What is the current HDFC Bank interest rate?

HDFC Bank's indicative rate is 9.40% p.a.. HDFC Bank new car loan rate as of June 2025. Actual rates depend on your credit score, loan amount, and tenure.

How is HDFC Bank EMI calculated?

EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P is principal, r is monthly rate (annual rate ÷ 12 ÷ 100), and n is tenure in months.

Can I prepay my HDFC Bank loan?

Yes. HDFC Bank generally allows part-prepayment and foreclosure. Floating-rate retail loans typically attract no prepayment penalty under RBI guidelines.

How do I apply for a HDFC Bank loan online?

Visit HDFC Bank Limited's official website or mobile app, navigate to the relevant loan product, and complete the online application. You will need KYC documents and income proof.

HDFC Bank Car Loan EMI Calculator

9.40% p.a.

Current Rate

9.40% p.a. onwards

Max Tenure

Up to 7 years

Max Financing

Up to 100% of ex-showroom price

Rates shown are indicative as of June 2025. Verify current rates with HDFC Bank Limited before applying.

Monthly payment

$14,667.12

Principal
Interest

Loan amount: $700,000.00
Total interest: $180,027.08
Total cost (price + tax + interest): $980,027.08
Total of payments: $880,027.08
Term: 5 yr

You will pay about 180027 in interest over 60 months. Note that 0 of sales tax is rolled into the loan, so you pay interest on the tax too — your true cost of this car is about 980027.

Amortization schedule

Year	Payment	Interest	Principal	Balance
1	$176,005.42	$60,925.79	$115,079.62	$584,920.38
2	$176,005.42	$49,629.87	$126,375.55	$458,544.83
3	$176,005.42	$37,225.17	$138,780.25	$319,764.58
4	$176,005.42	$23,602.85	$152,402.57	$167,362.02
5	$176,005.42	$8,643.40	$167,362.02	$0.00

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Real what-if scenarios calculated from your numbers.

Scenarios use the exact same math as the calculator — no estimates.

How does this compare?Caution

Recommended max interest (15% of loan)$105,000.00

Your total interest$180,027.08

You're over by$75,027.08

Car loan interest should stay under 15% of the vehicle loan amount

Compare with other banks

SSBI Car Loan EMI Calculator

Frequently asked questions

What is the current HDFC Bank interest rate?: HDFC Bank's indicative rate is 9.40% p.a.. HDFC Bank new car loan rate as of June 2025. Actual rates depend on your credit score, loan amount, and tenure.
How is HDFC Bank EMI calculated?: EMI = [P × r × (1+r)^n] / [(1+r)^n – 1], where P is principal, r is monthly rate (annual rate ÷ 12 ÷ 100), and n is tenure in months.
Can I prepay my HDFC Bank loan?: Yes. HDFC Bank generally allows part-prepayment and foreclosure. Floating-rate retail loans typically attract no prepayment penalty under RBI guidelines.
How do I apply for a HDFC Bank loan online?: Visit HDFC Bank Limited's official website or mobile app, navigate to the relevant loan product, and complete the online application. You will need KYC documents and income proof.

Looking for the generic version? Open the standard Car Loan Calculator