Loan Against Car – Documentation

For salaried individuals:
  

    Any of the following age proof documents:

 

  • Aadhaar card
  • Passport
  • PAN card
  • Voters ID card
  • Photo driving licence with DOB (recent, legible, laminated)
  • Photo ration card with DOB
  • Employer certificate/ID
  • School/college leaving certificate

 

Any of the following documents as proof of identity:
 

  • Aadhaar card
  • Passport copy
  • PAN card
  • Voters ID card
  • Photo driving licence with DOB (recent, legible, laminated)
  • Photo ration card with DOB

 

All the following documents as income proof:

  • Latest salary slips
  • Latest form 16/latest ITR
  • HDFC Bank corporate Salary Account statement for salary credits above ₹80,000 for the previous 3 months

 

Any of the following documents as address proof:
 

  • Photo ration card with DOB
  • Photo driving licence with DOB (recent, legible, laminated)
  • Passport copy
  • Telephone bill
  • Electricity bill
  • Credit Card statement with Credit Card copy
  • Employer certificate/ID

 

Any of the following as sign verification proof:
 

  • Passport Copy
  • Photo driving licence with DOB (recent, legible, laminated)
  • Credit Card statement with Credit Card copy
  • Banker's verification
  • Copy of margin money paid to the bank
  • 9-month repayment track for vehicles being used personally and 12-month repayment track for vehicles being used commercially
  • Foreclosure statement in case there is a non-HDFC Bank loan on the vehicle

 

For self-employed individuals (sole proprietorship):
 

Any of the following age proof documents:
 

  • Aadhaar card
  • Passport
  • PAN card
  • Voters ID card
  • Photo driving licence with DOB (recent, legible, laminated)
  • Photo ration card with DOB
  • Employer certificate/ID
  • School/college leaving certificate

 

Any of the following documents as proof of identity:
 

  • Aadhaar card
  • Passport copy
  • PAN card
  • Voters ID card
  • Photo driving licence with DOB (recent, legible, laminated)
  • Photo ration card with DOB
  • Latest ITR / previous ITR with advance tax paid challan / latest IT assessment order as proof of income

 

Any of the following documents as address proof:
 

  • Photo ration card with DOB
  • Photo driving licence with DOB (recent, legible, laminated)
  • Passport copy
  • Telephone bill
  • Electricity bill
  • Credit card statement with credit card copy
  • Employer certificate/ID

 

Any of the following as sign verification proof:
 

  • Passport copy
  • Photo driving licence with dob (recent, legible, laminated)
  • Credit Card statement with Credit Card copy
  • Banker's verification
  • Copy of margin money paid to the bank
  • 9-month repayment track for vehicles being used personally and 12-month repayment track for vehicles being used commercially
  • Foreclosure statement in case there is a non-HDFC Bank loan on the vehicle

 

Self-employed individuals (partnership firms):
 

  • Partnership deed as age proof
  • Partnership deed as identity proof
  • Latest ITR and balance sheet along with profit & loss account. In case the business turnover exceeds ₹40 lakh, or the professional turnover exceeds ₹10 lakh, the balance sheet needs to have been audited and in which case the latest income tax return need not be taken

 

Any of the following documents as address proof:
 

  • Partnership deed
  • Telephone bill
  • Electricity bill

 

Any of the following as sign verification proof:
 

  • Passport copy
  • Photo driving licence with DOB (recent, legible, laminated)
  • Credit Card statement with Credit Card copy
  • Banker's verification
  • Copy of margin money paid to the bank
  • 9-month repayment track for vehicles being used personally and 12-month repayment track for vehicles being used commercially
  • Foreclosure statement in case there is a non-HDFC Bank loan on the vehicle

 

Self-employed individuals (private limited companies):
 

  • Memorandum and Articles of Association/Certificate of Incorporation as age proof
  • Memorandum and Articles of Association/Certificate of Incorporation as identity proof
  • Latest ITR and audited balance sheet along with profit & loss account as proof of income

 

Any of the following documents as address proof:
 

  • Memorandum and Articles of Association
  • Certification of Incorporation
  • Telephone bill
  • Electricity bill

 

Any of the following as sign verification proof:
 

  • Passport copy
  • Photo driving license with DOB (recent, legible, laminated)
  • Credit Card statement with Credit Card copy
  • Banker's verification
  • Copy of margin money paid to the bank
  • 9-month repayment track for vehicles being used personally and 12-month repayment track for vehicles being used commercially
  • Foreclosure statement in case there is a non-HDFC Bank loan on the vehicle

 

  • Click here to read more about the HDFC Bank Loan Against Car
  • Click here for the most important Terms & Conditions

    • Disclaimer: Terms and conditions apply. Loan Against Car approvals are at the sole discretion of HDFC Bank Limited and are subject to documentation and verification as per the Bank's requirements. Interest rates are subject to change. Please check with your RM or the closest bank branch for current interest rates.

Frequently Asked Questions

To apply for a Loan Against Car online, you'll need a few key documents such as proof of your age, identity, address and signature verification. These documents typically include identification like a passport or driver's license for age and identity proof, utility bills or rental agreements for address verification and any necessary signatures on legal documents or verification from a bank. Having these documents ready will help expedite the loan application process.

The vehicle registration certificate provides your lender with information regarding the legitimacy of ownership of the vehicle, against which you are obtaining the loan, indicating whether it is lawfully owned by the borrower or if it has been reported stolen.

For identity verification, HDFC Bank accepts any one of the following: Aadhar Card, Passport Copy, PAN Card, Voters ID Card, recent laminated Photo Driving License with the date of birth, or a Photo Ration Card with the date of birth. These must be legible and updated as required.

You are required to submit your latest salary slip, latest Form 16 or Income Tax Return, and your HDFC Bank corporate salary account statement reflecting salary credits above ₹80,000 for the last three months, as income proof for the HDFC Bank Loan Against Car.

You may provide any of the following to HDFC Bank as address proof: a recent laminated Photo Driving License with date of birth, Passport Copy, Photo Ration Card with date of birth, Telephone Bill, Electricity Bill, Credit Card Statement with Credit Card Copy, or Employer Certificate/ID.

HDFC Bank accepts any one of the following for sign verification: Passport Copy, recent laminated Photo Driving License with date of birth, Credit Card Statement with Credit Card Copy, Banker's Verification, or Copy of Margin Money Paid to the Bank. One valid document must be submitted.

As a sole proprietor, you must submit your latest Income Tax Return, previous ITR with Advance Tax paid Challan, or the latest IT assessment order to HDFC Bank as valid income proof for processing the Loan Against Car.

If you represent a partnership firm, HDFC Bank accepts the Partnership Deed as valid proof of both age and identity when applying for a Loan Against Car. This document must be complete and officially registered to be considered valid.

You need to provide HDFC Bank with the latest Income Tax Return and Balance Sheet with a Profit & Loss Account. If business turnover exceeds ₹40 lakh or professional turnover exceeds ₹10 lakh, audited financials are mandatory, and the latest Income Tax Return is then not required.

HDFC Bank requires private limited companies to provide either the Memorandum and Articles of Association or the Certificate of Incorporation as valid age and identity proof when applying for a Loan Against Car.

You must provide a 9-month repayment track if the vehicle is used personally or 12 months if used commercially. Additionally, if the car has a non-HDFC Bank loan, a foreclosure statement is mandatory for HDFC Bank to process your Loan Against Car request.

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