A top-up loan on your existing car loan to meet your personal needs

Leverage the power of your car to pay off your debts by availing this loan scheme

HDFC Bank Loan Against Car

This top-up loan helps HDFC Bank car loan borrowers access funds for personal needs. This loan can be used to meet any personal needs such as a child’s wedding, overseas travel, child’s higher education, etc. as well as to consolidate debts. This top-up loan scheme is only meant for HDFC Bank car loan borrowers.

Features of HDFC Bank Loan Against Car

Why this Loan?

  • The HDFC Bank Loan Against Car is meant for borrowers who want to get access to funds by pledging their car funded with HDFC Bank Vehicle Loan to meet their financial needs
  • This loan can also be availed by borrowers to pay off their high-interest debts, thereby consolidating their loans
  • This is a secured loan

Loan Amount

  • The maximum loan amount sanctioned by the bank under this loan scheme is up to 150% of the original value of the car


  • The interest rate applicable to this loan can be anywhere from 8.00% to 16.00%


  • This loan is repayable within 7 years or the residual period of the existing car loan, whichever is earlier


  • HDFC Bank car loan borrowers are eligible for this loan

Security Needed

  • The bank asks for the hypothecation of the car bought with the car loan funds to secure this loan

Processing Charges

  • The bank charges up to 1.50% of the loan amount plus tax for processing this loan with a minimum of Rs. 2,500 and a maximum of Rs. 5,000

Documents Needed

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof for Salaried Professionals: Last 3 months’ salary slip, Form 16 or income tax returns
  • Income/Banking Proof for Self-employed Professionals/Insurance Agents: Computation of income of last 2 years, Balance Sheet, Profit and Loss Account, Registration Certificate, GST Return, Income Tax Challan/ Form 26AS/TDS Certificate, IT Assessment, etc.

Reference Facts

  • HDFC Bank Website: www.hdfcbank.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1860 267 6161