Avail of our top-up Loan Against Car loan when you maintain a clear payment record for a minimum of 9 months, and manage all your finances with ease.

Quick Money- Instant Top up car loan for existing car loan customers

Quick Money is an instant disbursal product for top up car loan through Net banking and wide range of ATM’s. The eligible customers login through Net-banking / ATM’s and get the loan disbursed to their HDFC bank a/c through simple steps. The amount gets credited in a matter of seconds. The process is entirely paperless and digital.

Loan Against Car Features

Fulfil Your Every Need
Loan offers available upto 150% of the original loan value of the car, and don't worry, a wide range of manufacturers and their models/variants are approved and considered. Valuation of the car isn't mandatory.
Flexible Repayment Tenure
Decide whether you'd like your loan tenure to be just 12 months, or 84 months, with our pocket-friendly EMI repayment options.
Competitive Rates
Get an easy loan up to Rs 25 lakhs and up to 2% lower rates of interest as compared to personal loans available in the market.
Quick & Transparent Loan Disbursal
Quick, 30 minute approvals and hassle-free loan disbursals. Check your eligibility in just 60 seconds
Easy Repayment Options
Benefits from our low EMI repayment option

Loan Against Car Eligibility Criteria

The following people are eligible to apply for a Loan Against Car:

Salaried Individuals:

This includes doctors, CAs, employees of private limited companies, employees from public sector undertakings, including central, state and local bodies
Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer
Those who earn a minimum of Rs. 2,50,000 per year, including the income of the spouse

Self Employed Individuals (Sole Proprietorship):

This includes self-employed sole proprietors in the business of manufacturing, trading or services
Individuals who are a minimum of 31 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
Those who have been in business for a minimum of 3 years
Should earn at least Rs. 2,50,000 per annum

Self Employed Individuals (Partnership Firms):

This includes self-employed partners in the business of manufacturing, trading or services
Individuals who earn at least Rs. 2,50,000 per annum
Those who have a minimum turnover of Rs. 4,50,000 per annum
Individuals who have a residence or office telephone line. A post-paid mobile phone that is a minimum of three months old is acceptable if only one landline is available

Self Employed Individuals (Private Limited Companies)

This includes individuals who own a private company in the business of manufacturing, trading or services
Should earn at least Rs. 2,50,000 per annum
Individuals who have an office landline

Self Employed Individuals (Hindu Undivided Family - HUF):

This includes self-employed individuals in a business that falls under HUF
Should earn at least Rs. 2,50,000 per annum
Individuals who have a residence and office telephone line. A post-paid mobile phone that is a minimum of three months old is acceptable if only one landline is available
The Karta should be the co-applicant in his individual capacity

Loan Against Car Documentation

Salaried Individuals:
- Any of the following age proof documents:
  - Passport
  - PAN Card
  - Voters ID Card
  - Photo Driving License 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:
  - Passport Copy
  - PAN Card
  - Voters ID Card
  - Photo Driving License with DOB (recent, legible, laminated)
  - Photo Ration Card with DOB
- All the following documents as proof of income:
  - Latest Salary Slip
  - Latest Form 16/Latest ITR
  - HDFC Bank corporate salary account statement for salary credits above Rs. 80,000 for the previous 3 months
- Any of the following documents as address proof:
  - Photo Ration Card with DOB
  - Photo Driving License 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 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
Self Employed Individuals (Sole Proprietorship):
- Any of the following age proof documents:
  - Passport
  - PAN Card
  - Voters ID Card
  - Photo Driving License 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:
  - Passport Copy
  - PAN Card
  - Voters ID Card
  - Photo Driving License with DOB (recent, legible, laminated)
  - Photo Ration Card with DOB
- Latest ITR / Previous ITR with Adv. 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 License 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 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
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 Rs. 40 Lakhs, or the professional turnover exceeds Rs. 10 Lakhs, 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 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
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

Loan Against Car Rates & Fees

The HDFC Loan Against Car Rates & Fees are as follows:

Description of Charges	Amount to be Paid
Foreclosure charges*	No foreclosure allowed within 6 months from date of availing the loan 6% of Principal Outstanding for pre-closures within 1 year from 7th EMI 5% of Principal Outstanding for pre-closures within 13-24 months from 1st EMI 3% of Principal Outstanding for pre-closures post 24 months from 1st EMI
Part-payment charges*	Part-payment is allowed subject to completion of 12 months (i.e., post payment of 12 EMIs) Part-payment will be allowed only twice during the loan tenure, and is allowed only once per year. At any point of time, part-payment will not increase beyond 25% of Principal Outstanding 5% of the part-payment amount in case part prepayment in within 13-24 months from 1st EMI 3% on the part-payment amount in case part prepayment is post 24 months from 1st EMI
Stamp Duty (non-refundable)	At actuals
Late Payment Penalty	2% per month
Processing fees* (non-refundable)	2% of loan amount or Rs. 5,000/-, whichever is lower
Cheque/ECS swapping charges	Rs. 500/- per instance
Loan cancellation	In the event of cancellation, interest charges from date of disbursement till the date of cancellation of loan will be borne by the customer. Processing Fee and Stamp Duty and RTO charges (Used Car Purchase/Refinance) are non-refundable charges and would not be waived/refunded in case of loan cancellation
Legal, repossession & incidental charges	At actuals
Duplicate No Due Certificate/NOC	Rs. 500/- per instance
Loan reschedulement charges/rebooking charges	Rs. 1,000/- will be charged. If changes are required on RC, refundable Security Deposit – non-interest bearing of Rs. 5,000/- would be required. It will be the borrower's responsibility to provide the transferred Registration Certificate to the bank.
LPG/CNG NOC/Other Special NOC	Rs. 500/- per instance
CIBIL Charges (only on request)	Rs. 50/-
Cheque/SI/ECS Return Charges*	Rs. 550/- per instance
Amortisation Schedule Charges	Customer can download the schedule from E-Delight free of cost Rs. 200/- per schedule would be charged at the customer service desk
Commercial/Personal Use NOC (conversion subject to credit approval)	Rs. 2,250/- per NOC
PDD Collection charges*	Rs. 450 per case
Rack interest rate	14.00% to 16.00 % depending on the segment and age of vehicle

Inter-State NOC

Refundable Security Deposit (non-interest bearing) of Rs. 5,000 will be taken. It will be the borrower's responsibility to provide the transferred Registration Certificate to the bank. In addition, NOC charge would be Rs. 500/-.

It is also advised that the customers should refrain from and dealings in cash with the Bank's Direct Sales associates. Borrowers should also not make any payments in cash/bearer cheque or kind in connection with the loan, to the executive, dealing with the borrower for purpose of the loan.

Note: *Foreclosure, Part-Payment, Processing fees, Documentation Charges, Valuation Charges and Cheque/SI/ECS Return charges are exclusive of Government Taxes. Government Taxes and other levies as applicable would be charged additionally

PDD Collection charges are refundable in case of loan cancellation.