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Overdraft Against Car
Features & Benefits
Fees & Charges
Eligibility & Documentation
Overdraft Against Car
Need extra cash?
Want a lower rate of interest than a personal loan?
Have a car to your name?

With HDFC Bank's Overdraft Against Car, you can get an overdraft against your car and utilise the money for your personal or business needs.

Features & Benefits
Overdrafts available on cars hypothecated with the bank and up to 9 years old.
Loans ranging from Rs. 50,000 to Rs. 7 lacs depending on your needs.
Borrow up to 90% of the value of the car*
Available for almost all car models.
Pay interest only on the amount withdrawn.
Simple and speedy processing.
Avail of these features even if your car is hypothecated to another financier.
To receive the overdraft amount, a Current Account with an overdraft limit is created in your name. You will receive a Debit card alongwith a cheque book with at par facility.
* All vehicles will be valued by Bank empanelled valuer

  If you are an HDFC Bank account holder, we have special rates for you.

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