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Overdraft Against Car
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Eligibility & Documentation
Overdraft Against Car
Eligibility & Documentation
Salaried Individuals
Self Employed / Proprietorship
Partnerships
Pvt. Ltd Co./ Ltd. Co
HUF
Trusts




Salaried Individuals

Documents required:
  • Proof of Residence - Any one of Photo Ration Card with DOB / Photo Driving License with DOB / Passport copy / Electricity bill / Telephone bill / Credit card statement with CC copy / Employer certificate or ID / Lease agreement.
  • Proof of Identity - Any one of Passport copy / Photo Driving License with DOB / Voters ID Card / PAN Card / Photo Ration Card with DOB.
  • Proof of Income - Latest Salary Slip AND latest form 16 (Cases of June onwards) or latest ITR. / If applicant is Corporate Salary A/c holder with HDFC having salary credit over Rs.8000 for last 3 months, then 3 months bank statement will suffice.
  • Proof of Signature - Any one of Passport copy / Photo Driving License with DOB / PAN Card / Credit card statement with CC copy / Banker's verification / Copy of IP paid to Bank which cleared.
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Self Employed / Proprietorship

Documents required:
  • Proof of Residence - Any one of Photo Ration Card with DOB / Photo Driving License with DOB / Passport copy / Electricity bill / Telephone bill / Credit card statement with CC copy / Employer certificate or ID / Lease agreement.
  • Proof of Identity - Any one of Passport copy / Photo Driving License with DOB / Voters ID Card / PAN Card / Photo Ration Card with DOB.
  • Proof of Income - Any one of Latest ITR / One previous year ITR and Adv. Tax challan of current year showing higher tax paid than previous year / Latest IT assessment order.
  • Proof of Signature - Any one of Passport copy / Photo Driving License with DOB / PAN Card / Credit card statement with CC copy / Banker's verification / Copy of IP paid to Bank which cleared.
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Partnership

Documents required:
  • Proof of Residence - Any one of Photo Ration Card with DOB / Photo Driving License with DOB / Passport copy / Electricity bill / Telephone bill / Credit card statement with CC copy / Employer certificate or ID / Lease agreement.
  • Proof of Identity - Partnership Deed.
  • Proof of Income - Latest ITR (If Balance sheet is unaudited) and Balance sheet & P & L A./c AND Latest Balance sheet & P & L A/c is required for application received after 30th Sept.
  • Proof of Signature - Any one of Passport copy / Photo Driving License with DOB / PAN Card / Credit card statement with CC copy / Banker's verification / Copy of IP paid to Bank which cleared.
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Pvt. Ltd Co./ Ltd. Co

Documents required:
  • Proof of Residence - Any one of Photo Ration Card with DOB / Photo Driving License with DOB / Passport copy / Electricity bill / Telephone bill / Credit card statement with CC copy / Employer certificate or ID / Lease agreement.
  • Proof of Identity - Memorandum and Articles of Association.
  • Proof of Income - Latest ITR & Audited financial statement AND Latest Balance sheet required for application received after 31 Dec.
  • Proof of Signature - Any one of Passport copy / Photo Driving License with DOB / PAN Card / Credit card statement with CC copy / Banker's verification / Copy of IP paid to Bank which cleared.
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HUF

Documents required:
  • Proof of Residence - Any one document of Karta from Photo Ration Card with DOB / Photo Driving License with DOB / Passport copy / Electricity bill / Telephone bill / Credit card statement with CC copy / Employer certificate or ID / Lease agreement.
  • Proof of Identity - Any one document of Karta from Passport copy / Photo Driving License with DOB / Voters ID Card / PAN Card / Photo Ration Card with DOB.
  • Proof of Income - Any one of Latest ITR / One previous year ITR and Adv. Tax challan of current year showing higher tax paid than previous year / Latest IT assessment order.
  • Proof of Signature - Any one of Passport copy / Photo Driving License with DOB / PAN Card / Credit card statement with CC copy / Banker's verification / Copy of IP paid to Bank which cleared.
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Trusts

Documents required:
  • Proof of Residence - Any one of Photo Ration Card with DOB / Photo Driving License with DOB / Passport copy / Electricity bill / Telephone bill / Credit card statement with CC copy / Employer certificate or ID / Lease agreement.
  • Proof of Identity - Trust Deed.
  • Proof of Income - Latest ITR & Audited financial statement AND Latest Balance sheet required for application received after 31 Dec.
  • Proof of Signature - Any one of Passport copy / Photo Driving License with DOB / PAN Card / Credit card statement with CC copy / Banker's verification / Copy of IP paid to Bank which cleared.
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