Overdraft Against Car:

An overdraft is typically associated with a bank account, allowing the account holder to withdraw more money than is currently available. It is not directly related to a car. However, if you're looking to use your car as collateral for a loan or line of credit, there are other options available, such as a car title loan or a car equity loan.

Documents Require For Overdraft Against Car

Overdraft Against Car: Self Employed:

• 2 Years ITR with Computation.
• 6 Months Bank Statements.
• ID, Age & Address Proof.
• Ownership Proof.
• 2 Photographs.
• Copy Of RC & Insurance ( Only In Case Of Used Car Loan / Loan Against Car)

Overdraft Against Car: Salaried:

• Salary Slip Latest 3 Months.
• 2 Yrs. Form 16.
• ID, Age & Address Proof.
• 6 Months Bank Statements of Salary Account.
• Copy of Employemnt ID Card.
• 2 Photographs.
• Copy Of RC & Insurance ( Only In Case Of Used Car Loan / Loan Against Car).

Overdraft Against Car:Partnership Firm:

• 2 Yrs Financials (Balance Sheet, Profit & loss Account and audit report) with ITR.
• 6 Months Bank Statements.
• KYC (Age, Address and Identity Proof) of Authorised Partner.
• Ownership Proof.
• Copy of PAN of Firm.
• Partnership deed.
• Firm Address Proof.
• 2 Photographs.
• Copy Of RC & Insurance ( Only In Case Of Used Car Loan / Loan Against Car)

Overdraft Against Car : Private Limited & Limited Company

• 2 Yrs Financials (Balance Sheet, Profit & loss Account and audit report) with ITR.
• 6 Months Bank Statements.
• KYC (Age, Address and Identity Proof) of Main Director.
• KYC of Authorising Director.
• Company Address Proof.
• Memorandam of Article.
• 2 Photographs.
• Copy Of RC & Insurance ( Only In Case Of Used Car Loan / Loan Against Car)

Overdraft Against Car:Trust / Society:-

• 2 Yrs ITR With Audit Report, Balance Sheet and Profit & Loss Account.
• 6 Months Bank Statements.
• KYC of Authorised & Authorising Signatory Chairman / Secetary.
• Ownership Proof.
• Address Proof of Trust / Society.
• Memorandam of Article / Trust deed.
• List of Members.
• Copy Of RC & Insurance ( Only In Case Of Used Car Loan / Loan Against Car)