HDFC Bank Car Loan Offer: Get top-up amount on your existing vehicle - Here is how

HDFC Bank is offering a top-up loan on your existing car loan now! This top-up loan facility can be availed when you require instant money - be it for your business needs or personal needs. You can get this top-up loan instantly, from the safety of your home. You can get this loan by using your idle car to your advantage. This loan has best-in-class features like - no documentation, low rate of interest and instant money credit.

Get the loan credited in 5 easy steps:-

Step 1 - Log in to your net banking

Step 2 - Go to 'Offers' tab and click on Car Loan Top-Up banner

Step 3 - Verify your personal details like Name, Email and Phone number

Step 4 - Select amount and tenure

Step 5 - Enter the OTP received on confirmation

And, you're done!

Taking to LinkedIn, Ashish Nayar, Senior Vice President -Head Product and Portfolio, posted, "HDFC bank  Car loans offers top ups from the confines of your home, digitally, within seconds...."

Earlier, on Tuesday, the private sector lender HDFC Bank had said it is increasing additional interest paid to senior citizens by 0.25 percentage point if they are willing to make a longer tenor deposit. For fixed deposits of over five years but under ten years, the city-headquartered bank will be paying an additional interest of 0.75 per cent, the lender said in a statement.

For deposits of up to Rs 5 lakh, the interest rate differential between the senior citizens and the others will be 0.50 per cent on the card rate for the respective tenor, it said.

It can be noted that a few days ago, SBI, the largest lender in the country, had also launched a similar offering to help senior citizens despite a heavy accretion in deposits when loan demand has gone down.