How to Ease your Car Loan VKYC Process?

19 July, 2024

Synopsis

• You can complete KYC for your Car Loan through video call, also known as VKYC.

• For VKYC, all you need is your PAN.

• During the VKYC, the agent will capture the image of the original PAN.
  
  

If you intend to buy a car for your daily commute and want to manage your finances better, you can consider getting an Xpress Car Loan. You can compare offers and settle for an affordable option. Once you have made the decision, you can apply online and fulfil the KYC norms effortlessly, thanks to VKYC (Video Know Your Customer) for Xpress Car Loan verification process.

The VKYC process is simple and primarily involves the verification of only PAN CARD.

PAN Card

For PAN Card verification, you will be asked by the official to display your PAN Card in front of the camera. A clear image of the card is captured this way to verify against your PAN details obtained from the database of an issuing authority like DigiLocker. You explicitly need to display your original PAN Card and not a printed copy of your e-PAN Card. If you have provided your e-PAN to the loan provider, make sure that it is signed beforehand.

Apply for Xpress Car Loan Seamlessly with HDFC Bank

With the above-mentioned documents handy with you, you can apply for HDFC Bank Xpress Car Loan easily. To make the process even more convenient, HDFC Bank lets you apply at anytime, anywhere with just your smartphone. The end-to-end digitised application procedure takes about 30 minutes with no physical documentation required. You can upload the documents online, complete VKYC as a pre-approved borrower, and the application is processed in no time.

*Disclaimer: Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Credit at sole discretion of HDFC Bank Ltd. Other charges and taxes as applicable. The offer is unconditionally cancellable without prior notice. Interest rates are subject to change. Please check with your RM or closest bank branch for current interest rates.