Know more about Car Loans
Our transparent, simple and quick processing of loan application helps you own your dream car.
We provide car loans for purchasing new and used cars for both commercial and personal usage. We also offer customized car loans for the entire range of cars, LUVs, MUVs, SUVs, Crossover Vehicles and Premium Cars. Unique schemes based on low EMI, low margin money, attractive rate of interest, quick documentation and quick disbursal of loans make Tata Capital the best choice for financing your dream drive.
Car Loan Amount & Tenure
We offer a minimum car loan amount of Rs. 1,25,000 for both used and new automobiles. The loan amount can be customised to your needs and can be fixed within the purview of our credit policy, available across the range of products in the market. We also offer car loan tenure up to 60 months.
Car Loan Eligibility
Salaried individuals, self-employed individuals and non-individuals i.e. companies and firms are eligible for car loans. The minimum income requirement for a salaried individual to get a car loan is Rs. 2,50,000 including assets, while for self-employed and non-individuals it is Rs. 2,00,000. We offer 100% loan on ex-showroom car price for salaried individuals, while the loan to value ratio for self-employed and non-individuals is as high as 90%. In order to get a car loan some simple documentation is required. Individuals/non-individuals need to produce documents like PAN card, address proof, bank statements, proof of income, financial statements etc. In addition, non-individuals require constitutional documents and other certificates depending on the type of the company/firm.
Now availing of a simple car loan can help fulfil your lifelong dream of owning a car from the country’s top brands.
For used car loans we offer up to 90% of the valuation of the car or sale price, whichever is lower. Minimum income requirement for a used car loan is Rs. 2,00,000. Some basic identification documents and bank statements can help you get a used car loan.
Switch your car loan
We can take care of your needs with our refinancing options. You can switch over your loan to Tata Capital and enjoy great benefits.