Car Loans

Know more about Car Loans
When you apply for car loans with Tata Capital, we ensure transparent, simple and quick processing to get you own your dream car in no time. We provide car finance for purchasing new and used cars for both commercial and personal use. We also offer customized car loans for a wide collection of cars ranging from hatchbacks, MUVs, SUVs and crossover vehicles to premium sedans. With our intelligent EMI calculator, we are able to offer you the lowest EMI for car loans. Added to this, unique features like low margin money, attractive rate of interest, quick documentation and quick disbursal of loans make Tata Capital the best choice for car finance. 
Car Loan Amount & Tenure
We offer a minimum car loan amount of Rs. 100000 for both new and used cars. The loan amount can be customized to your needs and can be fixed within the purview of our credit policy, available across a range of products in the market. We also offer up to 60 months of car loan tenure.
Car Loan Eligibility
Salaried individuals, self-employed individuals and companies 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 companies is as high as 90%. In order to get a car loan, some simple documentation is required. Individuals/companies need to produce documents like PAN card, address proof, bank statements, proof of income, financial statements etc. In addition, companies require constitutional documents and other certificates depending on the type of the company/firm. 

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 Salaried Rs. 300000 and Self Employed Rs. 2,00,000. A few basic ID proofs and bank statements are all you need to get a used car loan.
Switch your car loan
We can take care of your car needs with our refinancing options. Simply switch over your car loan to Tata Capital and enjoy great benefits such as attractive interest rates, flexible EMI options, quick processing and more.