Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs SUPPORT
Loans For You
Loans for Business
Investment
Insurance
Apply
Quick Links for loans
Quick Links for Insurance
Investment
Offers Quick Pay
Back

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure
Know More
Back

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required
Know More
Menu  
 
Apply Now

Tata Capital > Blog > Loan for Vehicle > A list of documentation that will let you avail a used car loan, instantly.

Loan for Vehicle

A list of documentation that will let you avail a used car loan, instantly.

A list of documentation that will let you avail a used car loan, instantly.

These days, second-hand cars are almost as good as new ones and sometimes you may even find it better than buying a new one. If you have enough in your savings account, then your issue stands to be solved. But what if you don’t want to use all your savings or don’t have enough money, what do would you do?

Know More About Used Car Loan

You know a used car loan is a good option to think about.

Taking a used car loan is a smart and value-for-money deal. It not only lets you borrow the money to buy that much-needed car but also allows you to keep your savings.

A used car loan from NBFCs like Tata Capital, is very easy to avail and offer loans for a wide collection of cars ranging from hatchbacks and SUVs to premium sedans. The best part of taking a used car loan from Tata Capital is that they offer funds up to 95 per cent loan on your car value.

They offer used car loans from Rs 1 lakh to Rs 50 lakh with competitive interest rates starting at 12.5 per cent. To avail a used car loan, you won’t even have to step out of your house. You can easily apply for used car loan online, by clicking here.

Before you avail a loan, you should be eligible. You can read about your used car loan eligibility .

In a nutshell, you need to be employed:  in a government, public or private sector organisations, need to be minimum 21 years of age, and maximum 60 years of age. You should have at least two years’ of work experience with a minimum of six months with the current employer. To avail a used car loan, your income, too, needn’t be very high. If you earn about Rs 3 lakhs per annum or have a minimum of Rs 20,000 monthly income, you are eligible for a used car loan. You also need to have a telephone or mobile connection, which is no big deal in today’s time.

Thedocumentation required will also be easily available too.

Here is what you will need for:

  • Photo Identity Proof:  You will need to have a valid photo identity proof as a used car loan document, which could be a copy of your Voter ID card or Passport or Driving License or Aadhaar Card or PAN card.
  • Address Proof: You also need an address proof which could be a copy of your ration card, electricity bill or passport.
  • Proof of Income: Your used car loan documents should include an income proof in form of a copy of your salary account bank statements for the last three months, and a copy of your salary slips for the last three months.
  • A copy of your telephone or mobile bill is also required to process your used car loan application for instant approval of the loan.
  • Vehicle registration details: Last and most importantly, you need to have a copy of your Vehicle's registration certificate.

These used car loan documents are enough to get you an instant approval on the loan.   Now that you know the eligibility criteria and documents required for a used car loan, you can keep all your documents ready so that you can get quick approval on the loan.

Apply Now
Disclaimer

Most Viewed Blogs

Trending Blogs

Calculator

Personal Loan EMI Calculator

Personal Loan EMI Calculator
Home Loan EMI Calculator

Home Loan EMI Calculator
Business Loan EMI Calculator

Business Loan EMI Calculator
Used Car Loan EMI Calculator

Used Car Loan EMI Calculator
Two Wheeler Loan EMI Calculator

Two Wheeler Loan EMI Calculator
Loan Against Securities Calculator

Loan Against Securities Calculator
Loan Against Property Calculator

Loan Against Property Calculator
More Tools
Our Subsidiaries
Our Other Websites

Important Information

Investor Information

Visit us on:,Visit us on: www.tatacapitalmoneyfy.com,www.tatacapitalmoneyfy.com

Our Private Equity Funds

Amalgamated Companies

Top Branches

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Policies, Codes & Other Documents

Most Important Terms & Conditions - Home Loans

Download in your preferred language

Download

Tata Capital Solutions & Services

Uh oh, something went wrong

Please try again later.