Get the vehicle loan of your choice with TATA Capital
Vehicle Loan by Tata Capital: 95% Funding With Best Interest Rate
What is a Vehicle Loan?
Finally found your dream vehicle but worried about the financing? A vehicle loan is just what you need.
It helps you bring home your desired vehicle quickly, without dipping into your savings or disrupting your monthly budget. A vehicle loan is financing that you can use to purchase any vehicle— from a bike to a truck. It is a secured loan, which means the vehicle itself will be the collateral.
So, you don’t have to worry about offering assets as security against your loan.
And the best part? You can repay your loan easily in comfortably monthly installments for a duration of your choice.
And with Tata Capital, you can find the right loan to fit your needs. We have it all—competitive interest rates, flexible EMI options, longer repayment tenure, and more. and We are committed to helping you finance your next vehicle purchase quickly and with minimal paperwork.
That was the vehicle loan meaning. But we have different options in store for you. Let’s dive into them.
Benefits of an Online Vehicle Loan by Tata Capital
By securing a vehicle loan from Tata Capital, you can access the necessary funds to bring your dream vehicle home without depleting your savings. Let’s take a look at its benefits.
Vehicle Loan Eligibility Criteria
Vehicle Loan Eligibility Criteria
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Your age must be between 21 and 60 years.
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You must have a minimum monthly salary of Rs. 20,000.
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You must have a minimum of one year of work experience.
Vehicle Loan Eligibility Criteria
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You must be the proprietor.
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Your age must be between 21 and 65 years.
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The business must have been operating for at least the past three years.
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You must have a minimum income of Rs. 2 lakhs per annum.
Vehicle Loan Eligibility Criteria
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Either the firm or the individual partner must have an annual income of Rs. 2 lakhs.
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ABB must be 0.5 times the EMI.
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You must have a telephone or mobile connection.
Vehicle Loan Eligibility Criteria
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You must have a minimum annual income of Rs. 2 lakhs.
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You must have an office landline connection.
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ABB must be 0.5 times the EMI.
How to Apply for a Vehicle Loan with Tata Capital?
Follow these steps to apply for a used car loan with Tata Capital-
- Fill out the used car loan application form on our website.
- Upload the required used car loan documents.
- Click on submit.
That’s it. Our representative will get in touch with you and guide you through the next steps.
If you are not comfortable with the online process, you can also submit the form offline. All you need to do is visit your nearest TATA Capital branch, fill out the application form, and submit the vehicle loan documents required.
How To Calculate the Monthly EMI for Vehicle Loan
Whether you’re dreaming of a stylish scooter or a luxury second-hand car, it’s important to determine your potential EMIs to repay your loan with ease. And the quickest way to calculate this is using an online EMI calculator. It is a digital tool that considers your loan principal amount, interest rate, and repayment tenure to calculate your potential EMI.
Here’s how you can use it-
- Open the online used car loan emi calculator.
- Enter the loan amount, interest rate, and tenure.
- Click on calculate.
The calculator will automatically calculate your potential EMIs instantly. And if you’re not satisfied with the result, keep adjusting the parameters to arrive at a more comfortable amount.
Types of Vehicle Loan
Car Loan
Planning to buy a new or pre-owned car? A car loan from Tata Capital helps you finance new or pre-owned hatchbacks, sedans, or SUVs with ease. Flexible repayment tenures, competitive interest rates, and affordable EMIs keep costs manageable, while simple eligibility and a smooth approval process ensure a hassle-free borrowing experience at Tata Capital.
Two-Wheeler Loan
Bring home a two-wheeler that fits your travel needs with Tata Capital’s easy two-wheeler loan. With flexible repayment tenures and simple eligibility criteria, this loan offers easy access to funds for your purchase. With fast approvals and affordable EMIs, owning a two-wheeler is hassle-free with Tata Capital, be it for daily city commutes or longer rides.
Commercial Vehicle Loan
Fuel your business ambition with Tata Capital’s commercial vehicle loan. Designed to support transport and logistics needs, it helps you finance commercial vehicles with ease. Flexible repayment options, timely approvals, and affordable EMIs make it easier to expand or upgrade your fleet while keeping cash flow in check.
Tractor Loan
Support your farming needs with Tata Capital’s tractor loan. Designed for agricultural use, it helps you purchase tractors essential for daily farm operations. With repayment structures aligned to agricultural income cycles, flexible tenures, and easy eligibility, the loan makes investing in farm equipment more practical and manageable.
Construction Equipment Loan
Power your projects with Tata Capital’s construction equipment loan. Designed to help businesses invest in heavy machinery such as excavators and loaders, the loan offers flexible repayment tenures and manageable EMIs. Easy access to funds and a streamlined approval process help you maintain operational efficiency without large upfront costs.
Features of an Online Vehicle Loan by Tata Capital
Applying for a vehicle loan online with Tata Capital is designed to be a simple, fast, and convenient process. The digital-first approach helps reduce paperwork and speeds up the overall loan journey, making it easier to finance a new or used vehicle.
Fully digital process: From application to approval, the entire process can be completed online, saving time and eliminating the need for branch visits.
Quick approvals: Online verification and instant checks enable faster approvals, helping you move ahead with your vehicle purchase without delays.
Flexible EMI options: Choose repayment tenures that suit your budget, ensuring EMIs remain affordable and easy to manage over time.
Minimal documentation: Basic KYC and income-related documents are usually sufficient, keeping the process straightforward and hassle-free.
Competitive pricing: Attractive vehicle loan interest rate options help reduce the overall cost of borrowing and make repayments more comfortable.
Wide loan coverage: Options are available for a second vehicle loan, used vehicle loan, or second-hand vehicle loan, offering flexibility across different purchase needs.
- Transparent costs: Clear visibility on vehicle loan interest and charges allows better financial planning with no hidden surprises.
Documents Required for a Vehicle Loan
For Salaried Applicants
Identity proof: Aadhaar, PAN
Address proof: Aadhaar, utility bill, or passport
Income proof: Latest 3 months' salary slips, Form 16
Bank statements: Last 3-6 months of salary account
Employment proof: Employment ID or offer letter
Vehicle documents: Proforma invoice or vehicle quotation
For Self-Employed Applicants
Identity proof: Aadhaar, PAN
Address proof: Aadhaar, utility bill, or business address proof
Income proof: ITR for last 2-3 years, audited financials
Bank statements: Last 6-12 months of primary account
Business proof: GST registration, business registration certificate
Vehicle documents: Proforma invoice or vehicle quotation
Interest Rate & Charges for Vehicle Loan
| Component | Amount/Rate |
|---|---|
| Interest rate | Starting from competitive rates based on vehicle type |
| Processing fee | Up to 3% + GST |
| Foreclosure charges | As per loan agreement |
| Late payment penalty | Per RBI norms + GST |
| Cheque bounce charges | ₹500 per instance |
| Documentation charges | Up to ₹1,500 + GST |
| Stamp duty | Per state rules |
Why Choose a Vehicle Loan from Tata Capital
Choosing the right lender matters as much as choosing the right vehicle. A Tata Capital vehicle loan combines trust, speed, and flexibility to make your borrowing experience smooth and stress-free.
Backed by the Tata legacy: A trusted name known for transparency, reliability, and customer-first financial solutions.
Fast and efficient processing: Streamlined systems ensure quick approvals and timely disbursals, helping you move ahead without delays.
Competitive pricing: Attractive vehicle loan interest rate options help keep your borrowing costs under control.
Flexible repayment options: Customisable tenures and affordable EMIs make it easier to plan repayments around your monthly budget.
Support for varied needs: Whether you are applying for a used vehicle loan or a second vehicle loan, Tata Capital offers solutions tailored to different purchase requirements.
Dedicated customer support: A responsive support team is available to guide you at every step, from application to repayment.
With flexible terms, transparent pricing, and dependable service, Tata Capital makes vehicle financing simple and accessible.
Vehicle Loan EMI Calculator
Thinking of buying a vehicle and want to estimate how it will fit your monthly budget? Use Tata Capital’s vehicle loan EMI calculator to estimate monthly payments in seconds. Enter the loan amount, tenure, and interest rate to get an immediate estimate. By using this free vehicle loan calculator, you can plan EMIs in advance, whether it’s an EMI for bike loan or a used vehicle loan, and choose a repayment option that fits your budget comfortably.
Loan amount
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Loan duration
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Rate of interest
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Monthly EMI
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Total Amount Payable
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Total Interest Payable
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Total Amount Payable
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Used & Second-Hand Vehicle Loans
Tata Capital offers dedicated financing for pre-owned vehicles:
Used Car Loan: Cars up to 10 years old at the time of loan maturity. Competitive rates, tenure up to 5 years.
Used Two-Wheeler: Available through select dealer partnerships.
Documentation: Includes vehicle valuation, RC copy, insurance policy, and NOC from the seller.
Advantage: Get quality used vehicles at lower prices than new, with structured financing that keeps EMIs manageable.
Popular FAQs
What is the minimum credit score to get a Car Loan?
What types of vehicle loans does Tata Capital provide?
We offer various vehicle loans to suit your needs, including used car loans and two-wheeler loans. Whether you are looking to purchase a pre-owned car or a motorcycle, Tata Capital provides flexible repayment options, competitive interest rates, and an online application process to make your purchase easier and more affordable.
What are the minimum and maximum tenures for Vehicle Loans?
At Tata Capital, we offer flexible loan tenures for vehicle loans. The tenure for used cars ranges from 12 to 72 months, and for two-wheelers, it ranges from 6 to 60 months. This flexibility allows you to choose a repayment period that aligns with your financial situation and repayment capability.
What are the terms and conditions for a Vehicle Loan?
Age between 21 and 60 years.
Minimum monthly salary of Rs. 20,000.
Minimum one year of work experience.
Age between 21 and 65 years.
Must be a proprietor.
Business must be operating for at least three years.
Minimum annual income must be Rs. 2 lakhs.
To be eligible for a vehicle loan from Tata Capital, you must meet the following eligibility criteria:
For salaried employees:
For self-employed individuals:
What are the benefits of fixed vs flexi EMI plans?
With a fixed EMI plan, the monthly instalment remains the same throughout the loan tenure, making it easier to manage budgets and plan expenses. This option suits borrowers with a stable income. A flexi EMI plan allows you to start with lower EMIs and increase them later, offering greater flexibility to manage cash flow as income levels change.
What are the penalties for late EMI payments?
If your EMI payment is delayed, Tata Capital may charge a late payment fee on the overdue amount or as per the loan agreement. Repeated delays can also negatively impact your credit score and affect future loan eligibility.
How long does loan disbursal take?
Vehicle loan disbursal with Tata Capital is quick once the application and documents are verified. In most cases, funds are released within one to two working days after loan approval.
Are there any processing fees or hidden charges?
Tata Capital follows a transparent pricing structure. Processing fees are clearly communicated before loan approval, with no hidden charges. All applicable costs, including documentation or service fees, are shared upfront.
How does CIBIL score affect my vehicle loan interest rate?
Your CIBIL score helps Tata Capital assess your repayment behaviour. A higher score can help you secure a lower vehicle loan interest rate, while a lower score may result in a higher rate or reduced approval chances.
Can I get a loan for an electric vehicle (EV)?
Yes. Tata Capital offers financing for electric two-wheelers and four-wheelers. Some products come with green concessions of 0.25-0.5% lower rates for EVs.
Can I get a loan for a second-hand or old vehicle?
Yes. Used car loans are available for vehicles up to 10 years old at maturity. Vehicle condition and valuation determine the loan amount and rate.
How can I check my vehicle loan eligibility and application status?
Use the online eligibility calculator on tatacapital.com or the app. Track application status through the same portal, WhatsApp banking, or by calling customer care.
What is the maximum funding available on a vehicle loan?
Up to 95% of on-road price on two-wheelers, 90% on cars, and up to ₹1 crore for commercial vehicles.
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