Personal loan starting
@ 11.50% p.a
All you need to know
Personal loan for all your needs
Check Your Credit Score
Higher credit score increases the chances of loan approval. Check your CIBIL score today and get free insights on how to be credit-worthy.
Check Credit Score
Home Extension Loan Affordable Housing Loan PMAYQuick Cash Plot & Construction Loan Balance Transfer Home Loan Top Up Home Loan EMI Calculator PMAY Calculator Balance Transfer & Top-up Calculator Home Loan Eligibility Calculator Area Conversion Calculator Stamp Duty CalculatorKnow MoreCheck Credit Score Home Loan Rates & Charges Home Loan Documents Required Home Loan Online RERA Approved Housing Projects
Business Loan EMI Calculator Business Loan Pre-payment Calculator GST Calculator Foreclosure Calculator Hybrid Term Loan Machinery Loan MSME Loan Small Business LoanBusiness Loan Rates & Charges Business Loan Documents Required
Used Car Loan Loan On Used Car New Car Loan Two Wheeler Loan Used Car EMI Calculator Two Wheeler EMI Calculator Apply Now Apply Now
Know More Apply Now Loan Against Securities Rates & Charges Loan Against Securities Documents Required Loan against Shares Loan against mutual funds Check Credit ScoreLoan Against Securities Rates & Charges Loan Against Securities Documents Required
Know More Apply Now Loan Against Property Rates & Charges Loan Against Property Documents Required EMI Options Hybrid Term Loan Secured BL (SBL) Loan Against Property EMI Calculator
Know More Apply Now Education Loan Rates & Charges Education Loan Documents Required Education Loan EMI Calculator Request a Callback
Sign in to unlock
special offers!
Get up to 100% on-road funding for your dream car with our competitive car loan interest rates and hassle-free application process.
Several factors come into play when determining the new car loan interest rates. These include the cost of funds, customer credentials, geography, asset, tenor, and discounts offered in the market. Your personal details like your credit profile, monthly income, and repayment capacity also influence the interest rates.
| Type of Fee | Application Charges |
|---|---|
| Processing Fees |
At Tata Capital, you are charged Up to 2.95% of the loan amount. |
| LTV | Upto 100% on road funding |
At Tata Capital, we understand that the requirements of each customer are unique. This is why our experts ensure you get a transparent and suitable deal at low interest rates. We offer the most competitive interest rates in the industry, starting at just 9.99%.
With the help of the calculator below, you can quickly estimate your monthly installment.
Loan amount
Loan duration
Loan duration
Rate of interest
Monthly EMI
Total Amount Payable
0*
Total Interest Payable
0*
Total Amount Payable
Total Interest Payable
The interest rate for a car loan at Tata Capital starts at just 9.99%. The other charges you’re liable to pay, including various types of penal charges, are as follows:
This is a charge for late EMI payments, calculated based on the number of days your EMI remains unpaid.
At Tata Capital, for default in payment of interest and/ or principal amounts, you are charged 3% per month on the defaulted amount (Annualized Penal Charge of 36%)
These are those charges that are levied in case of an EMI bounce per instance. In other words, these charges are levied when you miss a New Car loan EMI payment due to inadequate funds in your bank account. At Tata Capital, you’ll be required to pay Rs. 600 per instrument per instance
Charges will be levied if new mandate form is not registered within 30 days from the date of rejection of previous mandate form by borrower’s bank for any reasons whatsoever. Tata Capital charges a nominal amount of Rs. 450.
| Type of Fee | Applicable Charges |
|---|---|
| Processing fees | The fee is charged for processing the loan application. It is payable even if the loan is rejected. Tata Capital charges 2.95% of the loan amount as processing fee. |
| Foreclosure charges |
|
| Statement of Accounts |
This is a charge applied for providing a physical copy of the Statement of Account – a statement having a list of all transactions made in your loan account during a given period.
At Tata Capital, you will be charged Customer portal – Nil Branch walk-in - Rs. 250 |
| Loan Cancellation Charge | This is a charge applied if you request loan cancellation after the cooling-off period. |
| Duplicate NOC Charges | This is a charge applied for issuing a physical copy of the duplicate No Objection Certificate (NOC) due to any reason. |
| Stamp Duty | This is a government-mandated fee required for legally registering your loan agreement. |
| NACH / PDC Charges | This is a charge applied when you use post-dated cheques (PDCs) or physical NACH forms instead of setting up an electronic mandate for EMI payments. |
| Documentation charges | This fee covers the cost of verifying your documents, completing necessary compliance checks, and conducting due diligence before your loan is disbursed. |
| NOC for conversion of private to commercial registration | This is a charge applied for issuing a No Objection Certificate (NOC) required to convert and register your vehicle at RTO from private to commercial use. |
| Charges for Repossession of Vehicle | This is a charge applied when an asset is repossessed due to non-repayment of the loan. |
| PDD Charges | This charge is applied for managing the Registration Certificate (RC), including document storage, administrative handling, and record management. |
| Charges for delay in RC hypothecation | This is a monthly charge applied when you fail to submit the Registration Certificate (RC) for hypothecation to the Registering Authority within 120 days from the date of loan disbursement. |
| Part- Prepayment Charges | This is a charge applied if you choose to repay part of your loan before the end of your loan tenure. |
| Switch Fee without any Top Up | This is a charge applied if you request a change or reduction in the interest rate on your existing Loan. |
Note: GST, other government taxes and levies as applicable, will be payable on all fees and charges.
Before applying for a car loan, you must understand the two types of car loan interest rates you can secure in 2025. Each type has its merits and demerits, and you must choose the one suitable for your financial goals.
We offer the best car loans with simple eligibility criteria and minimal documentation. We have different eligibility criteria for different types of applicants, including salaried and self-employed individuals.
Salaried Individuals :
The applicant must be aged between 21 and 60 years.
The applicant must have a minimum salary of Rs. 3 lakhs pa.
The applicant must have a minimum work experience of one year.
Self-Employed :
The applicant must be aged between 21 and 65 years.
The applicant must be the proprietor of the business.
The applicant’s business must be at least one year old.
The applicant must have a minimum annual income of Rs. 3 lakhs.
Self-Employed (Others) :
The applicant must have a minimum annual income of Rs. 2 lakhs.
ABB must be at least 0.5x the loan EMI.
General documents required for New Car Loan are as follows:
Credit score: You can get a better interest rate if your credit score is higher. It is because a higher score indicates lower credit risk.
Loan amount: Larger loan amounts may attract slightly higher interest rates.
Loan tenure: The longer the tenure, the higher the interest rate. Similarly, the shorter the tenure, the lower the interest rate.
Income and repayment capacity: A steady income and low debt-to-income ratio improve your chances of securing a lower interest rate.
Repayment history: If you have a strong record of timely repayments, lenders feel confident in giving you a loan and often offer a lower interest rate.
Here are some useful tips to help you secure a better car loan interest rate:
Compare interest rates across banks and NBFCs before making a loan application.
Opt for a shorter tenure. Shorter tenures usually come with lower interest rates and lower total interest outgo.
Try to make a higher down payment. Paying more up front reduces the loan amount and can lead to better interest terms.
Negotiate with lenders, especially if you have a strong credit and repayment history.
Extra features can inflate costs, so it is advisable to choose only what’s essential.
With Tata Capital, you can apply for a car loan online or offline according to your convenience. All you have to do is visit our website or your nearest Tata Capital branch, fill out a car loan application form, and submit the required documents.
Below is the step-by-step process to get a car loan online with Tata Capital:
1. Online Application
Visit Tata Capital’s website and fill out a car loan application form by entering your basic details, such as name, contact number, monthly income, etc.
2. Document Submission
You can submit the required documents by uploading them to our website. The list of documents required may depend on your employment type and may include your PAN card, Aadhaar card, Bank Statements, etc.
3. Verification
Once we receive your car loan application and the required documents, we will initiate a verification process to check the authenticity of the documents submitted.
4. Approval
Once we find zero discrepancies in your documents, we will approve your car loan application instantly. You can check for the approval status of your loan application on our website.
5. Loan Disbursal
Upon approval, we will disburse the car loan amount directly to your bank account within a few working days. You can use this amount to pay for your dream car.
1. Pay Online
With Tata Capital, you can pay your car loan EMIs online in a hassle-free manner. All you have to do is visit our website or log into our mobile application and make the payment using a debit card, credit card, NetBanking, or UPI.
2. Drop a Cheque
If you are not comfortable making online payments, you can drop a cheque at your nearest Tata Capital branch to pay your car loan EMIs.
Car loan interest rates generally are of two types: fixed and floating. Each has its own advantages depending on your needs and preferences.
1. Fixed interest rate: The rate stays the same throughout the loan tenure, which means your EMIs remain consistent. This offers stability and makes budgeting easier.
2. Floating interest rate: The rate may change based on market conditions. EMIs can go up or down, which could save you money if rates fall.
Which one is better depends on your priorities. If you prefer predictable EMIs, fixed rates are ideal. If you’re comfortable with some risk and want to benefit from possible rate drops, floating rates may work better.
Here’s how your credit score can have an impact on your interest rate:
A good credit score shows lenders you’re reliable, which can help you get lower interest rates.
Scores of 650+ are usually considered decent, while 750 and above are excellent and may unlock the best rates.
To improve your credit score, pay your bills on time, reduce debt, and avoid multiple loan inquiries. check your credit score with Tata Capital.
Your car loan interest rate depends on both your profile and market trends. Lenders look at your credit score, income, loan amount, repayment tenure, and any existing debt before deciding the rate. A score of 750 or higher usually helps you get better terms. Rates may also change with RBI policy updates and broader market conditions. You can check your credit score with Tata Capital to understand the kind of rates you might be eligible for.
Yes, the car type (new or used) may influence the car loan interest rate at Tata Capital.
Some of the important fees and charges associated with a car loan from Tata Capital include:
1. Processing fee: 2.95% of the loan amount
2. Foreclosure charges: 6% if closed within 12 months; 5% after 12 months
3. Statement of account: Nil through the customer portal, Rs. 250 for branch walk-ins
4. Loan cancellation: Rs. 6,500 (after the cooling-off period)
5. Duplicate NOC: Rs. 300
6. Stamp duty: At actuals
7. NACH/PDC charges: Rs. 500
8. Documentation charges: Up to Rs. 1,999
9. Other charges: These may apply for repossession (Rs. 22,000), RC-related delays, or part-prepayments
Apart from these fees and charges, GST and applicable government levies are charged extra on all of them. Visit our rates & charges page for a detailed breakdown of the associated costs.
To be eligible for a new car loan with Tata Capital, you need to meet the following criteria:
1. Age: 21-60 years for salaried professionals and 21-65 years for self-employed individuals.
2. Income: Minimum Rs. 3 lakhs per year for salaried and most self-employed individuals; Rs. 2 lakhs for certain self-employed individuals.
3. Employment/business: At least one year of work or business experience.
4. Credit score: A healthy CIBIL score, ideally 750+, improves your chances.
5. ABB rule: For some self-employed, the Average Bank Balance (ABB) must be at least 0.5x the EMI.
Your eligibility may vary depending on your profile and documentation.
To apply for a new car loan with Tata Capital, you’ll need to submit a few key documents:
1. Identity proof, such as Voter ID, Passport, Driving License, or Aadhaar.
2. Income proof, such as last three months’ bank statements, salary slips, and ITRs/audited financials (for self-employed).
3. Residence proof, such as Voter ID, Passport, Driving License, or Aadhaar.
4. Car-related documents, such as an invoice copy.
5. Your signature proof.
The exact requirements may vary based on your profile.
There are several ways to get a lower interest rate on your car loan with Tata Capital. Some of the steps you can take include:
1. Maintaining a strong credit score (750+).
2. Making a higher down payment to reduce your loan amount.
3. Choosing a shorter loan tenure.
4. Keeping existing debts low.
5. Meeting Tata Capital’s eligibility criteria.
Tata Capital may offer special car loan interest rates or customized schemes for certain customer segments, including women borrowers, professionals, or existing customers. These offers are usually announced during festive seasons or promotional campaigns and can provide more competitive terms. For the latest details on tailored rates and eligibility, please check the Tata Capital website.
When comparing new car loan offers, it’s important to look at the complete picture, not just the interest rate. Key things to check include:
Processing fees and other charges.
Loan tenure and repayment flexibility.
Prepayment or foreclosure charges.
Documentation and eligibility requirements.
Service quality and digital support.
For transparency, you should always compare offers from multiple lenders before deciding. By reviewing these factors together, you can pick the loan that truly suits your needs.
Start an SIP in minutes by signing up with the Tata Capital Moneyfy App. We are your one stop shop for all things investment.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the message to download the Moneyfy App.
Looking for a seamless loan experience? Get the Tata Capital Loan App and Apply for loans, Download Account Statement/Certificates, Track your requests & much more.
SMS sent successfully!
An SMS has been sent to XXXXXXX051
Click on the link in the message to download the Moneyfy App.
Thank you for subscribing
We will send news and updates to your registered email ID
Trust the links that start from https://www.tatacapital.com
Do not make payments in any individual’s bank accounts.
Call our Customer Care Number 1860 267 6060 for assistance
For any assistance, contact our customer support
rahul.sharma@gmail.com
Click allow button to receive notifications
