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What is a Used Car Loan?

Looking for the best way to finance your second-hand car? Whether you're eyeing a hatchback, an SUV, or a premium sedan, a loan makes for the best financing option. With a used car loan, you can bring home your desired ride without dipping into your savings. 

At Tata Capital, we offer loans for a wide range of second-hand cars, so you don't have to compromise on your dream vehicle. You can avail of a loan for up to 95% of your car value. What's more? You get to enjoy flexible EMI repayment options and quick disbursal of funds which makes Tata Capital the best choice for taking car loans for used cars.

From budget-friendly models to luxury cars, you can easily finance any second-hand car purchase with a Loan up to ₹50 lakhs from Tata Capital. We offer loans with minimal and easy documentation and competitive interest rates. 

Disclaimer: Car Loans are brought to you by Tata Capital Financial Services Limited ("TCFSL") and are at its sole discretion. The indicative interest rates mentioned on the website only pertain to loans availed for cars which are for personal use. For loans for cars which are for commercial use, interest rates may differ. Interest rates may differ from time to time at the discretion of TCFSL. Terms and conditions apply.

Know more about our offerings

Key Features

Loan Amount

₹1,00,000 - ₹50,00,000

Loan Tenure

12 - 72 months

Interest rate starting at

12.99%

Advantages

Flexible Tenure:

Avail of a car loan for a second-hand car for up to 72 months and repay at your own pace.

Quick Processing:

With Tata Capital, you can get access to second-hand car finance in no time. All you need to do is fill out a simple online application form and leave the rest to us.

Flexi EMI Options:

We strive to provide you with maximum convenience. This is why we extend car loans for used cars at flexible EMI options

Competitive interest rates:

Our pre-owned four-wheeler loan is easy on your pocket. With Tata Capital, you get second-hand vehicle finance at the best interest rates in the market. 

Flexible Tenure:

Avail of a car loan for a second-hand car for up to 72 months and repay at your own pace.

Quick Processing:

With Tata Capital, you can get access to second-hand car finance in no time. All you need to do is fill out a simple online application form and leave the rest to us.

Flexi EMI Options:

We strive to provide you with maximum convenience. This is why we extend car loans for used cars at flexible EMI options

Competitive interest rates:

Our pre-owned four-wheeler loan is easy on your pocket. With Tata Capital, you get second-hand vehicle finance at the best interest rates in the market. 

Application Process

Online Application

Apply from the comfort of your house. Fill out and submit the application form online.

Explore dealership

Walk into a used car dealership associated with Tata Capital.

Document Submission

Tata Capital’s representative at the dealership will help you submit the required second-hand vehicle finance documents.

Scrutiny and Verification

After you submit the loan application and documents, we will verify the information.

Approval

Once we successfully verify your documents, we will approve and sanction your request.

Drive Away

Receive your second-hand car finance amount directly in your bank account and take home your desired second-hand car.

PAYMENT OPTIONS

PAY ONLINE

You can pay your used car loan EMIs through our website or using your mobile, anytime and anywhere. 

DROP A CHEQUE

Select a nearby branch, write a cheque, and drop it off at your convenience. 

6 Reasons to Choose Us for Taking a Used Car Loan 

Minimum paperwork

With Tata Capital, you don't need to go through lengthy paperwork to get used car finance. Moreover, you can apply online for greater convenience.  

Flexible Repayment

Our flexible loan allows you to select a repayment plan at your convenience. You can choose from a range of options like ECS, post-dated cheques, and online payment to repay your loan. 

Competitive interest rates

We only want to deliver the best experience to our customers. This is why our interest rates are the best in the industry. 

Higher loan eligibility

With Tata Capital, you can avail of second-hand car finance as high as Rs. 50 lakhs.

Minimum documents

We ask for minimal documents while processing your used car finance request.

Instant online approval

After we successfully verify your information, you will receive instant approval for your used car finance request through our secure platform.

What is Used Car Loan?

Buying a second-hand car has multiple benefits. It is not only easy on the pocket but has a slower depreciation rate and offers tension-free drive 24x7. But what if your desired pre-owned car does not fit your budget? This is where used car loan financing comes in.  

 

It is a very convenient way to finance the purchase of a second-hand car. Availing of finance for used cars helps you pay for your favourite car without straining your finances. 

 

It is a smart and economical way to fund your purchase. With Tata Capital's used car finance, you can fund anything from hatchbacks to SUVs to premium sedans. Avail of up to 95% of your car value from Tata Capital. Apply today and enjoy flexible EMI repayment options and quick disbursal of pre-owned car finance.

 

Don't let a lack of funds stop you from bringing home your dream car. Get finance up to ₹50 lakhs with Tata Capital. Our loans also come with minimum documentation and affordable interest rates. Your favourite Car is just a click away.

Why Should You Take a Used Car Loan?

Availing of second-hand car finance allows you to pay for your desired car conveniently without dipping into your savings. Here's how:

  • High loan principal: Get a car loan for used cars for an amount as high as Rs. 50 lakhs.
  • Competitive interest rates: Enjoy interest rates as low as 12.99% onwards, the best in the market.
  • Flexibility: Choose a loan tenure and repayment plan for your car loan based on your budget.
  • Quick processing and minimal paperwork: With our quick second-hand car loan application process, you will receive the loan amount in you