You get to choose the Used Car Loan EMI Plan that suits your cash flow. Under Fixed EMI, the interest and principal component charged to you is fixed during the entire loan tenure.
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Personal Loan
Personal Loans at Tata Capital are unique and flexible. We offer quick and easy finance at competitive interest rates. Our Personal Loan is built around your needs. Who says you can’t have it easy? With us, all it takes is a click.
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Overdraft Loan
Need instant cash for those unexpected needs? Tata Capital offers Personal Loan Overdraft facility with the flexibility to withdraw funds as per your need and pay interest only on the utilized amount.
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Marriage Loan
A marriage today comes with its fair share of frills, thrills and not to mention - Bills. A Personal Loan for Wedding enables you to pay for anything related to your special day. We help you find a loan that fits your budget in a timely manner and make your fairy-tale wedding come to life.
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Medical Loan
In times of emergency, getting funds should be a hassle free experience. Tata Capital,s Medical Loan provides flexible repayment options for all cosmetic, medical and dental procedures. With us, you can rest easy knowing your medical expenses are covered.
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Education Loan
Tata Capital offers Education Loans to help students pay their tuition fees and living cost when they are looking to take the next steps in their education, both in India and abroad.
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Travel Loan
Want to fund your vacation but falling short on funds? An EMI based Travel loan can be an ideal way to pay for a holiday that you can’t quite cover in one go. Head off on your next adventure. Our Travel Loan is simple, easy and fast!
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Thinking of revamping your home? We help you do just that with our Personal Loan for Home Renovation. Whether you want to remodel your kitchen or turn your children’s bedroom into a magical fairy land, our Home Renovation Loan facility will help in giving your home a new look.
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Home Loan
If you’re a first-time home buyer, looking to expand your existing home, or just thinking to live rent-free for all your life, Tata Capital's Home Loan is the ideal solution to all your home loan requirements. Our Home Loans are quick and easy and are available at an attractive interest rate.
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Home Extension Loan
As the years go by and your family continues to grow, does your house feel smaller? Tata Capital’s Home Extension Loan is a perfect solution to help you give your family that additional space they deserve.
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Affordable Housing Loan
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PMAY
The PMAY is a Government backed Credit Linked Subsidy Scheme (CLSS) wherein the mission is to provide affordable housing for all by the year 2022. The PMAY scheme offers its beneficiaries with subsidy, where the Pradhan Mantri Awas Yojana interest rate is charged at a subsidised or reduced rate than regular housing loans. This is done to make it possible for everyone to afford a home.
Business Loan
Whether you want to revamp your business, launch a new store, buy new machinery, increase working capital or outperform your competitors. Tata Capital Unsecured Business Loans offer you customised loans to suit your business plan.
Apply NowONE STOP SHOP FOR BUSINESS FINANCING UP TO RS. 50 CRORES
LOAN AGAINST PROPERTY UP TO RS. 3 CRORES WITH FLEXIBLE LOAN TENURES
Used Car Loan
Opting for a Used Car Loan is a smart, value-for-money purchase. Tata Capital offers Used Car Loans upto Rs. 50 lakhs for a wide collection of cars ranging from hatchbacks & SUVs to premium sedans. Your favourite car is just a click away.
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Nothing matches the thrill of owning your brand new bike. Tata Capital offers Two Wheeler Loans for you to own the bike of your choice. We offer up to 100% funding on your new motorcycle or scooter.
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With Loan Against Securities (LAS) from Tata Capital, you can unlock the potential of your investments. All you have to do is pledge your equity shares, mutual funds, bonds or securities and get access to instant liquidity. We offer LAS with zero foreclosure and prepayment charges.
Apply NowUNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
Loan Against Securities
With Loan Against Securities (LAS) from Tata Capital, you can unlock the potential of your investments. All you have to do is pledge your equity shares, mutual funds, bonds or securities and get access to instant liquidity. We offer LAS with zero foreclosure and prepayment charges.
Apply NowUNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
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As one of the leading Indian Investment Managers, Tata Asset Management Limited understands that managing wealth is as important as the creation of it. View their range of investment solutions for financial planning & wealth creation.
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A better and more comfortable lifestyle is now within your reach. Tata Capital’s Consumer Durable loan covers 100 + lifestyle products from that giant TV to the home theatre system. We offer 0% interest on most of the consumer durable products and are the one-stop solution for your every needs.
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At Tata Capital, we understand your insurance needs and offer Insurance policies that provide protection against any unforeseen risks. Tata Capital has solutions to cater to your various needs - you can avail any of the Online Insurance policies with just a few clicks!
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Tata Capital provides easy Microfinance Loans available at attractive interest rates. Avail a loan up to Rs. 2 lakhs through a simple process with minimal documentation. Get flexible tenures up to 36 months and repay your Microfinance loan EMI as per your convenience.
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PERSONAL LOAN INTEREST RATES STARTING AT 10.99%
Overdraft Loan
PERSONAL LOAN INTEREST RATES STARTING AT 13.50%
Marriage Loan
MARRIAGE LOAN FUNDING UP TO RS. 35 LAKHS
Medical Loan
LOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS
Education Loan
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Travel Loan
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HOME RENOVATIONS LOANS FOR YOUR HOUSING NEEDS
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HOME LOANS WITH INSTANT APPROVALS STARTING AT 8.95%
Home Extension Loan
CUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS
Affordable Housing Loan
UNDER THE PRADHAN MANTRI AWAS YOJNA SCHEME, AVAIL INTEREST RATE SUBVENTION STARTING AT 4%
Loan Against Property
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PERSONAL LOAN INTEREST RATES STARTING AT 10.99%
Overdraft Loan
PERSONAL LOAN INTEREST RATES STARTING AT 13.50%
Marriage Loan
MARRIAGE LOAN FUNDING UP TO RS. 35 LAKHS
Medical Loan
LOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS
Education Loan
AVAIL TAX BENEFITS ON EDUCATION LOANS FOR HIGHER STUDIES
Travel Loan
Home Renovation Loan
HOME RENOVATIONS LOANS FOR YOUR HOUSING NEEDS
Home Loan
HOME LOANS WITH INSTANT APPROVALS STARTING AT 8.95%
Home Extension Loan
CUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS
Affordable Housing Loan
UNDER THE PRADHAN MANTRI AWAS YOJNA SCHEME, AVAIL INTEREST RATE SUBVENTION STARTING AT 4%
Business Loan
ONE STOP SHOP FOR BUSINESS FINANCING UP TO RS. 50 CRORES
Loan Against Property
LOAN AGAINST PROPERTY UP TO RS. 3 CRORES WITH FLEXIBLE LOAN TENURES
Loan Against Securities
UNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
Loan Against Securities
UNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
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As one of the leading Indian Investment Managers, Tata Asset Management Limited understands that managing wealth is as important as the creation of it. View their range of investment solutions for financial planning & wealth creation.
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EMI is a short form for Equal Monthly Instalments. Used car loan EMI is the amount that you need to pay every month towards the repayment of your used car loan at the applicable interest rate over a fixed tenure. Purchasing a used car on EMI distributes the loan principal + interest amount over a period that you are comfortable with for convenient loan repayment.
Before purchasing a used car on EMI, consider the following questions carefully.
Proceed with your purchase of a used car with EMI option only after answering these 3 hows as it will help you customise your loan wisely for a smooth repayment experience.
When you purchase a used car with EMI option, you need to answer the following questions to arrive at the right EMI value –
How soon do you want to pay off your used car loan?
Are you alright with dragging your used car loan for years or do you want to close it as soon as possible? If you want to close your loan sooner and have the means to do so, then pay a higher downpayment and choose a short tenure.
How much can you afford to pay in a month?
If you do choose a short tenure, you will have to pay higher EMI amount every month. If you have a high income and a stable source, you can buy a used car on EMI by paying a higher EMI amount. To understand your affordability, take into account your EMI amount and other monthly obligations and weigh them against your monthly income.How much of an interest are you comfortable with?
Do you wish to pay low interest in your used car loan? Then you need to opt for a short tenure because a longer tenure means higher interest outgo. However, a shorter tenure would mean higher EMIs every month. Based on your current income and future expectations (of a raise), you can answer this question.
We understand that choosing the right EMI option can seem overwhelming and even challenging. To have a budget-friendly and comfortable EMI repayment experience, you can choose from our pre-designed EMI plans.
Fixed EMI plan
You can pay off your principal amount and used car loan interest on the loan in a consistent manner over the fixed tenure. The EMI amount remains unchanged under the standard plan. This plan is ideal for those with a consistent income that is unlikely to change in the future.
Structured EMI plan
Enjoy the flexibility to customise your EMIs. Under the step-up flexi EMI plan, you can pay lower EMIs initially and gradually pay more with an increase in income. This plan is ideal if you expect your income to rise in the near future.
The monthly amount that you need to pay on the purchase of a used car with EMI option depends upon the loan principal you borrow, the interest applicable on the loan, and the period for which you borrow the loan.
Use an online used car loan EMI calculator to arrive at a suitable EMI value.
When you buy a used car with EMI option, you can make the EMI payments in the following two modes –
Online Payment – Make your EMI payments online, through our website, from your desktop or mobile, anytime and from anywhere.
Drop a Cheque – When you purchase a used car on EMI, you can even select a nearby branch and drop a cheque at your convenience.
The loan can be repaid through ECS, Direct debit and post-dated cheques drawn on "Tata Capital Financial Services Limited".
You can prepay the loan, if you are closing it fully. However, we do levy a prepayment charge. For more details, view our service charges.
The most common method is to purchase a used car on EMI. Meaning, to repay a used car loan via the monthly instalment method wherein Equal Monthly Instalments or EMIs can be made within the specified tenure. The loan EMI will be equal to the principal loan amount plus the applicable interest amount on the loan.
To find out the EMI amount in advance, you can take help of fast and easy online tools such as the used car loan EMI calculator.
Multiple used car loan EMI options are available for a smooth repayment experience. You can choose from –
Fixed EMI plan – wherein the monthly EMI value remains unchanged. Suitable if your monthly income is consistent.
Flexi EMI plan – wherein the monthly EMIs can be customised. Suitable if your monthly income is likely to increase in the future.
Based on your used car loan eligibility and capacity, you can find out your EMI value by using an online used car loan EMI calculator and then purchase your pre-owned car with the EMI option that best suits your needs.
Yes, you can prepay your used car loan, provided you prepay it fully. Moreover, prepayment of used car loan will accompany certain charges known as the prepayment charges. Before you purchase your used car on loan, make sure to check with your lender about the used car loan charges.
Not once your loan ha