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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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PERSONAL LOAN INTEREST RATES STARTING AT 10.99%
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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PERSONAL LOAN INTEREST RATES STARTING AT 13.50%
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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WEDDING LOAN FUNDING UP TO RS. 25 LAKHS
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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LOANS FOR MEDICAL NEEDS ON AN EMERGENCY BASIS
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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AVAIL TAX BENEFITS ON EDUCATION LOANS FOR HIGHER STUDIES
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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PERSONAL LOANS FOR ALL YOUR TRAVEL NEEDS
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 RENOVATIONS LOANS FOR YOUR HOUSING NEEDS
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 LOANS WITH INSTANT APPROVALS UP TO RS. 5 CRORES
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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CUSTOMISED SOLUTIONS FOR HOME EXTENSION NEEDS WITH TENURE UP TO 30 YEARS
Every person deserves a home to call their own. With this vision and under the Pradhan Mantri Awas Yojana Scheme, Tata Capital Housing Finance offers affordable home loans at competitive interest rates.
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UNDER THE PRADHAN MANTRI AWAS YOJNA SCHEME, AVAIL INTEREST RATE SUBVENTION STARTING AT 4%
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.
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.
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ONE STOP SHOP FOR BUSINESS FINANCING UP TO RS. 50 CRORES
LOAN AGAINST PROPERTY UP TO RS. 3 CRORES WITH FLEXIBLE LOAN TENURES
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.
Apply NowNothing 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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LOAN AGAINST PROPERTY UP TO RS. 3 CRORES WITH FLEXIBLE LOAN TENURES
Used Car Loan
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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.
Know MoreA 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.
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.
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UNLOCK THE POWER OF YOUR INVESTMENTS WITH LOAN AGAINST SECURITIES UP TO RS. 20 CRORES
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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VIRTUAL ASSISTANT
Our Used Car loan interest rates start at 15% are competitive amongst the other players in the industry. However, depending on loan eligibility, income, your Used Car and other criteria, we determine the best interest rates for your Used Car loan requirement.
When you apply for a Used Car Loan with Tata Capital, you do not have to worry about any hidden charges. Whether it is related to processing fees, foreclosure charges, or delayed EMI Payments, all information is transparently-provided for smooth processing of your Used Car.
Refinance Processing Fees: 1.75% of the loan amount or ₹ 5,000 per vehicle, whichever is higher + GST
Repurchase Processing Fees: 1.50% of the loan amount or ₹ 6,000 per vehicle, whichever is higher + GST
We offer second hand car loan amount equivalent up to 95% of the value of the used car. On select cars, we even finance 100% value of the used car.
3% on Overdue Amount per month + GST
₹ 600 for every Cheque/ Payment Instrument/ ECS Dishonour + GST
5% of the principal outstanding at the time of foreclosure + GST or ₹ 5000, whichever is higher
₹ 450 + GST
Charges will be applicable on your EMI Due date in case the account does not have an Active mandate after the exhaustion of the given post-dated cheques. This charge would be applied every month until there is an Active Mandate linked to the account.
Soft Copy – Nil
Branch walk in - ₹ 250 + GST
₹ 6,500
₹ 550 + GST
₹ 550 + GST
₹ 550 + GST
₹ 750 + GST
₹ 1000 + GST
If loan amount is less than Rs 5 lakhs (o.1% + Rs. 700)
If loan amount is more than Rs. 5 lakhs (0.2% + Rs. 700)
At Actuals
₹500 + GST
₹550
Whether you’re a salaried or a self-employed individual, you can meet used car loan eligibility by maintaining a good CIBIL score of 750 or above. However, other eligibility factors may be a little different. For instance – salaried individuals need to be between 21 and 60 years, have a minimum monthly income of Rs. 20,000 and have work stability for at least a year. On the other hand, self-employed individuals must be between 21 and 65 years of age, have an annual business income of Rs. 2 lakhs, and a stable business for a minimum of three years.
To use an online used car loan EMI calculator, you simply need to enter three inputs – the Principal loan amount you wish to borrow, the applicable rate of interest, and the desired loan tenure. Once entered, the calculator will automatically show the EMI value within seconds.
Disclaimer
The fees/charges indicated above are subject to change at Tata Capital’s discretion from time to time.
Customers who have taken a loan before April 15th 2019 need to refer to the loan agreement and schedule of charges for applicable rates.
For the definitions of the above charges, please refer to the Master Terms and Conditions sheet.
Soft copies of documents mentioned in the table above will be provided free of cost. For hard copies, please refer to the above table for the applicable fees and charges.
Imported vehicles are also funded on case-to-case basis. The lending rates are dependent on various factors including cost of funds, customer credentials, geography, asset, tenor and discounts offered in the market. Tata Capital ensures that you get a transparent and good deal at the time of availing the Used Car Loan.
The loan can be repaid through ECS, Direct debit and post-dated cheques drawn on "Tata Capital Financial Services Limited".
No, the EMI is fixed for the life of the loan. However, we offer flexible solutions to fit your requirement.
At Tata Capital, we offer Used Car Loans with multiple repayment options. Our Flexi EMIs allow you to choose a plan that suits your need as per your cash flow.
Fixed EMI
You get to choose the Used Car Loan EMI Plan that suits your cash flow. Flexible EMI plans include. Under Fixed EMI, the interest and principal component charged to you is fixed during the entire loan tenure.
EMI amount remains the same for the entire used car loan period
Ideal if
You have a consistent income
Structured EMI
Our Structured EMI option allows you to select a repayment method that suits you best
Customised EMI options as per your requirement
Ideal if
You expect your income to increase at regular intervals
It takes us 24-36 hours from the completion of documentation to sanction a used car loan.
Used car loan interest rate is the rate at which interest will be charged on the principal loan amount. Meaning, the borrower of a used car loan will be required to repay the principal amount + the applicable interest on the loan in the form of monthly EMIs.
Tata Capital has some of the most competitive second hand car loan interest rates in the market, starting at just 15%.
Besides used car loan interest rates, other charges such as the processing fee are also involved. It is a one-time fee charged by the lender at the time of loan application processing. Processing fee is non-refundable even if the loan application is rejected.
At Tata Capital, refinance processing fees is charged at 1.75% of the loan amount or Rs. 5,000 per vehicle, whichever is higher, plus GST. And the repurchase processing fee is charged at 1.75% of the loan amount or Rs. 6,000 per vehicle, whichever is higher, plus the applicable GST.
Used car loan interest rates will be charged on the principal loan amount, which will include the registration fees for some loan offerings. However, insurance of the vehicle does not form a part of the value and will have to be paid up-front.
Used car loan interest rates are one of the many charges involved in the repayment of a used car loan. If the borrower wishes to repay the entire used car loan amount in a single payment, such a foreclosure of the loan will accompany certain penalty known as the foreclosure charges.
Tata Capital charges foreclosure as 5% of the principal outstanding at the time of foreclosure plus the applicable GST or Rs. 5,000, whichever comes as higher.
When it comes to used car loans, salaried individuals who wish to purchase a car for self-use are not offered any tax exemptions as per the Income Tax Act. However, Section 80 C of the Income Tax Act states that self-employed individuals who wish to purchase a car for commercial purposes can get some respite from high used car loan interest rates. The interest to be paid in a year is eligible for tax deduction. Additionally, such individuals can also file for tax benefits on the depreciation value of the vehicle.
No, used car loan processing fee is not refundable. Lenders use this money to take technical and legal action involved in the verification of an applicant’s documents, their car’s age and make, etc. and as such, even if the loan application is rejected, the processing fee amount will not be refunded.
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