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Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure

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Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required

What is a Loan On Used Car?

Are you facing an unexpected financial requirement? Do you need cash quickly to fund an emergency? We've got you covered. Get instant access to funds with Tata Capital's loan on used car and deal with all your big-ticket expenses conveniently without dipping into your savings. From personal emergencies to business requirements, our multi-purpose loan on used car or loan on used car can be used for any of your sudden requirements.

With Tata Capital, you can also avail of a top-up loan on existing car loans. Now, you can easily deal with all your emergencies at affordable car top-up loan interest rates. What's more? You get to enjoy minimal documentation and a quick application process. Apply for a top-up loan on an existing car loan with Tata Capital today.

  • Loan on Vehicle Amount

    ₹1,00,000 – ₹50,00,000

  • Loan on Vehicle Tenure

    Up to 72 months

  • Loan on Existing Car Interest Rate Starting at

    12.99% onwards

Advantages of Loan On Used Car

Flexible Tenure for Loan On Used Car

You have the freedom to repay your Loan On a car over a period of 72 months.

Quick Processing for Loan On Second-hand Car

With minimal paperwork and a quick online application process, you can get your loan in no time. You just need to fill in our application form, and we will take care of your loan request. Whether you're looking for a short-term Loan On Used Car, you can get access to credit instantly with Tata Capital.

Flexi EMI Options for Top-Up Loan on Used Car Loan

Our Flexi EMI Loans allow you to repay your loan according to your convenience. You can choose a tenure that best fits your requirements to repay your loan on used car comfortably.

Competitive interest rates for a Loan On old cars

Our interest rates are the best in the industry. We offer affordable rates and tools that will benefit you the most. You can also use our EMI calculator to calculate your potential EMIs in advance.

Instant Online Approval

Once we successfully verify your Loan On Used Car application and documents, you will receive instant approval through our secure platform. We will also sanction and disburse the loan amount directly to your bank account to ensure you enjoy a quick and hassle-free application process.


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Eligibility for Loan against Used Car

Like every other loan, loans for used cars have their own eligibility criteria. While it varies from lender to lender, most of them have similar requisites for people to follow. Tata Capital has easy eligibility criteria for people to fulfil so they can get a loan for used cars quickly. 

We have different criteria for different entities, such as salaried individuals or self-employed individuals. Let’s see the criteria for the different types of entities that can avail of loans now.

Eligibility criteria:

Eligibility criteria:

  • Age must be between 21 and 60

  • Minimum monthly salary of Rs 20,000

  • Minimum of one year of work experience

Eligibility criteria:

  • The Applicant must be the proprietor of the business

  • Age must be between 21 and 65

  • Business must be in existence for at least three years

  • Minimum income of 2 lakhs per annum

Eligibility criteria:

  • Either the applicant or the partner must have a minimum income two lakhs per annum

  • Three months’ bank statements

  • ABB should be 0.5x the EMI

Eligibility criteria:

  • Minimum income of 2 lakhs per annum

  • Three months’ bank statements

  • ABB should be 0.5x the EMI 

  • As you can see how straightforward the eligibility criteria are, you can make an informed decision much more easily now. Furthermore, with the different options available, you can choose one that suits your situation or explore alternatives too.

Pre-approved offers for new customers

Almost every category of loan has pre-approved offers. Whether it be personal loans or home loans, these pre-approved offers act as major incentives for customers to avail of loans. 

The good news is that apart from existing customers, new customers can avail of pre-approved offers for used car loans too. This can be useful for reasons such as the following:

Interest rates

Because interest rates are of primal importance when it comes to choosing a loan, better interest rates can make repayments easier. With loans against car eligibility pre-approved offers, you can avail of a used car loan at competitive interest rates that are the best in the market. 

Quicker processing and disbursement times

No one likes to wait a long time to know if their loans are processed. Generally, the quicker the process, the happier the customer will be. With pre-approved offers, this can be made a reality. Priority is given to such initiatives as this would make the application process much faster than the standard process. 

So if you are ever in a hurry or would like to move things quickly, you can always shop around for pre-approved offers with us.

Other benefits

Sometimes, the benefits of pre-approved loans go beyond money. They can include other products, too, such as a free credit score check or even availing of insurance alongside the loan. Such initiatives can be helpful if you’d like more than just the loan, especially if you intend to save money.

Tata Capital, too, offers such pre-approved offers on loans. Get in touch with us online or through a phone call, and we’ll brief you in on more details.

How to avail credit with Tata Capital's Loan On Used Car?

When it comes to availing of a loan, your car can be your asset too. With Tata Capital's car top-up loan, you can pledge your car as collateral and avail of an instant Loan On Used Car to meet your financial requirements. That's right. Availing of a Loan On a used car has never been easier.
Here's how-

  • Refinance

    Car refinance enables you to avail of credit against your car. Through car refinancing, you can raise quick funds by pledging your car as collateral. Tata Capital allows you to Refinance a car top-up loan on an existing finance-free car to meet your personal expenses/working capital requirement.


    When you refinance a car top-up loan with Tata Capital, you can get up to 90% of your Car value.

  • CNC- car and cash

    CNC is a top-up car loan program where we take over the loan of your existing car, and you will receive cash in hand to meet your personal or business requirements. In this option, Tata Capital will fund up to 180% of the Car Value.

  • Multiplier

    A multiplier is a one-of-its-kind hybrid top-up car loan program where you can secure funds up to 250% of your Car Value. This will depend on a good CIBIL score and a clean repayment history.

  • Repurchase

    A used car, a pre-owned vehicle, or a second-hand car is a vehicle that has previously had one or more retail owners. Such cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, leasing offices, auctions, and C2C transactions.


    Re-purchase is a transaction where you buy a car from another customer or a Used Car dealer. In such a situation, Tata Capital will fund up to 100% of the value of the Car. For premium segment cars, we fund up to 110% LTV. In this option, the car ownership will get transferred.

How to apply for a Loan On Used Car loan with Tata Capital?

With Tata Capital, you can easily apply for a loan online or offline. You can also avail of a top-up on a car loan. All you need to do is fill out the online application form or visit your nearest branch, submit the required documents for verification, and receive the funds directly in your bank account. To apply for Tata Capital's Loan On Used Car, all you need to do is follow the simple steps of the application process.

Application Process


Online Application

You can easily avail of a Loan On Used Car online by filling out an application form. This form includes your personal as well as financial information.


Document Submission

Whether you're availing of finance against cars or top-up loans on a car, you'll have to submit minimal documentation for the application process. The documents required will depend on your type of employment- salaried or self-employed.



After you submit the Loan On existing car application and documents, we will verify them to process your request.



After we successfully verify your application and find no discrepancies, you will receive instant approval for your loan on used car.


Loan Disbursal 

After we approve your LAC or top-up loan on an existing car loan request, we will sanction your loan and disburse the amount directly to your bank account. That's it! You can now use the loan amount to find all your big-ticket expenses.

Payment Options

    Pay online

    You can pay your Loan On existing vehicle EMIs through our website or using your mobile anytime and anywhere. 

    Drop a cheque

    For an offline approach, you can select a nearby Tata Capital branch, write a cheque, and drop it off at your convenience. 

What our customers say about us

I am totally satisfied from your service. Thank you for funding me when I required.


Used Car Loan | 02 May, 2024

I appreciate your service and cooperation during the COVID period, especially for providing sufficient time to pay the balance.


Used Car Loan | 25 April, 2024

I've had a great opportunity to obtain a loan from Tata Capital without any delays or issues. I'll definitely refer my friends or relatives if they're interested.


Used Car Loan | 13 April, 2024

I am highly obliged by the resolution provided by you people. Really appreciate your help and cooperation. Thanks a lot. God bless you.


Used Car Loan | 13 April, 2024

It's great Experience with the Tata Capital as you solved my issues on time. So I am happy


Used Car Loan | 26 March, 2024

The executive provided exceptional assistance through the Tata Capital helpline. Her professionalism and expertise were evident from the moment I reached out for assistance. Not only did she patiently address all my queries, but she also went above and beyond to ensure that I fully understood the options available to me. Her friendly demeanor and willingness to help made the entire process smooth and stress-free. Thank you for the outstanding service!


Used Car Loan | 07 March, 2024

I’m very much happy with the service of Tata capital thanks


Used Car Loan | 29 January, 2024

Thanks a ton for the quick service and response to close matter i really appreciate , keep the good work . All the very best and really Tata Capital would be pride organisation to have you.


Used Car Loan | 27 January, 2024

All the employees of Tata Capital work very well. very good service.


Used Car Loan | 15 January, 2024