Tata Capital Used Car Loan

The Tata Capital Used Car Loan makes owning a second-hand car easy and affordable. It offers loan coverage of up to 95% of the car’s value, minimal documentation, and flexible EMIs, providing a convenient way to finance hatchbacks, SUVs, or premium sedans.

You can get a loan amount ranging from ₹1 Lakh to ₹50 Lakhs with tenures between 12 and 72 months. Interest rates start at 10.75% p.a., ensuring transparent costs with no hidden charges. With quick fund disbursal, Tata Capital provides a reliable and efficient solution for financing your used car.

Tata Capital Used Car Loan interest rates are competitive and transparent. This makes it easier to finance your pre-owned vehicle with flexible repayment options.

Disclaimer: The details mentioned above are subject to change at the lender’s discretion.

Use the Tata Capital Used Car Loan EMI Calculator to plan the borrowing smartly. By entering your loan amount, tenure, and interest rate, you can calculate your monthly EMI, total interest payable, and repayment schedule. This helps you choose an affordable plan before applying for your loan.

A used car loan from Tata Capital offers flexible eligibility criteria, making it accessible to a wide range of borrowers. You can review the key requirements based on your employment type and the lender’s policies before applying. 

For Salaried Individuals 

• Your age needs to be between 21 and 60 years

• You need to have a minimum monthly income of ₹25,000 

• You need to have at least 1 year of work experience 

For Self-employed Individuals

• Your age needs to be between 21 and 65 years

• Your business should be operating for at least 2 years

• Your minimum income needs to be at least ₹3 Lakhs per annum

For Self-employed Individuals (Partnership) 

• Either the business or the individual partner needs to have a minimum income of ₹3 Lakhs per annum

• Your Average Bank Balance (ABB) should be at least half of the monthly EMI amount

For Self-employed Individuals (Others) 

• Your minimum income needs to be at least ₹3 Lakhs per annum

• Your Average Bank Balance (ABB) needs to be at least 0.5 times the EMIs

Applying for a Tata Capital Used Car Loan is hassle-free with minimal paperwork. You need to provide a few essential documents for loan approval, listed below: 

Getting a used car loan from Tata Capital is quick and convenient. You can apply for used car loan in a few simple steps, listed below: 

1. Visit the official Tata Capital website and click on ‘Loans for You’ from the top menu 

2. Select ‘Vehicle Loan’, then ‘Used Car Loan’, and click on the ‘Apply Now’ button

3. Select the loan type, and enter your mobile number to receive an OTP for verification

4. Click “Proceed” to continue with the application

5. If you do not receive the OTP, use the “Resend Now” link or “Get OTP via Call” to receive it by phone

You can continue filling in your details and submit the application after OTP verification to complete the process. Make sure all personal and financial information is accurate to avoid delays. Review the entered data carefully before submission, and keep any reference numbers or confirmation emails for future tracking. 

The process usually takes a few minutes, and you may receive a notification once your application is successfully submitted.

Tata Capital provides flexible and affordable loan solutions for pre-owned cars, making ownership simpler and stress-free. Key benefits of second hand car finance include:

• High Loan Amount: Borrow up to ₹50 Lakhs, based on eligibility, giving you the freedom to select your preferred car

• Flexible Tenure: Repay over a period of up to 72 months, with EMIs designed to suit your budget

• Competitive Interest Rates: Enjoy attractive rates starting at 10.75% per annum, reducing your overall borrowing cost

• Minimal Documentation: Complete a simple, paper-light online application for faster processing

• Quick Disbursal: Receive funds within 24–36 hours of approval, enabling a timely car purchase

• Multiple Repayment Options: Pay via cheques, online transfers, or flexible EMI plans

• Flexi EMI Plans: Opt for standard or step-up EMIs to align repayments with your cash flow