Looking to buy a pre-owned car? Tata Capital makes it simple and affordable with flexible Used Vehicle Loan options tailored to your needs. Get financing of up to 95% of the car’s value with minimal documentation and quick approval. Enjoy attractive interest rates starting from 10.75% p.a.*, ensuring a smooth and convenient car-buying experience.
| Feature | Details |
|---|---|
| Loan Amount | Up to 95% of Used Car Value |
| Interest Rate | Starting from 10.75% p.a.* |
| Documentation | Minimal & Hassle-Free |
Looking for the best way to finance your second-hand car? Whether you're planning to buy a hatchback, SUV, or premium sedan, a used car loan makes owning your dream car easier and more affordable. With Tata Capital’s Used Car Loan, you can finance up to 95% of your car’s value without dipping into your savings. Enjoy flexible EMI options, quick loan disbursal, and minimal documentation — making it the perfect choice for comfortable and convenient financing. We offer loans for a wide range of second-hand cars, ensuring you never have to compromise on your dream vehicle.
Disclaimer: Used Vehicle Loans are at the sole discretion of Tata Capital Limited (TCL). Terms and conditions apply.
| Feature | Details |
|---|---|
| Loan Amount | ₹1,00,000 – ₹50,00,000 |
| Loan Tenure | 12 – 72 months |
| Interest Rate | Starting from 10.75% p.a. |
At Tata Capital, we customise used vehicle loans to match your financial needs. Enjoy transparent terms and highly competitive interest rates starting from just 10.75%* per annum. Benefit from minimal charges, flexible repayment options, and a seamless loan experience.
| Charge Type | Details |
|---|---|
| Interest Rate | Starting from 10.75%* p.a. |
| Processing Fees | Up to 2.95% + GST |
| Documentation Charges | Up to ₹1,999 |
| Post Disbursal Document Charges | ₹500 + GST |
| Loan Tenure | 12 to 72 months |
At Tata Capital, we customise car loans for used vehicles to suit your financial needs. Enjoy transparent terms and competitive rates starting from just 10.75%* per annum.
| Particular | Details |
|---|---|
| Interest Rate | Starting from 10.75%* per annum |
| Processing Fees | Up to 2.95% + GST |
| Documentation Charges | Up to ₹1,999 |
| Post Disbursal Document Charges | ₹500 + GST |
| Loan Tenure | 12 to 72 months |
Salaried individuals must meet the following used car loan eligibility criteria:
Self-employed individuals must meet the following used car loan eligibility criteria:
Self-employed individuals in a partnership must meet the following eligibility criteria:
For self-employed (others), the used car loan eligibility criteria include:
The documents required for a second-hand car loan vary depending on your employment type.
The documents required for a second-hand car loan vary depending on your employment type.
Tata Capital offers a well-structured financing solution for pre-owned vehicles tailored to modern buyer expectations. Our car loans for older cars combine affordability with flexibility, making ownership practical and stress-free.
Finance up to ₹50 lakhs, depending on eligibility.
Repayment period of up to 72 months.
Starting at 10.75%* per annum (flat-rate).
Simple process with easy online application.
Loan amount credited within 24–36 hours post-approval.
Pay via cheques, online modes, or structured EMIs.
Choose from standard or step-up EMIs to suit your cash flow.
Buying a second-hand car is economical, offers slower depreciation, and ensures worry-free driving. If your desired car exceeds your budget, a used car loan helps bridge the gap. Tata Capital finances hatchbacks, SUVs, and premium sedans with loans up to 95% of the car’s value, offering flexible EMIs and quick disbursal.
Once all documents are submitted, Tata Capital typically processes and disburses the loan within 24 to 36 hours, ensuring a fast and smooth buying experience.
You can repay via ECS, Direct Debit, or Post-Dated Cheques drawn in favour of “Tata Capital Limited”.
You can avail loans ranging from ₹1,00,000 to ₹50,00,000, depending on eligibility.
The maximum repayment tenure is 72 months (6 years).
Co-applicants can include your spouse, family members, or blood relatives.
No. The car itself acts as the collateral and is hypothecated to Tata Capital.
Higher income increases loan eligibility and helps secure better EMI terms. Your ability to repay monthly EMIs determines eligibility.
Processing Fee: Minimum 1.75% or ₹4,000 (Term Loan)
Overdraft: 2% of the sanctioned limit
LTV: Up to 95% for purchase & up to 200% on existing car.
NOC is dispatched within 5 working days after loan closure. CIBIL updates after 30 days.
Yes, but Tata Capital’s used car loan offers higher eligibility, lower interest rates, and financing up to 95% of the car value with 12–72 months tenure.
Not mandatory, but recommended for lower EMIs, reduced interest, and better approval chances.
You can take a loan for personal or business use—whenever you need a reliable vehicle for daily commute, emergencies, deliveries, or client meetings.
Standard EMI: Fixed EMI throughout tenure.
Structured EMI: Lower initial EMIs that gradually increase.
Income level, CIBIL score (750+ preferred), existing EMIs, and work stability.
Pay EMIs online via website/mobile, or submit cheques at any Tata Capital branch.