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Tata Capital Car Loan

Loanmani- Tata Capital

Tata Capital offers car loans that are designed to cater to the diverse needs of its customers. The company provides car loans for a wide range of cars, including new and used cars. With Tata Capital car loans, you can enjoy competitive interest rates, flexible repayment tenures, easy online application process, prepayment options, and balance transfer facilities. Additionally, the company provides personalized loan options and dedicated customer service to ensure a seamless and satisfying borrowing experience. Whether you are looking to purchase a small hatchback or a luxurious SUV, Tata Capital has car loans that cater to your needs. With Tata Capital car loans, you can drive home your dream car without any financial strain.

7.00 %

Advertised Rate

1 - 8 Years

Available Terms

750

Credit Score

1 L - 100 L

Loan Amount

Why Choose Tata Capital

  • Hassle-free loan application process
  • Competitive interest rates and flexible repayment tenure
  • Loan disbursal in a quick and convenient manner
  • No hidden charges or fees
  • Prepayment and foreclosure options available with nominal charges


Tata Capital Eligibility Criteria

  • Applicant must be an Indian citizen or resident
  • Applicant must be at least 21 years old at the time of application and no older than 65 years at the end of the loan tenure
  • Applicant must have a minimum annual income of Rs. 2.5 lakhs
  • Applicant must have a good credit score and credit history


Tata Capital Fees & Charges

  • Processing fee: Up to 2% of the loan amount
  • Prepayment charges: 3% of the outstanding principal amount
  • Late payment charges: 2% of the overdue amount per month
  • Foreclosure charges: 5% of the outstanding principal amount


Tata Capital Features & Benefits

  • Loan amount can be up to 100% of the car's on-road price
  • Flexible repayment tenure ranging from 12 months to 84 months
  • Quick loan approval and disbursal process
  • Minimal paperwork and documentation
  • Competitive interest rates
  • Prepayment and foreclosure options available with nominal charges


Tata Capital Required Documents

  • Identity proof: Aadhaar card, passport, voter ID, driving license, PAN card
  • Address proof: Aadhaar card, passport, voter ID, driving license, utility bills
  • Income proof: Salary slips, bank statements, income tax returns
  • Car documents: Car insurance, registration certificate, road tax receipt


FAQs on Tata Capital Car Loan

1.What is the maximum loan amount I can get for a car loan from Tata Capital?

The maximum loan amount that you can get for a car loan from Tata Capital is up to 100% of the ex-showroom price of the car.

2.What is the tenure for a car loan from Tata Capital?

The tenure for a car loan from Tata Capital can range from 12 months to 84 months (7 years).

3.What is the interest rate for a car loan from Tata Capital?

The interest rate for a car loan from Tata Capital can vary depending on various factors such as the type of car, loan amount, and your credit score. The interest rate typically ranges from 8.5% to 13.5%.

4.Can I prepay my car loan from Tata Capital?

Yes, you can prepay your car loan from Tata Capital. However, prepayment charges may apply depending on the terms and conditions of the loan.

5.Can I apply for a car loan from Tata Capital online?

Yes, you can apply for a car loan from Tata Capital online through the company's website. You will need to fill out an application form and submit the necessary documents such as identity proof, address proof, income proof, and details of the car you intend to purchase.

6.What are the documents required to apply for a car loan from Tata Capital?

The documents required to apply for a car loan from Tata Capital include identity proof, address proof, income proof, bank statements, and details of the car you intend to purchase.

7.Can I transfer my existing car loan from another bank to Tata Capital?

Yes, you can transfer your existing car loan from another bank to Tata Capital. This process is known as a balance transfer. By transferring your car loan to Tata Capital, you can enjoy lower interest rates and better terms and conditions.

8.Is it necessary to have a co-applicant for a car loan from Tata Capital?

It is not necessary to have a co-applicant for a car loan from Tata Capital. However, having a co-applicant with a good credit score can increase your chances of getting approved for a car loan and also help you get a better interest rate.

9.What is the processing fee for a car loan from Tata Capital?

The processing fee for a car loan from Tata Capital is typically up to 2% of the loan amount.

10.What are the benefits of getting a car loan from Tata Capital?

The benefits of getting a car loan from Tata Capital include competitive interest rates, flexible repayment tenures, easy online application process, prepayment options, and balance transfer facilities. Additionally, the company offers personalized loan options and dedicated customer service to ensure a smooth and hassle-free borrowing experience. Tata Capital also offers attractive deals and offers on car loans from time to time.

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