If you really think about it, it's easier getting a loan for a car than a loan for bus fare!
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  • Tata Car Finance Reviews

    • review Car Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Actually I had applied for the car loan with other bank but when I did not receive proper response from the bank for the loan, I just moved to Tata motors and I got the loan without any hassles. Tata motors delivered a good response on my loan application and I am quite happy with them for the loan process.
      Was this review helpful? 1
      , panchkula
      Reviewed on Jul 01, 2017
    • review Car Loan
      0.5 3.0/5 "Satisfactory"
      Intially, I had applied for a car loan with TATA MOTERS. Post applied I did proceed further for car loan with them. I found that their interest rate is pretty higher than other institutions which is for 15% So I dropped the plan and the good thing about them is they don't ask for so many documents, even if you don't have ITR return they will except as in case of other banks they dont accept that at all.
      Was this review helpful? 0
      , nagpur
      Reviewed on May 04, 2017
    • review Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      Tata motors approved 85% of the car loan on the total car value. The process was completed through the showroom dealer because he was the one who referred the institute. I did not visited the company not even once. Door step service was provided. Within 15 days the cheque was given to the dealer.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 14, 2016
    • review Car Loan
      0.5 5.0/5 "Blown Away!"
      Tata motors took only 3-4 working days for the car loan. Interest rate charged was 12% and the processing fee was 0.5% on the loan amount. They gave 3.5 lakhs for the loan. Documentation and verification process was smooth and also hassle free.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 26, 2016
    • review Car Loan
      0.5 5.0/5 "Blown Away!"
      Tata motors carried all the process for the car loan only once i visited the showroom . Seven days they were continuously following. The representative came and collected all the paper. Within three days the loan was disbursed. But the interest rate was 12% which is little high.
      Was this review helpful? 0
      , indore
      Reviewed on Feb 06, 2016
    • review Car Loan
      0.5 4.5/5 "Excellent!"
      Within a seven days tata motor finance disburse the car loan.Rate of interest charged was 8% and the processing fee was 5500. Documentation process was very simple. I approached them through the showroom dealer.
      Was this review helpful? 0
      , bhimavaram
      Reviewed on Jan 30, 2016
    • review Car Loan
      0.5 4.0/5 "Great!"
      I got the car loan with the TATA motor finance and the rate of interest was around 7% to 7.9%. There are no issues with them as such and everything got completed as fast as possible. Customer service is good with them.
      Was this review helpful? 0
      , pondicherry
      Reviewed on Jan 07, 2016
    • review Car Loan
      "agents are not transparent..."
      0.5 3.0/5 "Satisfactory"
      That time I was not happy with the Tata Motors Finance executives but after the communication with the manger my problem been sorted out. Car loan interest rate is affordable. Third party agents of the Tata Motors are not that good as they are not transparent to the customers.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 23, 2015
    • review Car Loan
      "There is no balance transfer option.."
      0.5 5.0/5 "Blown Away!"
      Till date never faced any flaws and pretty smooth in last three years. Tata Motors Finance processed everything on time and they were proper in each and everything. I got the car loan for 10.5% of rate. Sometimes they are not that responsive. People cannot transfer the loan and that option is not in Tata Motors.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 21, 2015
    • review Car Loan
      0.5 5.0/5 "Blown Away!"
      It was good with Tata Motors Finance. I did not had any issues with them. The process was really very fast and on the same day my loan got credited to my account. On the particular time I got my car. They have a nice customer service. Interest rate was also good for car loan. Even in future if I get a chance definitely I will go with Tata Finance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 30, 2015
    • review Car Loan
      "Normal Interest rate!"
      0.5 4.0/5 "Great!"
      My opinion about Tata Motors Finance is my car dealer helped me in taking a car loan from them. I took a loan for a used car and they evaluated the car properly to give the maximum loan amount. Interest rate is normal and they disbursed the loan amount at the earliest!
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 17, 2015
    • review Car Loan
      "quick disbursement with less paper work "
      0.5 4.0/5 "Great!"
      Within two days the car loan was disbursed from tata motor finance with the 10% interest rate with out any processing fee. They collected only the identify proof for the process.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 04, 2015
    • review Car Loan
      "Interest rate can be lowered!"
      0.5 3.5/5 "Pretty good"
      I got my car loan approved with Tata Motors Finance and they collected only required documents for the commercial vehicle loan. I am slightly dissatisfied with the high processing fees and interest rate with them. They sanctioned me the expected loan amount.
      Was this review helpful? 1
      , faridabad
      Reviewed on Sep 11, 2015
    • review Car Loan
      "Great Service.."
      0.5 4.5/5 "Excellent!"
      The Customer service is good enough.I am getting proper sms remainders 2 days before the due date for my car loan. The best thing is I got a good bargain in terms of rate of interest. I came to know about them through my car dealer.I am getting proper updates for new launch of vehicles . Getting invitation everymonth for service day from Tata Motors Finance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 03, 2015
    • review Car Loan
      "Very poor service "
      0.5 1.0/5 "Really Bad"
      I had a very poor experience with Tata Motors while I got the car loan.I came to know the difference between a private financial institute and the Bank while I got this loan.They have too many hidden charges applied within the loan.They manipulate the conditions after taking a loan.The customer service provided was poor and they are quite rude to the customer.
      Was this review helpful? 1
      , bharuch
      Reviewed on Jul 30, 2015
    • review Car Loan
      0.5 5.0/5 "Blown Away!"
      From Tata motors I availed a car loan .. Next year the EMI gets over. The customer service is also good. The interest rate what they offered me at that time is normal. The processing fee is Rs3500 which is manageable. Compared to few other banks Tata Motors is better. The car loan process was done within 10 days , only minimum number of documents were collected.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 22, 2015
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    Tata Finance is Rated as "Excellent!" by 23 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service



    Overview of Tata Motors Finance Limited

    Travel woes – people relying on public transport for commuting are extremely familiar with this feeling. Squeezing yourself into a crowded bus or arguing with a rowdy cabbie to settle for the right fare, is enough to ruin a perfect day. Not only is buying a car a solution to all your problems, but it also comes with the special joy of owning an asset. But is your dream of buying a car taking a backseat because the thought of financing it by applying for a car loan intimidates you? For those who swear by the impeccable quality of cars manufactured by Tata, Tata Motors Finance Limited offers car loan schemes for financing entire range of passenger cars and commercial vehicles, manufactured by the company (Tata).

    Tata Motors Finance Limited was established in 1957, and is a subsidiary company of Tata Motors Ltd. One of the leading car financing companies and the largest automobile manufacturer in India, it helps people realise their dream of owning a Tata vehicle. The car loan schemes offered are tailor-made to suit the varied needs of every customer. Flexible payment options, simple documentation process, quick loan disbursal and many such convenient features make the company a very popular choice amongst millions to finance their Tata cars.

    Tata Motors Finance Limited Car Loan Eligibility

    To avail finance for any commercial and personal Tata vehicle, the applicant needs to fulfil the following criteria –

    • He/she needs to be a salaried individual or self-employed individual. Partnership firms and private and public companies are also eligible to avail the loan scheme.

    • The applicant needs to be at least 21 years old.

    • The maximum age of the applicant, at the end of the loan tenure, can be 65 years.

    Documentation Required for Tata Motors Finance Limited Car Loans

    • Proof of age

    • Proof of identity issued by the government

    • Proof of residence/address and signature proof document

    • Proof of income –

      1. Salary slip, salary certificate & Form 16 or Income Tax returns for the last 2 years

      2. Bank Statements for last 6 months

      3. Statement of account for loans taken from any other financier/ letter of authority signed by all partners and copy of Partnership Deed (in case of partnership firm)

      4. Copy of memorandum, board resolution and articles of association (in case of public and private limited company)

    Apply for Car Loan Online

    Tata Motors Finance Limited Car Loan Interest

    To maximise benefits for its customers, Tata Finance offers car loans at affordable and competitive rates of interest. A determining factor in arriving at a rate of interest is individual specifications, which varies from one customer to another. The lending rates are also dependent on other factors like cost of funds, risk inherent to financing business, cost of operation, loan to value ratio, repayment tenure, geography, and usage of vehicle. Tata Motors finance ensures that you get the best deal at the time of availing the loan. One can avail a loan of up to 60% of the cost of the car, from Tata Finance, at practical rates of interest. To attain more clarity on the same, please refer to the company’s website or contact any customer care representative.

    Features and Benefits of Tata Motors Finance Limited Car Loan

    • Personalised service provided at the customer’s doorstep

    • High credibility and transparency for a fair deal

    • Simple & easy documentation

    • Quick processing and faster loan disbursal

    • Competitive rates of interest

    • No hidden charges

    • Flexible repayment options ranging from 12 to 60 months

    • Loan can be availed for up to 60% of the cost of the car

    • Minimum loan amount of Rs. 1,25,000

    Cars Manufactured by Tata Motors

    Owing to the varied demographics and socio-economic background of India, every individual has different needs/requirements and cars are no exception. Tata Motors understands this and manufactures a wide variety of cars ranging from sedans, SUVs and hatchbacks. At Tata Motors Finance you can avail a loan for buying passenger cars and commercial vehicles manufactured by the company. Tata is a proud manufacturer of cars like –


    • Bolt

    • Vista

    • Indica

    • Sedan

    • Zest

    • Manza

    • Indigo


    • Safari

    • Sumo

    • Movus

    • Venture

    • Xenon XT


    • Aria

    Frequently Asked Questions

    How can I apply for a car loan through Tata Motors Finance?

    You can apply for a loan online on the company’s official website. Alternatively, you can also SMS, email or call on the toll free number of the company (please refer to the official portal for more details on this), or visit the nearest Tata Motors Finance Ltd branch.

    What are the factors governing the interest rates offered by Tata Motors Finance Ltd?

    The interest rates are dependent on various factors like cost of operation, cost of funds, risk of financing business, loan to value ratio, repayment tenure, location and usage of the vehicle.

    Can you please provide information about repayment tenures?

    The repayment tenures can range from 12 to 60 months. Maximum tenure for commercial usage is 48 months. The applicant can submit auto debit / ECS mandates or post-dated cheques for monthly EMIs.

    What is the time taken for loan processing?

    If your application is duly filled and substantiated with all the required documents, the loan generally gets sanctioned in 48 hours.

    Is there an option of pre-closing a loan contract with Tata Motors Finance Ltd?

    Yes, there is an option of pre-closing a loan by making a full payment of the loan amount. Part payments are not accepted by the company. Pre-closure charges are applicable as per the rules of the company.

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