• Tata Finance

    Tata Finance offers car loans at attractive interest rates with a repayment tenure of up to 84 months. Up to 100% of the on-road price of the car may be financed by Tata Finance. The process to apply for a car loan from Tata Finance is very simple and approval process is quick.

    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 car 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)

    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

    Tata Finance FAQs

    1. How can I apply for a car loan through Tata Motors Finance?
    2. 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.

    3. What are the factors governing the interest rates offered by Tata Motors Finance Ltd?
    4. 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.

    5. Can you please provide information about repayment tenures?
    6. 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.

    7. What is the time taken for loan processing?
    8. If your application is duly filled and substantiated with all the required documents, the loan generally gets sanctioned in 48 hours.

    9. Is there an option of pre-closing a loan contract with Tata Motors Finance Ltd?
    10. 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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