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 Capital Car Loan Eligibility Calculator is Rated as "Excellent!" by 46 Users

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    Tata Capital Car Loan Eligibility Calculator

    Tata Capital Car Loan Overview

    Tata Capital services car loans for both new and used cars. They offer customised loans to meet the different needs of customers. You can get tailored loans to suit your repayment ability and needs. You can choose from different payment options such as bullet repayment, step down and step up. Tata Capital offers loans with flexible EMIs and wider eligibility. Customers can avail of loans up to 100% of the ex-showroom price on select models from over 2000 dealers across India.


    Tata Capital Car Loan Eligibility

    You can be eligible for a Tata Capital Car Loan with attractive interest rates if you meet certain requirements. Tata Capital has made the eligibility requirements quite wide to include a range of people. Tata Capital also requires very minimal documentation from their customers to approve the loan.

    Salaried individuals, self-employed and non-individuals are eligible to apply provided they meet the following criteria.

    • Salaried individuals need a minimum income of Rs. 2.5 lakhs total.
    • Self-employed should be earning at least Rs. 2 lakhs
    • Non-individuals which include partnership firms should be earning at least Rs. 2 lakhs.

    Factors Affecting Tata Capital Car Loan Eligibility

    Your car loan eligibility depends on a number of things. With Tata Capital, the eligibility criteria is broad, but there are a few things that might hamper your chances at availing the loan amount you want.

    • Your income plays an important role in the loan quantum you qualify for. In order to get the loan you require, you should be earning at least Rs. 2.5 lakhs for salaried employees, and Rs. 2 lakhs for others.
    • Your CIBIL score matters. When you apply for a loan, banks and financial institutions inquire about your credit score. If you have a low score, banks may be reluctant to lend to you. So keeping your CIBIL score high is important.
    • Your age is an important determinant as banks prefer that you are above the age of 21. Banks usually set a maximum age by which you should complete paying off the loan.
    • If you hold a personal loan or credit card debt and so on, this could factor into the amount of credit Tata Capital can provide you with. You may be approved for a loan but may not get the amount you require sanctioned.

    How CIBIL Score affects Tata Capital Car Loan Eligibility

    CIBIL scores are calculated by the Credit Information Bureau India Limited. These scores play an integral part in the credit segment of the banking world. They keep a track of all the good and bad you do in regards to the credit you are given from banks. When you default on your payment, it’s recorded. When you pay your bills on time, it’s taken note of. So CIBIL scores can almost always give banks a clear picture of what kind of customer you are. A low CIBIL score makes banks think that you are not an ideal customer and are not fit to be given a loan. A high CIBIL score ensures bank’s of your credibility and trustworthiness. Your application process becomes easy on both ends.

    How do you increase your eligibility for an Tata Capital Car Loan?

    If you do not meet the set criteria for a Tata Capital Loan, you can increase your eligibility by:

    • Getting a guarantor to stand as surety for you when you don’t meet the age and income requirements.
    • Adding your spouse or immediate blood relative as a co-applicant in the loan. Immediate relatives include your mother, father, sister, brother, spouse, daughter and son. Their income will be taken into account to meet the minimum income requirements. You can also enhance your loan amount by adding their income to yours.
    • Making sure you clear all your other debt. This will decrease your debt-to-income ratio and you will qualify for a larger loan sum.
    • Improving your CIBIL score by finding out why your score is low and take measures to bring it up.

    Tata Capital Car Loan Eligibility Calculators

    Tata Capital has an intelligent calculator on their official website which helps you easily determine whether you are eligible for a loan or not.

    • To use their calculator, access their website.
    • Under car loans, select your choice of new car or used car.
    • Find the tab “Check eligibility”.
    • Input your details such as income type, yearly income, car model and version and your city.
    • The calculator will generate results which give you a clear picture of the loan you are eligible for. You can view your estimated down payment, loan amount and tenure.

    The calculator generates results of your EMI and repayment structure under all the schemes they provide so that you can also compare the different schemes to choose one that suits you the best.

    Tata Capital Limited Car Loan Reviews

    • review Car Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have taken used car loan from Tata Capital, my loan application was approved and the requested amount was disbursed. The loan amount was for 1.18 lakhs with the rate of interest of 11% which is high when compared to other sources. Documents were collected door step, the customer service was good and they responded on time. The process was very smooth and easy.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Nov 15, 2017
    • review Car Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It was a good experience with TATA capital for my car loan service and the interest rate was 15.5 which is high compare to others and the documents have been submitted directly to their branch it was awesome service from TATA capital for my car loan service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 10, 2017
    • review Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I got Car loan experience with Tata capital , the service which was given by capital was excellent in regards to my car loan application. The customer support is very good with TATA capital . They just took 3 days to disburse my loan amount. The rate of interest and the charges was low with TATA CAPITAL when compared with others.
      Was this review helpful? 0
      , ramachandrapuram
      Reviewed on Oct 28, 2017
    • review Car Loan
      "Its Good"
      0.5 5.0/5 "Blown Away!"
      TATA Capital is very excellent in the car process, even customer service is good. But interest rate was quite high compared to other competitor. I purchased Hyundai I20, hence I took the amount of Rs. 2 lakhs. I am very happy with Tata Capital its excellent.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 24, 2017
    • review Car Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      I have an earlier experience with Tata Capital and it is for a car loan. The customer support was good, the tenure is till the next year. I am hoping that the services would do good after the loan is completed. The interest rate and processing charges is normal.
      Was this review helpful? 0
      , faridabad
      Reviewed on Sep 05, 2017
    • review Car Loan
      "Very good process in all"
      0.5 5.0/5 "Blown Away!"
      TATA Capital car loan process is very smooth and it is same as HDFC processing wise TATA Capital is very good. For example when I applied for the loan they did not take a long time they were taking initiative within a week my loan was disbursed and I am very much happy with the rates too.
      Was this review helpful? 0
      , kozhikode
      Reviewed on Aug 11, 2017
    • review Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The requirements whatever I had was fulfilled by TATA CAPITAL on time My experience of availing a car loan from Tata capital is very good. The way of approach is excellent, the loan amount what they offered was satisfied. I got loan approval in 4 to 5 days it was quick process the rate of interest they have offered is 9.88% which is minimal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 30, 2017
    • review Car Loan
      "Interest rate should be reduced"
      0.5 4.5/5 "Excellent!"
      TATA Capital gave me 0.2% difference on the interest rate for the car loan. I took the loan during the year 2011, they have sanctioned 100% value on the showroom the price. I had purchased TATA Nano worth around Rs. 1.85 lakhs, it got closed without any hassle. But my only concern here is the interest rate, Hdfc giving lower rate then TATA Capital. If they reduce that it would be better.
      Was this review helpful? 0
      , indore
      Reviewed on Jun 08, 2017
    • review Car Loan
      "Very helpful"
      0.5 5.0/5 "Blown Away!"
      I got the car loan from Tata capital and the interest rate was around 7.8% , which was on a floating basis. The loan amount got disbursed to my account within three days of time. Response is the best one with the Tata capital limited. Processing charges were around 4500 Rupees.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 06, 2017
    • review Car Loan
      "Satisfied"
      0.5 4.0/5 "Great!"
      I am having the car loan with the Tata capital limited and its recommended by the car dealer. Advantage with respect to the process is it very fast but the disadvantage is their huge rate of interest. Within three days of time,. the loan amount got disbursed to my account. Services are very good with the Tata capital limited.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 01, 2017
    • review Car Loan
      "Need to be focused on Customer relations"
      0.5 3.0/5 "Satisfactory"
      Tata capital processing is very slow, they told they will get back to me, but no one tried calling me. After cancelling my application, TATA gave me a call , told we tried reaching you. TATA needs to improve on their response. The customer relations has to follow the banking process.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Mar 26, 2017
    • review Car Loan
      "Good services"
      0.5 4.0/5 "Great!"
      I am happy that Tata capital limited processed my car loan and their services was very much prompt through my process. The rate of interest was around 11.99% and the processing charges was normal too. The after loan services is good and the EMI is going through smoothly.
      Was this review helpful? 0
      , pune
      Reviewed on Mar 01, 2017
    • review Car Loan
      "Company is good"
      0.5 5.0/5 "Blown Away!"
      TATA Capital car loan process is really good. They were able to process the loan with very less documents and the processing was very fast. I am holding this car loan for about 1.5 years. I had paid about 17 EMI's no hassle till date while making payment. I am not sure about the road value and nothing specific about the interest rate it is little higher than others so as the EMI.
      Was this review helpful? 0
      , guwahati
      Reviewed on Oct 28, 2016
    • review Car Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My experience with Tata capital was not good, when I took the car loan, after fore closing the loan they did not provide the documents on time and they also charged 56.66% per day delay, I paid Rs.1200 extra. I met with an accident and company was ready to give 0% depression but the institute did not give the documents on time and so not able to get the claim.They delayed more 20 days to give the NOC.
      Was this review helpful? 8
      , mumbai
      Reviewed on May 27, 2016
    • review Car Loan
      "Very good response but high rates"
      0.5 4.0/5 "Great!"
      I had taken a car loan with Tata Capital 2 years back and the loan tenure was for just 12 months. It was my first loan experience and few colleagues told me that the rate offered was high. The interest rate was 12.8%. Getting the NOC took some time since they had shifted their office but they liaised through phone and email conversations and they sent me a soft copy and the hard copy through courier as well and it was not charged.
      Was this review helpful? 0
      , pune
      Reviewed on Apr 29, 2016
    • review Car Loan
      "Hassle free process!"
      0.5 4.0/5 "Great!"
      When compared to other banks, the process was pretty quick with Tata Capital. More over the interest rate was pretty affordable by them. The entire loan process was completed within a week time including verification and disbursal. Car loan process was smooth with Tata Capital.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 29, 2016
    • review Car Loan
      "Flexibility"
      0.5 4.0/5 "Great!"
      I applied for the new car loan from TATA Capital through the showroom. The rate of interest and processing fees are very high so I happen to close my car loan within an year for which I paid 4% as my foreclosure charge. They have not provided me any flexible option for the payment also.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 21, 2015
    • review Car Loan
      "Good Experience"
      0.5 4.0/5 "Great!"
      Experience was very good with tata capital when i took the car loan as the approval was done second day after submitting the documents. Interest rate offered was flat like nearly 6% and the processing fee was very less.
      Was this review helpful? 0
      , bhopal
      Reviewed on Dec 07, 2015
    • review Car Loan
      "Satisfied..."
      0.5 3.0/5 "Satisfactory"
      Monthly the premium is about 5 thousand. I never had an issue and nothing great about them. Car loan, the rate of interest is about 10%. Tata Capital is good and total tenure for three years. Pre closure is available and I don't thing they are collecting charge for that. No interaction and no issues.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 21, 2015
    • review Car Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      The service is very good with tata capital but the interest rate is too high for the car loan . They completed the processing within 10 days . I took the loan with tata as the showroom dealer recommended .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 06, 2015
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