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.
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.
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.
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.
If you do not meet the set criteria for a Tata Capital Loan, you can increase your eligibility by:
Tata Capital has an intelligent calculator on their official website which helps you easily determine whether you are eligible for a loan or not.
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.
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