Tata Capital New Car Loan

1. Up to 100% of the invoice value of the car will be provided as a loan. 

1. The repayment tenure is up to 7 years. 

1. Loans are offered at attractive interest rates. 

1. Minimal documents need to be submitted. 

1. The maximum loan amount that will be provided is Rs.50 lakh. 

How to Apply for a Tata Capital New Car Loan?

The process that must be followed to apply for a Tata Capital new car loan is mentioned below: 

1. Visit the official website of Tata Capital. 

1. The application form must be filled out. Details such as the monthly income, contact number, and name must be entered. 

1. Next, the relevant documents must be uploaded. 

1. Once the documents have been uploaded, the verification process will be initiated. 

1. If the verification is successful, the loan application will be approved instantly. 

1. On approval, the loan amount will be disbursed to your bank account. 

Tata Capital New Car Loan Eligibility Criteria

The eligibility criteria that must be met to avail a new car loan from Tata Capital are mentioned below: 

Salaried Employees

1. You must be between the ages of 21 years and 60 years. 

1. Your yearly income must be at least Rs.3 lakh. 

1. You must have been employed for at least a year. 

1. For a better chance of getting the loan approved, your credit score must be at least 700. 

Proprietorship

1. You must be between the ages of 21 years and 65 years. 

1. You must be a proprietor. 

1. Your business should be at least one year old. 

1. Your minimum income in a year must be Rs.3 lakh. 

1. For a better chance of getting the loan approved, your credit score must be at least 700. 

HUFs/ Partnerships/ Others 

1. You must be between the ages of 21 years and 65 years. 

1. Your business should be at least one year old. 

1. Your minimum income in a year must be Rs.3 lakh. 

1. The ABB must be at least 1.5 times the EMI of the loan. 

1. For a better chance of getting the loan approved, your credit score must be at least 700. 

Documents Required

The list of documents that must be submitted when you apply for a new car loan from Tata Capital are mentioned below: 

Self-Employed Individuals 

1. Proof of business 

1. Signature proof 

1. Proof of income 

1. Proof of address 

1. Proof of identity 

Salaried Employees 

1. Proof of income 

1. Proof of address 

1. Proof of identity 

Tata Capital Car Loan Charges and Limits

The different fees and charges that are levied by Tata Capital on its new car loan are mentioned below: 

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