Tata Motor Finance Car Loan

Used Vehicle Loan from Tata Motor Finance - Features

1. Can be used to buy pre-owned vehicles that are up to 12 years old at the time of loan maturity.
2. The minimum amount of loan that you can avail under this category is Rs.75,000.
3. Tenure can be enhanced to up to 60 months depending on the credit assessment.
4. Tata Motor Finance will offer support for RTO formalities.
5. The loan disbursal process is quick, and the documentation required is minimal.
6. The instalments for the loan can be remitted in any branch of the Tata Motor Finance, through credit or debit card, or through Netbanking.

Medium & Heavy Commercial Vehicle Loan - Features

1. Can be availed by all kinds of commercial customers such as large/medium/small size fleet owners, partnership/proprietorship firms, trusts, schools, etc.
2. Maximum repayment tenure offered is 60 months.
3. Financing solutions are customised as per customer requirements.
4. Fleet Upkeep Loans are offered for the fleet maintenance but can be availed only after a satisfactory repayment track of 12 months.
5. The sanctioned amount will be released to the dealer/vendor selling the vehicle.
6. Assistance will be offered for purchasing the vehicle.

Small & Light Commercial Vehicle Loan - Features

1. Can be used to purchase small & light vehicles for commercial use.
2. Offers up to 100% flexible finance.
3. Stamp charges and processing fees will be charged as applicable.
4. Funding will be provided based on net discount price.
5. Loan will be sanctioned within 2 working days post submission of all the documents.
6. After loan disbursal, a copy of the Registration Certificate (RC) needs to be submitted within 90 days at any branch of Tata Motor Finance.

Tata Motor Finance Car Loan EMI Calculator

How to Apply for a Vehicle Loan from Tata Motor Finance

To apply for a vehicle loan from Tata Motor Finance, please follow the below-given steps:

1. Visit the official website of Tata Motor Finance at - https://www.tmf.co.in/
2. Select the category of loan you want to avail from the options which are - Passenger Vehicle Loan, Used Vehicle Loan, Medium & Heavy Commercial Vehicle Loan, and Small & Light Commercial Vehicle.
3. Once you select the desired category, you can click on the 'Apply for Loan' button.
4. You will be redirected to a new page where you will have 3 options to choose from - Loan for Buying a Vehicle, Loan Against Existing Vehicle, and Transfer Existing Loan.
5. Select the option 'Loan for Buying a Vehicle' and then click on 'New Vehicle' or 'Used Vehicle'.
6. After you choose the relevant option, you will be directed to the further process of loan application.

A good credit score can help you secure lower interest rates on loans and credit cards.

Get Free Credit Score