Online New Car Loan
- Up to 100% funding of the car’s invoice value
- Flexible repayment tenures of up to 84 months
- Attractive interest rates
- Minimal documentation


Tata Capital offers an affordable new car loan at competitive interest rates starting from 9.49%. You can avail of car finance up to Rs. 50 lakhs to drive home your dream hatchback, sedan, or SUV without burdening your savings. Enjoy up to 100% funding of your car’s value with flexible Equated Monthly Instalment (EMI) options for tenures up to 84 months (7 years). What’s more? Our new car loans have minimal documentation requirements.
So, wait no more. Apply for a Tata Capital online car loan today - from the convenience of your home.
Maximum Loan Amount
Up to ₹ 50 lakhs
Loan tenure
Up to 84 months
Interest Rates
starting from 9.49%
Visit our car loan EMI calculator page to check out a more detailed breakdown of EMI calculations and explore different scenarios regarding EMIs.
Loan amount
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Loan duration
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Monthly EMI
Total Amount Payable
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Total Amount Payable
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We offer the best car loans with simple eligibility criteria and minimal documentation. Our eligibility criteria differ for different types of applicants, including salaried and self-employed individuals.
The applicant must be at least 21 years old at the time of loan application and no more than 60 years old at the time of loan maturity.
The applicant must have a minimum annual salary of Rs. 3 lakhs.
The applicant must have a minimum of one year of experience.
The applicant must have a credit score above 700 for a higher chance of approval.
Note : Check your credit score on our credit score page here.
For salaried individuals:
Identity proof: Driving license/Aadhaar Card/Voter’s ID/PAN Card/Passport
Address proof: Driving license/Aadhaar Card/Voter’s ID/Passport
Income proof: A copy of your salary slips for the last three months
For self-employed individuals:
Identity proof: Driving license/Aadhaar Card/Voter’s ID/PAN Card/Passport
Address proof: Driving license/Aadhaar Card/Voter’s ID/Passport
Income proof: A copy of your Income Tax Returns (ITR), Audited Balance Sheet, and Profit and Loss statements for the last two years, along with bank statements for the last three months
Signature proof: A copy of your signature along with signature proof
Business proof (in case of partnership): A copy of your company's registered Partnership Deed/Certificate of Incorporation for public and private limited companies, including Memorandum and Articles of Association, along with a copy of the Commencement of Business certificate.
Note: Visit our documents required for a new car loan page for more details about which documents you need to submit for loan approval.
A new car loan at Tata Capital carries an affordable interest rate starting at 9.49%. The other charges you need to pay during the loan application are explained in the table below.
This is a charge for late EMI payments, calculated based on the number of days your EMI remains unpaid.
3% per month on the overdue amount + applicable taxes
These are those charges that are levied in case of an EMI bounce per instance. In other words, these charges are levied when you miss a loan EMI payment due to inadequate funds in your bank account.
Rs. 600 per instrument per instance
Charges will be levied if a new mandate form is not registered within 30 days from the date of rejection of the previous mandate form by the borrower’s bank for any reason whatsoever.
Rs. 450
Type of Fee | Applicable Charges |
---|---|
Foreclosure charges/Part Payment on Term Loan Facility | These charges are applied if you choose to repay your entire/part of the loan before the end of your loan tenure.
Within 12 months of the date of first disbursement - 6% on the principal outstanding
After 12 months from the date of first disbursement - 5% on the principal outstanding amount |
Statement of Accounts charges | This is a charge applied for providing a physical copy of the Statement of Account – a statement having a list of all transactions made in your loan account during a given period.
Customer portal – Nil Branch walk-in – Rs. 250 |
Loan Cancellation Charges | This is a charge applied if you request loan cancellation after the cooling-off period.
Rs. 6500/- |
Duplicate NOC Charges | This is a charge applied for issuing a duplicate No Objection Certificate (NOC) when the original is lost or misplaced.
Rs. 300 |
Stamp Duty | This is a government-mandated fee required for legally registering your loan agreement. At actuals |
Broken Period Interest | This interest is charged for the period between the loan disbursal date and the first EMI due date.
At Actuals |
NACH / PDC Charges | This is the processing fee for setting up or handling National Automated Clearing House (NACH) mandates or Post-Dated Cheques (PDCs) for EMI payments.
Rs. 500/- |
Documentation Charge | This fee is collected for processing and verifying loan-related documents.
Up to Rs. 1999 |
NOC for conversion of private to commercial registration | This charge is for issuing an NOC when converting vehicle registration from private to commercial.
Rs. 1999 + GST |
Charges for Repossession of Vehicle | This cost is incurred by the lender for recovering the vehicle in case of loan default.
Rs. 22000/- |
PDD Charges | This charge is applied for managing the Registration Certificate (RC), including document storage, administrative handling, and record management. |
Charges for delay in RC hypothecation | This is a penalty for failing to update the Registration Certificate with hypothecation details within the deadline.
Rs. 1000/- per month till the time of registration/noting with the authority, where RC hypothecation is pending beyond 120 days post-disbursement. |
Note: GST, other government taxes and levies as applicable, will be payable on all fees and charges.
With Tata Capital, you can apply for a car loan online or offline according to your convenience. All you have to do is visit our website or your nearest Tata Capital branch. The step-by-step process to apply for the loan is as follows:
1. Step 1: Fill out an application form: Visit Tata Capital’s website and fill out a car loan application form by entering your basic details, such as name, contact number, monthly income, etc.
2. Step 2: Submit the required documents: You can submit the required documents by uploading them to our website. The list of documents required may depend on your employment type and may include your PAN card, Aadhaar card, bank statements, etc.
3. Step 3: Verification: Once we receive your car loan application and the required documents, we will initiate a verification process to check the authenticity of the documents submitted.
4. Step 4: Approval: Once we find zero discrepancies in your documents, we will approve your car loan application instantly. You can check the approval status of your loan application on our website.
5. Step 5: Loan disbursal: Upon approval, we will disburse the car loan amount directly to your bank account within a few working days. You can use this amount to pay for your dream car.
6. Step 6: Make the required payment: You can make the EMI payments online on Tata Capital’s website or mobile application using NetBanking, debit card, credit card, or UPI. Alternatively, you can drop a cheque at your nearest Tata Capital branch to pay your car loan EMIs.
Whether you are an existing Tata Capital customer or a new customer, you can avail of exclusive pre-approved offers when applying for a new car loan with us. These pre-approved offers entail better interest rates, lower disbursement time, and several other benefits.