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up to Rs. 1 Crore

  • Attractive ROIs
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for all asset classes

  • Up to 100% financing
  • No additional collateral required

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  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer

Get Used Car Loan Up to ₹50 Lakhs*

Looking for the best way to finance your second-hand car? Whether you're eyeing a hatchback, an SUV, or a premium sedan, a loan makes for the best financing option. With a used car loan, you can bring home your desired ride without dipping into your savings.
 

We offer loans for a wide range of second-hand cars, so you don't have to compromise on your dream vehicle. You can avail of a loan for up to 95% of your car value. What's more? You get to enjoy flexible EMI repayment options and quick disbursal of funds which makes Tata Capital the best choice for taking car loans for used cars.
 

Disclaimer:  Used Car Loans are at the sole discretion of Tata Capital Limited (TCL).Terms and conditions apply

  • Loan Amount

    ₹1,00,000 - ₹50,00,000

  • Loan Tenure

    12 - 72 months

  • Interest rate starting from

Eligibility Criteria for Pre-Owned Car Loan

The pre-owned car loan eligibility will depend on whether you’re a salaried individual or a self-employed individual. You can check eligibility for a used car loan here-

 

Salaried Individuals must meet the following used car loan eligibility criteria–

  • You must be between 21 and 60 years of age.

  • Your minimum monthly salary must be Rs. 20,000.

  • You must have a minimum of one year of work experience.

Used Car Loan Interest Rates

In case of a Personal Loan, where the amount is approved and advanced without collateral, your CIBIL score becomes a critical eligibility criterion. Typically, a CIBIL score above the 700 mark is considered good and attracts easy approval.

If you don't know your Credit Bureau Score and are wondering, you can visit the below link for a free bureau report. We got you covered!

Link: https://www.tatacapital.com/check-credit-score.html 

At Tata Capital, we understand that the requirement of each customer is unique. This is why our experts ensure you get a transparent and suitable deal at low-interest rates. We offer the most competitive interest rates on our second hand car loans in the industry, starting at just 10.75%.

Documents Required for Used Car Finance

The documents required for a second-hand car loan vary depending on your employment type.
 

  • Photo Identity Proof: Voter's ID/Passport/Driving License/Aadhaar Card

  • Income Proof : Copy of your Salary account bank statements for the last three months

  • Copy of Salary Slips of the last three months

  • Proof of Residence : A copy of your Voter ID / Passport / Driving License / Aadhaar Card

  • Copy of Vehicle Registration Certificate

Calculate Your Used Car Loan

Loan amount
₹75,000 ₹35,00,000
Loan duration
1 Years 6 Years
Loan duration
12 Months 72 Months
Rate of interest
%
10% p.a 19% p.a

Monthly EMI

  • Total Amount Payable

    0*

  • Total Interest Payable

    0*

Total Amount Payable

Total Interest Payable

Features and Benefits Of Second Hand Car Loan

At Tata Capital, we offer a comprehensive used car loan designed to make your dream of owning a car a reality. Our loan features include:

Availing of second-hand car finance allows you to pay for your desired car conveniently without dipping into your savings. Here's how-

  • High Loan Amount – You can secure financing of up to Rs. 50 lakhs, which provides you with greater financial flexibility to choose a pre-owned car that best suits your needs and preferences.
  • Flexible Repayment Terms - Enjoy an extended repayment period of up to 72 months, allowing you to manage monthly payments comfortably without financial strain.
  • Competitive Interest Rates - Benefit from attractive interest rates starting at just 10.75%, making your loan affordable and easy to repay over the chosen term.
  • Easy Online Application - Apply conveniently for a used car loan with Tata Capital from the comfort of your home. Our fully digital application process is tailored for your convenience, saving you time and effort.
  • Multiple Payment Options - We offer a variety of payment methods, including online payments and cheques, so you can choose the option that best suits you.
  • Flexible Tenure : Avail of a car loan for a second-hand car for up to 72 months and repay at your own pace.
  • Quick Processing and minimal paperwork : With Tata Capital, you can get access to second-hand car finance in no time. All you need to do is fill out a simple online application form and leave the rest to us. With our quick second-hand car loan application process, you will receive the loan amount in your bank account within 24 to 36 hours of document submission.
  • Flexi EMI Options : We strive to provide you with maximum convenience. This is why we extend car loans for used cars at flexible EMI options
  • Competitive interest rates: Our pre-owned four-wheeler loan is easy on your pocket. With Tata Capital, you get second-hand vehicle finance at the best interest rates in the market. Enjoy interest rates as low as 10.75% onwards, the best in the market.
  • Flexibility : Choose a loan tenure and repayment plan for your car loan based on your budget.
     

Choose Tata Capital's used car loan for a simple, transparent, and efficient financing solution tailored to meet your needs. Drive home your dream car with ease and confidence.

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How to Apply for Pre-Owned Car Loan?
 

With Tata Capital, you can avail of an old car loan either online or offline.

    With Tata Capital, you can avail of an old car loan either online or offline.
     

    1. Fill in the application: Visit Tata Capital’s website and fill in the application form for a used car loan online.
     

    2. Visit a car dealership: Visit any car dealership associated with Tata Capital to buy a used car.
     

    3. Submit documents: Submit the necessary documents for verification.
     

    4. Approval and disbursal: Once our representatives verify your credentials, we will approve the loan request and the loan amount will be sanctioned directly to your bank account.

     

     

    Make sure you check eligibility for a used car loan before applying.

What our customers say about us

Everything went well with my loan process. Thank you.

Babu Lal Saini

Used Car Loan | 17 Jan, 2025

starstarstarstarstar

Already very good service.

MANE YUVRAJ SHIVAJI

Used Car Loan | 16 Jan, 2025

starstarstarstarstar

A very good finance company.

D SOWMIYAN

Used Car Loan | 12 Jan, 2025

starstarstarstarstar

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