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Avail Instant Loan Against Car

Get an instant loan against a car with Tata Capital and drive home a pre-owned vehicle effortlessly. Avail a loan on a used car of up to Rs. 50 lakh with flexible tenure of up to 72 months and competitive interest rates. Enjoy a hassle-free process with minimal documentation and quick disbursal. Need extra funds? Opt for a top-up loan on an existing car loan at affordable interest rates and manage your financial needs with ease. Apply today!

  • Loan on Vehicle Amount

    ₹1,00,000 – ₹50,00,000

  • Loan on Vehicle Tenure

    Up to 72 months

  • Loan on Existing Car Interest Rate Starting at

    10.75% 

    View Rates & Charges

Features of Loan on Used Car

Flexible Tenure for Loan On Used Car

You have the freedom to repay your Loan On a car over a period of 72 months.

Quick Processing for Loan Against Car

With minimal paperwork and a quick online application process, you can get your loan in no time. You just need to fill in our application form, and we will take care of your loan request. Whether you're looking for a short-term Loan On Used Car, you can get access to credit instantly with Tata Capital.

Flexi EMI Options for Top-Up Loan on Used Car Loan

Our Flexi EMI Loans allow you to repay your loan according to your convenience. You can choose a tenure that best fits your requirements to repay your loan on used car comfortably.

Competitive Interest Rates for a Loan On Used Cars

Our interest rates are the best in the industry. We offer affordable rates and tools that will benefit you the most. You can also use our EMI calculator to calculate your potential EMIs in advance.

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Eligibility Criteria for Loan Against Used Car

  • Age must be between 21 and 60

  • Minimum monthly salary of Rs 20,000

  • Minimum of one year of work experience

Documents Required for a Loan Against Car

To apply for a loan against a car, you must meet the eligibility criteria. Once eligible, you need to submit the following documents to complete your application process-
 

  • Identity Proof: Voter ID, Passport, Driving License, or Aadhaar Card
  • Income Proof: Last three months' bank statements, Income Tax Returns (ITR), or audited Balance Sheet and Profit & Loss Statements
  • Employment Proof: Salary slips for the last three months
  • Residence Proof: Voter ID, Passport, Driving License, or Aadhaar Card
  • Vehicle Documents: Copy of the Vehicle Registration Certificate
  • Signature Proof: Copy of your signature along with supporting proof

How to Apply for a Loan On a Used Car?

1

Online Application

You can easily avail of a Loan On Used Car online by filling out an application form. This form includes your personal as well as financial information.

2

Document Submission

Whether you're availing of finance against cars or top-up loans on a car, you'll have to submit minimal documentation for the application process. The documents required will depend on your type of employment- salaried or self-employed.

3

Loan On existing car

After you submit the Loan On existing car application and documents, we will verify them to process your request.

4

Approval

After we successfully verify your application and find no discrepancies, you will receive instant approval for your loan on used car.

5

Loan Disbursal 

After we approve your LAC or top-up loan on an existing car loan request, we will sanction your loan and disburse the amount directly to your bank account. That's it! You can now use the loan amount to find all your big-ticket expenses.

How to Avail Credit with Tata Capital's Loan Against Car?

When it comes to availing of a loan, your car can be your asset too. With Tata Capital's car top-up loan, you can pledge your car as collateral and avail of an instant Loan On Used Car to meet your financial requirements. That's right. Availing of a Loan On a used car has never been easier.
Here's how-

  • Refinance

    Car refinance enables you to avail of credit against your car. Through car refinancing, you can raise quick funds by pledging your car as collateral. Tata Capital allows you to Refinance a car top-up loan on an existing finance-free car to meet your personal expenses/working capital requirement.

     

    When you refinance a car top-up loan with Tata Capital, you can get up to 90% of your Car value.

  • CNC- car and cash

    CNC is a top-up car loan program where we take over the loan of your existing car, and you will receive cash in hand to meet your personal or business requirements. In this option, Tata Capital will fund up to 180% of the Car Value.

  • Multiplier

    A multiplier is a one-of-its-kind hybrid top-up car loan program where you can secure funds up to 250% of your Car Value. This will depend on a good CIBIL score and a clean repayment history.

  • Repurchase

    A used car, a pre-owned vehicle, or a second-hand car is a vehicle that has previously had one or more retail owners. Such cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, leasing offices, auctions, and C2C transactions.

     

    Re-purchase is a transaction where you buy a car from another customer or a Used Car dealer. In such a situation, Tata Capital will fund up to 100% of the value of the Car. For premium segment cars, we fund up to 110% LTV. In this option, the car ownership will get transferred.

Pre-approved offers for new customers

Almost every category of loan has pre-approved offers. Whether it be personal loans or home loans, these pre-approved offers act as major incentives for customers to avail of loans. 

The good news is that apart from existing customers, new customers can avail of pre-approved offers for used car loans too. This can be useful for reasons such as the following:

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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Know more about Used Car Loans

Abhi office jaane mein no jhig-jhig. Turn your aspirations into reality and enjoy a hassle-free ride now. Upgrade your daily ride journey with easy used- car loans. Apni khwahish puri karo with Tata Capital used car loans!

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Eligibility and Documents required for Used Car Loan

Eligibility and Documents required for Used Car Loan

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