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Avail Instant Loan Against Car

Get an instant loan against car with Tata Capital and access funds quickly, without having to sell or stop using your vehicle. Secure a loan of up to Rs. 50 lakhs on a used car with a flexible tenure of up to 72 months and competitive interest rates. The application process is straightforward with minimal documentation and quick disbursal. In case you 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

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Eligibility Criteria for Loan Against Used Car

  • Age must be between 21 and 60

  • Minimum monthly salary of Rs 25,000

  • Minimum of one year of work experience

Documents Required for a Loan Against Car

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

  • 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
     

For more details, refer to our dedicated page for documents required for a loan against car.

How to Apply for a Loan On a Used Car?

    1

    Online Application

    You can easily apply for a loan against a used car online by filling out an application form on our website. This form includes your personal as well as financial information.

    2

    Document Submission

    Whether you're availing of loans against cars or top-up loans, 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

    Upon submission of the application form and documents for a loan against used car, we will verify them to process your request.

    4

    Approval

    You will receive instant approval for your loan on a car once we successfully verify your loan application and find no discrepancies.

    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 fund all your big-ticket expenses.

    Features of Loan Against Used Car

  • Flexible Tenure for a loan against 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

    You can get an instant loan against car with minimal paperwork and a quick online application process. You just need to fill out our application form, and we will take care of your loan request. If 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 options allow you to repay your loan according to your convenience. You can choose a tenure that best fits your requirements to repay your loan against 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.

Loan Against Car Options Offered by Tata Capital

When it comes to securing 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 against car to meet your financial requirements. That’s right. Getting 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 on your existing car and, in return, give you cash in hand to meet your personal or business needs. 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.

     

    Repurchase 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 car value. For premium segment cars, we fund up to 110% LTV. In this option, the car ownership will be transferred.

Pre-approved offers for new customers

Almost every category of loan has pre-approved offers. Whether it is personal loans or home loans, these pre-approved offers are major incentives for customers to take loans.
 

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

  • Instant disbursal

  • Minimal documentation

  • Attractive interest rates

  • Better deals

  • Convenience

  • Improved financial planning

  • Higher approval rates

Customer Reviews & Testimonials

Tata Capital is one of the leading financial companies in India. I'm happy about my financial relationship with you.

RISHABH GAUTAM

Used Car Loan | 26 Aug, 2025

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Thanks, Tata Capital, for understanding. Your support means a lot. I’ll definitely recommend you to those in need.

NEELAM NITIN SONI

Used Car Loan | 07 Aug, 2025

starstarstarstarstar

All services are excellent.Thanks to Tata Capital and team.

SAMIR YUSUFBHAI KHOKHAR

Used Car Loan | 23 Jul, 2025

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