Tata Capital

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating Rate of Interest : 12.5 % to 12.75 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 7 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing  Fee 0.5%  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Tata Capital

Tata capital limited was established in 2007. Tata group is an Indian multinational conglomerate holding company. It’s headquartered in Mumbai, Maharashtra, India. It was founded in 1868 by Jamsetji Tata and gained international recognition after purchasing several global companies.There are 30 publicly listed Tata enterprises with a combined market capitalisation of about $116 billion as of March 2016.Tata Capital provides both new and used cars. Tata Capital offer customised loans. It offer these type of loans to meet the different needs of customers. Tata Capital offers loans with flexible EMIs and wider eligibility. Customers can avail of loans up to 100% of the ex-showroom price on select models from over 2000 dealers across India.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Minimum income required Rs.25,000 per month
EMIs of other loans loweryour eligibility
Pay off your credit card bills
Choose longer tenure loan up to 7 years

Rate of Interest and Other Charges for New Car Loan are following

Rate of interest for Tata capital New Car Loan:

Sno.

Loan Type

Rate Of Interest

1

New Car Loan(Floating)

12.5% to 12.75%

Existing Loan take over or New Loan

Here are some points that why you should choose Tata Capital Car Loan:

  • You can apply for a Tata Capital car loan with minimal paperwork, ensuring fast processing and quick turnaround to get your dream car immediately.
  • Tata capital funds up to 100% of the ex-showroom price on selected models.
  • Tata Capital brings the trust and expertise of Tata to the world of financial services.
  • It offers you a whole range of used and new car listings from over 2000 dealers across India.
  • Tata Capital car loan eligibility encompasses car loan disbursals of higher amounts to match your growing needs.
  • From test drive to document collection and insurance, the applicant gets doorstep service for all their car related requirements for Tata Capital Car Loan.

Features of Loan

Features and benefits of Tata Capital Car loan:

  • Tata Capital car loan comes with multiple payment options.
  • These flexi car loan EMIs are ideal to match different budget plans as these plans also bring bonus or periodic increments on your regular income.
  • Tata capital car loan comes with a minimum of one year and maximum of seven years
  • Tata Capital finances passenger cars, multi utility vehicle and all imported vehicles under Flexi plans, giving you exciting pre-owned car loan options.

Documents Required for applying Car loan with HDFC Bank

  1. Age Proof (Any one from these)
  • PAN Card
  • Passport
  • Voter ID
  • Aadhaar Card
  • School or College Leaving Certificate.
  1. Identity Proof (Any one from these)
  • PAN Card
  • Passport/Voter ID
  • Aadhaar Card
  • Driving License
  1. Residence Proof (Any one from these)
  • Passport
  • Voter ID
  • Electricity Bill
  • Telephone Bill
  • Life Insurance Policy
  1. Signature Verification Proof
  • PAN Card
  • Passport
  • Aadhaar Card
  • Any Other Documents Supporting Signature Proof
  1. Bank Statement
  • Bank Statement of Last 3-6 Months
  1. Income Proof

                  For Salaried-

  • Salary Slip of Last 3-6 Months.
  • Form 16 of Last 2 years.

                  For Self Employed-

  • ITR of Last 3 Years Profit & Loss A/C Statement
  • Audited Balance Sheet for Last 3 Years