TATA Finance

TMF helps you to own your Tata Car, for both personal & commercial usage with flexible repayment options ranging up to 5 years Driven by Trust of over 2 million customers; we offer finance schemes to suit your needs. Choose your Dream car - Be it Tata Nano, Vista, Manza, Safari, FIAT vehicles or any other TATA vehicle.
 

TATA Finance Car Loan

Car Loans are extremely popular in the country. This Loan helps people commute very quickly so, if you want to buy a car without any savings, you can apply for TATA Finance Car Loan. We are offering you a loan at affordable rates of interest. TATA Finance is one of the largest finance company in the market. If you are looking for Car Loan, we are ready to provide you a Loan with easy repayment options. 
 

TATA Finance Car Loan Highlights

  1. Personalized service at your doorstep
  2. Transparent & fair deal
  3. Simple & easy documentation
  4. Quick processing & sanctioning
  5. Competitive rates
  6. No hidden charges
  7. Flexible repayment options ranging from 12 to 60 months

 

TATA Finance Car Loan Interest Rates 

New Car Interest Rate

Amount Less than 3 lacs 

  • Interest Rate 10.25 to 10.15
  • Average 10.5

Amount 3 – 6 lacs

  • Interest Rate 9.50 to 10.25
  • Average 9.75

Amount 6 – 10 lacs

  • Interest Rate 9.25 to 9.75
  • Average 9.5

Amount  10 – 20 lacs

  • Interest Rate  9.10 to 9.65
  • Average - 9.35

More than 20 lacs 

  • Interest Rate  8.90 to 9.25
  • Average – 9

 

Used Car Interest Rate & Loan Against the Car 

  • Interest Rate  13% – 16%
  • Average   14%

 

TATA Finance Car Loan Tenure 

  • New Car Loan –  Minimum 2 year - Maximum 7 year
  • The used car loan and Loan against the car – Minimum 2 year - Maximum 4 year

 

TATA Finance Car Loan Charges  

  •  Pre-closer charges – 0 – 2.5%
  •  Processing Fee – 0 to 3 %

Special Note: Banks do not provide Car Loan to bad credit holder, but one can fulfill their money requirement with Gold Loan easily.

 

TATA Finance Car Loan Eligibility 

For Salaried

  1. Age - Minimum 21 years; Maximum60 years  Note: time of maturity of the loan 
  2. Income - Minimum Income in metro city 22k; In a rural area 16k; In an urban area 18k
  3. Work Experience - Minimum of 2 years of total experience
  4. Must have completed one year of service in the current job
  5. Residence Stability - Two years in the city; One year in the current residence or should be residing in the own house
 
Self-Employed
  1. Age - Minimum 30 years (25 years with co-applicant); Maximum 60 yrs at the time of maturity of the loan
  2. Income Proof - Minimum ITR 2 lacs
  3. Business Stability - 2 years of minimum business stability mitigated with proof
  4. Residence Stability - Two years in the current city; One year in the current residence or should be residing in the own house
 

Documents Required For TATA Finance Car Loan

For Salaried
  1. Firstly two passport size photos of the applicant
  2. Secondly identity proof required includes-  PAN card / Driving License / Passport / Voter Id / Aadhar card 
  3. Thirdly residence proof required documents like - Electricity Bills/ Water Bills / Rental agreements  /Driving License/ PAN card / Voter Id / Aadhar card 
  4. Next income Proof of Latest 3 months salary slip
  5. Also the latest six months banking statements
 
Self-Employed
  1. Firstly two passport size photos of the applicant
  2. Secondly identity proof required includes -  PAN card/Driving License / Passport / Voter Id / Aadhar card 
  3. Thirdly residence Proof document like Electricity Bills / PAN card/ Water Bills / Rental agreements / Voter Id / Aadhar card / Driving License
  4. Moreover business proof involves Minimum ITR 2 lacs.
  5. Also the latest six months banking statements.
 

Addition Documentation For Car Loan

If the Borrower wants to take a car loan by pledging land then he/she required:
Firstly, Land Proof -  the Borrower should have land proof by his/her name
Secondly, The minimum land requirement of 4 acres.
 

How to Check Car Loan Eligibility?

To be eligible for a car loan, The applicant must qualify against a specific set of expectations of eligibility criteria. For instance, TATA Finance Car Loan , moreover eligibility to avail car loan is dependent upon the following factors like-
 
  1. Firstly, Borrower must be an Indian citizen.
  2. Secondly, the minimum applicant age  21 yrs as well as older than 60 yrs at loan maturity to avail car Loan.
  3. Thirdly, He/she must have a good annual income that properly demonstrates his/her capacity for loan repayment the amount he borrows.
  4. Besides that,  the applicant must have secure employment working current job status of one year as well as regular income in the account.
  5. More importantly, he must possess a mobile number that marks his address and the occupation of that address for an expected duration of time.
  6. Besides that, the borrower should have some source of income.
  7. After that, the monthly income of the applicant should be Rs. 18k minimum.
  8. Moreover, the borrower should be in the business for two years.
  9. After that, the borrower should be from two years in employment as well as from 1 year in the same company.
  10. Finally, CIBIL scores of the borrower should be more than 750. 

 

How to Apply for TATA Finance Car Loan

  1. Firstly visit www.dialabank.com
  2. Secondly, Fill the online application form 
  3. Thirdly, Enter the basic information in the above application form.
  4. After that, For more information call 7707861526 or 60011600 with your city code.
  5. The process is very easy and simple.

 

FAQ

Ques.  Does Dialabank charge me for its services?

Ans: No, Services by Dialabank come to you free of cost.

Ques. A Best online platform for availing TATA Finance Bank Car Loan?

Ans: Firstly Dialabank is the best platform to get a loan through. Secondly, they provide you hassle-free process as well as the low rate of interest in the market as compared to others.

Ques. How much processing fee for TATA Finance Bank Car Loan?

Ans: Processing fee started at 0 -3%.

Ques. In TATA Finance Car Loan can I avail EMI facility?

Ans: Yes, he /she can avail Term Loan with EMI as repayment type for the tenures of 2 years to 7 years.

Ques. Whom do I contact for more details?

Ans: Call us (enter area code) 600-11-600 or 7707861526 for more details.

Ques. How much funding can I expect in terms of the car loan?

Ans: Firstly this factor differs from bank to bank. Besides that, few banks offer the complete 100% funding.

Ques. Can I change my car loan tenure?

Ans: Yes, you can change the tenure as well as the amount of the loan. But this would imply that the interest rate and the amount of installment will change accordingly.
 

Ques. Can I transfer my car loan to another person?

Ans: If you have sold are or trying to sell your car to someone else, you may be able to transfer your loan to the buyer as well. However, the person to whom you want to move the loan must be approved by your lender and pass a credit check.
 

Q. What is a TATA Finance car loan?

A car loan is borrowing money that a lender such as a bank or non-banking financial company provides an individual allowing purchasing a car. With the increased popularity of car loans, most banks and NBFCs offers the loan individuals who have a good credit history.
 

Q.  A loan to purchase a used car?

Yes, a car loan is offered for pre-used cars. The interest rate for a used car would differ from a new car. The loan would only cover the price of the vehicle itself, other costs as the transfer of registration, etc. will have to borne by you.
 

Q. The benefits of applying for a car loan with Dialabank?

When you apply for a car loan with Dialabank, we provide you with all available options based on the information you provide us. You get the complete list of lenders who, suit your specific requirement you can compare the various loan options based on tenure, interest rate, maximum loan amount.
 

Q. What is the maximum amount of loan that I can avail?

The maximum loan amount is up to 90-95% of the ex-showroom price of the car on new cars and 80-85% on used vehicles.
 

Q. What is the tenure of a car loan?

The tenure of a car loan ranges from 1 year to 7 years. The shorter the car loan tenure, the higher is the EMI payable and the reverse is true for longer car loan tenures.
 

Used Car Loan EMI Calculator

SIP Calculator
EMI Calculator SIP Calculator
 

Call us on 600 11 600 (Single Number across 18 Cities)

Delhi | Mumbai | Kolkata | Bangalore | Hyderabad | Ahmedabad | Chandigarh | Jalandhar | Ludhiana | Chennai | Pune | Jaipur | Lucknow | Baroda | Surat | Indore | Coimbatore | Bhopal