TATA Finance Car Loan

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Rates as low as 8.50%*
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TATA Finance Car Loan Key Features

TATA Finance Car Loan  Interest Rate 7.35%
Min Loan Amount ₹ 1,00,000
Max Loan Amount
(Loan to Value)
100% of Ex-showroom Price
Loan Tenure Five years
Lowest EMI / Lac ₹ 1,500
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 2,00,000
Age Criteria Salaried: 21 years – 58 years
Self Employed: 21 years – 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs) and Sport Utility Vehicle (SUVs).
Processing Fee 0.5% of the Principal amount
Foreclosure Charges 4.5% of the Principal amount
Basic Documentation Salary Slip, Car Quotation, ID Proof and Address Proof

About TATA Finance Car Loan

TATA Finance is a financial provider with its base set up in Mumbai with more than 100 branches across the map. The company provides several financial products to its customers.
Rajiv Sabharwal is the CEO of the financial institution, and the parent organization is TATA Group.
It was founded back in 2007.

TATA Finance provides car loans at a regular rate of interest against the loan.

Advantages of TATA Finance Car Loan

TATA Finance Car Loan

TATA Finance Car Loan Eligibility

Salaried Individual
  • Age – Applicant should be aged between 21 to 58 years
  • Net Monthly Income – Salary of Rs.20,000 PM
  • Employment Duration – One year of employment duration minimum
  • Income Eligibility – Salary Slip and Form 16
Self-Employed Individuals
  • Age – Between 21 years to 65 years
  • Minimum ITR  – Rs.2 Lakh or even more depending on the variant
  • Employment Duration – 2 years minimum
  • Income Eligibility – Provide Latest ITRs
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 4 lakh, Rs. 18 lakhs (for selected car models)
  • Employment Duration – Minimum 3 years
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • Average Quarterly Balance – Minimum Rs.1 lakh
  • Maximum Loan Amount – 3 times

TATA Finance Car Loan Interest Rate, Fees and Charges

Charges New Car Loan Used Car Loan
Interest Rate       7.35% p.a. to 11.30% p.a.     14.80% p.a. to 16.80% p.a.
Processing fee 0.5% 0.5%
Issuance of Duplicate Repayment Schedule Charges Up to Rs.500 Up to Rs.500
Foreclosure Charges 5% of the principal outstanding 5% of the principal outstanding
Penal Interest 2% per month 2% per month
Part Payment charges 5% of the paid amount 5% of the paid amount
Cheque/Instrument Swap Charge Up to Rs.500 Up to Rs.500
Documentation Charge Up to Rs.500 Up to Rs.500
Issuance of Duplicate No Dues Certificate Charges Up to Rs.500 Up to Rs.500
Registration Certification Collection Charge Up to Rs.300 Up to Rs.300
Cheque Bounce/Instrument Return Charges Up to Rs.500 Up to Rs.500
Issuance of Duplicate Statement Charges Up to Rs.500 Up to Rs.500
Loan Cancellation/Re-booking Charges 2.5% on over and above 25% 2.5% on over and above 25%
Issuance of Credit Report Up to Rs.100 Up to Rs.100

TATA Finance Car Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof

(Any 1)

Aadhar Card
PAN Card
Driving License
Address Proof

(Any 1)

Electricity Bill
Passport
Driving License
Date of Birth Proof

(Any 1)

High School mark sheet
Passport
Birth Certificate
Signature Proof

(Any 1)

Driving License
Passport
PAN Card
Income Proof Form 16 of the last two years.
Bank Statement Bank statement of the last 3-6 months
Employment Continuity Proof Work Experience Certificate
ITR of Form 16
Salary Slip with Joining Date
Employment certificate
Letter of Relieving

Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) PAN
Aadhar Card
Driving License
Address Proof (Any 1) Driving Licence
Aadhaar Card
Passport
Electricity Bill
Voter ID
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) Passport
PAN
Bankers verification
Income Proof Salary Slips/Form 16
Bank Statement Bank statement of the last 3-6 months
Employment Continuity Proof Current Account Statement
Shop & Establishment Act Certificate
MSME Registration Certificate
VAT Certificate
Business Proof Current Account Slip
Electricity Bill
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills

Self-Employed Non-Individuals:

1. Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Passport
Aadhar Card
PAN Card
Address Proof (Any 1) Electricity Bill
Driving License
Passport
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous two years
Bank Statement Bank statement of last three months
Business Continuity Proof Shop & Establishment Act Certificate
Current Account Statement
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Additional documents Authority Letter/PAN cards

2. Private Limited/Limited Companies

Category Documents Required
Identity Proof Copy of Latest MOA
Copy of Incorporation
Copy of Latest AOA
Address Proof (Any 1)
Current Account Statement
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate
Sales Tax or VAT Certificate
Registered Lease Document with other utility bills
Income Proof ITR For last two years and Audited P&L Account
Bank Statement Bank statement of the previous 3-6 months
Business Continuity Proof Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
SSI or MSME Registration Certificate
Additional documents
Board Resolution
Certificate of Commencement of Business for Ltd. Co.
List of Directors and Shareholding Partners
PAN Card

TATA Finance Car Loan EMI Calculator

The applicant has the option to know the EMI’s before availing a Car Loan. Thus, you can easily check through the link below:

Car Loan EMI Calculator

TATA Finance Car Loan Types

TATA Finance avails its customers with many types of financial products, and Car Loan is one among them. Car Loan is also of various types such as:

  1. New Car Loan –  Applicant willing to buy a new car can go for this loan with the repayment period of 7 years.
  2. Used Car Loan – Applicants can even get a loan for buying any used car with a loan tenure of 7 years
  3. Loan Against Car – Individuals looking for quick fund allocation can get a loan against their owned car by keeping it as a collateral.

TATA Finance Car Loan Pre Calculated EMI

How to Apply for TATA Finance Car Loan?

  1. Fill the application form on Dialabank’s official website.
  2. One of our Relationship Managers will contact you soon and guide you to the best car loan deal.
  3. Enjoy free guidance throughout the loan process with no hidden cost.
  4. Dialaank is the best financial option to avail car loan from.

TATA Finance Car Loan for Top Selling Cars

Other Available Products from TATA Finance

Home Loan LAP Gold Loan
TWL Business Loan Gold Loan

FAQs for TATA Finance Car Loan

✅ What is TATA Finance Car Loan?

TATA Finance Car Loan is the loan sanctioned to customers for buying any new or used cars by keeping the same as a gage.

✅ How can I get Car Loan from TATA Finance?

Use Dialabank for swift and reliable Car Loan process with TATA Finance, and you can also apply directly with the bank itself.

✅ How does TATA Finance Car Loan work?

TATA Finance Car Loan consists of an applicant looking for buying a car and the bank providing the fund for the same by charging a minimal interest rate.

✅ What is the Car Loan Interest Rate in TATA Finance?

7.35% is the regular interest rate charged by TATA Finance on car Loan.

✅ How to Check Car Loan status in TATA Finance?

Use TATA Finance Loan Status option from the website to know your car Loan Status.

✅ How to Calculate Car Loan Interest in TATA Finance?

Use Dialabank Calculator to calculate your interest and EMI on Car Loan of TATA Finance.

✅What is the maximum loan amount I can avail on Car Loan from TATA Finance?

You can avail Loan up to 100% of the ex-showroom price of the vehicle with TATA Finance.

✅What is the loan tenure of TATA Finance Car Loan?

TATA Finance Car Loan tenure ranges from 1 year to 5 years.

✅Can I get 100% Car Loan from TATA Finance?

Yes, You can get 100% of the ex-showroom price of the vehicle car loan from TATA Finance.

✅How much is Processing Fee applicable on TATA Finance Car Loan?

Processing fee on TATA Finance Car Loan is 1% of the principal amount.

✅What are the EMI options available on TATA Finance Car Loan?

Two EMI options available on TATA Finance car Loan are step-up EMI and Balloon EMI.

✅What are the charges for Prepayment in TATA Finance Car Loan?

A minimum of 4.5% on the outstanding amount is charged as Prepayment fee in TATA Finance on the foreclosure of your Car Loan.

✅Can I get a top-up loan on my existing TATA Finance Car Loan?

Top-up on existing TATA Finance Car Loan depends upon the profile of the borrower.

✅Do I need to provide a guarantor to avail a Car Loan from TATA Finance?

No, you don’t need to provide a guarantor to avail a Car Loan from TATA Finance.

✅How to get the TATA Finance Car Loan Statement?

Use TATA Finance’s website to get a Car Loan statement online.

✅How to Pay TATA Finance Car Loan Interest Online?

Pay TATA Finance Car Loan Interest Online using Net Banking anytime from your comfort zone.

✅What if I can’t pay the interest on TATA Finance Car Loan for three months?

TATA Finance has the authority to seize your vehicle and impose fine on you for not paying EMI for three months.

✅ How can I apply for EMI Moratorium on TATA Finance Car Loan?

Apply your Moratorium request with your bank at least two days before the EMI date of your TATA Finance Car Loan.

✅What is the number for TATA Finance Car Loan agent?

Dialabank is one of the widely known agents of TATA Finance Car Loan, call on 9878981166 to know more.

✅Can I close TATA Finance Car Loan online?

Initiate your Car Loan Closure process online with TATA Finance.

✅What is TATA Finance Car Loan Customer Care Number?

Ring us at 9878981166 for any of your queries related to Loan.

✅How can I get NOC from TATA Finance for a car loan?

Complete all your outstanding payments related to Car Loan for getting your NOC from TATA Finance.

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