TATA Finance Car Loan Key Features
| TATA Finance Car Loan Interest Rate | 7.50% |
| TATA Finance Car Loan Processing Fee | 0.5% of the Principal amount |
| 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). |
| 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 loan at a regular rate of interest against the loan.
Advantages of TATA Finance Car Loan
TATA Finance Car Loan Eligibility
The car loan eligibility requirements are as followed:
| Salaried Individual |
|
| Self-Employed Individuals |
|
| Self-Employed Non-Individuals (Company/Partnership) |
|
| Priority Customers |
|
TATA Finance Car Loan Interest Rate, Fees and Charges
| Charges | New Car Loan | Used Car Loan |
| Interest Rate | 7.50% 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
Documents required for car loan are as followed:
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 of a Car Loan. Thus, you can easily check through the link below:
TATA Finance Car Loan Types
TATA Finance avails its customers of many types of financial products, and Car Loan is one among them. Car Loan is also of various types such as:
- New Car Loan – Applicant willing to buy a new car can go for this loan with a repayment period of 7 years.
- Used Car Loan – Applicants can even get a loan for buying any used car with a loan tenure of 7 years
- Loan Against Car – Individuals looking for quick fund allocation can get a loan against their owned car by keeping it as collateral.
TATA Finance Car Loan Pre Calculated EMI
| Loan Amount | 2 Years | 3 Years | 5 Years | 7 Years |
| 1 Lakh | ₹ 4,480 | ₹ 3,090 | ₹ 1,982 | ₹ 1,512 |
| 3 Lakh | ₹ 13,439 | ₹ 9,270 | ₹ 5,947 | ₹ 4,535 |
| 5 Lakh | ₹ 22,398 | ₹ 15,450 | ₹ 9,912 | ₹ 7,559 |
| 10 Lakh | ₹ 44,795 | ₹ 30,900 | ₹ 19,825 | ₹ 15,117 |
How to Apply for TATA Finance Car Loan?
- Fill the application form on Dialabank’s official website.
- One of our Relationship Managers will contact you soon and guide you to the best car loan deal.
- Enjoy free guidance throughout the loan process with no hidden cost.
- Dialaank is the best financial option to avail car loan.
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 a Car Loan from TATA Finance?
Use Dialabank for a 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?
7.50% is the regular car Loan interest rate charged by TATA Finance.
✅ How to Check Car Loan status in TATA Finance?
Use the 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 the Car Loan of TATA Finance.
✅ What is the maximum loan amount I can avail myself on a 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 a 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 the Processing Fee applicable on TATA Finance Car Loan?
The 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 myself 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 a 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 loans.
✅ How can I get NOC from TATA Finance for a car loan?
Complete all your outstanding payments related to the Car Loan for getting your NOC from TATA Finance.
