Used Car Loan

Used Car Loan - Drive Your Dream Car Today!

Get the financing you need to purchase a quality used car at competitive rates. We offer flexible terms, low interest rates, and easy approval processes.

What is a Used Car Loan?

A Used Car Loan is a financial product designed to help you purchase a pre-owned vehicle. Whether it's for your first car or an upgrade, we offer flexible loans that cater to your budget and needs.

Used Car Loan Eligibility

The eligibility for securing a used car loan depends on whether you're a salaried individual or self-employed. Below are the criteria for each category.

Salaried Individuals

Age between 21 and 60 years
Minimum monthly salary of ₹25,000
At least 1 year of work experience

Self-Employed Individuals

Age between 25 and 65 years
Minimum annual income of ₹3,00,000
At least 2 years of business or professional experience

Features & Benefits of a Used Car Loan

Tata Capital offers well-structured used car loans for pre-owned vehicles, tailored to your specific needs. Here are the key features and benefits:

High Loan Amount: Finance up to ₹50 lakhs, depending on eligibility
Flexible Tenure: Repayment period of up to 72 months
Competitive Interest Rates: Starting at 10.75%* per annum (flat-rate)
Minimal Documentation: Simple process with easy online application
Quick Disbursal: Loan amount credited within 24–36 hours post-approval
Multiple Repayment Options: Pay via cheques, online modes, or structured EMIs
Flexi EMI Plans: Choose from standard or step-up EMIs to suit your cash flow