Tata Capital Used Car Loan: Interest Rate, Fees and Eligibility

Tata Capital Used Car Loan at a glance

Source: tatacapital.com, checked 4 October 2026.

What the EMI looks like

For a used car loan of ₹4 lakh over 4 years, here is what Tata Capital's published rates mean in rupees:

Try your own amount and tenure in the Car Loan EMI calculator.

Tata Capital Used Car Loan EMI for ₹5, ₹10, ₹15 and ₹20 lakh

The table shows the monthly EMI at 10.49% a year, the lowest rate published for this loan on the table above. Most borrowers are offered a rate somewhere in the published range, so treat these as the best case and check your own rate in the sanction letter.

Reducing-balance method. Processing fees, GST and insurance are extra. Use the EMI calculator to try your own amount, rate and tenure.

Tata Capital vs other loan providers for used car loans

Published figures from each loan provider's own website. Some loan providers publish a starting rate, some a range actually given to customers, and some only a maximum, so read the column with care and compare final offers on the APR in the Key Fact Statement.

What kind of loan provider Tata Capital is

Tata Capital is a non-banking finance company (NBFC) regulated by the RBI. NBFCs often lend to people banks may turn down, such as first-time borrowers, farmers or self-employed people with irregular income, and reach smaller towns through dealers. In return their rates and fees are usually higher than a bank's, so they suit you best when a bank loan is not available or is much slower.

Tata Group's diversified NBFC; absorbed Tata Motors Finance (CV/PV financier for Tata Motors) in May 2025

Features Tata Capital lists for this loan

• Car up to 10 years old at loan maturity
• Valuation fee Rs 750
• An older Tata Capital page states rates from 15%, 1.75% fee and 7%/6%/5% foreclosure; the rates-and-charges page is used here

Documents you will usually need

Most loan providers ask for a similar set. Tata Capital may ask for more depending on your profile.

• Identity proof such as Aadhaar, PAN, passport or voter ID
• Address proof such as Aadhaar, utility bill, rent agreement or passport
• PAN card (mandatory)
• Last 3 to 6 months of salary slips and bank statements for salaried applicants
• Last 2 years of ITR with computation, and 6 to 12 months of bank statements for self-employed applicants
• Proforma invoice or quotation from the dealer for a new car, or seller details for a used car
• Passport-size photographs and a signed application form

Before you sign with Tata Capital

• Get the Key Fact Statement (KFS). RBI requires loan providers to give you a KFS before you sign, showing the interest rate, all fees, the annual percentage rate (APR) and the total amount you will repay.
• Compare the APR, not the headline rate. A low rate with a high processing fee can cost more than a slightly higher rate with no fee.
• Ask about pre-closure charges. Fixed-rate vehicle loans often carry charges for paying early; floating-rate loans to individuals cannot.
• Check what is bundled. Insurance, extended warranty or accessories added to the loan raise the amount you pay interest on. You are free to buy insurance elsewhere.
• Make sure the hypothecation is recorded and later removed. The loan provider's name is noted on the registration certificate; after the last EMI, collect the NOC and get it removed at the RTO.

Apply on tatacapital.com or at a branch. Never pay anyone an upfront fee to "get a loan approved"; genuine loan providers deduct fees only from the loan itself.

More from Tata Capital and similar loans

Other vehicle loans from Tata Capital:

Frequently asked questions