95% Car Loan Funding With Low Interest Rates (2024)

Finally found your dream vehicle but worried about the financing? A vehicle loan is just what you need.

It helps you bring home your desired vehicle quickly, without dipping into your savings or disrupting your monthly budget. A vehicle loan is financing that you can use to purchase any vehicle— from a bike to a truck. It is a secured loan, which means the vehicle itself will be the collateral.

So, you don’t have to worry about offering assets as security against your loan.

And the best part? You can repay your loan easily in comfortably monthlyinstallments for a duration of your choice.

And with Tata Capital, you can find the right loan to fit your needs. We have it all—competitive interest rates, flexible EMI options, longer repayment tenure, and more. and We are committed to helping you finance your next vehicle purchase quickly and with minimal paperwork.

That was the vehicle loan meaning. But we have different options in store for you. Let’s dive into them.

Getting a two-wheeler loan is easy. It becomes all the more convenient when you’re up-to-date with all vehicle loan information and meet the eligibility criteria. So before submitting your application form, make sure you fulfill these conditions-

• Your age must be between 21 and 65 years.
• You must be an Indian resident.
• You must have a minimum monthly income of Rs. 10,000.
• You must have a decent credit score (preferably 700 and above).
• You must have at least 1 year of residential and residential stability.

Applying for a two-wheeler loan with Tata Capital is super easy. Just follow these steps to apply online-

• Fill out thetwo wheeler loan application form on our website.
• Upload the required two wheeler loan documents.
• Click on submit.
  

That’s it. Our representative will get in touch with you and guide you through the next steps.

If you are not comfortable with the online process, you can also submit your vehicle loan application offline. All you need to do is visit your nearest TATA Capital branch, fill out the application form, and submit the required documents. You can also easily run a vehicle loan status check online.

At Tata Capital, we understand what is affordable for one might not necessarily be affordable for the other. This is why we offer two EMI options. Depending on your income and repayment capacity, you can select one that best fits your budget.

• Fixed EMI -Under this plan, the principal and interest components of the loan remain the same throughout the loan tenure.
  
  
• Flexi EMI -Under this plan, your EMIs are lower in the beginning and gradually increases with an increase in your income.
  

With exciting features, quick application process, and attractive interest rates, buying your desired two-wheeler is just a loan application away.

Follow these steps to apply for a used car loan with Tata Capital-

• Fill out theused car loan application formon our website.
• Upload the required used car loan documents.
• Click on submit.
  

That’s it. Our representative will get in touch with you and guide you through the next steps.

If you are not comfortable with the online process, you can also submit the form offline. All you need to do is visit your nearest TATA Capital branch, fill out the application form, and submit the vehicle loan documents required.

Pay your EMIs conveniently with a repayment plan that works the best for you. Choose from our two options-

• Fixed EMI -With the fixed EMI plan, your monthly installment amount remains the same throughout the loan tenure. This way, you know how much money you must set aside every month for the loan repayment and plan your monthly budget efficiently.
  
  
• Structured EMI--Expect your salary to increase in the future? Then, you must consider our Structured EMI plan. It allows you to pay lower EMIs in the beginning and gradually increase the repayment amount as your income increases.

Turn your dream into reality and become a proud car owner with Tata Capital's used car loan. Enjoy low interest rates, minimal documentation, flexible repayment plans, and a hassle-free application process.

Whether you’re dreaming of a stylish scooter or a luxury second-hand car, it’s important to determine your potential EMIs to repay your loan with ease. And the quickest way to calculate this is using an online EMI calculator. It is a digital tool that considers your loan principal amount, interest rate, and repayment tenure to calculate your potential EMI.

Here’s how you can use it-

• Open the online used car loan emi calculator.
• Enter the loan amount, interest rate, and tenure.
• Click oncalculate.
  

The calculator will automaticallycalculate your potential EMIs instantly. And if you’re not satisfied with the result, keep adjusting the parameters to arrive at a more comfortable amount.