Tata Capital Used Car Loan 2026
Tata Capital, an NBFC, finances used cars with high funding and 6-year tenures, and also lends against a car you already own. Interest rate 10.49% onwards, loan Up to 100% of value (purchase), tenure 12 – 72 months.
Rates as of Sep 2026 · Checked 29 September 2026Tata Capital Used Car Loan at a glance
- Up to 100% funding for eligible buyers
- Tenure up to 6 years
- Loan against an existing car
- Steep foreclosure charges (5% – 6%)
- Processing fee up to 2.95%
Tata Capital used car loan interest rate & charges
| Feature | Tata Capital |
|---|---|
| Interest rate | 10.49% onwards |
| Rate details | Starting at 10.49% p.a.; your rate depends on profile, car age and model. |
| Processing fee | Up to 2.95% of loan + GST |
| Loan amount | Up to 100% of value (purchase) |
| Tenure | 12 – 72 months |
| Prepayment / foreclosure | Foreclosure / part-prepayment: 6% within 12 months, 5% after 12 months (where charges are permitted) |
| Vehicle age | Car must be no more than 10 years old at loan maturity |
| Minimum income | ₹25,000/month (salaried); ₹3 lakh p.a. (self-employed) |
Special schemes & features
Refinance of a car you already own — Tata Capital advertises up to 200% of value
Up to 100% for purchase on eligible profiles
Source: www.tatacapital.com, Sep 2026. Rates are indicative; your rate depends on your profile. Always check the Key Facts Statement (KFS) for the APR before signing.
EMI at Tata Capital’s rates
| Loan amount | EMI @ 10.49% |
|---|---|
| ₹3,00,000 | ₹7,680 |
| ₹5,00,000 | ₹12,799 |
| ₹8,00,000 | ₹20,479 |
Tenure 4 years, reducing-balance method. Total interest on ₹5,00,000 at 10.49%: ₹1,14,365.
Tata Capital used car loan EMI calculator
Eligibility
- Salaried: ₹25,000 monthly income
- Self-employed: ₹3 lakh annual income
- Car age at loan end ≤ 10 years
Documents required
- KYC: PAN and Aadhaar / passport / voter ID / driving licence
- Income proof: last 3 salary slips and Form 16, or 2 years’ ITR with financials for self-employed
- Bank statements (usually last 6 months)
- Copy of the car’s RC, valid insurance and PUC
- Sale agreement or dealer invoice / proforma
- Seller’s KYC and signed Form 29 and Form 30 for RC transfer
- If the car had a loan: previous financier’s NOC and Form 35
- Valuation / inspection report (arranged by the lender)
How to apply for Tata Capital Used Car Loan
- Check eligibilityKnow your credit score and how much EMI your income supports; get a pre-approval if your bank offers one.
- Shortlist and check the carVerify RC, pending finance, challans, service and accident history; get an inspection.
- ValuationThe lender’s empanelled valuer inspects the car; funding is a % of this valuation, not the asking price.
- Sanction and KFSCompare the Key Facts Statement (APR, fees, foreclosure terms) — it stays valid for at least 3 working days.
- PaperworkSign the loan agreement, Form 34 (hypothecation) and RC transfer forms; pay your down payment.
- Disbursal and RC updateThe lender usually pays the seller or dealer; the RC is transferred to you with the new lender’s hypothecation noted.
Tata Capital vs other lenders
| Lender | Rate | Processing fee | Tenure | EMI on ₹5,00,000 |
|---|---|---|---|---|
| PNB Used Car Loan | 9.45% – 10.55% | 0.25% of loan (min ₹1,000, max ₹1,500) + GST | Up to 5 years (60 EMIs) | ₹12,550 |
| Indian Bank Pre-owned Car Loan | 9.55% – 11.65% | As per the bank’s service-charge schedule — ask the branch | Up to 6 years (72 months) | ₹12,574 |
| ICICI Bank Pre-owned Car Loan | 9.75% onwards | 2% of loan, max ₹20,000 + GST | Up to 7 years | ₹12,621 |
| Bank of Baroda Pre-owned Car Loan | 10.20% – 12.95% | 0.50% of loan + GST (min ₹2,500, max ₹10,000 + GST) | Up to 5 years (car age from invoice + tenure ≤ 96 months) | ₹12,729 |
| SBI Pre-owned Car Loan | 10.45% – 15.60% | 1.50% of loan + GST (min ₹3,000, max ₹10,000 + GST) | Up to 5 years (car age + tenure ≤ 10 years) | ₹12,790 |
| Tata Capital Used Car Loan | 10.49% onwards | Up to 2.95% of loan + GST | 12 – 72 months | ₹12,799 |
| HDFC Bank Used Car Loan | 11.25% onwards | As per sanction — see the KFS (not published on sources checked) | 12 – 60 months | ₹12,984 |
| Sundaram Finance Used Car Loan | 12.50% onwards | About ₹2,500 (aggregator) | Up to 4 years (48 months) | ₹13,290 |
Frequently asked questions
What is the Tata Capital Used Car Loan used car loan interest rate?
Tata Capital used car loan rates start at 10.49% p.a. (as of Sep 2026). The rate you get depends on your credit score, income and loan details.
What is the EMI for ₹5,00,000 from Tata Capital?
At 10.49% for 4 years the EMI is about ₹12,799, with total interest of ₹1,14,365.
What is the processing fee?
Tata Capital: Up to 2.95% of loan + GST. GST at 18% applies on fees.
What is the maximum tenure?
Tata Capital: 12 – 72 months.
Can I prepay or foreclose the loan?
Tata Capital: Foreclosure / part-prepayment: 6% within 12 months, 5% after 12 months (where charges are permitted).
Information compiled from the lender’s published rates and reputable aggregators for comparison only. FinancePortal is not affiliated with Tata Capital Used Car Loan. Terms change — confirm with the lender.