- Maximum repayment tenure :
Two wheelers: up to 60 months.
Four wheelers / Water Vehicle - Max. 84 months. - Second hand 2 and 4 wheeler — Age of the vehicle not to exceed 3 years
- Maximum quantum up to 90% for Individuals including NRIs (For New vehicles only and 70% for Old Vehicles.
- No third party guarantee required (up to limit Rs. 50.00 Lakh)
- Takeover facility available.
- EMI starts from Rs.1596/- per lakh
Benefits
- Low interest rate
- Minimal documentation
- No hidden charges
- No prepayment penalty
- More than one vehicle can be considered.
- High Network of dealers
- Special Scheme for Tata Motors Personal Vehicles
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
- Salaried employees
- Businessmen, professionals and farmers
- For entities other than individuals 4 times of average annual cash accrual (i.e. PAT + Depreciation) as per last two years I.T. Returns, Audited balance sheet, P&L Account filed in respective assessment years subject to a minimum DSCR of 1.25
- Directors of private and public limited companies, proprietor of proprietorship firms, partners of partnership firms.
- NRIs/PIOs
- Age: Minimum 18 years to maximum age 65 years (Entry Age)
- Maximum Loan Amount:Know Your Eligibility
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
- Starting from 8.85%
- ROI is linked with CIBIL Personal Score (in case of individuals)
- ROI is calculated on daily reducing balance.
- For More details;Click Here
Charges
- For New Four Wheeler Loan / Water vehicle Loan - 0.25% of limit, Min Rs. 1000/-, Max. Rs. 5000/-.
- For New Two Wheeler Loan / 2nd hand vehicle (both 2/4 wheelers) - 1% of the Loan amount, Minimum Rs. 500/- and Max. Rs. 10000/-
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
For Individuals
- Proof of identity (any one):
PAN/ Aadhar Card/Passport/Driver Licence/Voter ID
- Proof of Address (any one):
Passport/Driver Licence/Aadhar Card/ Latest Electricity Bill/Latest Telephone Bill/Latest Piped gas bill/House tax receipt.
- Proof of Income (any one):
- For salaried:
Latest 6 Month Salary/Pay Slip and two year ITR/Form16.
- For Self-employed:
Last 3 years ITR with CA certified Computation of Income/Profit & Loss Account/Balance Sheet/Capital Account Statement
For other than Individuals
- KYC of Partners/Directors
- PAN Card copy of Company/Firm
- Regd. Partnership Deed/MOA/AOA
- Certificate of incorporation as applicable
- Account statement for last 12 months
- Firm’s Audited Financials for last 3 years
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
This is preliminary calculation and is not the final offer
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