Star Vehicle Loan - Individuals


  • 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.
  • Step up/Step down EMI facility.
  • EMI starts from Rs.1597/- 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

VEHICLE

This is a preliminary calculation and is not the final offer

Total Amount
Eligible Amount
Monthly Loan EMI (Approx.):


*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


  • ROI is linked with CIBIL Personal Score (in case of individuals)
  • Starting from 8.75%
  • ROI is calculated on daily reducing balance.
  • For More details;Click Here

Charges

  • PPC waived till 31.12.2023


*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

Star-Vehicle-Loan---Individuals