At Tata Motors Finance, we know that there’s a lot more to finance than just money. We realize that our customers’ dreams are the bigger picture, and we take every measure to treat it as such. To this end, we make it a point to sit with each and every customer looking for a loan, and understand their ambitions before recommending specific plans to that suits their needs the best. To make the experience as seamless as possible, we keep our loan process absolutely simple and transparent so that our customers can be assured of a totally hassle-free experience!
We provide finance to all kinds of commercial customers such as:
We provide finance only for vehicles manufactured by TML
Yes. However, the extent of finance for the vehicle body is extended based on customer profile
We extend up to 100% of financing on vehicles. The maximum quantum of finance varies from customer to customer and product to product at the sole discretion of TMFL.
We charge nominal processing fees and collect actual stamp charges
The Stamp charges are applicable based on terms governed by applicable State laws.
The average TAT for sanctioning a loan is around 2 working days after the submission of all necessary documents
Yes, a copy of the agreement will be provided to the applicant.
Guarantor requirement depends upon the strength of the application
One can contact the nearest branch with necessary document in original.
Funding is always provided on net of discount basis. If there is a discount on the vehicle, funding will be based on the discounted price.
A proforma invoice from the dealer which mentions the cost of the vehicle would be required in all cases.
Yes, Insurance is mandatory in all cases.
Yes, the RC copy also has to be submitted at any branch within 90 days
You become eligible for a Fleet Upkeep Loan after a minimum and satisfactory repayment track on 12 months
Customers having completed a 12-month season loan and having an ‘Excellent’ or ‘Good’ track record are eligible for a Fleet Upkeep Loan. (Should we not define here- what is Excellent and what is Good track record?)
The finance amount will be released to the selling dealer/vendor.
NACH is the most preferred mode of payment.
A customer may foreclose his/her loan account by paying the remaining Principal Amount and other applicable charges.
Once payment has been received for the entire contract amount along with additional dues if any, an NOC will be provided after terminating the contract and removal of hypothecation. The NOC will be sent to the nearest branch, from where it can be collected.