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Passenger Vehicle Loan

Buying a New Tata Vehicle is an exciting experience in everyone’s life. At Tata Motors Finance, we make it more exciting and ensure our customised loan options are fast, flexible and hassle-free. We make it further appealing by providing flexible interest rates and wide spectrum of tenures.

So go on & simply select the Tata Vehicle of your dreams and prepare to move up a notch in life – we’ll handle the rest!

  • Hassle-free loan application process
  • Minimum Documentation
  • Quick car loan approval
  • Quick and easy loan procedures and disbursement
  • Attractive interest rates
  • Up to 100% On-Road funding, with competitive interest rates
  • Varied repayment options

Eligibility Criteria:

Tata Motors Finance Limited(TMFL) offers Vehicle Loans at attractive interest rates to both salaried and self-employed individuals.



  • KYC Documents
  • Identity and address proof
  • Salary slip/Form 16/IT returns/bank statements*

*T & C Apply

1. Do you finance all makes of Vehicles?

We finance all makes of Tata including Jaguar & Land Rovers. This includes a wide range of hatch backs, Sedans, utility vehicles, luxury cars.

2. What is the maximum amount of Tata Vehicle Finance available?

The vehicle finance extent is calculated basis the profile of the customer and/or business proposition at the sole discretion of TMFL. It may go Up to 100% of the on road funding.

3. What is the interest rate for Car Loans?

We offer some of the industry’s best interest rates on Car Loans. They are calculated basis the Customer’s profile.

4. What is the Maximum Repayment Period for a Tata Vehicle Loan?

We can go up to a maximum period of 7 years’ tenure based on credit assessment.

5. How much time do you take to sanction a Tata Vehicle loan?

We offer among the best turnaround times in the Industry.

6. Will you give me a copy of the agreement duly filled in for my records?

Yes, a copy of the agreement will be provided along with the Welcome Kit which will be sent at the address given by you during Loan processing.

7. What is the mode of loan repayment?

Loans repayments are collected as auto-debits using the National Automated Clearing House (NACH) system.

8. Can I remit the instalments in any of TMF branch?

Yes. You can remit your instalment in any of our branches and may also pay it through Debit card or Credit card or via Net banking through our website www.tmf.co.in through Customer Login

9. What is the procedure in case I wish to foreclose my account?

You may foreclose your account by paying the remaining Principal Amount and other applicable charges.

10. What should I do when my contract tenure gets over?

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.

11. What papers do I have to collect on termination?

Upon Termination, you can collect:

  • The Termination letter
  • The No-Objection letter addressed to the RTO
  • Insurance Endorsement Cancellation letter

12. What should I do in the case of a change of address? Whom should I intimate?

One can contact the nearest branch with necessary document in original.

13. Is insurance compulsory?

Insurance is compulsory. We would love to help you in availing best of the insurance terms at the most affordable rates.

14. What are the valid KYC & Identification proof (ID) documents?

Valid KYC documents: Driving License /Passport / Electricity Bill / Aadhar Card

Valid ID proof documents: Pan Card/Driving License/Passport / Aadhar Card

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