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Used Vehicle Loan


Tata Motors Finance Solutions Limited (TMFSL) aspires to be the Most Preferred Partner when it comes to Used Vehicle Financing. We provide flexible loans to individuals who wish to start up their own business as well as fleet operators who are looking forward to expand their business by acquiring used vehicles.



TMFSL offers quick & hassle-free finance to customers of any segment, for buying used vehicles.



Get easy finance for your Business or Personal needs with our attractive refinance offer on your existing vehicle.

balance Transfer


Switchover your existing vehicle loan to TMFSL for additional funding with longer tenures & reduced EMI burden.

balance Transfer

Top Up

Additional funding is offered to an existing customer on running TMFSL loan. Top up loan runs simultaneous to the parent loan & the customer pays 2 EMIs against the same CV.


Quick loan disbursal with minimum documentation

Support and assistance for RTO formalities.

Higher Eligibility (up to 90%), and enhanced tenure up to 60 months *


(*Subject to credit assessment)

Key Features

Attractive Interest Rates

Loans from INR 75,000/- onwards

Funding for entire range of used vehicles

Covers vehicles up to 12 years old (At the time of loan maturity)**


**Ageing norms vary according to vehicle category


ID Proof – (Pan Card, Adhaar Card, Voter Id, Passport, Employee Id – For Govt Employees & PSU’s, Driving License...) – PAN/Aadhar**

Address Proof (Ration card /Driving License/ Voter's ID / Utility Bill (within last 3months) / Registered Rental Agreement / Passport)

Vehicle Documents – Registration Certificate with TMFL Hypothecation, Comprehensive Insurance, Tax, Fitness, Permit


**Detailed document requirement will vary according to customer profile.

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 loan?

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. Is insurance compulsory?

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

13. What should I do in the case of an address change? Whom should I intimate?

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

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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