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Used Vehicle Loan

ABOUT 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.

second hand vehicle loan

REPURCHASE
LOANS

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

refinancing loans

REFINANCING
LOANS

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

balance Transfer

BALANCE
TRANSFER

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

top up loan

Top Up
Loan

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.

Benefits

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

Documentations:

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.

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