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