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.
We finance all makes of Tata including Jaguar & Land Rovers. This includes a wide range of hatch backs, Sedans, utility vehicles, luxury cars.
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.
We offer some of the industry’s best interest rates on Car Loans. They are calculated basis the Customer’s profile.
We can go up to a maximum period of 7 years’ tenure based on credit assessment.
We offer among the best turnaround times in the Industry.
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.
Loans repayments are collected as auto-debits using the National Automated Clearing House (NACH) system.
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
You may foreclose your 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.
Upon Termination, you can collect:
Insurance is compulsory. We would love to help you in availing best of the insurance terms at the most affordable rates.
One can contact the nearest branch with necessary document in original.
Valid KYC documents: Driving License /Passport / Electricity Bill / Aadhar Card
Valid ID proof documents: Pan Card/Driving License/Passport / Aadhar Card
