Tata Motor Finance
Get the best financial scheme on your new Tata UV from TMF. TMF, the in-house financing arm of Tata Motors, specialises in providing customised financing options to all its esteemed customers. Get the best suited financing scheme and let TMF be a partner of choice in owning your dream UV. Use our EMI Calculator to see how easily you can drive home your UV.
Passenger Car Loans
- New Vehicles
- Used Vehicle /Refinance
|Eligibility Criteria||Documents required|
|Pvt Ltd Company||
This product offers the TMF customer a loan against hypothecation of an existing vehicle, at an attractive rate of interest. It helps in encashing the investment locked in the asset without having to dispose it off to fund various needs related to Purchase of New Tyres/Vehicle, Refurbishing of Vehicles/Engines and Business Requirements etc. The maximum loan amount can be upto 80% of the market value of the asset, less the outstanding loan, and is subject to the current loan eligibility.
Existing outstanding Loan: Rs. 1.5 Lacs
Current Market Value of Asset: Rs. 6 Lacs
Maximum Loan eligibility, 80% of market value i.e.: Rs. 4.8 Lacs
Any individual / Partnership firm / company with more than 2 years business experience.
Funding extended to First Time User, Contractors and Captive Consumers.
- Proof of Identity:- Passport , Photo Credit Card, PAN Card, Voters Id car, driving license, Employee ID issued by Government of India,PSU,Limited companies, Local Panchayat ID card, Notary certification with Photograph.
- Address Proof: - Lease Agreement, Ration card, Driving license, House Tax Challan, Housing Society Bill, Voters card, passport, telephone bill, electricity bill, Water Tax Challan, Telephone Bill / WLL Connection, Credit Card Statement, Post Paid mobile bills (2 bills required â€“ bill of the last completed month and of 6 month before the last completed month), PAN Card, Bank Certification / Statement duly certified by the bank in original, Gas Connection Bill. The documents submitted towards identity proof to reflect the current address of the concern/firm.
Used Vehicle Loan Features & Benefits:
- Choose any vehicle manufactured in India within a certain age*.
- Borrow up to 85% of the value of the vehicle.
- Flexible repayment options, ranging from 12 to 48 months.
- Borrow up to 3 times your annual salary (for salaried professionals) and 6 times your annual income (for self employed professionals)*.
- Available for almost all vehicle models at attractive interest rates.
- Repay with easy EMIs.
- Attractive vehicle loan plans.
Used Commercial Vehicle financing: If you wish to avail finance for a used commercial vehicle, TMF can help you realize your dream. Loans are available for all Tata Commercial Vehicles at attractive interest rates and flexible terms.
Auto loan takeover plan
This product entails taking over existing high cost loans at competitive terms resulting in huge savings
Requirements: All terms and conditions applicable for TMF used car/used commercial vehicle finance product are applicable for the Loan take over product.Minimum 12 month old loan with any approved Financier with clear repayment track record TMF offers range of refinance products to suit your needs. Available for vehicles from 0-8 years of age for loan duration of 12 to 48 months. All this with TMF advantages of faster loan disbursals, attractive interest rates and flexible terms.
REFINANCING is available for :
|Eligibility Criteria||Documents Required|
|Pvt Ltd Company||