Do I need to provide any security or Collateral?
No, only the hypothecation of the car to be purchased will be needed.
Do I need to provide a guarantor to avail the car loan?
If your income does not meet the credit criteria of Tata Capital, then you may require a guarantor to stand surety for new car loan.
Who can my co-applicant for New Car loan?
A co-applicant can be your spouse or any blood relative staying in the same residence as yours.
Will the car loan cover my car insurance and registration charges?
Yes, registration is included in some loan offerings, but insurance of the vehicle is not the part of this value and would need to be paid up-front.
What is the applicable interest rate slab for New Car Loans?
Interest rates are dependent on various factors including cost of funds, customer credentials, geography, asset, tenor and discounts offered in the market. Tata Capital ensures that you get a transparent and good deal at the time of availing the loan.