Tata Car Loan

Hello, I want to take the car loan from the Tata car loan and I want to know the details of the car loan.

[Kiran Chandar]

Hello, here I am providing you the details of the Tata car loan as under:

Eligibility Criteria
Salaried individual must have a minimum annual income of Rs 2.5 lakh for all assets.
For Self-employed individuals and non-individuals the threshold is a bit lower at Rs 2 lakh per annum

Documents required:
a. PAN Card
b. Address Proof
c. Signature Verification Proof
d. One Photograph
e. ITR/Salary Slips/Form 16
f. Bank Statement of last 3 months

Flexible EMIs
a. Step Up Flexi EMI Plan Increase your EMIs gradually, every year, and repay your loan conveniently
b. Step Down Flexi EMI Plan Lowers your EMI, every year, and repay your loan faster
c. Bullet Flexi EMI Plan allows you to prepay your loan in parts at periodic intervals and lowers your EMI considerably
d. Balloon Flexi EMI Plan allows you to pay lower monthly installments as you have the option to pay a substantial amount in the last EMI

Key Product Features for Used Cars
Loans up to a maximum of 90% of the assessed automobile value can be financed.
Repayment tenure of up to 60 months is offered.

Key Product Features for New Cars:
Up to 90% of the ex-showroom cost of the car can be financed.
The loan amount would depend on the car model.
Repayment tenures ranging from 12 to 60 months are offered.