Explore the Road Ahead with TSM Cars

90 years of legacy, thousands of happy customers & the same old trust.

Get the Right Car Loan Without the Hassle

We know how stressful car financing can be. Whether you’re buying a used car or trying to lower your existing EMIs, we make the process fast, transparent, and worry-free.

Tired of endless paperwork and delays? We handle everything from documentation to lender coordination.
Getting rejected or offered high rates? We partner with India’s top lenders to find the plan that suits your profile.
Unsure whom to trust? With 80+ years of credibility in car trading, TSM brings the same reliability to your finance experience.
Already have a loan? You might be paying more than you should — explore better rates and terms with our refinance partners.

Apply for Used Car Loan Refinance My Existing Loan

A few quick things to keep in mind before you fill out the form 👇

Vehicle Age

We currently finance cars up to 8 years old (from year of manufacture). Older vehicles may have limited loan options depending on their condition and valuation.

No Commercial Vehicles:

Loans and refinance options are available only for private-use cars (white-board registration).We do not process loans for taxis, yellow-board, or fleet vehicles.

3. Credit (CIBIL) Score Matters:

A strong CIBIL score (700+) improves your chances of quick approval, higher funding, and lower interest rates.If your score is lower, we’ll still help you explore options — but loan terms may vary by lender.

The pre-owned car loan eligibility will depend on whether you’re a salaried individual or a self-employed individual. You can check eligibility for a used car loan here-

Salaried Individuals must meet the following used car loan eligibility criteria–

You must be between 21 and 60 years of age.
Your minimum monthly salary must be Rs. 25,000.
You must have a minimum of one year of work experience.

Calculate Used Car Loan EMI

Loan Amount

₹

₹1,00,000₹75,00,000

Loan Duration

1 Year6 Years

Interest Rate

10.49% p.a25% p.a

Monthly EMI

₹8,932*

Apply for Used Car Loan

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The pre-owned car loan eligibility will depend on whether you’re a salaried individual or a self-employed individual. You can check eligibility for a used car loan here-

Salaried Individuals must meet the following used car loan eligibility criteria–

You must be between 21 and 60 years of age.
Your minimum monthly salary must be Rs. 25,000.
You must have a minimum of one year of work experience.

The pre-owned car loan eligibility will depend on whether you’re a salaried individual or a self-employed individual. You can check eligibility for a used car loan here-

Salaried Individuals must meet the following used car loan eligibility criteria–

You must be between 21 and 60 years of age.
Your minimum monthly salary must be Rs. 25,000.
You must have a minimum of one year of work experience.

The pre-owned car loan eligibility will depend on whether you’re a salaried individual or a self-employed individual. You can check eligibility for a used car loan here-

Salaried Individuals must meet the following used car loan eligibility criteria–

You must be between 21 and 60 years of age.
Your minimum monthly salary must be Rs. 25,000.
You must have a minimum of one year of work experience.

The pre-owned car loan eligibility will depend on whether you’re a salaried individual or a self-employed individual. You can check eligibility for a used car loan here-

Salaried Individuals must meet the following used car loan eligibility criteria–

You must be between 21 and 60 years of age.
Your minimum monthly salary must be Rs. 25,000.
You must have a minimum of one year of work experience.

The pre-owned car loan eligibility will depend on whether you’re a salaried individual or a self-employed individual. You can check eligibility for a used car loan here-

Salaried Individuals must meet the following used car loan eligibility criteria–

You must be between 21 and 60 years of age.
Your minimum monthly salary must be Rs. 25,000.
You must have a minimum of one year of work experience.

The documents required for a second-hand car loan vary depending on your employment type.

Photo Identity Proof: Voter's ID/Passport/Driving License/Aadhaar Card
Income Proof : Copy of your Salary account bank statements for the last three months
Copy of Salary Slips of the last three months

The pre-owned car loan eligibility will depend on whether you’re a salaried individual or a self-employed individual. You can check eligibility for a used car loan here-

Salaried Individuals must meet the following used car loan eligibility criteria–

You must be between 21 and 60 years of age.
Your minimum monthly salary must be Rs. 25,000.
You must have a minimum of one year of work experience.

Features and Benefits of Used Car Loan

Tata Capital offers a well-structured financing solution for pre-owned vehicles tailored to modern buyer expectations. Our car loans for older cars combine affordability with flexibility, making ownership practical and stress-free.

High Loan Amount: Finance up to ₹50 lakhs, depending on eligibility

Flexible Tenure: Repayment period of up to 72 months

Competitive Interest Rates: Starting at 10.75%* per annum (flat-rate)

Minimal Documentation: Simple process with easy online application

Quick Disbursal: Loan amount credited within 24–36 hours post-approval

Multiple Repayment Options: Pay via cheques, online modes, or structured EMIs

The pre-owned car loan eligibility will depend on whether you’re a salaried individual or a self-employed individual. You can check eligibility for a used car loan here-

Salaried Individuals must meet the following used car loan eligibility criteria–