About TVS Credit Used Car Loan

TVS Credit Services is a part of $5 Billion TVS group. TVSCS was incorporated on November 5, 2008. TVS Credit Services(TVSCS) is deals with financing of vehicles at easy repayment options and attractive financing schemes. It has large network of over 30 branches and 2500 dealers across the country to handle requirements of the customers. The interest rates of TVSCS are based on the various criteria like loan tenure, car model and customer credit rating.

TVS Credit offers many services to get a used car loan easily. The people who dreams to own a car will turn their dream into reality by TVS Credit Service. The individuals should earn Rs. 1 lakh per year can purchase a car.

TVS Credit Used Car Loan Interest Rate

Particular Charges
Interest Rate 13.10% - 15%
Repayment option up to 5 years
Processing Fee 999 + applicable tax
Pre-closer Charges 3% of principle outstanding

Documents Required for TVS Credit Used Car Loan

For Salaried Individuals

  • Address, Signature, ID, and age proof

  • Income Documents: Form16/ salary slip/ ITR with income computation

  • Copy of Bank statement or passbook

  • Vehicle RC book and insurance certificate photocopy

  • PAN card

For Self Employed Individuals

  • GST Certificate

  • Shop Act or Business proof under age

  • ID and Address Proof

  • Repayment track of completed loan or existing loan

  • PAN card

  • TDS Certificate

Proprietorship/ Partnership Firm

  • Income Documents: Form16/ salary slip/ ITR with income computation

  • Vehicle RC book and insurance certificate photocopy

  • Partnership deed with declaration for partnership

  • Address, Signature, ID, and age proof

  • Copy of Bank statement or passbook

  • PAN Card

  • TDS Certificate

  • GST Certificate

For Private/ Public Limited Companies

  • Address, Signature, ID, and age proof

  • Income Documents: Form16/ salary slip/ ITR with income computation

  • Copy of Bank statement or passbook

  • PAN Card

  • AOA/ MOA with board resolution for public/ private limited firm

Eligibility Criteria for TVS Credit Used Car Loan

  • Age should be 25 years to 65 years at the end of the loan

  • Self emploed or salaried employee with regular income

  • Minimum income should be Rs. 15000 per month

EMI Calculator for TVS Credit Used Car Loan

Are you looking for second hand car loan calculator? Use our tool to calculate your monthly EMIs for your car. This calculator will be used for used car and new car.

How to Calculate Loan EMI?

Simply enter the values of loan amount, tenure range and interest rate to calculate the monthly EMI you have to pay for.

To calculate the EMI for your used car loan, use below EMI calculator

Why Apply for TVS Credit Used Car Loan on LoanOnMind?

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Simple Comparison: Compare the loans on the basis of interest rates, processing fee, EMI and other additional charges.

Low Interest Rates: We are coordinated with top lenders in India to offer the best interest rates for your used car loans.

Timely and Instant Quotes: Get instant quotes which are customized to your requirements by filling the online application form.

Transparent Service: We are here to help you to get more information about the loans.

Privacy: Your information sent to the lender you have chosen and is not shared with anyone else.

Trustworthy: Top Indian Banks like Axis Bank, HDFC bank, and Kotak Mahindra bank are using LoanOnMind.com to give the best loan experience to their customers.

Refinance and Top Up Loans

TVS Credit provides refinance and top up loan plans.

Refinance Loans

Get a loan on your present car with TVSCS's fast and easy refinance plans with flexible repayment options.

Top Up Loans

You have already taken a loan but you want more money, then this plan is the best for you. TVS Credit covers all your personal requirements.

Features and Benefits of TVS Credit Used Car Loan

  • Instant approval and quick process

  • Up to 15 times loan eligibility for your gross monthly income

  • Repayment option for your used car loan Hyderabad up to 48 months

  • Door step service

  • Minimum down payment

  • Easy EMI option

TVS Credit Customer Care Number

Once, you pay off the loan , we will process and close your loan. A physical copy a NOC will be sent to your registered address. You can contact our customer care number at 1800-425-3883 or email us to Helpdesk@tvscredit.com

FAQs About TVS Credit Used Car Loan

1. What Vehicles Can I purchase with TVS Credit Services pre owned car loans?

Authorize TVS Credit Service finances most Indian cars such as Tata, Hyundai, Maruti, Ford etc. Some discounted models didn't eligible to get used car loans.

2. Does TVSCS offer any special schemes?

It offers many special schemes for used car loans. Get in touch with us to avail offers.

3. How much finance can I avail on pre owned car?

You can avail up to 85 % of loan amount of the value of the vehicle. Salaried individual can borrow up to 15 times their monthly salary and self employed individuals can borrow up to 4 times their monthly income. (terms conditions applied)

4. Do I need a guarantor for TVS Credit Services Used Car Loans?

No, if your income didn't meet our eligibility criteria, then you can provide guarantor for loan approval.

5. What are the loan tenure options for Pre Owned Car?

You can choose any loan tenure options up to 5 years in TVS Motor company.