{"id":6053,"date":"2023-08-28T14:48:22","date_gmt":"2023-08-28T14:48:22","guid":{"rendered":"\/blog\/?p=6053"},"modified":"2025-09-10T17:14:08","modified_gmt":"2025-09-10T11:44:08","slug":"can-a-person-with-monthly-income-rs-30000-apply-for-tata-capital-car-loan","status":"publish","type":"post","link":"https:\/\/www.tatacapital.com\/blog\/loan-for-vehicle\/can-a-person-with-monthly-income-rs-30000-apply-for-tata-capital-car-loan\/","title":{"rendered":"Can a Person with Monthly Income Rs 30,000 Apply for Tata Capital Car Loan?"},"content":{"rendered":"\n

Thinking of buying a car? But short of\nmoney? Don\u2019t worry! You can still fulfill your dream of driving home a brand\nnew car with an easy car loan. Buying a car is one of the biggest investments\nin a person\u2019s lifetime and thus it is very difficult to bring home a new car\nentirely on your savings. Suppose your monthly income is Rs. 30,000 and you are\napprehensive whether any lender will approve your car loan application on this\nsalary figure. Tata Capital offers car loan<\/strong><\/a> to a salaried person with a minimum annual\nincome of Rs. 2.5 lakhs for all assets and the minimum limit is Rs 2 lakh per\nannum for self-employed people. For a used car loan, a salaried person should\nearn a minimum of Rs 3 lakhs, self- employed person should earn a minimum of Rs\n2 lakhs.<\/p>\n\n\n\n

Know More About Used Car Loan<\/a><\/div>\n\n\n\n

Tata Capital, the financial wing of\nthe prestigious and legendary Tata group, caters to the diverse financial needs\nof the customers, including institutional, retail and corporate. The company is\nregistered with the Reserve Bank of India as a systematically important non deposit\ntaking, non – banking financial company. Its varied range of offerings includes\nConsumer Finance, Advisory Services, Infrastructure Finance, Securities, Investment\nBanking, Private Equity Advisor, Credit Cards, and Travel & Forex Services.\nThe company was established in the year 2007. Currently, the company has more\nthan hundred branches operating across the country, and the number is counting.\nThe focused and transparent services provided by the company enables a customer\nto avail all types of financial services under one roof. <\/p>\n\n\n\n

The entire process right from applying\nfor a car loan to its approval is completely user-friendly and hassle free. The\nrequired documents are minimal and easy to arrange. The documents required for\napplying car loan include ID proof, address proof, signature verification\nproof, photograph, ITR\/salary slips, Form 16, and bank statement for last three\nmonths.<\/p>\n\n\n\n

Tata Capital offers a competitive rate\nof interest, resulting in comparatively lower EMIs for the same tenure. The\npossible car loan tenure for all users is between 12 months and 60 months. But,\nfor some car models, this limit on tenure can go up to 84 months for all\napplicants. The company can provide a car loan for an amount equal to 90\npercent of the car\u2019s evaluation. For example, if you are interested in buying a\ncar that costs Rs. 10 lakhs, you are entitled to get a maximum loan of Rs. 9\nlakhs, provided you fulfill all the terms and conditions. However, for salaried\nand SEP individuals, this limit can be extended to 100 percent of the ex-\nshowroom value of the car. This facility is available only on select models.\nAlso, it provides the facility of customizing loan repayment schedule. Tata\nCapital offers a unique and innovative repayment methods like step up (EMIs\nincrease gradually), step down (EMIs decrease gradually), Bullet payment\n(prepayment in parts, periodic payments), and ballooning option (lower EMIs\nwith bigger payment in last EMI).<\/p>\n\n\n\n

You can avail a car loan (new or used)\nwith Tata Capital through the following simple steps:<\/p>\n\n\n\n

\u2022   \nApplication<\/p>\n\n\n\n

\u2022   \nProcessing<\/p>\n\n\n\n

\u2022   \nDocumentation<\/p>\n\n\n\n

\u2022   \nSanctioning of the loan<\/p>\n\n\n\n

\u2022    Disbursement <\/p>\n\n\n\n

Not only this, Tata Capital\u2019s online car store will help you pick the right car that suits best to your needs and luxury. You can filter down your preferences by budget, color, model, price, make, usage and more. Tata Capital strives to ensure that owning a car shouldn\u2019t be a distant dream for its consumers. Good luck and happy riding!<\/p>\n\n\n\n

Apply Now<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Thinking of buying a car? But short of money? Don\u2019t worry! You can still fulfill your dream of driving home a brand new car.<\/p>\n

Read More<\/a><\/p>\n","protected":false},"author":1,"featured_media":6054,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[27],"tags":[],"yoast_head":"\nCan You Get Car Loan on \u20b930K Salary? | Tata Capital<\/title>\n<meta name=\"description\" content=\"Get easy car loans from Tata Capital with flexible terms, low EMIs, and minimal documentation. 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