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Used Car Loans

Refinance Loans

Used Car Loans

  • At TVS Credit, we help you with used car loans that are just right for you! One of the most daunting and challenging aspects of availing of used car loans is navigating through the mountain of paperwork and documentation process. So, our used car loans are extremely simple and let you drive home your dream car at the best car loan interest rates. TVS Credit provides second-hand car loans for up to 12 years old cars and loans up to 95% of asset value.  Our used car loan interest rates are minimum with repayment terms of up to 60 months to ensure you get your dream car. Our approval process is quick and simple with approvals coming within just 4 hours of your documentation process. Once you have a dream car in mind, head over to our TVS Credit website to check out our car valuation tool for better clarity and apply for our used car loan services now.

Features and Benefits

Eligibility and Documentation

Select your occupation type

  • Salaried
  • Self Employed
  • Proprietorship and/or Partnership firm
  • Private and/or public limited companies


Age, address, ID and signature proof

Income document (salary slip/form 16/ITR with computation of income)

Bank statement OR Passbook Copy

Photocopy of vehicle RC book and insurance certificate

Pan Card

Self Employed

GST certificate

Shop Act or business proof Under age

Address & ID Proof

Repayment track of existing or completed loan

TDS certificate

PAN Card

Proprietorship and/or Partnership firm

Income document (salary slip/form 16/ITR with computation of income)

Photocopy of vehicle RC book and insurance certificate

Partnership deed with declaration for partnership firm

Age, address, ID and signature proof

Repayment track of existing or completed loan

Shop Act or Business Proof

Bank statement OR Passbook Copy

PAN Card

TDS certificate

GST certificate

Private and/or public limited companies

Age, address, ID and signature proof

Income document (salary slip/form 16/ITR with computation of income)

Bank statement OR Passbook Copy

MOA/AOA with board resolution for private/public ltd. firm

PAN Card

Used Car Loans Valuation Tool

Customer Experience Loan EMI Calculator
Loan calculator | TVS Credit Loan EMI Calculator

Rate Of Interest




Down Payment


IBB Price: 0
This valuation is fetched from a third-party source and, as such, is indicative only. Actual value may vary.
10000 1000000
12 84
1 30



down payment


Interested in buying this car?

These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.


Personal Loans From Tvs Credit

Personal Loans

  • Personal loans can go a long way in giving you the financial independence you need. With TVS Credit you can get quickly approved personal loans to help you with your monetary need. From home improvement to travel, our personal loan covers all your personal needs at a very attractive interest rate.

    TVS Credit offers its personal loan services only for existing TVS Credit customers. Our personal loan service requires no collateral or documentation, allowing you easy access to your financial needs.


What is an EMI?

EMI stands for ‘Equated Monthly Instalments’. The instalment comprises two components – the principal and the interest. EMIs provide you with the ease and benefit of paying back your loan in fixed monthly payments over a long period of time.

What documents are required to change my communication/ mailing address?

Please mail a self-attested copy of any KYC document (as mentioned in the Eligibility and Documentation section) to helpdesk@tvscredit.com, or walk into any of our branches with your documents.

Does TVS Credit offer any special schemes?

We frequently offer special schemes – don’t miss out! To avail of our latest offers, get in touch with us.

I am an existing customer; can I apply for another loan?

Yes. However, please note that the approval of your loan is subject to your credit score and fulfilment of eligibility criteria for the product.

Will I be eligible for any special schemes after I have repaid my loan?

Once you have cleared your loan without default, you may be eligible for special schemes.

Do I have the option of prepaying my loan?

Yes, this can be done as per the foreclosure terms mentioned in your loan agreement.

How long will it take to get a loan?

Your loan will be processed within 24 to 48 hours depending upon the documents and verification requirement.

Can the tenure and loan amount be changed after the loan amount has been disbursed?

No, neither can be changed.

What are the tenure options for used car loans?

You can choose from any of the 5 well-placed repayment options of 12, 24, 36, 48 or 60 months, which are designed to suit your requirements.

Can I pay my instalment and other dues online? If yes, then how?

Yes, you can pay your instalment and other dues online through our online EMI payment option which is located on the header of our website.

Is there any security/collateral which needs to be offered for this loan?

No. You only have to submit your KYC documents along with bank details for loan approval. Until the loan is repaid, the vehicle will be hypothecated to TVS Credit.

What is down payment/margin money?

Down payment is a small initial amount that you will need to pay at vehicle dealership. It’s the difference between on-road price and loan amount sanctioned to you.

What cars can I buy with TVS Credit Services used car loans?

Leading auto manufacturers like Maruti Udyog, Tata Motors, Hyundai Motors, Ford India, Skoda, General Motors, Honda India, Fiat India, Toyota India are covered. Some discontinued models may not be eligible for finance.

Do I need a guarantor for used car loans?

No, but if your income does not meet our eligibility criteria, then you can club the income of your father/mother/spouse/son to become eligible for your loan. They would need to come in as a co-applicant for the loan.

What is the procedure to get NOC?

Once you have completed your loan repayment, we will process and close your loan, post which a physical copy of the NOC will be sent to your registered address. You may also contact our customer care number at 180-0103-5005 or write to us at helpdesk@tvscredit.com.

When do I become eligible to get an NOC? How can I receive it?

You can get your NOC once you’ve paid your entire loan amount and any corresponding dues applicable.

Being an existing customer, can I apply for another loan?

Yes, you can apply for another loan.

Do I need a guarantor?

No, a guarantor is not required.

Who can be a co-applicant for the loan?

Your spouse or any blood relative staying at the same residence as yours can be a co-applicant.

What will be done with the post-dated cheques if I request to change the mode of repayment/ account for my loan?

The cheques submitted, will be defaced and retained. And in case you wish to get back your cheques, kindly lodge a request with our customer care or write us an email at helpdesk@tvscredit.com.