Tata Nano - Car Loan

India’s small wonder at your fingertips! In a short span of 30 minutes you can drive home the amazing little car of the century from the reputed Tata stable.

Salient features

• Flexible repayment options, ranging from 12 to 48 months.
• Attractive interest rates.
• Loan approvals in 30 minutes.
• Repayment through any of Muthoot Fincorp branches across the country.
• Instalment can be paid daily/weekly/fortnightly/monthly according to the customer’s convenience
• Hassle free loans - no post dated cheques required
• Easy and simple documentation.
• Spot approval for Muthoot Pappachan Group debenture holders.
• Special schemes to suit your needs.
• No income proof based programs available.

 

Eligibility

• Salaried / self employed person / Agriculturist
• Age between 21 and 65.
• Minimum net income / net profit of Rs.1, 80,000/- p.a.
• Residence stability: minimum one year in the current address.
• Job/Business stability: minimum one year in the present job

 

Documentation

• Valid identity proof: Any one of passport /voters ID card/ driving license/ PAN card
• Valid address proof: Any one of passport / voters ID card/ driving license/ telephone bill/electricity bill/ gas connection bills/ ration card/ LIC policy.
• Income proof: ITR / form 16 / pay slip / salary credit bank statement.
• Asset Proof: Latest land/building/house tax receipt
• Recent passport size photo.

 

FAQ

Q: How long will it take to approve the loan?
A: Within 24* hours of completing the documentation.

Q: How much finance can I avail of ?
A: Maximum of 85%* of the on road price* (Subject to income eligibility)

Q: What are the tenure options?
A: You can choose from any of the well-paced repayment options of 12,18, 24, 30,36,42 or 48 months.

Q: How can I remit the monthly instalment?
A: By way of cash (daily / weekly / fortnightly / monthly) according to your cash flow, at any of Muthoot Fincorp branches across the country.

Q: Do I have the option of pre-paying the entire loan amount?
A: Yes. You can pre-pay the loan any time, at a nominal charge.

*conditions apply