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Interest Rate

13.1% - 15%

Processing Fee

Rs. 1999

Tenure Range

1-4 years

Fees & Charges:

  • Preclosure Fee - 5% of principal outstanding (within 2 years), 4% (2-3 years) and 3% (after 3 years)


  • Nationality - Indian 
  • Age - 21-65 years 
  • Min. income - Rs. 15000 Per Month

Features & Benefits:

  • Get cars at their predefined limits 
  • EMI Repayment facility upto 4 years 
  • Instant loan disbursal facility 
  • Benefit of hassle-free Cashless claim Facility 
  • Get loans upto 15 times of your monthly income 

Documents Required:

Identity Proof:

  • Aadhaar Card/ Passport/ PAN Card/ Voter ID Card

Address Proof:

  • Aadhaar Card/ Passport/ Driving License/ electricity, phone bills

Income Proof:

  • Last 2 years IT returns 
  • Income computation certificates by CA for last 2 years 
  • Bank statement for last 6 months

Short Description:

TVS Credit Services gives Used-car Loans which is 15 times of your monthly income, easy EMI Repayment option and hassle-free cashless claim facility. The cars included in the Used-car loan are within their predefined age limit.

Bank Description:

TVS Credit Services (TVSCS) is a part of TVS Group dealing with the finance of the vehicles primarily with the easy payment option. TVS Used-car Loan gives the benefits of the hassle-free claim facility loans granted can be 15 times of your monthly income.