TVS Credit Services Car Loans – Eligibility, Apply Online

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TVS Credit Services Ltd.

TVS Credit Services (TVSCS) is part of $5 Billion TVS Group. TVSCS primarily deals with financing of vehicles through attractive financing schemes and easy payment options. TVSCS has a large network of over 2500 dealer outlets and over 30 branches across the country to handle all requirements of our customers. TVSCS’ interest rate differs based on the various criteria like car model, loan period and customer credit rating.

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Professional Details
Loan Amount


Annual Income


Maximum Loan amount Repayment option Interest Rate Finance available Eligibility
Salaried – Loan eligibility up to 15 times of gross monthly income

Self Employed Person-Loan eligibility upto 4 times of Gross annual income

5 Years 14% – 18% upto 85% on valuation report Salaried – Earn Gross salary of 1.20 lacs annually

Self Employed – Minimum income should be 1 Lac p.a.

TVSCS Used Car loan Features

Attractive interest rate

Maximum loan amount

Hassle free simple documentation

Quick processing

Door step service

Easy EMI option

Convenient repayment options upto 36 months

Repayment Tenure

Repayment tenure ranges from 1 year to 3 years

Margin- Minimum down payment

Documents Required

  • Age/Address/ID/Signature proof
  • Income document (Salary slip/Form 16/ITR with computation of income)
  • Bank statement
  • Photocopy of Vehicle RC Book & Insurance Certificate
  • Partnership deed with declaration for partnership firm
  • MOA/AOA with board resolution for private/public ltd firm

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

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

How much finance can I avail on a used car?

You can borrow up to 85% of valuation amount. Salaried Professional can borrow up to 15 times their monthly gross salary. Self-employed Professional can borrow up to 4 times their annual gross declared income.

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

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.