Is a car valuation required prior to loan approval?
Yes, a car valuation is required before approving your loan on the car at Tata Capital. This is because the used car acts as collateral and determines your loan eligibility. This makes verification doubly necessary.With Tata Capital’s loans on cars, you can finance the purchase of second-hand passenger vehicles, including hatchbacks, sedans, SUVs, MUVs, etc. That said, remember that car models that are now out of production are not eligible for a loan on used cars.