Tata Capital vs Poonawalla Fincorp Used Car Loan: Which Is Better in October 2026?
60-Second Verdict
Poonawalla Fincorp is cheaper at both ends of the band: its 12.51% to 15.01% range beats Tata Capital's 13.75% Velocity rate by 1.24 percentage points and caps 0.74 points lower than Tata Capital's 15.75% ceiling, regardless of whether your loan is above or below ₹6 lakh.
Tata Capital vs Poonawalla Fincorp: Side-by-Side Comparison (October 2026)
| Parameter | Tata Capital | Poonawalla Fincorp |
|---|---|---|
| Interest rate | 13.75% to 15.75% | 12.51% to 15.01% |
| Under ₹6 lakh (CIBIL 750+) | 15.00% to 15.75% | 12.51% to 15.01% |
| ₹6 lakh+ (CIBIL 740+) | 13.75% (Velocity) | 12.51% to 15.01% |
| Rate ceiling | 15.75% | 15.01% |
| Best for | Fixed 13.75% Velocity rate & pan-India branches | Lowest single-band NBFC rate |
Who wins by loan size
What the difference costs: on a ₹6 lakh, 5-year loan, Poonawalla's 12.51% versus Tata Capital's 13.75% saves ₹383 a month and ₹22,980 in interest.
| Loan amount & CIBIL | Winner | Rate Comparison |
|---|---|---|
| Under ₹6 lakh, CIBIL 740+ | Poonawalla Fincorp | 12.51%–15.01% vs 15.00%–15.75% |
| ₹6 lakh+, CIBIL 740+ | Poonawalla Fincorp | 12.51% floor vs 13.75% Velocity |
| CIBIL 700–739 | Poonawalla Fincorp | 15.01% ceiling vs 15.75% ceiling |
When to pick Tata Capital
Choose Tata Capital when you want the certainty of a flat 13.75% Velocity quote on a ₹6 lakh+ loan or need Tata Capital's wider physical branch network.
When to pick Poonawalla Fincorp
Choose Poonawalla Fincorp for a lower starting rate (12.51%), a lower ceiling (15.01%), and strong pricing on loans under ₹6 lakh.
When neither Tata Capital nor Poonawalla is your best option — consider HDFC Bank
If you have a 740+ CIBIL score and documented income, HDFC Bank (10.76% to 12.01%) is cheaper than both NBFCs. See HDFC Bank vs ICICI Bank. You can also compare all used car loan options on our 27-lender interactive calculator.
Related Lender Comparisons
Frequently Asked Questions (Tata Capital vs Poonawalla)
Is Poonawalla Fincorp or Tata Capital cheaper for a used car loan?+
Poonawalla Fincorp is cheaper, starting at 12.51% (up to 15.01%) compared to Tata Capital's 13.75% Velocity rate and 15.00%–15.75% standard band.
Why does loan size matter more at Tata Capital?+
Tata Capital's 13.75% Velocity rate requires a minimum loan of ₹6 lakh (with CIBIL 740+), whereas Poonawalla Fincorp's 12.51%–15.01% band applies across loan sizes.
Should a 750 CIBIL borrower pick an NBFC or a bank?+
Check banks first (Axis from 10.00%, HDFC from 10.76%). Pick Poonawalla or Tata Capital if your car model, employer category or documentation prefers an NBFC route.