Tata Bolt Car Loan EMI Calculator

₹ 10,852.
Here is how - Tata Bolt price starts from ₹ 6,19,594 in Kolkata. If you pay a down payment of ₹ 84,392 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,852.

The cheapest Bolt model is XE Petrol which is priced at ₹ 6,19,594 in Kolkata. You will need to pay at least a ₹ 84,392 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Bolt.

Version	On-road price in Kolkata	Max Loan
XT Petrol	₹ 7,84,900	₹ 6,87,964
XT Diesel	₹ 9,02,215	₹ 7,96,376
XE Petrol	₹ 6,19,594	₹ 5,35,202
XM Petrol	₹ 6,85,736	₹ 5,96,325
XMS Petrol	₹ 7,11,471	₹ 6,20,107
XE Diesel	₹ 7,64,694	₹ 6,69,291
XM Diesel	₹ 8,15,602	₹ 7,16,336
XMS Diesel	₹ 8,27,188	₹ 7,27,043

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Bolt XE Petrol will be ₹ 9,657 but you will have to pay interest of ₹ 2,75,986 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 19,416, but your interest payment will be only ₹ 1,63,774 over the 3 years period.

₹ 10,852
Tata Bolt price starts from ₹ 6,19,594 in Kolkata.

We have considered
Down-payement : ₹ 84,392
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Bolt with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,07,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Bolt starts from ₹ 6.20 Lakh, you can get a loan with an annual income as low as ₹ 2.07 lakh.

Here are the most important things you should consider while getting a car loan for a new Bolt

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.