Tata Bolt Car Loan EMI Calculator

₹ 10,644.
Here is how - Tata Bolt price starts from ₹ 6,29,373 in Pune. If you pay a down payment of ₹ 1,04,427 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,644.

The cheapest Bolt model is XE Petrol which is priced at ₹ 6,29,373 in Pune. You will need to pay at least a ₹ 1,04,427 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 Pune	Max Loan
XT Petrol	₹ 8,08,130	₹ 6,79,744
XT Diesel	₹ 9,48,915	₹ 7,87,862
XE Petrol	₹ 6,29,373	₹ 5,24,946
XM Petrol	₹ 7,01,145	₹ 5,86,994
XMS Petrol	₹ 7,28,995	₹ 6,11,138
XE Diesel	₹ 7,97,296	₹ 6,58,701
XM Diesel	₹ 8,53,672	₹ 7,06,727
XMS Diesel	₹ 8,66,675	₹ 7,17,803

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 ₹ 9,810 but you will have to pay interest of ₹ 2,99,094 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 ₹ 19,722, but your interest payment will be only ₹ 1,85,046 over the 3 years period.

₹ 10,644
Tata Bolt price starts from ₹ 6,29,373 in Pune.

We have considered
Down-payement : ₹ 1,04,427
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 ₹ 2,10,000

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 ₹ 6.29 Lakh, you can get a loan with an annual income as low as ₹ 2.10 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.