Tata Zest Car Loan EMI Calculator

₹ 12,021.
Here is how - Tata Zest price starts from ₹ 6,64,622 in Howrah. If you pay a down payment of ₹ 71,746 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,021.

The cheapest Zest model is XE Petrol which is priced at ₹ 6,64,622 in Howrah. You will need to pay at least a ₹ 71,746 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 Zest.

Version	On-road price in Howrah	Max Loan
XT Petrol	₹ 8,25,590	₹ 7,40,448
XT Diesel	₹ 9,64,681	₹ 8,65,214
XE 75 PS Diesel	₹ 8,11,275	₹ 7,27,324
XE Petrol	₹ 6,64,622	₹ 5,92,876
XM Petrol	₹ 7,39,407	₹ 6,61,437
XMS Petrol	₹ 7,60,440	₹ 6,80,719
XM Diesel	₹ 7,85,963	₹ 7,14,215
XMA Diesel	₹ 9,43,884	₹ 8,46,148
XMS Diesel	₹ 8,16,265	₹ 7,42,022
XTA Diesel	₹ 10,99,703	₹ 9,89,000
XMS 75 PS Diesel	₹ 8,96,529	₹ 8,02,734
XM 75 PS Diesel	₹ 8,65,049	₹ 7,76,624
Premio	₹ 8,87,966	₹ 7,97,633

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 Zest XE Petrol will be ₹ 10,359 but you will have to pay interest of ₹ 2,77,280 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 ₹ 20,827, but your interest payment will be only ₹ 1,56,896 over the 3 years period.

₹ 12,021
Tata Zest price starts from ₹ 6,64,622 in Howrah.

We have considered
Down-payement : ₹ 71,746
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,22,000

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 Zest starts from ₹ 6.65 Lakh, you can get a loan with an annual income as low as ₹ 2.22 lakh.

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

• 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.