Nissan Tekton Car Loan EMI Calculator

₹ 21,270.
Here is how - Nissan Tekton price starts from ₹ 12,49,176 in Mumbai. If you pay a down payment of ₹ 2,00,176 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 21,270.

The cheapest Tekton model is Visia Petrol 1.0L Turbo Manual T160 which is priced at ₹ 12,49,176 in Mumbai. You will need to pay at least a ₹ 2,00,176 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 Tekton.

Version	On-road price in Mumbai	Max Loan
Visia Petrol 1.0L Turbo Manual T160	₹ 12,49,176	₹ 10,49,000
N-Connecta Petrol 1.0L Turbo Manual T160	₹ 16,23,321	₹ 13,69,000
N-Connecta Petrol 1.3L Turbo Automatic (DCT) T280	₹ 19,54,777	₹ 16,49,000
Tekna Plus Petrol 1.0L Turbo Manual T160	₹ 19,54,777	₹ 16,49,000
Tekna Plus Petrol 1.3L Turbo Automatic (DCT) T280	₹ 22,00,310	₹ 18,59,000
Visia Plus Petrol 1.0L Turbo Manual T160	₹ 13,25,174	₹ 11,14,000
Acenta Petrol 1.0L Turbo Manual T160	₹ 14,01,172	₹ 11,79,000
Tekna Petrol 1.0L Turbo Manual T160	₹ 18,26,165	₹ 15,39,000
N-Connecta Petrol 1.3L Turbo Manual T280	₹ 17,75,317	₹ 14,99,000
Tekna Petrol 1.3L Turbo Manual T280	₹ 19,43,085	₹ 16,39,000
Tekna Petrol 1.3L Turbo Automatic (DCT) T280	₹ 21,06,774	₹ 17,79,000
Acenta Petrol 1.3L Turbo Automatic (DCT) T280	₹ 17,75,317	₹ 14,99,000

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 Tekton Visia Petrol 1.0L Turbo Manual T160 will be ₹ 19,470 but you will have to pay interest of ₹ 5,86,480 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 ₹ 39,145, but your interest payment will be only ₹ 3,60,220 over the 3 years period.

₹ 21,270
Nissan Tekton price starts from ₹ 12,49,176 in Mumbai.

We have considered
Down-payement : ₹ 2,00,176
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,17,000

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 Tekton starts from ₹ 12.49 Lakh, you can get a loan with an annual income as low as ₹ 4.17 lakh.

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

• 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.