Tata Altroz Car Loan EMI Calculator

₹ 13,484.
Here is how - Tata Altroz price starts from ₹ 7,76,748 in Mumbai. If you pay a down payment of ₹ 1,11,758 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,484.

The cheapest Altroz model is XE Petrol which is priced at ₹ 7,76,748 in Mumbai. You will need to pay at least a ₹ 1,11,758 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 Altroz.

Version	On-road price in Mumbai	Max Loan
XE iCNG	₹ 8,62,442	₹ 7,59,990
Racer R1	₹ 11,00,658	₹ 9,49,990
XE Petrol	₹ 7,76,748	₹ 6,64,990
XM Plus Petrol	₹ 8,73,353	₹ 7,49,990
XT Petrol	₹ 9,52,910	₹ 8,19,990
XZ Petrol	₹ 10,09,736	₹ 8,69,990
XMA Plus Petrol	₹ 9,87,005	₹ 8,49,990
XTA Petrol	₹ 10,66,562	₹ 9,19,990
XZ i-Turbo Petrol	₹ 10,79,054	₹ 9,19,900
XT Diesel	₹ 11,00,658	₹ 9,49,990
XZA Petrol	₹ 11,23,389	₹ 9,69,990
XZ Diesel	₹ 11,57,484	₹ 9,99,990
XM Plus Diesel	₹ 10,21,102	₹ 8,79,990
XM Plus iCNG	₹ 9,47,352	₹ 8,44,990
XM Plus (S) iCNG	₹ 9,80,234	₹ 8,74,990
XZ iCNG	₹ 10,84,360	₹ 9,69,990
XZ Plus (S) iCNG	₹ 11,59,975	₹ 10,19,990
XZ Plus (O) (S) iCNG	₹ 12,49,293	₹ 10,99,990
XM Plus (S)	₹ 9,07,449	₹ 7,79,990
XMA Plus (S)	₹ 10,39,868	₹ 8,79,990
XZ Plus (S)	₹ 10,66,562	₹ 9,19,990
XZ Plus (S) Dark Edition	₹ 11,00,658	₹ 9,49,990
XZ Plus (O) (S)	₹ 11,57,484	₹ 9,99,990
XZA Plus (S)	₹ 12,01,026	₹ 10,19,990
XZA Plus (S) Dark Edition	₹ 12,35,734	₹ 10,49,990
XZA Plus (O) (S)	₹ 12,93,581	₹ 10,99,990
XZ Plus i-Turbo (S)	₹ 11,23,389	₹ 9,69,990
XZ Plus i-Turbo (S) Dark Edition	₹ 12,03,377	₹ 10,09,990
XM Plus (S) Diesel	₹ 10,74,589	₹ 9,09,990
XZ Plus (S) Diesel	₹ 12,35,734	₹ 10,49,990
XZ Plus (S) Dark Edition Diesel	₹ 12,93,379	₹ 10,79,990
XM Petrol	₹ 8,05,161	₹ 6,89,990
XM (S) Petrol	₹ 8,39,258	₹ 7,19,990
Racer R2	₹ 12,35,734	₹ 10,49,990
Racer R3	₹ 12,93,581	₹ 10,99,990
XZ LUX	₹ 10,43,832	₹ 8,99,990
XZ Plus (S) LUX	₹ 11,23,389	₹ 9,69,990
XZ Plus (S) Lux Dark Edition Petrol	₹ 11,57,484	₹ 9,99,990
XZA Lux Petrol	₹ 11,57,484	₹ 9,99,990
XZA Plus (S) Lux Petrol	₹ 12,58,872	₹ 10,69,990
XZA Plus (S) Lux Dark Edition Petrol	₹ 12,93,581	₹ 10,99,990
XZ Lux CNG	₹ 11,17,243	₹ 9,99,990
XZ Plus (S) Lux CNG	₹ 12,15,799	₹ 10,69,990
XZ LUX Diesel	₹ 12,34,491	₹ 10,29,990
XZ Plus (S) LUX Diesel	₹ 12,93,581	₹ 10,99,990

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 Altroz XE Petrol will be ₹ 12,107 but you will have to pay interest of ₹ 3,51,998 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 ₹ 24,340, but your interest payment will be only ₹ 2,11,250 over the 3 years period.

₹ 13,484
Tata Altroz price starts from ₹ 7,76,748 in Mumbai.

We have considered
Down-payement : ₹ 1,11,758
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,59,000

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 Altroz starts from ₹ 7.77 Lakh, you can get a loan with an annual income as low as ₹ 2.59 lakh.

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

• 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.