Tata Altroz Car Loan EMI Calculator

₹ 13,076.
Here is how - Tata Altroz price starts from ₹ 7,62,561 in Mumbai. If you pay a down payment of ₹ 1,17,661 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,076.

The cheapest Altroz model is XE Petrol which is priced at ₹ 7,62,561 in Mumbai. You will need to pay at least a ₹ 1,17,661 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
XZ Petrol	₹ 9,87,054	₹ 8,39,900
XZ Diesel	₹ 11,36,716	₹ 9,69,900
XE Petrol	₹ 7,62,561	₹ 6,44,900
XT Petrol	₹ 9,29,491	₹ 7,89,900
XT Diesel	₹ 10,98,295	₹ 9,19,900
XM Plus Petrol	₹ 8,71,929	₹ 7,39,900
XZ Plus Petrol	₹ 10,44,720	₹ 8,89,990
XZ Plus Diesel	₹ 12,36,311	₹ 10,19,900
XZ i-Turbo Petrol	₹ 10,56,129	₹ 8,99,900
XZ Plus i-Turbo Petrol	₹ 11,13,691	₹ 9,49,900
XZ (O) i-Turbo Petrol	₹ 10,56,129	₹ 8,99,900
XZ Plus Petrol Dark Edition	₹ 10,67,642	₹ 9,09,900
XZ Plus i-Turbo Petrol Dark Edition	₹ 11,56,898	₹ 9,69,900
XM Plus Diesel	₹ 10,39,693	₹ 8,69,900
XE Plus Petrol	₹ 7,85,586	₹ 6,64,900
XE Plus Diesel	₹ 9,57,648	₹ 7,99,900
XT Petrol Dark Edition	₹ 9,70,936	₹ 8,25,900
XZ Plus Diesel Dark Edition	₹ 12,61,465	₹ 10,39,900
XMA Plus Petrol	₹ 9,98,566	₹ 8,49,900
XTA Petrol	₹ 10,56,129	₹ 8,99,900
XZA Petrol	₹ 11,13,691	₹ 9,49,900
XZA Plus Petrol	₹ 11,71,357	₹ 9,99,990
XTA Petrol Dark Edtion	₹ 10,97,574	₹ 9,35,900
XZA Plus Petrol Dark Edtion	₹ 11,71,357	₹ 9,99,990

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 ₹ 11,885 but you will have to pay interest of ₹ 3,53,440 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 ₹ 23,896, but your interest payment will be only ₹ 2,15,356 over the 3 years period.

₹ 13,076
Tata Altroz price starts from ₹ 7,62,561 in Mumbai.

We have considered
Down-payement : ₹ 1,17,661
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 ₹ 2,55,000

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 ₹ 7.63 Lakh, you can get a loan with an annual income as low as ₹ 2.55 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.