Tata Bolt Car Loan EMI Calculator

₹ 10,798.
Here is how - Tata Bolt price starts from ₹ 6,39,034 in Mumbai. If you pay a down payment of ₹ 1,06,471 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,798.

The cheapest Bolt model is XE Petrol which is priced at ₹ 6,39,034 in Mumbai. You will need to pay at least a ₹ 1,06,471 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 Mumbai	Max Loan
XT Petrol	₹ 8,17,698	₹ 6,88,059
XT Diesel	₹ 9,58,202	₹ 7,96,206
XE Petrol	₹ 6,39,034	₹ 5,32,563
XM Petrol	₹ 7,10,550	₹ 5,94,806
XMS Petrol	₹ 7,37,898	₹ 6,18,607
XE Diesel	₹ 8,06,380	₹ 6,66,377
XM Diesel	₹ 8,62,700	₹ 7,14,538
XMS Diesel	₹ 8,75,244	₹ 7,25,265

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 ₹ 9,960 but you will have to pay interest of ₹ 3,04,077 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 ₹ 20,025, but your interest payment will be only ₹ 1,88,337 over the 3 years period.

₹ 10,798
Tata Bolt price starts from ₹ 6,39,034 in Mumbai.

We have considered
Down-payement : ₹ 1,06,471
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 ₹ 2,14,000

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 ₹ 6.39 Lakh, you can get a loan with an annual income as low as ₹ 2.14 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.