Tata Curvv EV Car Loan EMI Calculator

₹ 34,450.
Here is how - Tata Curvv EV price starts from ₹ 18,03,593 in Mumbai. If you pay a down payment of ₹ 1,04,593 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 34,450.

The cheapest Curvv EV model is Accomplished X 55.0 kWh which is priced at ₹ 18,03,593 in Mumbai. You will need to pay at least a ₹ 1,04,593 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 Curvv EV.

Version	On-road price in Mumbai	Max Loan
Accomplished X 55.0 kWh	₹ 18,03,593	₹ 16,99,000
Empowered X 55.0 kWh	₹ 20,33,890	₹ 19,19,000
Empowered X 55.0 kWh Dark edition	₹ 20,65,294	₹ 19,49,000

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 Curvv EV Accomplished X 55.0 kWh will be ₹ 28,111 but you will have to pay interest of ₹ 6,62,324 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 ₹ 56,518, but your interest payment will be only ₹ 3,35,648 over the 3 years period.

₹ 34,450
Tata Curvv EV price starts from ₹ 18,03,593 in Mumbai.

We have considered
Down-payement : ₹ 1,04,593
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,02,000

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 Curvv EV starts from ₹ 18.04 Lakh, you can get a loan with an annual income as low as ₹ 6.02 lakh.

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

• 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.