Tata Harrier EV Car Loan EMI Calculator

₹ 43,574.
Here is how - Tata Harrier EV price starts from ₹ 22,66,253 in Mumbai. If you pay a down payment of ₹ 1,17,253 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 43,574.

The cheapest Harrier EV model is Adventure 2WD 65.0 kWh which is priced at ₹ 22,66,253 in Mumbai. You will need to pay at least a ₹ 1,17,253 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 Harrier EV.

Version	On-road price in Mumbai	Max Loan
Adventure 2WD 65.0 kWh	₹ 22,66,253	₹ 21,49,000
Empowered 2WD 75.0 kWh	₹ 28,63,569	₹ 27,49,000
Fearless Plus 2WD 65.0 kWh	₹ 25,03,320	₹ 23,99,000
Empowered Stealth Edition AWD 75.0 kWh	₹ 30,95,158	₹ 29,74,000
Adventure S 2WD 65.0 kWh	₹ 23,18,167	₹ 21,99,000
Fearless Plus 2WD 75.0 kWh	₹ 26,06,248	₹ 24,99,000
Empowered AWD 75.0 kWh	₹ 30,17,960	₹ 28,99,000
Adventure 2WD 65.0 kWh ACFC	₹ 23,17,130	₹ 21,98,000
Adventure S 2WD 65.0 kWh ACFC	₹ 23,47,899	₹ 22,48,000
Fearless Plus 2WD 65.0 kWh ACFC	₹ 25,53,755	₹ 24,48,000
Fearless Plus 2WD 75.0 kWh ACFC	₹ 26,56,683	₹ 25,48,000
Empowered 2WD 75.0 kWh ACFC	₹ 29,14,004	₹ 27,98,000
Empowered Stealth Edition AWD 75.0 kWh ACFC	₹ 31,45,852	₹ 30,23,000
Empowered AWD 75.0 kWh ACFC	₹ 30,68,395	₹ 29,48,000
Empowered Stealth Edition 2WD 75.0 kWh	₹ 29,40,765	₹ 28,24,000
Empowered Stealth Edition 2WD 75.0 kWh ACFC	₹ 29,91,199	₹ 28,73,000
Fearless Plus AWD 75.0 kWh	₹ 28,17,532	₹ 26,49,000

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 Harrier EV Adventure 2WD 65.0 kWh will be ₹ 35,322 but you will have to pay interest of ₹ 8,18,048 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 ₹ 71,016, but your interest payment will be only ₹ 4,07,576 over the 3 years period.

₹ 43,574
Tata Harrier EV price starts from ₹ 22,66,253 in Mumbai.

We have considered
Down-payement : ₹ 1,17,253
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 7,56,000

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 Harrier EV starts from ₹ 22.66 Lakh, you can get a loan with an annual income as low as ₹ 7.56 lakh.

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