Tata Hexa Car Loan EMI Calculator

₹ 27,816.
Here is how - Tata Hexa price starts from ₹ 16,78,858 in Mumbai. If you pay a down payment of ₹ 3,06,994 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 27,816.

The cheapest Hexa model is XE 4x2 7 STR which is priced at ₹ 16,78,858 in Mumbai. You will need to pay at least a ₹ 3,06,994 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 Hexa.

Version	On-road price in Mumbai	Max Loan
XE 4x2 7 STR	₹ 16,78,858	₹ 13,71,864
XM 4x2 7 STR	₹ 18,69,767	₹ 15,32,445
XM Plus 4x2 7 STR	₹ 19,98,161	₹ 16,40,443
XMA 4x2 7 STR	₹ 20,18,668	₹ 16,57,692
XT 4x2 7 STR	₹ 22,01,942	₹ 18,11,851
XTA 4x2 7 STR	₹ 23,41,372	₹ 19,29,131
XT 4x4 7 STR	₹ 23,61,487	₹ 19,46,051
XT 4x2 6 STR	₹ 22,01,942	₹ 18,11,851
XTA 4x2 6 STR	₹ 23,41,372	₹ 19,29,131
XT 4x4 6 STR	₹ 23,61,487	₹ 19,46,051
XE 4x2 6 STR	₹ 16,78,858	₹ 13,71,864
XT 4x2 Dual Tone 7 STR	₹ 21,26,052	₹ 17,46,238
XT 4x2 Dual Tone 6 STR	₹ 21,26,052	₹ 17,46,238
XTA 4x2 Dual Tone 7 STR	₹ 22,65,481	₹ 18,63,518
XTA 4x2 Dual Tone 6 STR	₹ 22,65,481	₹ 18,63,518
XT 4x4 Dual Tone 7 STR	₹ 22,85,597	₹ 18,80,438
XT 4x4 Dual Tone 6 STR	₹ 22,85,597	₹ 18,80,438

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 Hexa XE 4x2 7 STR will be ₹ 26,167 but you will have to pay interest of ₹ 8,26,164 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 ₹ 52,609, but your interest payment will be only ₹ 5,22,060 over the 3 years period.

₹ 27,816
Tata Hexa price starts from ₹ 16,78,858 in Mumbai.

We have considered
Down-payement : ₹ 3,06,994
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 5,60,000

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 Hexa starts from ₹ 16.79 Lakh, you can get a loan with an annual income as low as ₹ 5.60 lakh.

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

• 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.