Tata Nexon Car Loan EMI Calculator

₹ 15,004.
Here is how - Tata Nexon price starts from ₹ 8,69,873 in Mumbai. If you pay a down payment of ₹ 1,29,883 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,004.

The cheapest Nexon model is Smart Petrol 1.2L Turbo 5 Speed Manual which is priced at ₹ 8,69,873 in Mumbai. You will need to pay at least a ₹ 1,29,883 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 Nexon.

Version	On-road price in Mumbai	Max Loan
Smart Petrol 1.2L Turbo 5 Speed Manual	₹ 8,69,873	₹ 7,39,990
Smart Plus Petrol 1.2L Turbo 5 Speed Manual	₹ 9,59,108	₹ 8,14,990
Smart Plus (S) Petrol 1.2L Turbo 5 Speed Manual	₹ 9,93,578	₹ 8,44,990
Pure Plus Petrol 1.2L Turbo 6 Speed Manual	₹ 10,56,773	₹ 8,99,990
Pure Plus (S) Petrol 1.2L Turbo 6 Speed Manual	₹ 10,91,243	₹ 9,29,990
Creative Petrol 1.2L Turbo 6 Speed Manual	₹ 11,71,673	₹ 9,99,990
Creative Plus (S) Petrol 1.2L Turbo 6 Speed Manual	₹ 12,38,640	₹ 10,39,990
Creative Plus (S) Petrol 1.2L Turbo 6 Speed Manual Dark Edition	₹ 12,91,254	₹ 10,84,990
Creative Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Dual Tone	₹ 13,55,561	₹ 11,39,990
Fearless Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Dark Edition	₹ 14,90,019	₹ 12,54,990
Smart Plus Petrol 1.2L Turbo Automatic (AMT)	₹ 10,45,283	₹ 8,89,990
Pure Plus Petrol 1.2L Turbo Automatic (AMT)	₹ 11,31,458	₹ 9,64,990
Pure Plus (S) Petrol 1.2L Turbo Automatic (AMT)	₹ 11,65,928	₹ 9,94,990
Creative Petrol 1.2L Turbo Automatic (AMT)	₹ 12,91,254	₹ 10,84,990
Creative Plus (S) Petrol 1.2L Turbo Automatic (AMT)	₹ 13,20,484	₹ 11,09,990
Creative Plus (S) Petrol 1.2L Turbo Automatic (AMT) Dark Edition	₹ 13,73,099	₹ 11,54,990
Creative Petrol 1.2L Turbo Automatic (DCT)	₹ 13,49,715	₹ 11,34,990
Creative Plus (PS) Petrol 1.2L Turbo Automatic (DCT) Dual Tone	₹ 14,90,019	₹ 12,54,990
Fearless Plus (PS) Petrol 1.2L Turbo Automatic (DCT) Dark Edition	₹ 15,95,014	₹ 13,44,790
Smart CNG 1.2L Turbo 6 Speed Manual	₹ 9,56,537	₹ 8,34,990
Smart Plus CNG 1.2L Turbo 6 Speed Manual	₹ 10,57,193	₹ 9,24,990
Smart Plus (S) CNG 1.2L Turbo 6 Speed Manual	₹ 10,90,745	₹ 9,54,990
Pure Plus CNG 1.2L Turbo 6 Speed Manual	₹ 11,29,889	₹ 9,89,990
Creative CNG 1.2L Turbo 6 Speed Manual	₹ 12,92,211	₹ 11,14,990
Creative Plus (PS) CNG 1.2L Turbo 6 Speed Manual Dual Tone	₹ 14,28,844	₹ 12,34,990
Creative Plus (S) CNG 1.2L Turbo 6 Speed Manual Dark Edition	₹ 13,66,221	₹ 11,79,990
Fearless Plus (PS) CNG 1.2L Turbo 6 Speed Manual Dual Tone	₹ 15,37,011	₹ 13,29,990
Fearless Plus (PS) CNG 1.2L Turbo 6 Speed Manual Dark Edition	₹ 15,59,783	₹ 13,49,990
Pure Plus (S) Diesel 1.5L Turbo 6 Speed Manual	₹ 12,59,856	₹ 10,39,990
Creative Diesel 1.5L Turbo 6 Speed Manual	₹ 13,66,920	₹ 11,29,990
Creative Plus (S) Diesel 1.5L Turbo 6 Speed Manual	₹ 13,96,661	₹ 11,54,990
Smart Plus Diesel 1.5L Turbo 6 Speed Manual	₹ 10,92,674	₹ 9,14,990
Smart Plus (S) Diesel 1.5L Turbo 6 Speed Manual	₹ 11,27,756	₹ 9,44,990
Pure Plus Diesel 1.5L Turbo 6 Speed Manual	₹ 11,92,073	₹ 9,99,990
Fearless Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dual Tone	₹ 16,22,685	₹ 13,44,990
Creative Plus (S) Diesel 1.5L Turbo 6 Speed Manual Dark Edition	₹ 14,44,245	₹ 11,94,990
Creative Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dual Tone	₹ 15,09,673	₹ 12,49,990
Fearless Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dark Edition	₹ 16,46,477	₹ 13,64,990
Pure Plus Diesel 1.5L Turbo Automatic (AMT)	₹ 13,01,492	₹ 10,74,990
Creative Diesel 1.5L Turbo Automatic (AMT)	₹ 14,38,297	₹ 11,89,990
Creative Plus (S) Diesel 1.5L Turbo Automatic (AMT)	₹ 14,73,985	₹ 12,19,990
Fearless Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dark Edition	₹ 17,23,801	₹ 14,29,990
Creative Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dual Tone	₹ 15,86,997	₹ 13,14,990
Creative Plus (S) Diesel 1.5L Turbo Automatic (AMT) Dark Edition	₹ 15,21,569	₹ 12,59,990
Fearless Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dual Tone	₹ 17,00,009	₹ 14,09,990
Fearless Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Red Dark Edition	₹ 15,01,711	₹ 12,64,990
Creative Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Dual Tone Dark Edition	₹ 14,02,329	₹ 11,79,990
Fearless Plus (PS) Petrol 1.2L Turbo 6 Speed Manual	₹ 14,66,635	₹ 12,34,990
Pure Plus (S) CNG 1.2L Turbo 6 Speed Manual	₹ 11,41,073	₹ 9,99,990
Creative Plus (S) CNG 1.2L Turbo 6 Speed Manual	₹ 13,26,370	₹ 11,44,990
Creative Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dual Tone Dark Edition	₹ 15,57,257	₹ 12,89,990
Fearless Plus A (PS) Petrol 1.2L Turbo Automatic (DCT)	₹ 16,24,477	₹ 13,69,990
Fearless Plus A (PS) Petrol 1.2L Turbo Automatic (DCT) Dark Edition	₹ 16,47,861	₹ 13,89,990
Fearless Plus A (PS) Petrol 1.2L Turbo Automatic (DCT) Red Dark Edition	₹ 16,59,553	₹ 13,99,990
Creative Plus (PS) Petrol 1.2L Turbo Automatic (DCT) Dual Tone Dark Edition	₹ 15,33,279	₹ 12,91,990
Pure Plus (PS) Diesel 1.5L Turbo Automatic (AMT)	₹ 13,60,972	₹ 11,24,990
Pure Plus (PS) Petrol 1.2L Turbo Automatic (AMT)	₹ 12,15,256	₹ 10,19,990
Pure Plus (PS) Petrol 1.2L Turbo 6 Speed Manual	₹ 11,31,458	₹ 9,64,990
Pure Plus (PS) Diesel 1.5L Turbo 6 Speed Manual	₹ 12,83,648	₹ 10,59,990
Pure Plus (PS) CNG 1.2L Turbo 6 Speed Manual	₹ 12,18,202	₹ 10,49,990
Creative Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dark Edition	₹ 16,34,581	₹ 13,54,990
Fearless Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Red Dark Edition	₹ 16,58,373	₹ 13,74,990
Fearless Plus (PS) Petrol 1.2L Turbo Automatic (AMT) Red Dark Edition	₹ 17,06,321	₹ 14,39,990
Creative Plus (PS) CNG 1.2L Turbo 6 Speed Manual Dark Edition	₹ 14,74,388	₹ 12,74,990
Creative Plus (PS) CNG 1.2L Turbo 6 Speed Manual Red Dark Edition	₹ 15,71,169	₹ 13,59,990

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 Nexon Smart Petrol 1.2L Turbo 5 Speed Manual will be ₹ 13,558 but you will have to pay interest of ₹ 3,98,882 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 ₹ 27,259, but your interest payment will be only ₹ 2,41,334 over the 3 years period.

₹ 15,004
Tata Nexon price starts from ₹ 8,69,873 in Mumbai.

We have considered
Down-payement : ₹ 1,29,883
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,90,000

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 Nexon starts from ₹ 8.70 Lakh, you can get a loan with an annual income as low as ₹ 2.90 lakh.

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

• 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.