Tata Nexon Car Loan EMI Calculator

₹ 15,814.
Here is how - Tata Nexon price starts from ₹ 9,19,184 in Mumbai. If you pay a down payment of ₹ 1,39,284 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,814.

The cheapest Nexon model is XE which is priced at ₹ 9,19,184 in Mumbai. You will need to pay at least a ₹ 1,39,284 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
XE	₹ 9,19,184	₹ 7,79,900
XM	₹ 10,34,309	₹ 8,79,900
XZ Plus	₹ 12,51,443	₹ 10,49,900
XMA	₹ 11,09,150	₹ 9,44,900
XZA Plus	₹ 13,27,600	₹ 11,14,900
XM Diesel	₹ 12,19,614	₹ 10,04,900
XZ Plus Diesel	₹ 14,34,271	₹ 11,84,900
XZA Plus Diesel	₹ 15,11,782	₹ 12,49,900
XM (S)	₹ 11,03,384	₹ 9,39,900
XM (S) Diesel	₹ 13,03,101	₹ 10,74,900
XMA (S)	₹ 11,72,459	₹ 9,99,900
XMA (S) Diesel	₹ 13,80,610	₹ 11,39,900
XZ Plus Dark Edition	₹ 12,86,593	₹ 10,79,900
XZ Plus Diesel Dark Edition	₹ 14,70,045	₹ 12,14,900
XZA Plus Dark Edition	₹ 13,62,750	₹ 11,44,900
XZA Plus Diesel Dark Edition	₹ 15,46,755	₹ 12,79,900
XM Plus (S)	₹ 11,66,702	₹ 9,94,900
XMA Plus (S)	₹ 12,63,160	₹ 10,59,900
XM Plus (S) Diesel	₹ 13,68,686	₹ 11,29,900
XZ Plus (S) Dark Edition	₹ 13,74,466	₹ 11,54,900
XZ Plus LUX	₹ 13,80,324	₹ 11,59,900
XZ Plus LUX Dual Tone	₹ 13,97,899	₹ 11,74,900
XZ Plus LUX Dark Edition	₹ 14,15,474	₹ 11,89,900
XZ Plus LUXS	₹ 14,38,907	₹ 12,09,900
XZ Plus LUXS Kaziranga	₹ 14,50,623	₹ 12,19,900
XZ Plus LUXS Dual Tone	₹ 14,56,481	₹ 12,24,900
XZ Plus LUXS Dark Edition	₹ 14,62,341	₹ 12,29,900
XZ Plus (S) Diesel	₹ 15,23,706	₹ 12,59,900
XZ Plus (S) Diesel Dark Edition	₹ 15,32,640	₹ 12,89,900
XZ Plus LUX Diesel	₹ 15,38,498	₹ 12,94,900
XZ Plus LUX Diesel Dual Tone	₹ 15,83,329	₹ 13,09,900
XZ Plus LUX Diesel Dark Edition	₹ 16,01,216	₹ 13,24,900
XZ Plus LUXS Diesel	₹ 16,25,065	₹ 13,44,900
XZ Plus LUXS Diesel Kaziranga	₹ 16,36,990	₹ 13,54,900
XZ Plus LUXS Diesel Dual Tone	₹ 16,42,952	₹ 13,59,900
XZ Plus LUXS Diesel Dark Edition	₹ 16,48,914	₹ 13,64,900
XZA Plus LUX Diesel	₹ 16,42,952	₹ 13,59,900
XZA Plus LUX Diesel Dual Tone	₹ 16,60,839	₹ 13,74,900
XZA Plus LUX Diesel Dark Edition	₹ 16,78,725	₹ 13,89,900
XZA Plus LUXS Diesel	₹ 17,02,575	₹ 14,09,900
XZA Plus LUXS Diesel Kaziranga	₹ 17,14,499	₹ 14,19,900
XZA Plus LUXS Diesel Dark Edition	₹ 15,65,442	₹ 12,94,900
XZA Plus LUXS Diesel Dual Tone	₹ 17,20,461	₹ 14,24,900
XZA Plus (S) Dark Edition	₹ 14,50,623	₹ 12,19,900
XZA Plus LUX	₹ 14,56,482	₹ 12,24,900
XZA Plus LUX Dual Tone	₹ 14,74,057	₹ 12,39,900
XZA Plus LUX Dark Edition	₹ 14,91,632	₹ 12,54,900
XZA Plus LUXS	₹ 15,15,065	₹ 12,74,900
XZA Plus LUXS Kaziranga	₹ 15,26,781	₹ 12,84,900
XZA Plus LUXS Dual Tone	₹ 15,59,480	₹ 12,89,900
XZA Plus LUXS Dark Edition	₹ 15,38,183	₹ 12,94,900
XZ Plus LUXS Red Dark Edition	₹ 14,68,030	₹ 12,34,900
XZ Plus LUXS Diesel Red Dark Edition	₹ 16,53,819	₹ 13,69,900
XZA Plus LUXS Red Dark Edition	₹ 15,44,029	₹ 12,99,900
XZA Plus LUXS Diesel Red Dark Edition	₹ 17,31,143	₹ 14,34,900

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 XE will be ₹ 14,327 but you will have to pay interest of ₹ 4,23,568 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 ₹ 28,804, but your interest payment will be only ₹ 2,57,044 over the 3 years period.

₹ 15,814
Tata Nexon price starts from ₹ 9,19,184 in Mumbai.

We have considered
Down-payement : ₹ 1,39,284
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 ₹ 3,07,000

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 ₹ 9.19 Lakh, you can get a loan with an annual income as low as ₹ 3.07 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.