Tata Nexon Car Loan EMI Calculator

₹ 16,221.
Here is how - Tata Nexon price starts from ₹ 9,27,608 in Kolkata. If you pay a down payment of ₹ 1,27,618 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 16,221.

The cheapest Nexon model is Smart (O) 1.2 Petrol 5MT which is priced at ₹ 9,27,608 in Kolkata. You will need to pay at least a ₹ 1,27,618 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 Kolkata	Max Loan
Creative 1.2 Petrol 6AMT	₹ 13,69,185	₹ 11,79,990
Pure 1.2 Petrol 6MT	₹ 11,31,187	₹ 9,79,990
Creative 1.2 Petrol 6MT	₹ 12,89,316	₹ 11,09,990
Creative 1.2 Petrol 7DCA	₹ 14,26,235	₹ 12,29,990
Fearless Purple 1.2 Petrol 6MT Dual Tone	₹ 14,60,464	₹ 12,59,990
Fearless Plus (S) Purple 1.2 Petrol 7DCA Dual Tone	₹ 17,11,482	₹ 14,79,990
Pure 1.5 Diesel 6MT	₹ 12,89,316	₹ 11,09,990
Creative 1.5 Diesel 6MT	₹ 14,49,054	₹ 12,49,990
Fearless Plus (S) Purple 1.5 Diesel 6MT Dual Tone	₹ 17,34,302	₹ 14,99,990
Creative 1.5 Diesel 6AMT	₹ 15,17,514	₹ 13,09,990
Fearless Plus (S) Purple 1.5 Diesel 6AMT Dual Tone	₹ 18,02,762	₹ 15,59,990
Pure (S) 1.2 Petrol 6MT	₹ 11,98,036	₹ 10,29,990
Pure (S) 1.5 Diesel 6MT	₹ 13,46,365	₹ 11,59,990
Creative 1.2 Petrol 6MT Dual Tone	₹ 13,00,726	₹ 11,19,990
Creative 1.2 Petrol 6AMT Dual Tone	₹ 13,80,595	₹ 11,89,990
Creative 1.2 Petrol 7DCA Dual Tone	₹ 14,37,644	₹ 12,39,990
Creative 1.5 Diesel 6MT Dual Tone	₹ 14,60,464	₹ 12,59,990
Creative 1.5 Diesel 6AMT Dual Tone	₹ 15,28,924	₹ 13,19,990
Creative Plus 1.2 Petrol 6MT	₹ 13,69,185	₹ 11,79,990
Creative Plus 1.2 Petrol 6MT Dual Tone	₹ 13,80,595	₹ 11,89,990
Creative Plus (S) 1.2 Petrol 6MT	₹ 14,26,235	₹ 12,29,990
Creative Plus (S) 1.2 Petrol 6MT Dual Tone	₹ 14,37,644	₹ 12,39,990
Creative Plus 1.2 Petrol 6AMT	₹ 14,49,054	₹ 12,49,990
Creative Plus 1.2 Petrol 6AMT Dual Tone	₹ 14,60,464	₹ 12,59,990
Creative Plus (S) 1.2 Petrol 6AMT	₹ 15,06,104	₹ 12,99,990
Creative Plus (S) 1.2 Petrol 6AMT Dual Tone	₹ 15,17,514	₹ 13,09,990
Creative Plus 1.2 Petrol 7DCA	₹ 15,06,104	₹ 12,99,990
Creative Plus 1.2 Petrol 7DCA Dual Tone	₹ 15,17,514	₹ 13,09,990
Creative Plus (S) 1.2 Petrol 7DCA	₹ 15,63,154	₹ 13,49,990
Creative Plus (S) 1.2 Petrol 7DCA Dual Tone	₹ 15,74,563	₹ 13,59,990
Creative Plus 1.5 Diesel 6MT	₹ 15,28,924	₹ 13,19,990
Creative Plus 1.5 Diesel 6MT Dual Tone	₹ 15,40,334	₹ 13,29,990
Creative Plus (S) 1.5 Diesel 6MT	₹ 15,85,973	₹ 13,69,990
Creative Plus (S) 1.5 Diesel 6MT Dual Tone	₹ 15,97,383	₹ 13,79,990
Creative Plus 1.5 Diesel 6AMT	₹ 16,08,793	₹ 13,89,990
Creative Plus 1.5 Diesel 6AMT Dual Tone	₹ 16,20,203	₹ 13,99,990
Creative Plus (S) 1.5 Diesel 6AMT	₹ 16,65,843	₹ 14,39,990
Creative Plus (S) 1.5 Diesel 6AMT Dual Tone	₹ 16,77,253	₹ 14,49,990
Smart Plus 1.2 Petrol 5MT	₹ 10,29,397	₹ 8,89,990
Smart Plus (S) 1.2 Petrol 5MT	₹ 10,85,947	₹ 9,39,990
Fearless 1.5 Diesel 6MT Dual Tone	₹ 16,20,203	₹ 13,99,990
Fearless 1.5 Diesel 6AMT Dual Tone	₹ 17,00,073	₹ 14,69,990
Fearless 1.2 Petrol 6MT Dual Tone	₹ 14,60,464	₹ 12,59,990
Fearless Plus (S) 1.2 Petrol 7DCA Dual Tone	₹ 17,11,482	₹ 14,79,990
Fearless Plus (S) 1.5 Diesel 6MT Dual Tone	₹ 17,34,302	₹ 14,99,990
Fearless Plus (S) 1.5 Diesel 6AMT Dual Tone	₹ 18,02,762	₹ 15,59,990
Fearless Plus (S) Purple 1.2 Petrol 7DCA DT	₹ 17,11,482	₹ 14,79,990
Fearless Purple 1.2 Petrol 7DCA Dual Tone	₹ 15,97,383	₹ 13,79,990
Fearless Purple 1.5 Diesel 6MT Dual Tone	₹ 16,20,203	₹ 13,99,990
Fearless Purple 1.5 Diesel 6AMT Dual Tone	₹ 17,00,073	₹ 14,69,990
Fearless (S) Purple 1.2 Petrol 6MT Dual Tone	₹ 15,17,514	₹ 13,09,990
Fearless (S) Purple 1.2 Petrol 7DCA Dual Tone	₹ 16,54,433	₹ 14,29,990
Fearless (S) Purple 1.5 Diesel 6MT Dual Tone	₹ 16,77,253	₹ 14,49,990
Fearless (S) Purple 1.5 Diesel 6AMT Dual Tone	₹ 17,45,712	₹ 15,09,990
Fearless 1.2 Petrol 7DCA Dual Tone	₹ 15,97,383	₹ 13,79,990
Fearless (S) 1.2 Petrol 6MT Dual Tone	₹ 15,17,514	₹ 13,09,990
Fearless Purple 1.2 Petrol 6MT	₹ 15,17,514	₹ 13,09,990
Fearless (S) 1.5 Diesel 6MT Dual Tone	₹ 16,77,253	₹ 14,49,990
Fearless (S)1.5 Diesel 6AMT Dual Tone	₹ 17,45,712	₹ 15,09,990
Fearless Plus 1.2 Petrol 7DCA Dual Tone	₹ 16,54,433	₹ 14,29,990
Fearless Plus 1.5 Diesel 6MT Dual Tone	₹ 16,77,253	₹ 14,49,990
Fearless Plus Purple 1.5 Diesel 6MT Dual Tone	₹ 16,77,253	₹ 14,49,990
Fearless Plus 1.5 Diesel 6AMT Dual Tone	₹ 17,45,712	₹ 15,09,990
Fearless Plus Purple 1.5 Diesel 6AMT Dual Tone	₹ 17,45,712	₹ 15,09,990
Fearless Plus 1.2 Petrol 6MT	₹ 15,17,514	₹ 13,09,990
Fearless Plus (S) 1.2 Petrol 6MT Dual Tone	₹ 15,74,563	₹ 13,59,990
Fearless Plus 1.2 Petrol 7DCA DT	₹ 16,54,433	₹ 14,29,990
Creative 1.2 Petrol 6MT Dark Edition	₹ 13,29,249	₹ 11,44,990
Creative 1.2 Petrol 6AMT Dark Edition	₹ 14,09,119	₹ 12,14,990
Creative 1.2 Petrol 7DCA Dark Edition	₹ 14,66,168	₹ 12,64,990
Creative Plus 1.2 Petrol 6MT Dark Edition	₹ 14,09,119	₹ 12,14,990
Creative Plus 1.2 Petrol 7DCA Dark Edition	₹ 15,46,038	₹ 13,34,990
Creative Plus 1.2 Petrol 6AMT Dark Edition	₹ 14,88,988	₹ 12,84,990
Creative Plus (S) 1.2 Petrol 6AMT Dark Edition	₹ 15,46,038	₹ 13,34,990
Creative Plus (S) 1.2 Petrol 6MT Dark Edition	₹ 14,66,168	₹ 12,64,990
Creative Plus (S) 1.2 Petrol 7DCA Dark Edition	₹ 16,03,087	₹ 13,84,990
Fearless 1.2 Petrol 7DCA Dark Edition	₹ 16,36,317	₹ 14,14,990
Fearless Plus (S) 1.2 Petrol 7DCA Dark Edition	₹ 17,34,301	₹ 14,99,990
Fearless 1.2 Petrol 6MT Dark Edition	₹ 15,00,398	₹ 12,94,990
Fearless (S) 1.2 Petrol 6MT Dark Edition	₹ 15,97,382	₹ 13,79,990
Creative 1.5 Diesel 6AMT Dark Edition	₹ 15,57,448	₹ 13,44,990
Creative Plus 1.5 Diesel 6AMT Dark Edition	₹ 16,48,727	₹ 14,24,990
Creative 1.5 Diesel 6MT Dark Edition	₹ 14,88,988	₹ 12,84,990
Creative Plus 1.5 Diesel 6MT Dark Edition	₹ 15,68,858	₹ 13,54,990
Creative Plus (S) 1.5 Diesel 6AMT Dark Edition	₹ 17,05,776	₹ 14,74,990
Fearless 1.5 Diesel 6MT Dark Edition	₹ 16,60,137	₹ 14,34,990
Fearless 1.5 Diesel 6AMT Dark Edition	₹ 17,40,006	₹ 15,04,990
Fearless Plus (S) 1.5 Diesel 6AMT Dark Edition	₹ 18,25,581	₹ 15,79,990
Fearless Plus (S) 1.5 Diesel 6MT Dark Edition	₹ 17,57,121	₹ 15,19,990
Smart Plus 1.2 Petrol 6AMT	₹ 11,19,877	₹ 9,69,990
Pure 1.2 Petrol 6AMT	₹ 12,20,855	₹ 10,49,990
Pure (S) 1.2 Petrol 6AMT	₹ 12,77,905	₹ 10,99,990
Creative Plus (S) 1.5 Diesel 6MT Dark Edition	₹ 16,25,907	₹ 14,04,990
Pure 1.5 Diesel 6AMT	₹ 13,69,184	₹ 11,79,990
Pure (S) 1.5 Diesel 6AMT	₹ 14,26,234	₹ 12,29,990
Smart (O) 1.2 Petrol 5MT	₹ 9,27,608	₹ 7,99,990
Smart Plus 1.2 Diesel 6MT	₹ 11,53,807	₹ 9,99,990
Smart Plus (S) 1.2 Diesel 6MT	₹ 12,20,855	₹ 10,49,990

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 (O) 1.2 Petrol 5MT will be ₹ 14,458 but you will have to pay interest of ₹ 4,14,482 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 ₹ 29,068, but your interest payment will be only ₹ 2,46,458 over the 3 years period.

₹ 16,221
Tata Nexon price starts from ₹ 9,27,608 in Kolkata.

We have considered
Down-payement : ₹ 1,27,618
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 ₹ 3,10,000

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 ₹ 9.28 Lakh, you can get a loan with an annual income as low as ₹ 3.10 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.