Tata Nexon Car Loan EMI Calculator

₹ 16,221.
Here is how - Tata Nexon price starts from ₹ 9,40,313 in Mumbai. If you pay a down payment of ₹ 1,40,323 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 ₹ 9,40,313 in Mumbai. You will need to pay at least a ₹ 1,40,323 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
Creative 1.2 Petrol 6AMT	₹ 13,57,061	₹ 11,39,990
Pure 1.2 Petrol 6MT	₹ 11,38,703	₹ 9,69,990
Creative 1.2 Petrol 6MT	₹ 12,75,216	₹ 10,69,990
Creative 1.2 Petrol 7DCA	₹ 14,15,521	₹ 11,89,990
Fearless Purple 1.2 Petrol 6MT Dual Tone	₹ 14,62,289	₹ 12,29,990
Fearless Plus (S) Purple 1.2 Petrol 7DCA Dual Tone	₹ 17,19,513	₹ 14,49,990
Pure 1.5 Diesel 6MT	₹ 13,32,732	₹ 10,99,990
Creative 1.5 Diesel 6MT	₹ 14,63,589	₹ 12,09,990
Fearless Plus (S) Purple 1.5 Diesel 6MT Dual Tone	₹ 17,72,885	₹ 14,69,990
Creative 1.5 Diesel 6AMT	₹ 15,34,965	₹ 12,69,990
Fearless Plus (S) Purple 1.5 Diesel 6AMT Dual Tone	₹ 18,48,341	₹ 15,29,990
Pure (S) 1.2 Petrol 6MT	₹ 11,73,173	₹ 9,99,990
Pure (S) 1.5 Diesel 6MT	₹ 13,68,420	₹ 11,29,990
Creative 1.2 Petrol 6MT Dual Tone	₹ 12,86,908	₹ 10,79,990
Creative 1.2 Petrol 6AMT Dual Tone	₹ 13,68,753	₹ 11,49,990
Creative 1.2 Petrol 7DCA Dual Tone	₹ 14,27,213	₹ 11,99,990
Creative 1.5 Diesel 6MT Dual Tone	₹ 14,75,485	₹ 12,19,990
Creative 1.5 Diesel 6AMT Dual Tone	₹ 15,46,861	₹ 12,79,990
Creative Plus 1.2 Petrol 6MT	₹ 13,33,676	₹ 11,19,990
Creative Plus 1.2 Petrol 6MT Dual Tone	₹ 13,45,368	₹ 11,29,990
Creative Plus (S) 1.2 Petrol 6MT	₹ 13,68,753	₹ 11,49,990
Creative Plus (S) 1.2 Petrol 6MT Dual Tone	₹ 13,92,137	₹ 11,69,990
Creative Plus 1.2 Petrol 6AMT	₹ 14,15,521	₹ 11,89,990
Creative Plus 1.2 Petrol 6AMT Dual Tone	₹ 14,27,213	₹ 11,99,990
Creative Plus (S) 1.2 Petrol 6AMT	₹ 14,50,597	₹ 12,19,990
Creative Plus (S) 1.2 Petrol 6AMT Dual Tone	₹ 14,73,981	₹ 12,39,990
Creative Plus 1.2 Petrol 7DCA	₹ 14,73,981	₹ 12,39,990
Creative Plus 1.2 Petrol 7DCA Dual Tone	₹ 14,85,673	₹ 12,49,990
Creative Plus (S) 1.2 Petrol 7DCA	₹ 15,09,057	₹ 12,69,990
Creative Plus (S) 1.2 Petrol 7DCA Dual Tone	₹ 15,32,441	₹ 12,89,990
Creative Plus 1.5 Diesel 6MT	₹ 15,23,069	₹ 12,59,990
Creative Plus 1.5 Diesel 6MT Dual Tone	₹ 15,34,965	₹ 12,69,990
Creative Plus (S) 1.5 Diesel 6MT	₹ 15,58,757	₹ 12,89,990
Creative Plus (S) 1.5 Diesel 6MT Dual Tone	₹ 15,82,549	₹ 13,09,990
Creative Plus 1.5 Diesel 6AMT	₹ 16,06,341	₹ 13,29,990
Creative Plus 1.5 Diesel 6AMT Dual Tone	₹ 16,18,237	₹ 13,39,990
Creative Plus (S) 1.5 Diesel 6AMT	₹ 16,42,029	₹ 13,59,990
Creative Plus (S) 1.5 Diesel 6AMT Dual Tone	₹ 16,65,821	₹ 13,79,990
Smart Plus 1.2 Petrol 5MT	₹ 10,23,803	₹ 8,69,990
Smart Plus (S) 1.2 Petrol 5MT	₹ 10,58,273	₹ 8,99,990
Fearless 1.5 Diesel 6MT Dual Tone	₹ 16,53,925	₹ 13,69,990
Fearless 1.5 Diesel 6AMT Dual Tone	₹ 17,37,197	₹ 14,39,990
Fearless 1.2 Petrol 6MT Dual Tone	₹ 14,62,289	₹ 12,29,990
Fearless Plus (S) 1.2 Petrol 7DCA Dual Tone	₹ 17,19,513	₹ 14,49,990
Fearless Plus (S) 1.5 Diesel 6MT Dual Tone	₹ 17,72,885	₹ 14,69,990
Fearless Plus (S) 1.5 Diesel 6AMT Dual Tone	₹ 18,48,341	₹ 15,29,990
Fearless Plus (S) Purple 1.2 Petrol 7DCA DT	₹ 17,55,673	₹ 14,79,990
Fearless Purple 1.2 Petrol 7DCA Dual Tone	₹ 16,02,593	₹ 13,49,990
Fearless Purple 1.5 Diesel 6MT Dual Tone	₹ 16,53,925	₹ 13,69,990
Fearless Purple 1.5 Diesel 6AMT Dual Tone	₹ 17,37,197	₹ 14,39,990
Fearless (S) Purple 1.2 Petrol 6MT Dual Tone	₹ 15,55,825	₹ 13,09,990
Fearless (S) Purple 1.2 Petrol 7DCA Dual Tone	₹ 16,97,092	₹ 14,29,990
Fearless (S) Purple 1.5 Diesel 6MT Dual Tone	₹ 17,50,696	₹ 14,49,990
Fearless (S) Purple 1.5 Diesel 6AMT Dual Tone	₹ 18,22,244	₹ 15,09,990
Fearless 1.2 Petrol 7DCA Dual Tone	₹ 16,02,593	₹ 13,49,990
Fearless (S) 1.2 Petrol 6MT Dual Tone	₹ 15,55,825	₹ 13,09,990
Fearless Purple 1.2 Petrol 6MT	₹ 15,55,825	₹ 13,09,990
Fearless (S) 1.5 Diesel 6MT Dual Tone	₹ 17,50,696	₹ 14,49,990
Fearless (S)1.5 Diesel 6AMT Dual Tone	₹ 18,22,244	₹ 15,09,990
Fearless Plus 1.5 Diesel 6MT Dual Tone	₹ 17,50,696	₹ 14,49,990
Fearless Plus Purple 1.5 Diesel 6MT Dual Tone	₹ 17,50,696	₹ 14,49,990
Fearless Plus 1.5 Diesel 6AMT Dual Tone	₹ 18,22,244	₹ 15,09,990
Fearless Plus Purple 1.5 Diesel 6AMT Dual Tone	₹ 18,22,244	₹ 15,09,990
Fearless Plus 1.2 Petrol 6MT	₹ 15,55,825	₹ 13,09,990
Fearless Plus (S) 1.2 Petrol 6MT Dual Tone	₹ 15,79,209	₹ 13,29,990
Fearless Plus 1.2 Petrol 7DCA DT	₹ 16,02,593	₹ 13,49,990
Pure 1.2 iCNG	₹ 12,30,445	₹ 10,69,000
Creative 1.2 iCNG	₹ 13,43,285	₹ 11,69,000
Fearless Plus PS 1.2 iCNG	₹ 16,70,522	₹ 14,59,000
Creative 1.2 Petrol 6MT Dark Edition	₹ 13,10,292	₹ 10,99,990
Creative 1.2 Petrol 6AMT Dark Edition	₹ 13,92,137	₹ 11,69,990
Creative 1.2 Petrol 7DCA Dark Edition	₹ 14,50,597	₹ 12,19,990
Creative Plus 1.2 Petrol 6MT Dark Edition	₹ 13,86,291	₹ 11,64,990
Creative Plus 1.2 Petrol 7DCA Dark Edition	₹ 15,26,595	₹ 12,84,990
Creative Plus 1.2 Petrol 6AMT Dark Edition	₹ 14,68,135	₹ 12,34,990
Creative Plus (S) 1.2 Petrol 6AMT Dark Edition	₹ 14,97,365	₹ 12,59,990
Creative Plus (S) 1.2 Petrol 6MT Dark Edition	₹ 14,15,521	₹ 11,89,990
Creative Plus (S) 1.2 Petrol 7DCA Dark Edition	₹ 15,55,825	₹ 13,09,990
Fearless 1.2 Petrol 7DCA Dark Edition	₹ 16,43,515	₹ 13,84,990
Fearless Plus (S) 1.2 Petrol 7DCA Dark Edition	₹ 17,42,897	₹ 14,69,990
Fearless 1.2 Petrol 6MT Dark Edition	₹ 15,03,211	₹ 12,64,990
Fearless (S) 1.2 Petrol 6MT Dark Edition	₹ 16,37,669	₹ 13,79,990
Creative 1.5 Diesel 6AMT Dark Edition	₹ 15,70,653	₹ 12,99,990
Creative Plus 1.5 Diesel 6AMT Dark Edition	₹ 16,59,873	₹ 13,74,990
Creative 1.5 Diesel 6MT Dark Edition	₹ 14,99,277	₹ 12,39,990
Creative Plus 1.5 Diesel 6MT Dark Edition	₹ 15,76,601	₹ 13,04,990
Creative Plus (S) 1.5 Diesel 6AMT Dark Edition	₹ 16,89,613	₹ 13,99,990
Fearless 1.5 Diesel 6MT Dark Edition	₹ 16,95,561	₹ 14,04,990
Fearless 1.5 Diesel 6AMT Dark Edition	₹ 17,78,833	₹ 14,74,990
Fearless Plus (S) 1.5 Diesel 6AMT Dark Edition	₹ 18,72,134	₹ 15,49,990
Fearless Plus (S) 1.5 Diesel 6MT Dark Edition	₹ 17,96,677	₹ 14,89,990
Smart Plus 1.2 Petrol 6AMT	₹ 11,15,723	₹ 9,49,990
Pure 1.2 Petrol 6AMT	₹ 12,40,140	₹ 10,39,990
Pure (S) 1.2 Petrol 6AMT	₹ 12,75,216	₹ 10,69,990
Creative Plus (S) 1.5 Diesel 6MT Dark Edition	₹ 16,06,341	₹ 13,29,990
Pure 1.5 Diesel 6AMT	₹ 14,16,005	₹ 11,69,990
Pure (S) 1.5 Diesel 6AMT	₹ 14,51,693	₹ 11,99,990
Smart (O) 1.2 Petrol 5MT	₹ 9,40,313	₹ 7,99,990
Smart Plus 1.5 Diesel 5MT	₹ 11,93,573	₹ 9,99,990
Smart Plus (S) 1.5 Diesel 5MT	₹ 12,73,252	₹ 10,49,990
Smart (O) 1.2 iCNG	₹ 10,20,457	₹ 8,99,000
Smart Plus 1.2 iCNG	₹ 10,98,031	₹ 9,69,000
Smart Plus S 1.2 iCNG	₹ 11,31,277	₹ 9,99,000
Pure S 1.2 iCNG	₹ 12,65,412	₹ 10,99,990
Creative Plus 1.2 iCNG	₹ 13,99,705	₹ 12,19,000
Creative 1.2 iCNG Dual Tone	₹ 13,55,685	₹ 11,79,990
Creative Plus 1.2 iCNG Dual Tone	₹ 14,12,105	₹ 12,29,990

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 ₹ 14,656 but you will have to pay interest of ₹ 4,31,114 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 ₹ 29,466, but your interest payment will be only ₹ 2,60,786 over the 3 years period.

₹ 16,221
Tata Nexon price starts from ₹ 9,40,313 in Mumbai.

We have considered
Down-payement : ₹ 1,40,323
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 ₹ 3,14,000

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 ₹ 9.40 Lakh, you can get a loan with an annual income as low as ₹ 3.14 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.