Tata Nexon Car Loan EMI Calculator

₹ 14,943.
Here is how - Tata Nexon price starts from ₹ 8,59,894 in Mumbai. If you pay a down payment of ₹ 1,22,904 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,943.

The cheapest Nexon model is Smart Petrol 1.2L Turbo 5 Speed Manual which is priced at ₹ 8,59,894 in Mumbai. You will need to pay at least a ₹ 1,22,904 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	₹ 8,59,894	₹ 7,36,990
Smart Plus Petrol 1.2L Turbo 5 Speed Manual	₹ 9,39,649	₹ 8,06,990
Smart Plus (S) Petrol 1.2L Turbo 5 Speed Manual	₹ 9,73,803	₹ 8,36,990
Pure Plus Petrol 1.2L Turbo 6 Speed Manual	₹ 10,39,838	₹ 8,94,990
Pure Plus (S) Petrol 1.2L Turbo 6 Speed Manual	₹ 10,71,716	₹ 9,22,990
Creative Petrol 1.2L Turbo 6 Speed Manual	₹ 11,79,780	₹ 9,99,990
Creative Plus (S) Petrol 1.2L Turbo 6 Speed Manual	₹ 12,20,340	₹ 10,34,990
Creative Plus (S) Petrol 1.2L Turbo 6 Speed Manual Dark Edition	₹ 12,69,015	₹ 10,76,990
Creative Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Dual Tone	₹ 13,32,755	₹ 11,31,990
Fearless Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Dark Edition	₹ 14,66,029	₹ 12,46,990
Smart Plus Petrol 1.2L Turbo Automatic (AMT)	₹ 10,25,036	₹ 8,81,990
Pure Plus Petrol 1.2L Turbo Automatic (AMT)	₹ 11,13,838	₹ 9,59,990
Pure Plus (S) Petrol 1.2L Turbo Automatic (AMT)	₹ 11,45,718	₹ 9,87,990
Creative Petrol 1.2L Turbo Automatic (AMT)	₹ 12,66,696	₹ 10,74,990
Creative Plus (S) Petrol 1.2L Turbo Automatic (AMT)	₹ 13,01,465	₹ 11,04,990
Creative Plus (S) Petrol 1.2L Turbo Automatic (AMT) Dark Edition	₹ 13,50,138	₹ 11,46,990
Creative Petrol 1.2L Turbo Automatic (DCT)	₹ 13,24,644	₹ 11,24,990
Creative Plus (PS) Petrol 1.2L Turbo Automatic (DCT) Dual Tone	₹ 14,63,513	₹ 12,34,990
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	₹ 9,40,916	₹ 8,29,990
Smart Plus CNG 1.2L Turbo 6 Speed Manual	₹ 10,42,871	₹ 9,21,990
Smart Plus (S) CNG 1.2L Turbo 6 Speed Manual	₹ 10,76,119	₹ 9,51,990
Pure Plus CNG 1.2L Turbo 6 Speed Manual	₹ 11,12,690	₹ 9,84,990
Creative CNG 1.2L Turbo 6 Speed Manual	₹ 12,68,219	₹ 11,04,990
Creative Plus (PS) CNG 1.2L Turbo 6 Speed Manual Dual Tone	₹ 14,05,659	₹ 12,16,690
Creative Plus (S) CNG 1.2L Turbo 6 Speed Manual Dark Edition	₹ 13,78,409	₹ 11,71,990
Creative Plus (PS) CNG 1.2L Turbo 6 Speed Manual	₹ 14,05,910	₹ 12,26,990
Fearless Plus (PS) CNG 1.2L Turbo 6 Speed Manual Dual Tone	₹ 15,13,149	₹ 13,21,990
Fearless Plus (PS) CNG 1.2L Turbo 6 Speed Manual Dark Edition	₹ 15,35,733	₹ 13,41,990
Pure Plus (S) Diesel 1.5L Turbo 6 Speed Manual	₹ 12,33,612	₹ 10,27,990
Creative Diesel 1.5L Turbo 6 Speed Manual	₹ 13,48,044	₹ 11,24,990
Creative Plus (S) Diesel 1.5L Turbo 6 Speed Manual	₹ 13,77,535	₹ 11,49,990
Smart Plus Diesel 1.5L Turbo 6 Speed Manual	₹ 10,64,250	₹ 8,99,990
Smart Plus (S) Diesel 1.5L Turbo 6 Speed Manual	₹ 11,07,145	₹ 9,36,990
Pure Plus Diesel 1.5L Turbo 6 Speed Manual	₹ 11,59,780	₹ 9,99,990
Fearless Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dual Tone	₹ 15,98,167	₹ 13,36,990
Creative Plus (S) Diesel 1.5L Turbo 6 Speed Manual Dark Edition	₹ 14,21,185	₹ 11,86,990
Creative Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dual Tone	₹ 14,86,066	₹ 12,41,990
Fearless Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dark Edition	₹ 16,21,752	₹ 13,56,990
Pure Plus Diesel 1.5L Turbo Automatic (AMT)	₹ 12,77,260	₹ 10,64,990
Creative Diesel 1.5L Turbo Automatic (AMT)	₹ 14,18,826	₹ 11,84,990
Creative Plus (S) Diesel 1.5L Turbo Automatic (AMT)	₹ 14,54,216	₹ 12,14,990
Fearless Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dark Edition	₹ 16,98,467	₹ 14,21,990
Creative Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dual Tone	₹ 15,62,760	₹ 13,06,990
Creative Plus (S) Diesel 1.5L Turbo Automatic (AMT) Dark Edition	₹ 14,97,864	₹ 12,51,990
Fearless Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dual Tone	₹ 16,74,860	₹ 14,01,990
Fearless Plus (PS) CNG 1.2L Turbo 6 Speed Manual	₹ 15,50,675	₹ 13,41,990
Fearless Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Red Dark Edition	₹ 14,77,619	₹ 12,56,990
Creative Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Dual Tone Dark Edition	₹ 13,44,540	₹ 11,71,990
Fearless Plus (PS) Petrol 1.2L Turbo 6 Speed Manual	₹ 14,42,850	₹ 12,26,990
Pure Plus (S) CNG 1.2L Turbo 6 Speed Manual	₹ 11,29,313	₹ 9,99,990
Creative Plus (S) CNG 1.2L Turbo 6 Speed Manual	₹ 13,02,077	₹ 11,34,990
Creative Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dual Tone Dark Edition	₹ 15,07,104	₹ 12,81,990
Fearless Plus A (PS) Petrol 1.2L Turbo Automatic (DCT)	₹ 15,99,313	₹ 13,61,990
Fearless Plus A (PS) Petrol 1.2L Turbo Automatic (DCT) Dark Edition	₹ 16,22,503	₹ 13,81,990
Fearless Plus A (PS) Petrol 1.2L Turbo Automatic (DCT) Red Dark Edition	₹ 16,34,097	₹ 13,91,990
Creative Plus (PS) Petrol 1.2L Turbo Automatic (DCT) Dark Edition	₹ 15,32,743	₹ 12,81,990

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 ₹ 13,402 but you will have to pay interest of ₹ 3,88,778 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 ₹ 26,946, but your interest payment will be only ₹ 2,33,066 over the 3 years period.

₹ 14,943
Tata Nexon price starts from ₹ 8,59,894 in Mumbai.

We have considered
Down-payement : ₹ 1,22,904
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 ₹ 2,87,000

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 ₹ 8.60 Lakh, you can get a loan with an annual income as low as ₹ 2.87 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.