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	₹ 9,67,151	₹ 8,21,990
Smart Plus (S) Petrol 1.2L Turbo 5 Speed Manual	₹ 10,01,621	₹ 8,51,990
Pure Plus Petrol 1.2L Turbo 6 Speed Manual	₹ 10,64,817	₹ 9,06,990
Pure Plus (S) Petrol 1.2L Turbo 6 Speed Manual	₹ 10,99,287	₹ 9,36,990
Creative Petrol 1.2L Turbo 6 Speed Manual	₹ 12,11,749	₹ 10,16,990
Creative Plus (S) Petrol 1.2L Turbo 6 Speed Manual	₹ 12,46,825	₹ 10,46,990
Creative Plus (S) Petrol 1.2L Turbo 6 Speed Manual Dark Edition	₹ 12,99,439	₹ 10,91,990
Creative Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Dual Tone	₹ 13,63,745	₹ 11,46,990
Fearless Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Dark Edition	₹ 14,98,203	₹ 12,61,990
Smart Plus Petrol 1.2L Turbo Automatic (AMT)	₹ 10,47,582	₹ 8,91,990
Pure Plus Petrol 1.2L Turbo Automatic (AMT)	₹ 11,39,502	₹ 9,71,990
Pure Plus (S) Petrol 1.2L Turbo Automatic (AMT)	₹ 11,71,673	₹ 9,99,990
Creative Petrol 1.2L Turbo Automatic (AMT)	₹ 12,93,593	₹ 10,86,990
Creative Plus (S) Petrol 1.2L Turbo Automatic (AMT)	₹ 13,28,669	₹ 11,16,990
Creative Plus (S) Petrol 1.2L Turbo Automatic (AMT) Dark Edition	₹ 13,81,283	₹ 11,61,990
Creative Petrol 1.2L Turbo Automatic (DCT)	₹ 13,57,899	₹ 11,41,990
Creative Plus (PS) Petrol 1.2L Turbo Automatic (DCT) Dual Tone	₹ 15,04,049	₹ 12,66,990
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	₹ 10,59,431	₹ 9,26,990
Smart Plus (S) CNG 1.2L Turbo 6 Speed Manual	₹ 10,92,983	₹ 9,56,990
Pure Plus CNG 1.2L Turbo 6 Speed Manual	₹ 11,41,073	₹ 9,99,990
Creative CNG 1.2L Turbo 6 Speed Manual	₹ 13,00,182	₹ 11,21,990
Creative Plus (PS) CNG 1.2L Turbo 6 Speed Manual Dual Tone	₹ 14,42,507	₹ 12,46,990
Creative Plus (S) CNG 1.2L Turbo 6 Speed Manual Dark Edition	₹ 13,79,884	₹ 11,91,990
Fearless Plus (PS) CNG 1.2L Turbo 6 Speed Manual Dual Tone	₹ 15,50,675	₹ 13,41,990
Fearless Plus (PS) CNG 1.2L Turbo 6 Speed Manual Dark Edition	₹ 15,73,447	₹ 13,61,990
Pure Plus (S) Diesel 1.5L Turbo 6 Speed Manual	₹ 12,74,132	₹ 10,51,990
Creative Diesel 1.5L Turbo 6 Speed Manual	₹ 13,75,248	₹ 11,36,990
Creative Plus (S) Diesel 1.5L Turbo 6 Speed Manual	₹ 14,04,988	₹ 11,61,990
Smart Plus Diesel 1.5L Turbo 6 Speed Manual	₹ 11,06,708	₹ 9,26,990
Smart Plus (S) Diesel 1.5L Turbo 6 Speed Manual	₹ 11,41,790	₹ 9,56,990
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	₹ 16,36,961	₹ 13,56,990
Creative Plus (S) Diesel 1.5L Turbo 6 Speed Manual Dark Edition	₹ 14,58,520	₹ 12,06,990
Creative Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dual Tone	₹ 15,23,948	₹ 12,61,990
Fearless Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dark Edition	₹ 16,60,753	₹ 13,76,990
Pure Plus Diesel 1.5L Turbo Automatic (AMT)	₹ 13,15,768	₹ 10,86,990
Creative Diesel 1.5L Turbo Automatic (AMT)	₹ 14,46,624	₹ 11,96,990
Creative Plus (S) Diesel 1.5L Turbo Automatic (AMT)	₹ 14,82,312	₹ 12,26,990
Fearless Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dark Edition	₹ 17,38,077	₹ 14,41,990
Creative Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dual Tone	₹ 16,01,273	₹ 13,26,990
Creative Plus (S) Diesel 1.5L Turbo Automatic (AMT) Dark Edition	₹ 15,35,844	₹ 12,71,990
Fearless Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dual Tone	₹ 17,14,285	₹ 14,21,990
Fearless Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Red Dark Edition	₹ 15,09,895	₹ 12,71,990
Creative Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Dual Tone Dark Edition	₹ 14,10,513	₹ 11,86,990
Fearless Plus (PS) Petrol 1.2L Turbo 6 Speed Manual	₹ 14,74,819	₹ 12,41,990
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	₹ 13,34,340	₹ 11,51,990
Creative Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dual Tone Dark Edition	₹ 15,71,533	₹ 13,01,990
Fearless Plus A (PS) Petrol 1.2L Turbo Automatic (DCT)	₹ 16,32,662	₹ 13,76,990
Fearless Plus A (PS) Petrol 1.2L Turbo Automatic (DCT) Dark Edition	₹ 16,56,046	₹ 13,96,990
Fearless Plus A (PS) Petrol 1.2L Turbo Automatic (DCT) Red Dark Edition	₹ 16,67,738	₹ 14,06,990
Creative Plus (PS) Petrol 1.2L Turbo Automatic (DCT) Dual Tone Dark Edition	₹ 15,47,310	₹ 13,03,990
Pure Plus (PS) Diesel 1.5L Turbo Automatic (AMT)	₹ 13,75,248	₹ 11,36,990
Pure Plus (PS) Petrol 1.2L Turbo Automatic (AMT)	₹ 12,23,441	₹ 10,26,990
Pure Plus (PS) Petrol 1.2L Turbo 6 Speed Manual	₹ 11,39,502	₹ 9,71,990
Pure Plus (PS) Diesel 1.5L Turbo 6 Speed Manual	₹ 12,97,924	₹ 10,71,990
Pure Plus (PS) CNG 1.2L Turbo 6 Speed Manual	₹ 12,31,866	₹ 10,61,990
Creative Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Dual Tone Dark Edition	₹ 16,48,857	₹ 13,66,990
Fearless Plus (PS) Diesel 1.5L Turbo 6 Speed Manual Dual Tone Red Dark Edition	₹ 16,72,649	₹ 13,86,990
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	₹ 14,88,051	₹ 12,86,990
Creative Plus (PS) CNG 1.2L Turbo 6 Speed Manual Red Dark Edition	₹ 15,71,169	₹ 13,59,990
Creative Petrol 1.2L Turbo 6 Speed Manual Camo	₹ 12,11,749	₹ 10,16,990
Creative Plus (S) Petrol 1.2L Turbo 6 Speed Manual Camo	₹ 12,76,055	₹ 10,71,990
Creative Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Dual Tone Camo	₹ 13,92,975	₹ 11,71,990
Fearless Plus (PS) Petrol 1.2L Turbo 6 Speed Manual Camo	₹ 15,04,049	₹ 12,66,990
Fearless Plus A (PS) Petrol 1.2L Turbo Automatic (DCT) Camo	₹ 16,61,892	₹ 14,01,990
Creative Plus (S) Petrol 1.2L Turbo Automatic (AMT) Camo	₹ 13,57,899	₹ 11,41,990
Creative Petrol 1.2L Turbo Automatic (AMT) Camo	₹ 13,22,823	₹ 11,11,990
Creative Petrol 1.2L Turbo Automatic (DCT) Camo	₹ 13,87,129	₹ 11,66,990
Creative Plus (PS) Petrol 1.2L Turbo Automatic (DCT) Dual Tone Camo	₹ 15,33,279	₹ 12,91,990
Creative Diesel 1.5L Turbo 6 Speed Manual Camo	₹ 14,04,988	₹ 11,61,990
Creative Plus (S) Diesel 1.5L Turbo Automatic (AMT) Camo	₹ 15,12,052	₹ 12,51,990
Creative Plus (S) Diesel 1.5L Turbo 6 Speed Manual Camo	₹ 14,34,728	₹ 11,86,990
Creative Plus (S) CNG 1.2L Turbo 6 Speed Manual Camo	₹ 13,62,805	₹ 11,76,990
Creative CNG 1.2L Turbo 6 Speed Manual Camo	₹ 13,28,647	₹ 11,46,990
Creative Diesel 1.5L Turbo Automatic (AMT) Camo	₹ 14,76,364	₹ 12,21,990
Fearless Plus (PS) CNG 1.2L Turbo 6 Speed Manual Camo	₹ 15,79,140	₹ 13,66,990
Creative Plus (PS) CNG 1.2L Turbo 6 Speed Manual Camo	₹ 14,70,972	₹ 12,71,990
Fearless Plus (PS) CNG 1.2L Turbo 6 Speed Manual Red Dark Edition	₹ 15,84,833	₹ 13,71,990
Fearless Plus (PS) Diesel 1.5L Turbo Automatic (AMT) Red Dark Edition	₹ 17,49,973	₹ 14,51,990

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.