Tata Punch EV Car Loan EMI Calculator

₹ 20,256.
Here is how - Tata Punch EV price starts from ₹ 10,52,253 in Mumbai. If you pay a down payment of ₹ 53,253 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 20,256.

The cheapest Punch EV model is Smart 3.3 which is priced at ₹ 10,52,253 in Mumbai. You will need to pay at least a ₹ 53,253 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 Punch EV.

Version	On-road price in Mumbai	Max Loan
Empowered Plus S long Range 7.2 Fast Charger	₹ 15,34,078	₹ 14,44,000
Empowered Plus S Long Range 3.3	₹ 14,81,738	₹ 13,94,000
Empowered Plus Long Range 7.2 Fast Charger	₹ 15,02,674	₹ 14,14,000
Empowered Plus Long Range 3.3	₹ 14,50,334	₹ 13,64,000
Empowered S Long Range 7.2 Fast Charger	₹ 15,02,674	₹ 14,14,000
Empowered S Long Range 3.3	₹ 14,50,334	₹ 13,64,000
Empowered Long Range 7.2 Fast Charger	₹ 14,81,738	₹ 13,94,000
Empowered Long Range 3.3	₹ 14,29,398	₹ 13,44,000
Adventure (S) Long Range 7.2 Fast Charger	₹ 14,50,334	₹ 13,64,000
Adventure (S) Long Range 3.3	₹ 13,97,994	₹ 13,14,000
Adventure Long Range 7.2 Fast Charger	₹ 14,18,930	₹ 13,34,000
Adventure Long Range 3.3	₹ 13,66,590	₹ 12,84,000
Empowered Plus S 3.3	₹ 13,91,435	₹ 13,14,000
Empowered Plus 3.3	₹ 13,60,084	₹ 12,84,000
Empowered (S) 3.3	₹ 13,60,084	₹ 12,84,000
Empowered 3.3	₹ 13,39,183	₹ 12,64,000
Adventure (S) 3.3	₹ 12,86,930	₹ 12,14,000
Adventure 3.3	₹ 12,55,578	₹ 11,84,000
Smart Plus 3.3	₹ 11,82,425	₹ 11,14,000
Smart 3.3	₹ 10,52,253	₹ 9,99,000

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 Punch EV Smart 3.3 will be ₹ 16,401 but you will have to pay interest of ₹ 3,78,684 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 ₹ 32,974, but your interest payment will be only ₹ 1,88,064 over the 3 years period.

₹ 20,256
Tata Punch EV price starts from ₹ 10,52,253 in Mumbai.

We have considered
Down-payement : ₹ 53,253
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Punch EV with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,51,000

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 Punch EV starts from ₹ 10.52 Lakh, you can get a loan with an annual income as low as ₹ 3.51 lakh.

Here are the most important things you should consider while getting a car loan for a new Punch EV

• 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.