Tata Punch Car Loan EMI Calculator

₹ 12,571.
Here is how - Tata Punch price starts from ₹ 7,25,604 in Mumbai. If you pay a down payment of ₹ 1,05,614 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,571.

The cheapest Punch model is Pure MT which is priced at ₹ 7,25,604 in Mumbai. You will need to pay at least a ₹ 1,05,614 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.

Version	On-road price in Mumbai	Max Loan
Pure MT	₹ 7,25,604	₹ 6,19,990
Adventure MT	₹ 8,35,847	₹ 7,16,990
Adventure Rhythm	₹ 8,75,625	₹ 7,51,990
Pure (O)	₹ 7,96,069	₹ 6,81,990
Adventure (S)	₹ 8,98,356	₹ 7,71,990
Adventure Plus (S)	₹ 9,55,183	₹ 8,21,990
Accomplished Plus	₹ 9,77,913	₹ 8,41,990
Accomplished Plus (S)	₹ 10,32,466	₹ 8,89,990
Creative Plus	₹ 10,57,470	₹ 9,11,990
Creative Plus (S)	₹ 11,08,613	₹ 9,56,990
Adventure Rhythm AMT	₹ 9,43,817	₹ 8,11,990
Adventure (S) AMT	₹ 9,66,548	₹ 8,31,990
Accomplished Plus AMT	₹ 10,46,104	₹ 9,01,990
Accomplished Plus (S) AMT	₹ 11,00,658	₹ 9,49,990
Creative Plus AMT	₹ 11,25,661	₹ 9,71,990
Creative Plus (S) AMT	₹ 11,97,556	₹ 10,16,990
Adventure Plus (S) AMT	₹ 10,23,374	₹ 8,81,990
Adventure Rhythm iCNG	₹ 9,49,495	₹ 8,46,990
Adventure iCNG	₹ 9,11,135	₹ 8,11,990
Pure iCNG	₹ 8,21,261	₹ 7,29,990
Adventure (S) iCNG	₹ 9,71,415	₹ 8,66,990
Adventure Plus (S) iCNG	₹ 10,26,215	₹ 9,16,990
Accomplished Plus iCNG	₹ 10,64,576	₹ 9,51,990
Accomplished Plus (S) iCNG	₹ 11,17,185	₹ 9,99,990
Adventure AMT	₹ 9,04,039	₹ 7,76,990
Accomplished Plus Camo Edition AMT	₹ 10,63,153	₹ 9,16,990
Accomplished Plus (S) Camo Edition AMT	₹ 11,19,979	₹ 9,66,990
Creative Plus Camo Edition AMT	₹ 11,42,709	₹ 9,86,990
Creative Plus (S) Camo Edition AMT	₹ 12,14,909	₹ 10,31,990
Accomplished Plus Camo Edition MT	₹ 9,94,961	₹ 8,56,990
Accomplsihed Plus (S) Camo Edition MT	₹ 10,51,787	₹ 9,06,990
Creative Plus Camo Edition MT	₹ 10,74,517	₹ 9,26,990
Creative Plus (S) Camo Edition MT	₹ 11,25,661	₹ 9,71,990

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 Punch Pure MT will be ₹ 11,309 but you will have to pay interest of ₹ 3,29,966 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 ₹ 22,738, but your interest payment will be only ₹ 1,98,578 over the 3 years period.

₹ 12,571
Tata Punch price starts from ₹ 7,25,604 in Mumbai.

We have considered
Down-payement : ₹ 1,05,614
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,42,000

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 starts from ₹ 7.26 Lakh, you can get a loan with an annual income as low as ₹ 2.42 lakh.

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

• 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.