Tata Punch Car Loan EMI Calculator

₹ 11,353.
Here is how - Tata Punch price starts from ₹ 6,62,949 in Mumbai. If you pay a down payment of ₹ 1,03,049 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,353.

The cheapest Punch model is Smart Petrol 5 Speed Manual which is priced at ₹ 6,62,949 in Mumbai. You will need to pay at least a ₹ 1,03,049 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 Petrol 5 Speed Manual	₹ 7,66,359	₹ 6,49,900
Smart Petrol 5 Speed Manual	₹ 6,62,949	₹ 5,59,900
Adventure Petrol 5 Speed Manual	₹ 8,92,749	₹ 7,59,900
Accomplished Petrol 5 Speed Manual	₹ 9,76,239	₹ 8,29,900
Pure Plus Petrol 5 Speed Manual	₹ 8,23,809	₹ 6,99,900
Pure CNG 5 Speed Manual	₹ 8,58,312	₹ 7,49,900
Smart CNG 5 Speed Manual	₹ 7,68,840	₹ 6,69,900
Pure Plus CNG 5 Speed Manual	₹ 9,14,232	₹ 7,99,900
Adventure CNG 5 Speed Manual	₹ 9,84,397	₹ 8,59,900
Accomplished CNG 5 Speed Manual	₹ 10,62,685	₹ 9,29,900
Pure Plus (S) CNG 5 Speed Manual	₹ 9,56,436	₹ 8,34,900
Adventure Petrol Turbo 6 Speed Manual	₹ 9,76,239	₹ 8,29,900
Adventure CNG Automatic	₹ 10,45,909	₹ 9,14,900
Accomplished Plus (S) Petrol Turbo 6 Speed Manual	₹ 11,48,590	₹ 9,79,900
Pure Plus (S) Petrol 5 Speed Manual	₹ 8,64,024	₹ 7,34,900
Adventure (S) Petrol 5 Speed Manual	₹ 9,32,964	₹ 7,94,900
Accomplished Plus (S) Petrol 5 Speed Manual	₹ 10,56,670	₹ 8,99,900
Pure Plus Petrol Automatic	₹ 8,87,004	₹ 7,54,900
Pure Plus (S) Automatic	₹ 9,27,219	₹ 7,89,900
Adventure Petrol Automatic	₹ 9,59,004	₹ 8,14,900
Accomplished Petrol Automatic	₹ 10,39,435	₹ 8,84,900
Accomplished Plus (S) Petrol Automatic	₹ 11,19,865	₹ 9,54,900
Adventure (S) CNG 5 Speed Manual	₹ 10,23,541	₹ 8,94,900
Pure Plus CNG Automatic	₹ 9,78,805	₹ 8,54,900
Adventure (S) CNG Automatic	₹ 10,85,053	₹ 9,49,900
Accomplished Plus (S) CNG Automatic	₹ 12,23,794	₹ 10,54,900

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 Smart Petrol 5 Speed Manual will be ₹ 10,333 but you will have to pay interest of ₹ 3,08,072 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 ₹ 20,774, but your interest payment will be only ₹ 1,87,964 over the 3 years period.

₹ 11,353
Tata Punch price starts from ₹ 6,62,949 in Mumbai.

We have considered
Down-payement : ₹ 1,03,049
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 ₹ 2,21,000

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 ₹ 6.63 Lakh, you can get a loan with an annual income as low as ₹ 2.21 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.