Tata Punch Car Loan EMI Calculator

₹ 12,164.
Here is how - Tata Punch price starts from ₹ 7,12,060 in Mumbai. If you pay a down payment of ₹ 1,12,160 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,164.

The cheapest Punch model is Pure MT which is priced at ₹ 7,12,060 in Mumbai. You will need to pay at least a ₹ 1,12,160 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 iCNG	₹ 8,06,838	₹ 7,09,000
Pure MT	₹ 7,12,060	₹ 5,99,900
Pure Rhythm Pack MT	₹ 7,52,354	₹ 6,34,900
Adventure MT	₹ 8,15,672	₹ 6,89,900
Camo Adventure MT	₹ 8,27,184	₹ 6,99,900
Adventure Rhythm Pack MT	₹ 8,55,966	₹ 7,24,900
Camo Adventure Rhythm MT	₹ 8,67,478	₹ 7,34,900
Adventure AMT	₹ 8,84,747	₹ 7,49,900
Camo Adventure AMT	₹ 8,96,259	₹ 7,59,900
Accomplished MT	₹ 9,11,484	₹ 7,74,900
Camo Accomplished MT	₹ 9,19,284	₹ 7,79,900
Adventure Rhythm Pack AMT	₹ 9,25,040	₹ 7,84,900
Camo Adventure Rhythm AMT	₹ 9,36,553	₹ 7,94,900
Accomplished Dazzle Pack MT	₹ 9,60,504	₹ 8,14,900
Camo Accomplished Dazzle MT	₹ 9,63,031	₹ 8,17,900
Accomplished AMT	₹ 9,83,484	₹ 8,34,900
Camo Accomplished AMT	₹ 9,88,360	₹ 8,39,900
Creative Dual Tone	₹ 10,29,445	₹ 8,74,900
Accomplished Dazzle Pack AMT	₹ 10,29,445	₹ 8,74,900
Camo Accomplished Dazzle AMT	₹ 10,32,106	₹ 8,77,900
Creative Dual Tone AMT	₹ 10,98,385	₹ 9,34,900
Adventure iCNG	₹ 8,90,950	₹ 7,84,900
Adventure Rhythm iCNG	₹ 9,32,797	₹ 8,19,900
Accomplished iCNG	₹ 10,04,831	₹ 8,84,900
Accomplished Dazzle Sunroof CNG	₹ 10,96,812	₹ 9,67,900
Accomplished MT Sunroof	₹ 9,71,994	₹ 8,24,900
Accomplished Dazzle MT Sunroof	₹ 10,17,955	₹ 8,64,900
Accomplished AMT Sunroof	₹ 10,40,935	₹ 8,84,900
Accomplished Dazzle AMT Sunroof	₹ 10,86,895	₹ 9,24,900
Creative Dual Tone MT Sunroof	₹ 10,81,150	₹ 9,19,900
Creative Flagship Dual Tone MT	₹ 11,15,620	₹ 9,49,900
Creative Dual Tone AMT Sunroof	₹ 11,50,090	₹ 9,79,900
Creative Flagship Dual Tone AMT	₹ 12,04,960	₹ 10,09,900

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 Pure MT will be ₹ 11,098 but you will have to pay interest of ₹ 3,32,332 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 ₹ 22,313, but your interest payment will be only ₹ 2,03,368 over the 3 years period.

₹ 12,164
Tata Punch price starts from ₹ 7,12,060 in Mumbai.

We have considered
Down-payement : ₹ 1,12,160
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 ₹ 2,38,000

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 ₹ 7.12 Lakh, you can get a loan with an annual income as low as ₹ 2.38 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.