Tata Punch Car Loan EMI Calculator

₹ 12,427.
Here is how - Tata Punch price starts from ₹ 7,25,346 in Mumbai. If you pay a down payment of ₹ 1,12,446 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,427.

The cheapest Punch model is Pure MT which is priced at ₹ 7,25,346 in Mumbai. You will need to pay at least a ₹ 1,12,446 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	₹ 7,25,346	₹ 6,12,900
Adventure MT	₹ 8,25,309	₹ 6,99,900
Adventure Rhythm	₹ 8,65,524	₹ 7,34,900
Pure (O)	₹ 7,90,839	₹ 6,69,900
Adventure (S)	₹ 8,94,249	₹ 7,59,900
Adventure Plus (S)	₹ 9,54,759	₹ 8,09,900
Accomplished Plus	₹ 9,77,739	₹ 8,29,900
Accomplished Plus (S)	₹ 10,35,190	₹ 8,79,900
Creative Plus	₹ 10,58,170	₹ 8,99,900
Creative Plus (S)	₹ 11,09,875	₹ 9,44,900
Adventure Rhythm AMT	₹ 9,34,464	₹ 7,94,900
Adventure (S) AMT	₹ 9,66,249	₹ 8,19,900
Accomplished Plus AMT	₹ 10,46,680	₹ 8,89,900
Accomplished Plus (S) AMT	₹ 11,04,130	₹ 9,39,900
Creative Plus AMT	₹ 11,27,110	₹ 9,59,900
Creative Plus (S) AMT	₹ 11,73,070	₹ 9,99,900
Adventure Plus (S) AMT	₹ 10,23,700	₹ 8,69,900
Adventure Rhythm iCNG	₹ 9,43,879	₹ 8,29,900
Adventure iCNG	₹ 9,02,032	₹ 7,94,900
Pure iCNG	₹ 8,22,243	₹ 7,22,900
Adventure (S) iCNG	₹ 9,71,585	₹ 8,54,900
Adventure Plus (S) iCNG	₹ 10,26,995	₹ 9,04,900
Accomplished Plus iCNG	₹ 10,65,782	₹ 9,39,900
Accomplished Plus (S) iCNG	₹ 11,21,192	₹ 9,89,900
Adventure AMT	₹ 8,94,249	₹ 7,59,900
Accomplished Plus Camo Edition AMT	₹ 10,63,915	₹ 9,04,900
Accomplished Plus (S) Camo Edition AMT	₹ 11,21,365	₹ 9,54,900
Creative Plus Camo Edition AMT	₹ 11,44,345	₹ 9,74,900
Creative Plus (S) Camo Edition AMT	₹ 12,10,806	₹ 10,14,900
Accomplished Plus Camo Edition MT	₹ 9,94,974	₹ 8,44,900
Accomplsihed Plus (S) Camo Edition MT	₹ 10,52,425	₹ 8,94,900
Creative Plus Camo Edition MT	₹ 10,75,405	₹ 9,14,900
Creative Plus (S) Camo Edition MT	₹ 11,27,110	₹ 9,59,900

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 ₹ 11,305 but you will have to pay interest of ₹ 3,36,720 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 ₹ 22,730, but your interest payment will be only ₹ 2,05,380 over the 3 years period.

₹ 12,427
Tata Punch price starts from ₹ 7,25,346 in Mumbai.

We have considered
Down-payement : ₹ 1,12,446
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 ₹ 7.25 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.