Tata Tiago Car Loan EMI Calculator

₹ 10,138.
Here is how - Tata Tiago price starts from ₹ 5,89,322 in Mumbai. If you pay a down payment of ₹ 89,332 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,138.

The cheapest Tiago model is XE which is priced at ₹ 5,89,322 in Mumbai. You will need to pay at least a ₹ 89,332 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 Tiago.

Version	On-road price in Mumbai	Max Loan
XE	₹ 5,89,322	₹ 4,99,990
XT	₹ 7,37,070	₹ 6,29,990
XE iCNG	₹ 6,79,239	₹ 5,99,900
XM iCNG	₹ 7,55,965	₹ 6,69,900
XTA	₹ 7,99,579	₹ 6,84,990
XZ Plus	₹ 8,50,722	₹ 7,29,990
XTA iCNG	₹ 8,82,103	₹ 7,84,990
XM	₹ 6,68,788	₹ 5,69,900
XZ	₹ 8,05,261	₹ 6,89,990
XZA	₹ 8,67,771	₹ 7,44,990
XZ iCNG	₹ 8,87,583	₹ 7,89,990
XZA iCNG	₹ 9,47,867	₹ 8,44,990

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 Tiago XE will be ₹ 9,185 but you will have to pay interest of ₹ 2,71,550 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 ₹ 18,467, but your interest payment will be only ₹ 1,64,822 over the 3 years period.

₹ 10,138
Tata Tiago price starts from ₹ 5,89,322 in Mumbai.

We have considered
Down-payement : ₹ 89,332
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,97,000

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 Tiago starts from ₹ 5.89 Lakh, you can get a loan with an annual income as low as ₹ 1.97 lakh.

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

• 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.