Tata Tiago Car Loan EMI Calculator

₹ 9,327.
Here is how - Tata Tiago price starts from ₹ 5,44,669 in Mumbai. If you pay a down payment of ₹ 84,679 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,327.

The cheapest Tiago model is XE Petrol Manual which is priced at ₹ 5,44,669 in Mumbai. You will need to pay at least a ₹ 84,679 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 Petrol Manual	₹ 5,44,669	₹ 4,59,990
XT Petrol Manual	₹ 6,88,129	₹ 5,85,990
XE CNG Manual	₹ 6,35,126	₹ 5,53,990
XM CNG Manual	₹ 7,19,353	₹ 6,29,990
XT Petrol Automatic	₹ 7,47,333	₹ 6,37,990
XZ Plus Petrol Manual	₹ 7,98,566	₹ 6,82,990
XT CNG Manual	₹ 7,74,764	₹ 6,79,990
XT CNG Automatic	₹ 8,32,396	₹ 7,31,990
XM Petrol Manual	₹ 6,31,201	₹ 5,35,990
XZ Petrol Manual	₹ 7,56,441	₹ 6,45,990
XZ Petrol Automatic	₹ 8,15,644	₹ 6,97,990
XZ CNG Manual	₹ 8,41,260	₹ 7,39,990
XZ CNG Automatic	₹ 8,98,891	₹ 7,91,990

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 Petrol Manual will be ₹ 8,489 but you will have to pay interest of ₹ 2,53,086 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 ₹ 17,068, but your interest payment will be only ₹ 1,54,458 over the 3 years period.

₹ 9,327
Tata Tiago price starts from ₹ 5,44,669 in Mumbai.

We have considered
Down-payement : ₹ 84,679
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 ₹ 1,82,000

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 ₹ 5.45 Lakh, you can get a loan with an annual income as low as ₹ 1.82 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.