Tata Tiago Car Loan EMI Calculator

₹ 11,353.
Here is how - Tata Tiago price starts from ₹ 6,66,010 in Mumbai. If you pay a down payment of ₹ 1,06,110 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,353.

The cheapest Tiago model is XE which is priced at ₹ 6,66,010 in Mumbai. You will need to pay at least a ₹ 1,06,110 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	₹ 6,66,010	₹ 5,59,900
XT (O)	₹ 7,12,060	₹ 5,99,900
XT	₹ 7,55,806	₹ 6,37,900
XE CNG	₹ 7,42,576	₹ 6,49,900
XT Rhythm	₹ 7,90,345	₹ 6,67,900
XM CNG	₹ 7,79,194	₹ 6,82,900
XTA	₹ 8,19,126	₹ 6,92,900
XZ Plus	₹ 8,39,848	₹ 7,10,900
XZ Plus Dual Tone	₹ 8,51,361	₹ 7,20,900
XT CNG	₹ 8,29,127	₹ 7,27,900
XZA Plus	₹ 9,03,167	₹ 7,65,900
XZA Plus Dual Tone	₹ 9,14,679	₹ 7,75,900
XZ Plus CNG	₹ 9,10,130	₹ 8,00,900
XZ Plus CNG Dual Tone	₹ 9,21,226	₹ 8,10,900

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 Tiago XE will be ₹ 10,381 but you will have to pay interest of ₹ 3,12,104 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 ₹ 20,870, but your interest payment will be only ₹ 1,91,420 over the 3 years period.

₹ 11,353
Tata Tiago price starts from ₹ 6,66,010 in Mumbai.

We have considered
Down-payement : ₹ 1,06,110
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 ₹ 2,23,000

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 ₹ 6.66 Lakh, you can get a loan with an annual income as low as ₹ 2.23 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.