Tata Tigor Car Loan EMI Calculator

₹ 11,253.
Here is how - Tata Tigor price starts from ₹ 6,52,846 in Mumbai. If you pay a down payment of ₹ 97,856 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,253.

The cheapest Tigor model is XM Petrol Manual which is priced at ₹ 6,52,846 in Mumbai. You will need to pay at least a ₹ 97,856 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 Tigor.

Version	On-road price in Mumbai	Max Loan
XZ Plus Petrol Automatic	₹ 9,20,397	₹ 7,89,990
XT Petrol Manual	₹ 7,35,958	₹ 6,27,990
XZ Plus CNG Manual	₹ 9,43,294	₹ 8,31,990
XZ Plus CNG Automatic	₹ 10,00,923	₹ 8,83,990
XT Petrol Automatic	₹ 7,95,158	₹ 6,79,990
XZ Plus Petrol Manual	₹ 8,61,195	₹ 7,37,990
XT CNG Manual	₹ 8,21,327	₹ 7,21,990
XZ Plus Petrol Manual LUX	₹ 9,12,426	₹ 7,82,990
XM Petrol Manual	₹ 6,52,846	₹ 5,54,990
XZ Petrol Manual	₹ 7,98,575	₹ 6,82,990
XZ Petrol Automatic	₹ 8,57,778	₹ 7,34,990
XZ CNG Manual	₹ 8,82,282	₹ 7,76,990
XZ CNG Automatic	₹ 9,39,970	₹ 8,28,990
XZ Plus CNG Manual LUX	₹ 9,93,165	₹ 8,76,990

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 Tigor XM Petrol Manual will be ₹ 10,175 but you will have to pay interest of ₹ 2,99,710 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 ₹ 20,458, but your interest payment will be only ₹ 1,81,498 over the 3 years period.

₹ 11,253
Tata Tigor price starts from ₹ 6,52,846 in Mumbai.

We have considered
Down-payement : ₹ 97,856
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,18,000

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 Tigor starts from ₹ 6.53 Lakh, you can get a loan with an annual income as low as ₹ 2.18 lakh.

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

• 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.