Tata Tigor Car Loan EMI Calculator

₹ 12,772.
Here is how - Tata Tigor price starts from ₹ 7,46,597 in Mumbai. If you pay a down payment of ₹ 1,16,697 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,772.

The cheapest Tigor model is XE which is priced at ₹ 7,46,597 in Mumbai. You will need to pay at least a ₹ 1,16,697 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
XE	₹ 7,46,597	₹ 6,29,900
XM	₹ 8,04,160	₹ 6,79,900
XZ	₹ 8,51,361	₹ 7,20,900
XMA	₹ 8,73,234	₹ 7,39,900
XM CNG	₹ 8,74,426	₹ 7,69,900
XZ Plus	₹ 9,26,191	₹ 7,85,900
XZ Plus Leatherette Pack	₹ 9,42,309	₹ 7,99,900
XZ CNG	₹ 9,19,921	₹ 8,10,900
XZA Plus	₹ 9,95,266	₹ 8,45,900
XZA Plus Leatherette Pack	₹ 10,11,385	₹ 8,59,900
XZ Plus CNG	₹ 9,92,047	₹ 8,75,900
XZ Plus CNG Leatherette Pack	₹ 10,07,583	₹ 8,89,900

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 Tigor XE will be ₹ 11,637 but you will have to pay interest of ₹ 3,47,608 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 ₹ 23,396, but your interest payment will be only ₹ 2,12,356 over the 3 years period.

₹ 12,772
Tata Tigor price starts from ₹ 7,46,597 in Mumbai.

We have considered
Down-payement : ₹ 1,16,697
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 ₹ 2,49,000

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 ₹ 7.47 Lakh, you can get a loan with an annual income as low as ₹ 2.49 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.