Tata Tigor Car Loan EMI Calculator

₹ 12,164.
Here is how - Tata Tigor price starts from ₹ 7,02,884 in Mumbai. If you pay a down payment of ₹ 1,02,984 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 12,164.

The cheapest Tigor model is XM which is priced at ₹ 7,02,884 in Mumbai. You will need to pay at least a ₹ 1,02,984 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
XZA Plus	₹ 9,81,423	₹ 8,44,990
XT	₹ 7,82,531	₹ 6,69,990
XZ Plus iCNG	₹ 9,97,191	₹ 8,89,990
XZA Plus iCNG	₹ 10,57,474	₹ 9,44,990
XTA	₹ 8,45,040	₹ 7,24,990
XZ Plus	₹ 9,18,914	₹ 7,89,990
XT iCNG	₹ 8,65,662	₹ 7,69,990
XZ Plus LUX	₹ 9,87,105	₹ 8,49,990
XM	₹ 7,02,884	₹ 5,99,900
XZ	₹ 8,50,722	₹ 7,29,990
XZA	₹ 9,13,232	₹ 7,84,990
XZ iCNG	₹ 9,31,426	₹ 8,29,990
XZA iCNG	₹ 9,91,710	₹ 8,84,990

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 will be ₹ 10,955 but you will have to pay interest of ₹ 3,20,320 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 ₹ 22,026, but your interest payment will be only ₹ 1,93,036 over the 3 years period.

₹ 12,164
Tata Tigor price starts from ₹ 7,02,884 in Mumbai.

We have considered
Down-payement : ₹ 1,02,984
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 ₹ 2,35,000

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 ₹ 7.03 Lakh, you can get a loan with an annual income as low as ₹ 2.35 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.