Tata Zest Car Loan EMI Calculator

₹ 11,941.
Here is how - Tata Zest price starts from ₹ 7,03,765 in Mumbai. If you pay a down payment of ₹ 1,14,865 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,941.

The cheapest Zest model is XE Petrol which is priced at ₹ 7,03,765 in Mumbai. You will need to pay at least a ₹ 1,14,865 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 Zest.

Version	On-road price in Mumbai	Max Loan
XT Petrol	₹ 8,76,508	₹ 7,39,242
XT Diesel	₹ 10,37,153	₹ 8,63,720
XE 75 PS Diesel	₹ 8,72,698	₹ 7,23,088
XE Petrol	₹ 7,03,765	₹ 5,88,900
XM Petrol	₹ 7,83,827	₹ 6,58,580
XMS Petrol	₹ 8,06,046	₹ 6,77,918
XM Diesel	₹ 8,31,608	₹ 7,13,471
XMA Diesel	₹ 10,14,816	₹ 8,44,619
XMS Diesel	₹ 8,63,489	₹ 7,41,298
XTA Diesel	₹ 11,84,498	₹ 9,89,000
XMS Petrol Anniversary LE	₹ 6,99,078	₹ 6,15,505
XMS Diesel Anniversary LE	₹ 8,37,029	₹ 7,25,230
XMS 75 PS Diesel	₹ 9,62,210	₹ 7,99,633
XM 75 PS Diesel	₹ 9,31,653	₹ 7,73,503
Premio	₹ 9,56,245	₹ 7,94,532

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 Zest XE Petrol will be ₹ 10,969 but you will have to pay interest of ₹ 3,32,496 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 ₹ 22,053, but your interest payment will be only ₹ 2,05,008 over the 3 years period.

₹ 11,941
Tata Zest price starts from ₹ 7,03,765 in Mumbai.

We have considered
Down-payement : ₹ 1,14,865
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Zest 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 Zest starts from ₹ 7.04 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 Zest

• 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.