Tata Punch EV Car Loan EMI Calculator

₹ 22,284.
Here is how - Tata Punch EV price starts from ₹ 11,75,605 in Delhi. If you pay a down payment of ₹ 76,606 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 22,284.

The cheapest Punch EV model is Smart 3.3 which is priced at ₹ 11,75,605 in Delhi. You will need to pay at least a ₹ 76,606 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 Punch EV.

Version	On-road price in Delhi	Max Loan
Empowered Plus S long Range 7.2 Fast Charger	₹ 16,40,852	₹ 15,49,000
Empowered Plus S long Range 3.3	₹ 15,89,158	₹ 14,99,000
Empowered Plus Long Range 7.2 Fast Charger	₹ 15,89,158	₹ 14,99,000
Empowered Plus Long Range 3.3	₹ 15,37,464	₹ 14,49,000
Empowered S Long Range 7.2 Fast Charger	₹ 15,89,158	₹ 14,99,000
Empowered S Long Range 3.3	₹ 15,37,464	₹ 14,49,000
Empowered Long Range 7.2 Fast Charger	₹ 15,37,464	₹ 14,49,000
Empowered Long Range 3.3	₹ 14,85,770	₹ 13,99,000
Adventure S Long Range 7.2 Fast Charger	₹ 14,85,770	₹ 13,99,000
Adventure S Long Range 3.3	₹ 14,34,076	₹ 13,49,000
Adventure Long Range 7.2 Fast Charger	₹ 14,34,076	₹ 13,49,000
Adventure Long Range 3.3	₹ 13,82,382	₹ 12,99,000
Empowered Plus S 3.3	₹ 14,65,092	₹ 13,79,000
Empowered Plus 3.3	₹ 14,13,399	₹ 13,29,000
Empowered S 3.3	₹ 14,13,399	₹ 13,29,000
Empowered 3.3	₹ 13,61,705	₹ 12,79,000
Adventure S 3.3	₹ 13,30,688	₹ 12,49,000
Adventure 3.3	₹ 12,78,994	₹ 11,99,000
Smart Plus 3.3	₹ 12,27,299	₹ 11,48,999
Smart 3.3	₹ 11,75,605	₹ 10,98,999

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 Punch EV Smart 3.3 will be ₹ 18,323 but you will have to pay interest of ₹ 4,40,133 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 ₹ 36,839, but your interest payment will be only ₹ 2,27,205 over the 3 years period.

₹ 22,284
Tata Punch EV price starts from ₹ 11,75,605 in Delhi.

We have considered
Down-payement : ₹ 76,606
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,92,000

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 Punch EV starts from ₹ 11.76 Lakh, you can get a loan with an annual income as low as ₹ 3.92 lakh.

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

• 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.