Tata Tiago EV Car Loan EMI Calculator

₹ 16,201.
Here is how - Tata Tiago EV price starts from ₹ 8,89,234 in Vadodara. If you pay a down payment of ₹ 90,234 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 16,201.

The cheapest Tiago EV model is XE Medium Range which is priced at ₹ 8,89,234 in Vadodara. You will need to pay at least a ₹ 90,234 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 Tiago EV.

Version	On-road price in Vadodara	Max Loan
XE Medium Range	₹ 8,89,234	₹ 7,99,000
XT Medium Range	₹ 10,01,641	₹ 8,99,000
XT Long Range	₹ 11,11,048	₹ 9,99,000
XZ Plus Long Range	₹ 11,76,241	₹ 10,49,000
XZ Plus Tech LUX Long Range	₹ 12,31,445	₹ 10,99,000
XZ Plus Long Range Fast Charger	₹ 12,31,445	₹ 10,99,000
XZ Plus Tech LUX Long Range Fast Charger	₹ 12,86,648	₹ 11,49,000

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 Tiago EV XE Medium Range will be ₹ 13,860 but you will have to pay interest of ₹ 3,65,240 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 ₹ 27,865, but your interest payment will be only ₹ 2,04,140 over the 3 years period.

₹ 16,201
Tata Tiago EV price starts from ₹ 8,89,234 in Vadodara.

We have considered
Down-payement : ₹ 90,234
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,97,000

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 Tiago EV starts from ₹ 8.89 Lakh, you can get a loan with an annual income as low as ₹ 2.97 lakh.

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