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Tata Nexon EV Car Loan EMI Calculator

Best Tata Nexon EV Car Loan EMI Calculator With Downpayment - Check out the Cheapest Tata Nexon EV Car Loan EMI Calculator With Downpayment from all banks with lower inerest rates, Loan for 5 Years, 7 Years and 8 Years plan with minimum eligibility and documentations with Private Banks and Govt Banks. Check out the Interest Rates of Tata Car Loan EMI of All Private and Government Banks HDFC Bank, ICICI Bank, Syndicate Bank, SBI Bank, Kotak Mahindra Bank, Canara Bank, IDBI First Bank, HSBC Bank, Punjab National Bank and many more.

Tata Nexon EV

The EMI for a Tata Nexon EV starts at ₹ 33,983 per month for a 60-month term at 9.8 percent for a loan amount of ₹ 16.85 Lakh*. The AutoSpyders EMI Calculator tool provides a full breakdown of the entire due amount and assists you in choosing the best vehicle loan for your Nexon EV.

Tata Nexon EV Down Payment and EMI

Tata Nexon EV VARIANTS
LOAN @ RATE%
DOWN PAYMENT
EMI AMOUNT (60 MONTHS)
EMI AMOUNT (84 MONTHS)
Tata Nexon EV XM
9.8%
₹ 1,51,000
₹ 28,826
₹ 22,487
Tata Nexon EV XZ Plus
9.8%
₹ 1,66,000
₹ 31,613
₹ 24,661
Tata Nexon EV XZ Plus Dark Edition
9.8%
₹ 1,70,000
₹ 32,272
₹ 25,175
Tata Nexon EV XZ Plus LUX
9.8%
₹ 1,76,000
₹ 33,588
₹ 26,202
Tata Nexon EV XZ Plus Lux Dark Edition
9.8%
₹ 1,78,000
₹ 33,983
₹ 26,510

Due to the many auto loan options given by various lenders, it is much easier to acquire your ideal car nowadays. Car loans are available with low interest rates and up to an 8-year payback period. A Car Loan EMI Calculator is available from a variety of banks and third-party websites, and it helps you to calculate the Equated Monthly Instalments (EMIs) that must be paid. AutoSpyder's Car Loan EMI Calculator is simple to use and completely free. To calculate the EMI, basic information such as the payback term, principle amount, and interest rate must be input.

Car Loan EMI Structure of Tata Nexon EV XM

Model Name

Tata Nexon EV XM

Price

₹ 14.24 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,63,016

Downpayment

₹ 1,51,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,37,122
₹ 3,66,551
₹ 3,37,146
₹ 5,25,898
Total Amount Payable
₹ 16,00,138
₹ 17,29,567
₹ 17,00,162
₹ 18,88,914

Monthly EMI

₹ 26,669

₹ 28,826

₹ 20,240

₹ 22,487

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Tata Nexon EV XZ Plus

Model Name

Tata Nexon EV XZ Plus

Price

₹ 15.65 Lakh* (Ex-Showroom)

Loan Amount

₹ 14,94,793

Downpayment

₹ 1,66,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,60,047
₹ 4,01,989
₹ 3,69,741
₹ 5,76,742
Total Amount Payable
₹ 17,54,840
₹ 18,96,782
₹ 18,64,534
₹ 20,71,535

Monthly EMI

₹ 29,247

₹ 31,613

₹ 22,197

₹ 24,661

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Tata Nexon EV XZ Plus Dark Edition

Model Name

Tata Nexon EV XZ Plus Dark Edition

Price

₹ 15.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 15,25,945

Downpayment

₹ 1,70,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,65,467
₹ 4,10,367
₹ 3,77,447
₹ 5,88,762
Total Amount Payable
₹ 17,91,412
₹ 19,36,312
₹ 19,03,392
₹ 21,14,707

Monthly EMI

₹ 29,857

₹ 32,272

₹ 22,659

₹ 25,175

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Tata Nexon EV XZ Plus LUX

Model Name

Tata Nexon EV XZ Plus LUX

Price

₹ 16.65 Lakh* (Ex-Showroom)

Loan Amount

₹ 15,88,181

Downpayment

₹ 1,76,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,76,294
₹ 4,27,104
₹ 3,92,841
₹ 6,12,775
Total Amount Payable
₹ 18,64,475
₹ 20,15,285
₹ 19,81,022
₹ 22,00,956

Monthly EMI

₹ 31,075

₹ 33,588

₹ 23,584

₹ 26,202

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

Car Loan EMI Structure of Tata Nexon EV XZ Plus Lux Dark Edition

Model Name

Tata Nexon EV XZ Plus Lux Dark Edition

Price

₹ 16.85 Lakh* (Ex-Showroom)

Loan Amount

₹ 16,06,858

Downpayment

₹ 1,78,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,79,543
₹ 4,32,126
₹ 3,97,461
₹ 6,19,981
Total Amount Payable
₹ 18,86,401
₹ 20,38,984
₹ 20,04,319
₹ 22,26,839

Monthly EMI

₹ 31,440

₹ 33,983

₹ 23,861

₹ 26,510

EMI / 1 Lakh
₹ 1,957
₹ 2,115
₹ 1,485
₹ 1,968

About Tata Nexon EV

The Tata Nexon EV is available in three models: XM, XZ Plus, and XZ Plus Lux. Dark edition trimmings are also available. On January 28, 2020, the Tata Nexon EV was unveiled in India. A 30.2kWh lithium-ion battery powers the Tata Nexon EV, producing 74 horsepower and 170Nm of torque.

Projector headlights, LED DRLs, tri-arrow LED tail lights, piano-black ORVMs, roof rails, 16-inch diamond-cut alloy rims, a shark fin antenna, and electric blue highlights are included in the Tata Nexon EV's external design. The Tata Nexon EV has an electric sunroof, automatic climate control, a height-adjustable driver seat, a seven-inch touchscreen infotainment system with Apple CarPlay and Android Auto, a flat-bottom steering wheel, and a cooled glove box on the inside.

Teal blue, moonlight silver, glacier white, and black are among available colours for the Tata Nexon EV (Dark Edition). Five people may sit comfortably in the Tata Nexon EV. In the electric vehicle market, the Tata Nexon EV has no direct competitors. It competes with the Hyundai Creta, Kia Seltos, MG Hector, and Tata Harrier in terms of pricing.

Car Loan EMI Table

Loan amount (Rs.)
Interest rate
EMI for 2 years (Rs.)
EMI for 3 years (Rs.)
EMI for 4 years (Rs.)
EMI for 5 years (Rs.)
EMI for 6 years (Rs.)
EMI for 7 years (Rs.)
1 lakh
9.75%
₹ 4,603
₹ 3,215
₹ 2,524
₹ 2,112
₹ 1,840
₹ 1,647
5 lakh
9.75%
₹ 23,015
₹ 16,075
₹ 12,621
₹ 10,562
₹ 9,200
₹ 8,236
10 lakh
9.75%
₹ 46,030
₹ 32,150
₹ 25,243
₹ 21,124
₹ 18,400
₹ 16,472
15 lakh
9.75%
₹ 69,044
₹ 48,225
₹ 37,864
₹ 31,686
₹ 27,600
₹ 24,708
20 lakh
9.75%
₹ 92,059
₹ 64,300
₹ 50,485
₹ 42,248
₹ 36,800
₹ 32,945
25 lakh
9.75%
₹ 1,15,074
₹ 80,375
₹ 63,107
₹ 52,811
₹ 46,000
₹ 41,181
30 lakh
9.75%
₹ 1,38,089
₹ 96,450
₹ 75,728
₹ 63,373
₹ 55,200
₹ 49,417
35 lakh
9.75%
₹ 1,61,104
₹ 1,12,525
₹ 88,349
₹ 73,935
₹ 64,400
₹ 57,653
Car Loan EMI Calculator

The Benefits of Using an EMI Calculator for a Car Loan

  • The Following is a breakdown of the due amount: The EMI calculator for a car loan allows you to determine the processing costs, interest paid, total amount due, and principle amount.
  • Your Budget Can Be Planned: Once you know how much EMI you'll have to pay, you can make a budget. If the loan amount is substantial, you may want to consider a longer repayment period. The vehicle loan EMI calculator can help you figure out these data.
  • Accuracy: The answers presented on the calculator are correct based on the information entered on the calculator. The results of manual computations may not be correct.
  • Saves Time: The main goal of the EMI calculator for a car loan is to save time. The results are presented relatively soon when the appropriate details are submitted.
  • No Limit: There is no limit to how many times you may use the calculator. As a result, you utilise the calculator to experiment with various options. This might assist you in determining the best lender and the required down payment.
  • Compare: You can compare the EMIs for different numbers because the calculator has no restriction on how many times it can be used.

New Car Loan Interest Rates Comparison Offered by Top Lenders

Name of the Lender Interest Rate (p.a.) Loan Amount Processing Fee
Union Bank of India 7.40% onwards Up to ₹ 125 lakh 0.25% to 0.50% of the loan amount
IDBI Bank 7.35% onwards (floating) Up to ₹ 25 lakh -
Axis Bank 7.45% onwards ₹ 1 lakh onwards ₹ 3,500 to ₹ 5,500
State Bank of India 7.20% onwards Up to 48 times of monthly income Nil (Until 31 January 2022)
Jammu And Kashmir Bank

RLLR + 0.75% onwards (floating)

RLLR + 1.50% onwards (fixed)

₹ 50 lakh 0.5% of loan amount Min: ₹ 1,500
Canara Bank Car Loan 7.30% onwards Up to 90% of the car's value 0.25% of loan amount Min: ₹ 1,000 Max: ₹ 5,000
Federal Bank Car Loan 8.50% onwards Up to 100% of the car's ex-showroom price ₹ 1,500 to ₹ 2,500
Bank of Baroda 7.00% onwards ₹ 1,500 (plus GST) 0.5% of loan amount Max: ₹ 10,000
Bank of India Car Loan 7.35% onwards ₹ 200 lakh 0.25% of loan amount

Car Loan Eligibility

Do you have questions regarding your auto loan eligibility and what you can do to improve your chances of being approved? BankBazaar provides you with all of the information you need about vehicle loan eligibility from the most reputable institutions. Get a trustworthy guide to selecting the best auto loan for you so you can make the best decision and apply for the best car loan right now. Your eligibility for a vehicle loan may differ depending on the lender, however many will look for the following criteria:

Particulars Details
Minimum Age of the Applicant 18 years
Maximum Age of the Applicant 60 years for salaried applicants and 65 years for self-employed applicants
Minimum Annual Income ₹ 3 lakh
Car Model Any approved car model
Type of Employment Salaried or self-employed
Country or Place of Residence India (rural/semi-urban/urban areas)
Duration of Stay in Current Residence A minimum of 1 year

How is EMI determined

The EMI for any type of loan is essentially calculated using a formula. The formula is as follows:

E = P x R x (1+R)^n / {(1+R)^n – 1}

where ‘E’ stands for the EMI you owe,

‘P’ stands for the principal amount,

‘R’ stands for the interest rate applicable to your car loan,

and ‘n’ stands for the tenure of the car loan (in months).

Disclaimer: The EMI Calculator's computation is based on the information you gave and is only intended to be used as a guide. The figures in this computation are in Indian Rupees and have been rounded to the nearest whole number. Monthly payments are estimated and do not include any processing or other fees that may apply depending on the financial institution / banks. All loan amounts are based on non-commercial use and are contingent on credit clearance from a third-party lender. Depending on the kind and use of the car, regional lender restrictions, and the quality of your credit, the actual down payment and resultant monthly payments may vary. For a precise monthly payment, check with your dealer.

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