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Tata Nexon Car Loan EMI Calculator

Best Tata Nexon Car Loan EMI Calculator With Downpayment - Check out the Cheapest Tata Nexon 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

The EMI for a Tata Nexon starts at ₹ 18,933 per month for a 60-month term at 9.8 percent for a loan amount of ₹ 13.34 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.

Tata Nexon Down Payment and EMI

Tata Nexon VARIANTS
LOAN @ RATE%
DOWN PAYMENT
EMI AMOUNT (60 MONTHS)
EMI AMOUNT (84 MONTHS)
Tata Nexon XE
9.8%
₹ 88,000
₹ 16,845
₹ 13,141
Tata Nexon XM
9.8%
₹ 99,000
₹ 18,933
₹ 14,770
Tata Nexon XE Diesel
9.8%
₹ 98,000
₹ 18,641
₹ 14,542
Tata Nexon XM S
9.8%
₹ 1,06,000
₹ 20,161
₹ 15,727
Tata Nexon XMA AMT
9.8%
₹ 1,07,000
₹ 20,325
₹ 15,856
Tata Nexon XZ
9.8%
₹ 1,11,000
₹ 21,184
₹ 16,525
Tata Nexon XMA AMT Diesel S
9.8%
₹ 1,13,000
₹ 21,521
₹ 16,789
Tata Nexon XM Diesel
9.8%
₹ 1,16,000
₹ 22,059
₹ 17,208
Tata Nexon XM Diesel S
9.8%
₹ 1,20,000
₹ 22,918
₹ 17,878
Tata Nexon XZ Plus
9.8%
₹ 1,18,000
₹ 22,498
₹ 17,550
Tata Nexon XMA AMT Diesel
9.8%
₹ 1,20,000
₹ 22,929
₹ 17,887
Tata Nexon XZ Plus DualTone Roof
9.8%
₹ 1,24,000
₹ 23,698
₹ 18,487
Tata Nexon XZ Plus Dark Edition
9.8%
₹ 1,27,000
₹ 24,147
₹ 18,837
Tata Nexon XZ Diesel
9.8%
₹ 1,26,000
₹ 23,972
₹ 18,700
Tata Nexon XMA AMT S
9.8%
₹ 1,33,000
₹ 25,277
₹ 19,718
Tata Nexon XZA Plus AMT
9.8%
₹ 1,30,000
₹ 24,685
₹ 19,257
Tata Nexon XZ Plus S
9.8%
₹ 1,30,000
₹ 24,774
₹ 19,326
Tata Nexon XZA Plus DualTone Roof AMT
9.8%
₹ 1,32,000
₹ 25,124
₹ 19,599
Tata Nexon XZ Plus DualTone Roof S
9.8%
₹ 1,32,000
₹ 25,140
₹ 19,612
Tata Nexon XZ Plus (O)
9.8%
₹ 1,34,000
₹ 25,411
₹ 19,823
Tata Nexon XZA Plus Dark Edition
9.8%
₹ 1,34,000
₹ 25,442
₹ 19,847
Tata Nexon XZ Plus DualTone Roof (O)
9.8%
₹ 1,35,000
₹ 25,798
₹ 20,125
Tata Nexon XZ Plus (O) Dark Edition
9.8%
₹ 1,38,000
₹ 26,200
₹ 20,438
Tata Nexon XZA Plus AMT S
9.8%
₹ 1,38,000
₹ 26,200
₹ 20,438
Tata Nexon XZ Plus Diesel
9.8%
₹ 1,41,000
₹ 26,809
₹ 20,913
Tata Nexon XZA Plus DualTone Roof AMT S
9.8%
₹ 1,40,000
₹ 26,566
₹ 20,724
Tata Nexon XZ Plus DualTone Roof Diesel
9.8%
₹ 1,43,000
₹ 27,246
₹ 21,254
Tata Nexon XZA Plus (O) AMT
9.8%
₹ 1,41,000
₹ 26,858
₹ 20,952
Tata Nexon XZ Plus Dark Edition Diesel
9.8%
₹ 1,46,000
₹ 27,706
₹ 21,613
Tata Nexon XZA Plus DT Roof (O) AMT
9.8%
₹ 1,43,000
₹ 27,224
₹ 21,238
Tata Nexon XZA Plus (O) Dark Edition
9.8%
₹ 1,45,000
₹ 27,615
₹ 21,542
Tata Nexon XZA Plus AMT Diesel
9.8%
₹ 1,49,000
₹ 28,257
₹ 22,043
Tata Nexon XZ Plus Diesel S
9.8%
₹ 1,49,000
₹ 28,348
₹ 22,114
Tata Nexon XZA Plus DT Roof AMT Diesel
9.8%
₹ 1,51,000
₹ 28,706
₹ 22,394
Tata Nexon XZ Plus DualTone Roof Diesel S
9.8%
₹ 1,51,000
₹ 28,724
₹ 22,407
Tata Nexon XZA Plus Dark Edition Diesel
9.8%
₹ 1,53,000
₹ 29,033
₹ 22,648
Tata Nexon XZ Plus (O) Diesel
9.8%
₹ 1,52,000
₹ 29,022
₹ 22,640
Tata Nexon XZ Plus DualTone Roof (O) Diesel
9.8%
₹ 1,54,000
₹ 29,398
₹ 22,933
Tata Nexon XZA Plus AMT Diesel S
9.8%
₹ 1,50,000
₹ 28,492
₹ 22,226
Tata Nexon XZ Plus (O) Dark Edition Diesel
9.8%
₹ 1,57,000
₹ 29,809
₹ 23,253
Tata Nexon XZA Plus DT Roof AMT Diesel S
9.8%
₹ 1,53,000
₹ 29,038
₹ 22,652
Tata Nexon XZA Plus (O) AMT Diesel
9.8%
₹ 1,60,000
₹ 30,483
₹ 23,779
Tata Nexon XZA Plus DT Roof (O) Diesel AMT
9.8%
₹ 1,62,000
₹ 30,858
₹ 24,072
Tata Nexon XZA Plus (O) Dark Edition Diesel
9.8%
₹ 1,64,000
₹ 31,258
₹ 24,384

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 XE

Model Name

Tata Nexon XE

Price

₹ 7.29 Lakh* (Ex-Showroom)

Loan Amount

₹ 7,96,495

Downpayment

₹ 88,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,38,565
₹ 2,14,198
₹ 1,97,015
₹ 3,07,315
Total Amount Payable
₹ 9,35,060
₹ 10,10,693
₹ 9,93,510
₹ 11,03,810

Monthly EMI

₹ 15,584

₹ 16,845

₹ 11,828

₹ 13,141

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

Car Loan EMI Structure of Tata Nexon XM

Model Name

Tata Nexon XM

Price

₹ 8.29 Lakh* (Ex-Showroom)

Loan Amount

₹ 8,95,231

Downpayment

₹ 99,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,55,742
₹ 2,40,751
₹ 2,21,438
₹ 3,45,411
Total Amount Payable
₹ 10,50,973
₹ 11,35,982
₹ 11,16,669
₹ 12,40,642

Monthly EMI

₹ 17,516

₹ 18,933

₹ 13,294

₹ 14,770

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

Car Loan EMI Structure of Tata Nexon XE Diesel

Model Name

Tata Nexon XE Diesel

Price

₹ 8.58 Lakh* (Ex-Showroom)

Loan Amount

₹ 8,81,412

Downpayment

₹ 98,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,53,338
₹ 2,37,035
₹ 2,18,020
₹ 3,40,079
Total Amount Payable
₹ 10,34,750
₹ 11,18,447
₹ 10,99,432
₹ 12,21,491

Monthly EMI

₹ 17,246

₹ 18,641

₹ 13,088

₹ 14,542

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

Car Loan EMI Structure of Tata Nexon XM S

Model Name

Tata Nexon XM S

Price

₹ 8.86 Lakh* (Ex-Showroom)

Loan Amount

₹ 9,53,282

Downpayment

₹ 1,06,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,65,841
₹ 2,56,363
₹ 2,35,797
₹ 3,67,809
Total Amount Payable
₹ 11,19,123
₹ 12,09,645
₹ 11,89,079
₹ 13,21,091

Monthly EMI

₹ 18,652

₹ 20,161

₹ 14,156

₹ 15,727

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

Car Loan EMI Structure of Tata Nexon XMA AMT

Model Name

Tata Nexon XMA AMT

Price

₹ 8.94 Lakh* (Ex-Showroom)

Loan Amount

₹ 9,61,061

Downpayment

₹ 1,07,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,67,195
₹ 2,58,455
₹ 2,37,721
₹ 3,70,810
Total Amount Payable
₹ 11,28,256
₹ 12,19,516
₹ 11,98,782
₹ 13,31,871

Monthly EMI

₹ 18,804

₹ 20,325

₹ 14,271

₹ 15,856

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

Car Loan EMI Structure of Tata Nexon XZ

Model Name

Tata Nexon XZ

Price

₹ 9.36 Lakh* (Ex-Showroom)

Loan Amount

₹ 10,01,650

Downpayment

₹ 1,11,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,74,256
₹ 2,69,370
₹ 2,47,761
₹ 3,86,471
Total Amount Payable
₹ 11,75,906
₹ 12,71,020
₹ 12,49,411
₹ 13,88,121

Monthly EMI

₹ 19,598

₹ 21,184

₹ 14,874

₹ 16,525

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

Car Loan EMI Structure of Tata Nexon XMA AMT Diesel S

Model Name

Tata Nexon XMA AMT Diesel S

Price

₹ 9.51 Lakh* (Ex-Showroom)

Loan Amount

₹ 10,17,611

Downpayment

₹ 1,13,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,77,033
₹ 2,73,662
₹ 2,51,709
₹ 3,92,629
Total Amount Payable
₹ 11,94,644
₹ 12,91,273
₹ 12,69,320
₹ 14,10,240

Monthly EMI

₹ 19,911

₹ 21,521

₹ 15,111

₹ 16,789

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

Car Loan EMI Structure of Tata Nexon XM Diesel

Model Name

Tata Nexon XM Diesel

Price

₹ 9.59 Lakh* (Ex-Showroom)

Loan Amount

₹ 10,43,041

Downpayment

₹ 1,16,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,81,457
₹ 2,80,501
₹ 2,57,999
₹ 4,02,441
Total Amount Payable
₹ 12,24,498
₹ 13,23,542
₹ 13,01,040
₹ 14,45,482

Monthly EMI

₹ 20,408

₹ 22,059

₹ 15,489

₹ 17,208

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

Car Loan EMI Structure of Tata Nexon XM Diesel S

Model Name

Tata Nexon XM Diesel S

Price

₹ 9.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 10,83,636

Downpayment

₹ 1,20,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,88,519
₹ 2,91,418
₹ 2,68,040
₹ 4,18,104
Total Amount Payable
₹ 12,72,155
₹ 13,75,054
₹ 13,51,676
₹ 15,01,740

Monthly EMI

₹ 21,203

₹ 22,918

₹ 16,091

₹ 17,878

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

Car Loan EMI Structure of Tata Nexon XZ Plus

Model Name

Tata Nexon XZ Plus

Price

₹ 9.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 10,63,785

Downpayment

₹ 1,18,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,85,065
₹ 2,86,080
₹ 2,63,130
₹ 4,10,445
Total Amount Payable
₹ 12,48,850
₹ 13,49,865
₹ 13,26,915
₹ 14,74,230

Monthly EMI

₹ 20,814

₹ 22,498

₹ 15,797

₹ 17,550

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

Car Loan EMI Structure of Tata Nexon XMA AMT Diesel

Model Name

Tata Nexon XMA AMT Diesel

Price

₹ 10.13 Lakh* (Ex-Showroom)

Loan Amount

₹ 10,84,173

Downpayment

₹ 1,20,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,88,612
₹ 2,91,563
₹ 2,68,173
₹ 4,18,311
Total Amount Payable
₹ 12,72,785
₹ 13,75,736
₹ 13,52,346
₹ 15,02,484

Monthly EMI

₹ 21,213

₹ 22,929

₹ 16,099

₹ 17,887

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

Car Loan EMI Structure of Tata Nexon XZ Plus DualTone Roof

Model Name

Tata Nexon XZ Plus DualTone Roof

Price

₹ 10.19 Lakh* (Ex-Showroom)

Loan Amount

₹ 11,20,528

Downpayment

₹ 1,24,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,94,937
₹ 3,01,339
₹ 2,77,166
₹ 4,32,338
Total Amount Payable
₹ 13,15,465
₹ 14,21,867
₹ 13,97,694
₹ 15,52,866

Monthly EMI

₹ 21,924

₹ 23,698

₹ 16,639

₹ 18,487

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

Car Loan EMI Structure of Tata Nexon XZ Plus Dark Edition

Model Name

Tata Nexon XZ Plus Dark Edition

Price

₹ 10.39 Lakh* (Ex-Showroom)

Loan Amount

₹ 11,41,775

Downpayment

₹ 1,27,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,98,633
₹ 3,07,053
₹ 2,82,421
₹ 4,40,536
Total Amount Payable
₹ 13,40,408
₹ 14,48,828
₹ 14,24,196
₹ 15,82,311

Monthly EMI

₹ 22,340

₹ 24,147

₹ 16,955

₹ 18,837

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

Car Loan EMI Structure of Tata Nexon XZ Diesel

Model Name

Tata Nexon XZ Diesel

Price

₹ 10.60 Lakh* (Ex-Showroom)

Loan Amount

₹ 11,33,483

Downpayment

₹ 1,26,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 1,97,191
₹ 3,04,823
₹ 2,80,370
₹ 4,37,337
Total Amount Payable
₹ 13,30,674
₹ 14,38,306
₹ 14,13,853
₹ 15,70,820

Monthly EMI

₹ 22,178

₹ 23,972

₹ 16,832

₹ 18,700

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

Car Loan EMI Structure of Tata Nexon XMA AMT S

Model Name

Tata Nexon XMA AMT S

Price

₹ 10.64 Lakh* (Ex-Showroom)

Loan Amount

₹ 11,95,185

Downpayment

₹ 1,33,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,07,925
₹ 3,21,417
₹ 2,95,632
₹ 4,61,143
Total Amount Payable
₹ 14,03,110
₹ 15,16,602
₹ 14,90,817
₹ 16,56,328

Monthly EMI

₹ 23,385

₹ 25,277

₹ 17,748

₹ 19,718

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

Car Loan EMI Structure of Tata Nexon XZA Plus AMT

Model Name

Tata Nexon XZA Plus AMT

Price

₹ 10.64 Lakh* (Ex-Showroom)

Loan Amount

₹ 11,67,209

Downpayment

₹ 1,30,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,03,058
₹ 3,13,893
₹ 2,88,712
₹ 4,50,349
Total Amount Payable
₹ 13,70,267
₹ 14,81,102
₹ 14,55,921
₹ 16,17,558

Monthly EMI

₹ 22,838

₹ 24,685

₹ 17,332

₹ 19,257

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

Car Loan EMI Structure of Tata Nexon XZ Plus S

Model Name

Tata Nexon XZ Plus S

Price

₹ 10.69 Lakh* (Ex-Showroom)

Loan Amount

₹ 11,71,396

Downpayment

₹ 1,30,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,03,786
₹ 3,15,019
₹ 2,89,748
₹ 4,51,965
Total Amount Payable
₹ 13,75,182
₹ 14,86,415
₹ 14,61,144
₹ 16,23,361

Monthly EMI

₹ 22,920

₹ 24,774

₹ 17,395

₹ 19,326

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

Car Loan EMI Structure of Tata Nexon XZA Plus DualTone Roof AMT

Model Name

Tata Nexon XZA Plus DualTone Roof AMT

Price

₹ 10.84 Lakh* (Ex-Showroom)

Loan Amount

₹ 11,87,957

Downpayment

₹ 1,32,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,06,668
₹ 3,19,473
₹ 2,93,844
₹ 4,58,355
Total Amount Payable
₹ 13,94,625
₹ 15,07,430
₹ 14,81,801
₹ 16,46,312

Monthly EMI

₹ 23,244

₹ 25,124

₹ 17,640

₹ 19,599

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

Car Loan EMI Structure of Tata Nexon XZ Plus DualTone Roof S

Model Name

Tata Nexon XZ Plus DualTone Roof S

Price

₹ 10.86 Lakh* (Ex-Showroom)

Loan Amount

₹ 11,88,731

Downpayment

₹ 1,32,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,06,802
₹ 3,19,681
₹ 2,94,036
₹ 4,58,653
Total Amount Payable
₹ 13,95,533
₹ 15,08,412
₹ 14,82,767
₹ 16,47,384

Monthly EMI

₹ 23,259

₹ 25,140

₹ 17,652

₹ 19,612

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

Car Loan EMI Structure of Tata Nexon XZ Plus (O)

Model Name

Tata Nexon XZ Plus (O)

Price

₹ 10.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 12,01,517

Downpayment

₹ 1,34,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,09,027
₹ 3,23,119
₹ 2,97,198
₹ 4,63,587
Total Amount Payable
₹ 14,10,544
₹ 15,24,636
₹ 14,98,715
₹ 16,65,104

Monthly EMI

₹ 23,509

₹ 25,411

₹ 17,842

₹ 19,823

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

Car Loan EMI Structure of Tata Nexon XZA Plus Dark Edition

Model Name

Tata Nexon XZA Plus Dark Edition

Price

₹ 10.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 12,03,018

Downpayment

₹ 1,34,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,09,288
₹ 3,23,523
₹ 2,97,570
₹ 4,64,166
Total Amount Payable
₹ 14,12,306
₹ 15,26,541
₹ 15,00,588
₹ 16,67,184

Monthly EMI

₹ 23,538

₹ 25,442

₹ 17,864

₹ 19,847

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

Car Loan EMI Structure of Tata Nexon XZ Plus DualTone Roof (O)

Model Name

Tata Nexon XZ Plus DualTone Roof (O)

Price

₹ 11.16 Lakh* (Ex-Showroom)

Loan Amount

₹ 12,19,852

Downpayment

₹ 1,35,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,12,216
₹ 3,28,050
₹ 3,01,734
₹ 4,70,661
Total Amount Payable
₹ 14,32,068
₹ 15,47,902
₹ 15,21,586
₹ 16,90,513

Monthly EMI

₹ 23,868

₹ 25,798

₹ 18,114

₹ 20,125

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

Car Loan EMI Structure of Tata Nexon XZ Plus (O) Dark Edition

Model Name

Tata Nexon XZ Plus (O) Dark Edition

Price

₹ 11.34 Lakh* (Ex-Showroom)

Loan Amount

₹ 12,38,825

Downpayment

₹ 1,38,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,15,517
₹ 3,33,153
₹ 3,06,427
₹ 4,77,981
Total Amount Payable
₹ 14,54,342
₹ 15,71,978
₹ 15,45,252
₹ 17,16,806

Monthly EMI

₹ 24,239

₹ 26,200

₹ 18,396

₹ 20,438

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

Car Loan EMI Structure of Tata Nexon XZA Plus AMT S

Model Name

Tata Nexon XZA Plus AMT S

Price

₹ 11.34 Lakh* (Ex-Showroom)

Loan Amount

₹ 12,38,825

Downpayment

₹ 1,38,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,15,517
₹ 3,33,153
₹ 3,06,427
₹ 4,77,981
Total Amount Payable
₹ 14,54,342
₹ 15,71,978
₹ 15,45,252
₹ 17,16,806

Monthly EMI

₹ 24,239

₹ 26,200

₹ 18,396

₹ 20,438

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

Car Loan EMI Structure of Tata Nexon XZ Plus Diesel

Model Name

Tata Nexon XZ Plus Diesel

Price

₹ 11.35 Lakh* (Ex-Showroom)

Loan Amount

₹ 12,67,633

Downpayment

₹ 1,41,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,20,529
₹ 3,40,900
₹ 3,13,552
₹ 4,89,096
Total Amount Payable
₹ 14,88,162
₹ 16,08,533
₹ 15,81,185
₹ 17,56,729

Monthly EMI

₹ 24,803

₹ 26,809

₹ 18,824

₹ 20,913

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

Car Loan EMI Structure of Tata Nexon XZA Plus DualTone Roof AMT S

Model Name

Tata Nexon XZA Plus DualTone Roof AMT S

Price

₹ 11.51 Lakh* (Ex-Showroom)

Loan Amount

₹ 12,56,161

Downpayment

₹ 1,40,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,18,533
₹ 3,37,815
₹ 3,10,715
₹ 4,84,670
Total Amount Payable
₹ 14,74,694
₹ 15,93,976
₹ 15,66,876
₹ 17,40,831

Monthly EMI

₹ 24,578

₹ 26,566

₹ 18,653

₹ 20,724

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

Car Loan EMI Structure of Tata Nexon XZ Plus DualTone Roof Diesel

Model Name

Tata Nexon XZ Plus DualTone Roof Diesel

Price

₹ 11.54 Lakh* (Ex-Showroom)

Loan Amount

₹ 12,88,298

Downpayment

₹ 1,43,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,24,124
₹ 3,46,457
₹ 3,18,664
₹ 4,97,070
Total Amount Payable
₹ 15,12,422
₹ 16,34,755
₹ 16,06,962
₹ 17,85,368

Monthly EMI

₹ 25,207

₹ 27,246

₹ 19,130

₹ 21,254

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

Car Loan EMI Structure of Tata Nexon XZA Plus (O) AMT

Model Name

Tata Nexon XZA Plus (O) AMT

Price

₹ 11.64 Lakh* (Ex-Showroom)

Loan Amount

₹ 12,69,946

Downpayment

₹ 1,41,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,20,931
₹ 3,41,522
₹ 3,14,125
₹ 4,89,989
Total Amount Payable
₹ 14,90,877
₹ 16,11,468
₹ 15,84,071
₹ 17,59,935

Monthly EMI

₹ 24,848

₹ 26,858

₹ 18,858

₹ 20,952

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

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

Model Name

Tata Nexon XZ Plus Dark Edition Diesel

Price

₹ 11.74 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,10,046

Downpayment

₹ 1,46,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,27,907
₹ 3,52,306
₹ 3,24,043
₹ 5,05,461
Total Amount Payable
₹ 15,37,953
₹ 16,62,352
₹ 16,34,089
₹ 18,15,507

Monthly EMI

₹ 25,633

₹ 27,706

₹ 19,453

₹ 21,613

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

Car Loan EMI Structure of Tata Nexon XZA Plus DT Roof (O) AMT

Model Name

Tata Nexon XZA Plus DT Roof (O) AMT

Price

₹ 11.81 Lakh* (Ex-Showroom)

Loan Amount

₹ 12,87,282

Downpayment

₹ 1,43,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,23,947
₹ 3,46,184
₹ 3,18,413
₹ 4,96,678
Total Amount Payable
₹ 15,11,229
₹ 16,33,466
₹ 16,05,695
₹ 17,83,960

Monthly EMI

₹ 25,187

₹ 27,224

₹ 19,115

₹ 21,238

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

Car Loan EMI Structure of Tata Nexon XZA Plus (O) Dark Edition

Model Name

Tata Nexon XZA Plus (O) Dark Edition

Price

₹ 11.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,05,754

Downpayment

₹ 1,45,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,27,161
₹ 3,51,151
₹ 3,22,982
₹ 5,03,805
Total Amount Payable
₹ 15,32,915
₹ 16,56,905
₹ 16,28,736
₹ 18,09,559

Monthly EMI

₹ 25,549

₹ 27,615

₹ 19,390

₹ 21,542

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

Car Loan EMI Structure of Tata Nexon XZA Plus AMT Diesel

Model Name

Tata Nexon XZA Plus AMT Diesel

Price

₹ 11.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,36,105

Downpayment

₹ 1,49,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,32,441
₹ 3,59,314
₹ 3,30,489
₹ 5,15,515
Total Amount Payable
₹ 15,68,546
₹ 16,95,419
₹ 16,66,594
₹ 18,51,620

Monthly EMI

₹ 26,142

₹ 28,257

₹ 19,840

₹ 22,043

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

Car Loan EMI Structure of Tata Nexon XZ Plus Diesel S

Model Name

Tata Nexon XZ Plus Diesel S

Price

₹ 12.04 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,40,417

Downpayment

₹ 1,49,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,33,191
₹ 3,60,473
₹ 3,31,556
₹ 5,17,179
Total Amount Payable
₹ 15,73,608
₹ 17,00,890
₹ 16,71,973
₹ 18,57,596

Monthly EMI

₹ 26,227

₹ 28,348

₹ 19,904

₹ 22,114

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

Car Loan EMI Structure of Tata Nexon XZA Plus DT Roof AMT Diesel

Model Name

Tata Nexon XZA Plus DT Roof AMT Diesel

Price

₹ 12.19 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,57,352

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
₹ 2,36,137
₹ 3,65,028
₹ 3,35,745
₹ 5,23,713
Total Amount Payable
₹ 15,93,489
₹ 17,22,380
₹ 16,93,097
₹ 18,81,065

Monthly EMI

₹ 26,558

₹ 28,706

₹ 20,156

₹ 22,394

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

Car Loan EMI Structure of Tata Nexon XZ Plus DualTone Roof Diesel S

Model Name

Tata Nexon XZ Plus DualTone Roof Diesel S

Price

₹ 12.21 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,58,177

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
₹ 2,36,281
₹ 3,65,249
₹ 3,35,949
₹ 5,24,031
Total Amount Payable
₹ 15,94,458
₹ 17,23,426
₹ 16,94,126
₹ 18,82,208

Monthly EMI

₹ 26,574

₹ 28,724

₹ 20,168

₹ 22,407

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

Car Loan EMI Structure of Tata Nexon XZA Plus Dark Edition Diesel

Model Name

Tata Nexon XZA Plus Dark Edition Diesel

Price

₹ 12.34 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,72,788

Downpayment

₹ 1,53,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,38,822
₹ 3,69,179
₹ 3,39,563
₹ 5,29,669
Total Amount Payable
₹ 16,11,610
₹ 17,41,967
₹ 17,12,351
₹ 19,02,457

Monthly EMI

₹ 26,860

₹ 29,033

₹ 20,385

₹ 22,648

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

Car Loan EMI Structure of Tata Nexon XZ Plus (O) Diesel

Model Name

Tata Nexon XZ Plus (O) Diesel

Price

₹ 12.34 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,72,288

Downpayment

₹ 1,52,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,38,735
₹ 3,69,044
₹ 3,39,439
₹ 5,29,476
Total Amount Payable
₹ 16,11,023
₹ 17,41,332
₹ 17,11,727
₹ 19,01,764

Monthly EMI

₹ 26,850

₹ 29,022

₹ 20,378

₹ 22,640

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

Car Loan EMI Structure of Tata Nexon XZ Plus DualTone Roof (O) Diesel

Model Name

Tata Nexon XZ Plus DualTone Roof (O) Diesel

Price

₹ 12.51 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,90,048

Downpayment

₹ 1,54,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,41,825
₹ 3,73,820
₹ 3,43,832
₹ 5,36,328
Total Amount Payable
₹ 16,31,873
₹ 17,63,868
₹ 17,33,880
₹ 19,26,376

Monthly EMI

₹ 27,198

₹ 29,398

₹ 20,641

₹ 22,933

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

Car Loan EMI Structure of Tata Nexon XZA Plus AMT Diesel S

Model Name

Tata Nexon XZA Plus AMT Diesel S

Price

₹ 12.62 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,47,197

Downpayment

₹ 1,50,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,34,370
₹ 3,62,297
₹ 3,33,233
₹ 5,19,795
Total Amount Payable
₹ 15,81,567
₹ 17,09,494
₹ 16,80,430
₹ 18,66,992

Monthly EMI

₹ 26,359

₹ 28,492

₹ 20,005

₹ 22,226

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

Car Loan EMI Structure of Tata Nexon XZ Plus (O) Dark Edition Diesel

Model Name

Tata Nexon XZ Plus (O) Dark Edition Diesel

Price

₹ 12.69 Lakh* (Ex-Showroom)

Loan Amount

₹ 14,09,471

Downpayment

₹ 1,57,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,45,204
₹ 3,79,044
₹ 3,48,636
₹ 5,43,822
Total Amount Payable
₹ 16,54,675
₹ 17,88,515
₹ 17,58,107
₹ 19,53,293

Monthly EMI

₹ 27,578

₹ 29,809

₹ 20,930

₹ 23,253

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

Car Loan EMI Structure of Tata Nexon XZA Plus DT Roof AMT Diesel S

Model Name

Tata Nexon XZA Plus DT Roof AMT Diesel S

Price

₹ 12.86 Lakh* (Ex-Showroom)

Loan Amount

₹ 13,73,029

Downpayment

₹ 1,53,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,38,864
₹ 3,69,244
₹ 3,39,622
₹ 5,29,762
Total Amount Payable
₹ 16,11,893
₹ 17,42,273
₹ 17,12,651
₹ 19,02,791

Monthly EMI

₹ 26,865

₹ 29,038

₹ 20,389

₹ 22,652

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

Car Loan EMI Structure of Tata Nexon XZA Plus (O) AMT Diesel

Model Name

Tata Nexon XZA Plus (O) AMT Diesel

Price

₹ 12.99 Lakh* (Ex-Showroom)

Loan Amount

₹ 14,41,342

Downpayment

₹ 1,60,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,50,749
₹ 3,87,615
₹ 3,56,520
₹ 5,56,119
Total Amount Payable
₹ 16,92,091
₹ 18,28,957
₹ 17,97,862
₹ 19,97,461

Monthly EMI

₹ 28,202

₹ 30,483

₹ 21,403

₹ 23,779

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

Car Loan EMI Structure of Tata Nexon XZA Plus DT Roof (O) Diesel AMT

Model Name

Tata Nexon XZA Plus DT Roof (O) Diesel AMT

Price

₹ 13.16 Lakh* (Ex-Showroom)

Loan Amount

₹ 14,59,103

Downpayment

₹ 1,62,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,53,839
₹ 3,92,391
₹ 3,60,913
₹ 5,62,972
Total Amount Payable
₹ 17,12,942
₹ 18,51,494
₹ 18,20,016
₹ 20,22,075

Monthly EMI

₹ 28,549

₹ 30,858

₹ 21,667

₹ 24,072

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

Car Loan EMI Structure of Tata Nexon XZA Plus (O) Dark Edition Diesel

Model Name

Tata Nexon XZA Plus (O) Dark Edition Diesel

Price

₹ 13.34 Lakh* (Ex-Showroom)

Loan Amount

₹ 14,78,025

Downpayment

₹ 1,64,000

Interest Rates

Min 6.5%

Max 9.8%

Min 6.5%

Max 9.8%

Tenure
For 5 Years
For 7 Years
Total Interest Payable
₹ 2,57,130
₹ 3,97,480
₹ 3,65,593
₹ 5,70,273
Total Amount Payable
₹ 17,35,155
₹ 18,75,505
₹ 18,43,618
₹ 20,48,298

Monthly EMI

₹ 28,919

₹ 31,258

₹ 21,948

₹ 24,384

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

About Tata Nexon

Tata Nexon is available different variants XE, XM, XM(S), XZ, XZ Plus, XZ Plus dual tone, XZ Plus (O), XZ Plus (O) dual tone, XZ Plus Dark Edition, and XZ Plus (O) Dark Edition. XMA, XMA (S), XZA Plus, XZA Plus dual tone, XZA Plus Dark Edition, XZA Plus (S), XZA Plus dual-tone (S), XZA Plus (O), XZA Plus (O) dual tone, and XZA Plus (O) Dark Edition are the AMT variants available. Tata launched the Nexon facelift in India in early 2020, with a new set of aesthetic and functional improvements. In July 2021, the business released the Nexon Dark, which took things to the next level.

Both petrol and diesel engines are available for the Tata Nexon. At 5,500rpm, the 1.2-litre turbocharged petrol engine produces 118bhp and 170Nm of torque at 1,750rpm. The 1.5-litre diesel engine, on the other hand, delivers 108bhp at 4,000rpm and 260Nm of torque at 1,500rpm. A six-speed manual transmission and an AMT unit are available as options.

The Tata Nexon is now sleeker, with a chiselled appearance rather than the previous muscular and rounder appearance. A new dual-barrel projector headlight arrangement with integrated tri-arrow LED DRLs has been added to the small SUV. The bottom air dam has been enlarged, and a big 'tri-arrow' styled grille has been added. The car is equipped with a set of contemporary alloy wheels that measure 16 inches in diameter.

The dashboard of the Tata Nexon is clean and minimalistic. A redesigned steering wheel with a smaller horn pad and premium-looking multimedia and cruise control buttons has been added to the compact SUV. A completely digital instrument cluster sits behind the steering wheel, coupled with a new seven-inch touchscreen infotainment system. Foliage Green, Flame Red, Pure Silver, Daytona Grey, Calgary White, and Atlas Black are the six colour options for the Tata Nexon. The Tata Nexon has a five-seat configuration. In India, the Tata Nexon competes against Hyundai Venue, Kia Sonet, Renault Kiger, and Nissan Magnite.

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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