Tata Nexon EMI Calculator: Tata Nexon is one of the most popular SUV cars in the country. This is one such car that people are liking a lot. This is because of the powerful engine and good mileage. In March 2023, it was the second best-selling SUV with over 14 thousand units sold.
To buy Tata Nexon, people can consider a loan, a down payment and EMI. Here are details of how much EMI have to pay for the base variant of Tata Nexon with a down payment of Rs 2.5 lakh.
About Tata Nexon
Talking about the features of Tata Nexon, it has both 1.2L 3-cylinder turbocharged petrol engine (110 PS/170 Nm) and 1.5L 4-cylinder diesel engine (110 PS/260 Nm) options available. Both these engines are also offered with the option of a 5-speed manual and AMT gearbox.
Also read:- Petrol bikes to replace with Ola S1 Air soon? Details here
The Tata Nexon gets a 7.0-inch touchscreen infotainment system that supports Android Auto and Apple CarPlay connectivity. Apart from this, it also gets features like rain-sensing wipers, rear AC vents, auto AC, cruise control, digital instrument cluster, dual front airbags, rear parking sensors, ABS with EBD and Electronic Stability Program (ESP).
Down Payment and EMI
Let’s talk about the down payment and EMI for Tata Nexon. Its base variant is available for Rs 7.80 lakh (ex-showroom). But its on-road price is Rs. 8.75 lakhs. If you want to take a loan for this, then suppose you make a down payment of Rs 2.5 lakh. With this, your loan amount will be around Rs 6.25 lakh.
Now if you take this loan for 5 years and the interest rate is 9 per cent, then you will have to pay an EMI of about Rs 12,990 every month. With this, you will have to pay an additional Rs 1.53 lakh in total. That is, apart from the down payment, you will have to pay a total of Rs 7.79 lakh to the bank.
