In the Indian market, many auto companies are offering the best cars. There are also very few companies in the market whose customers believe in their eyes. Tata Motors is one of the leading companies. The company has sold cars in various segments. Now the company’s full focus is on the production of electric cars.
Tata has offered the best cars in the country, which has also become popular in the market. Tata Punch is one of those cars. Tata Punch is included in the list of most popular cars sold in the Indian market. In addition, this car can also be called a budget-friendly car. The reason for this is that the car is priced at Rs 7 lakh. At the same time, it is not necessary to pay the full money at the same time to buy this car. This car can also be brought home by taking it on the loan. For this, you will have to deposit a few thousand rupees per month in the EMM as the bank.
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How much is the emi?
The on-road price of Tata Punch’s petrol variant is Rs 6.66 lakh. You will get a loan of Rs 5.99 lakh from the bank to buy this car. The amount of car loan depends on how good your credit score is. Depending on the interest rate on this loan, you will have to go to the bank every month and pay a fixed amount in the EMI format.
To buy this petrol variant of Tata Punch, a down payment of Rs 60000 will have to be deposited. If the bank is charging 9.8 percent interest on the purchase of the punch and you have taken this loan for four years, you will have to deposit Rs 15,326 per month.
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How many years do you have to pay an EMI?
If you take this loan for 5 years, at 9.8 percent interest rate, you will have to deposit about Rs 12,828 per month as an installment. In different states of the country, the price of Tata Punch can be felt.
The amount of the loan available on the Tata Punch may also be different. If there is a difference of interest on the car loan, then there may be a difference between the figures of the EMI. It is important to know all the variants before taking a car loan.
