How much down payment to buy country's number 1 SUV?
Tata Punch is the most popular SUV sold in the indian market. Last year in 2024, this car had the highest sales. There are a total of 31 variants of this car in the market. The price of Tata Punch starts from Rs 6.20 lakh and goes up to Rs 10.32 lakh. The top selling model of this Tata vehicle is Adventure Rhythm (Petrol). The on-road price of this variant of Punch is Rs 8.52 lakh.
Down payment for Tata Punch
To buy the top-selling model of Tata Punch, a loan of Rs 7.67 lakh will have to be taken. The amount of car loan depends on your credit score. If the credit score is better, then you can get a loan of maximum amount. The bank charges interest on the loan taken to buy Punch. According to this interest, you will have to deposit a fixed amount every month as EMI.
To buy Tata Punch, you will have to deposit Rs 85,000 as down payment.
If you take a loan for four years to buy this Tata car and the bank charges 9 percent interest on this loan, then you will have to deposit an EMI of about Rs 19,000 every month.
If you take a loan for five years to buy Tata Punch, you will have to deposit Rs 16,000 every month in the bank as EMI at an interest rate of 9 percent.
If you take a loan for six years to buy this 5-seater car, then you will have to deposit an EMI of Rs 13,800 at an interest rate of 9 percent in the bank. If you take a loan for seven years to buy Tata Punch, then you will have to deposit Rs 12,400 in the bank every month. It is important to read all the documents carefully while taking a loan to buy Tata Punch. There may be a difference in these figures according to the different policies of the banks.
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