What is the on-road price of Tata Nexon EV?
The demand for electric cars is increasing in India. Tata Motors is currently selling electric vehicles in the country with the largest line-up. Most of the vehicles of this brand have also received 5-star safety rating in crash tests. Tata Nexon EV is the most popular electric car of indian automakers. The ex-showroom price of Tata Nexon EV starts from Rs 12.49 lakh and goes up to Rs 17.19 lakh.
Tata Nexon EV on EMI
A total of 10 variants of Tata Nexon EV are included in the market. The on-road price of the base model of Nexon EV is Rs 13.17 lakh. To buy this electric car, you will get a loan of Rs 11.85 lakh. The amount of loan you get from the bank depends on your credit score. If the credit score is better, then you can get a loan of maximum amount. According to the interest charged on this loan, EMI will have to be deposited in the bank every month.
To buy the base model of Tata Nexon EV, you will have to deposit Rs 1.32 lakh 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 Rs 29,500 every month.
If you take a loan for five years to buy this electric car, then an EMI of Rs 24,600 will be deposited every month at an interest of 9 percent.
If you take a loan for six years to buy Tata EV, then an EMI of Rs 21,400 will have to be deposited in the bank every month.
If you take a loan for seven years for Nexon EV, then Rs 19,100 will have to be deposited in the bank every month at an interest of 9 percent.
Before buying Tata Nexon EV on a car loan, it is important to read all the documents related to it carefully. According to different policies of banks, differences can be seen in these figures.
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