On how much down payment will you get this great car?
Tata Harrier is a 5-seater SUV, which has 25 variants in the market. The ex-showroom price of Tata Harrier starts from Rs 14 lakh 99 thousand and goes up to Rs 25 lakh 89 thousand. If you want to buy Tata Harrier on EMI instead of paying full payment once, then here we are going to tell you about the car loan.
What is the on-road price in Delhi?
The cheapest variant of this car is Smart Diesel. If this variant is bought in Delhi, then its on-road price will be Rs 17.90 lakh. At the same time, a difference in this price can be seen in the rest of the states of the country. To buy this car, you will get a loan of Rs 16 lakh 11 thousand. The loan amount depends on your credit score. According to the interest charged on the loan taken from the bank, a fixed amount will have to be deposited every month as an installment.
How much EMI will have to be paid every month?
To buy Tata Harrier, about 10 percent of the car's price will have to be deposited in the bank as down payment. In this way, 1.79 lakh will be deposited. If you take this loan for four years and the bank charges 9 percent interest on this car loan, then to buy this car you will have to deposit about 40 thousand rupees every month as EMI. Along with this, if you take a loan for five years to buy a car, then an installment of 33,500 will have to be paid every month at an interest rate of 9 percent.
If this loan is for 6 years, then on taking a loan for six years to buy Tata Harrier, an EMI of 29 thousand rupees will have to be deposited every month at an interest rate of 9 percent. To buy a Tata car, on taking a loan from the bank for seven years, about Rs 25,900 will have to be deposited as an installment.
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