The Tata Punch Facelift has been launched by Tata Motors in the Compact SUV category. Assuming that you are interested in purchasing the lowest variant, what would be your EMI cost after putting down a margin of ₹2 lakhs as a down payment? Read below for the answer.

Tata Punch Facelift comes in two variants – Base and Mid. While the Base Variant comes in the name of Smart, it costs you ₹5.65 Lakhs. The total cost for Tata Punch Facelift in the category of Compact SUV would be ₹6.21 Lakhs if purchased in Delhi.

If you purchase the base variant of the Tata Punch, the bank will finance the ex-showroom price. Therefore, after making a down payment of ₹2 lakh, you will need to finance approximately ₹4.21 lakh from the bank. If the bank gives you ₹4.21 lakh for seven years at 9% interest, you will have to pay an EMI of just ₹6,776 per month for the next seven years.

If you take a car loan of Rs 4.21 lakh from the bank for seven years with an interest rate of nine percent, then you will have to pay an EMI of Rs 6776 every month for seven years. In this case, in seven years, you will pay around Rs 1.48 lakh as interest for the base variant of Tata Punch Facelift. After which the total price of your car including ex-showroom, on-road and interest will be around Rs 6.69 lakh.

The Punch is brought by the manufacturer in the compact SUV segment. In this segment, it competes directly with SUVs like Nissan Magnite, Renault Kiger, Hyundai Exter.