Tata Motors sells vehicles across various segments in India, including the Tata Nexon in the sub-four-meter SUV category. If you're planning to buy the base model and make a down payment of Rs 2 lakh, what would your monthly EMI be? This article provides this information.

The Tata Nexon's base variant, the Tata Nexon Smart, is priced at Rs 7.32 lakh ex-showroom. In Delhi, you'll need to pay approximately ₹51,000 for RTO and around ₹40,000 for insurance, totaling an on-road price of about ₹8.23 lakh.

If you buy this base variant, the bank will finance the ex-showroom cost. After paying a ₹2 lakh down payment, you will need a loan of roughly ₹6.23 lakh. Over seven years at 9% interest, this loan would require monthly EMIs of approximately ₹9,124.

Taking a loan of ₹7 lakh for 6.23 years at 9% interest results in monthly payments of about ₹9,124. Over seven years, you would pay roughly ₹2.53 lakh in interest, making the total cost of the car around ₹ 10.75 lakh, including ex-showroom price, on-road costs, and interest.

The Tata Nexon is a compact SUV under four meters, competing with vehicles like the Skoda Kushaq, Kia Sonet, Kia Seltos, Maruti Brezza, and Hyundai Venue.