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Tata Tiago CNG EMI Plan: Bring It Home with ₹2 Lakh Down Payment
Tata offers the Tata Tiago. If you're planning to buy the CNG variant of this car, how much EMI will you pay each month after making a down payment of just ₹2 lakh? Let's find out.
Tata Motors is an Indian automobile manufacturer whose vehicles are classified into different categories. It also makes the Tata Tiago available as a hatchback. Suppose you are considering purchasing the CNG variant of this vehicle, what will be the monthly EMI payable after paying ₹2 lakh as a down payment?
A base model of this vehicle costs ₹5.54 lakh on an ex-showroom basis. In Delhi, the on-road cost is approximately ₹6.09 lakh, comprising ₹5.54 lakh (ex-showroom) + around ₹22,000 for RTO + around ₹33,000 for insurance.
In case of purchasing the base model of this vehicle, the financing will be done by the bank on the ex-showroom price. So, after making a down payment of ₹2 lakh, you will have to finance an amount of approximately ₹4.09 lakh from the bank. If you are given ₹4.09 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of only ₹6,585 per month for the next seven years.
