Tata Tigor Finance Plan Explained: Down Payment, EMI and Total Cost Details

One of India's leading automakers, Tata Motors, sells vehicles in several segments. The Tata Tigor is offered by the manufacturer in the compact sedan segment. If you're considering buying the base variant of this sedan and want to bring home the car after making a down payment of ₹100,000, how much EMI will you have to pay each month? We're providing you with information about this in this article.

Tata Tigor is available in the compact sedan segment at an ex-showroom price of ₹5.55 lakh. If you purchase this car in Delhi, you should be prepared to pay approximately ₹22,000 in taxes (RTO) and ₹33,000 for insurance. This brings the Tata Tigor's on-road price to approximately ₹6.10 lakh.

If you purchase the base variant of this car, the bank will finance the ex-showroom price. Thus, after making a down payment of ₹1 lakh, you will have to finance approximately ₹5.10 lakh from the bank. If you are given ₹5.10 lakh for seven years at a nine percent interest rate, you will have to pay an EMI of ₹8,211 per month for the next seven years.