Buying Tata Altroz With Loan? Here’s Total Interest You’ll Pay in 7 Years

Tata Motors is an Indian automaker that offers cars in various segments. The company offers the Tata Altroz in the premium hatchback segment. If you are interested in the base variant, how much will your EMI be every month for seven years after paying a down payment of ₹100,000?

Tata Motors offers the Tata Altroz in the premium hatchback segment. The petrol variant of the car has an ex-showroom price of ₹6.30 lakh. If you purchase the car in Delhi, you will have to pay a registration fee of around ₹51,000 and an insurance fee of ₹32,000. Thus, the on-road price of the car will be around ₹7.13 lakh.

If you purchase the base variant of the Tata Altroz, the bank will give you a loan for the ex-showroom price of the car. So, after making a down payment of ₹1 lakh, you'll need to finance around ₹6.13 lakh from the bank. If the bank gives you ₹6.13 lakh for seven years at 9% interest, you'll have to pay a monthly EMI of just ₹9,872 for the next seven years.