Tata Tiago: With a down payment of Rs 2 lakh, the EMI per month will be only this muchIf you are planning to buy Tata Tiago on EMI, then you can make this car yours with a down payment of only Rs 2 lakh. Let us know how much you will have to pay as EMI every month if you buy Tata Tiago with a down payment of Rs 2 lakh.
Tata Motors is one of the largest car manufacturers in India. This company offers many types of cars in different segments. Tata Tiago is offered by Tata Motors in the hatchback car. If you are planning to buy Tata Tiago on EMI, then you can make this car yours with a down payment of only Rs 2 lakh. Let us know how much you will have to pay as EMI every month on buying Tata Tiago with a down payment of 2 lakhs.
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Tata Tiago Price
Tata Tiago is offered by Tata Motors in many variants. If you want to buy the base variant of the car, then the ex-showroom price of the base variant of Tata Tiago is Rs 5 lakh. If you are buying it in Delhi, then you will have to pay Rs 43,000 for RTO and about Rs 32,000 for insurance. In this case, you will have to pay Tata Tiago for a total of Rs 5.75 lakh.
Monthly EMI of Tata Tiago
After making a down payment of Rs 2 lakh, you will have to take a loan of Rs 3.75 lakh from the bank. If you get this loan at an interest rate of 9 percent for another 5 years, then you will have to pay Rs 7784 every month as EMI.
How expensive will the car be
If you pay Rs 7784 every month as EMI for the entire 5 years, you will pay a total of Rs 4.67 lakh to the bank. In this, only Rs 92,000 will be for interest. In this case, if you take Tata Tiago on EMI, it will cost you Rs 90,000 more.
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