There are many auto companies in the Indian automobile market, which offer the best and best performing cars as per customer demand. One such reliable company is Tata Motors. This company has been offering the best cars for many years. Now the company is focusing its focus on the electric segment.
The company has introduced many best cars in the country. Tata Panch is one of them. Last year i.e. in 2024, Tata Panch became the company’s best -selling SUV. The Tata car has also received 5 star security ratings in the crash test from Global NCAP. The ex-showroom price of Tata punch starts from Rs 6 lakh to Rs 10.32 lakh. This car is available in a total of 31 variants in the Indian market. Apart from this, this car comes with five color options.
If you buy Tata Panch on a loan…
The on-road price of the cheapest model of Tata Panch Pure MT is Rs 6,88,250. You can get a loan of Rs 6.20 lakh to buy this car. To buy a Tata car on the loan, you have to pay a certain amount as a downpayment. If you deposit more amount as a downpayment, your EMI will be reduced accordingly. If the bank is taking 9% interest on the loan taken for this Tata car, then according to this interest rate, a fixed amount will have to be deposited in the bank every month as EMI.
If you want to take Tata Panch loan and give EMI of only Rs 10,000 per month, then you have to take a loan for seven years.
If you can deposit more amount in EMI, you can also take a loan for a short period. If you take a loan for 6 years, then you will have to pay an EMI of Rs 11,200 every month at an interest rate of 9 percent.
If you take a loan for five years to buy this Tata car and the bank takes 9 percent interest on this loan, then every month the bank will deposit an EMI of Rs 12,900.
If a loan is taken for four years to buy a punch, then the EMI Bank of Rs 15,500 will have to be deposited every month at the interest rate of 9 percent.
It is necessary to read all the documents carefully before taking a loan from any bank to buy Tata Panch. The above figures may vary depending on the different policies of banks.
The post, how many years should I take a loan for Tata Panch so that I have to give EMI of only Rs 10,000 every month? First appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
