Tata Nexon EV EMI Calculator
Tata Nexon EV EMI starts at Rs 27,896 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 13.19 Lakh. The EMI Calculator tool on CarDekho gives a detailed break-up of the total payable amount and helps you in finding best car finance for your Nexon EV.
Tata Nexon EV Down Payment and EMI
Tata Nexon EV Variants | Loan @ rate% | Down payment | EMI Amount(60 months) |
---|---|---|---|
Tata Nexon EV XM | 9.8 | Rs.1.46 Lakh | Rs.27,896 |
Tata Nexon EV XZ Plus | 9.8 | Rs.1.59 Lakh | Rs.30,399 |
Tata Nexon EV XZ Plus LUX | 9.8 | Rs.1.70 Lakh | Rs.32,393 |
Calculate your Loan EMI for Nexon EV
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Tata Nexon EV User Reviews
- All (50)
- Price (9)
- Looks (8)
- Comfort (6)
- Safety (6)
- AC (5)
- Mileage (5)
- Performance (5)
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Nexon EV Range Distance And Charge Station
Charging stations are less available and running range also not sufficient. These are two main drawbacks of Tata Nexon EV.
TATA NEXON EV
Tata Nexon EV is one of the best affordable long-range electric vehicle available in India. In sports mode, it has 60% more torque that's a good property of this vehicle....Read More
Best SUV Car.
Hindustan ki full safety car, best mileage, full comfortable SUV is smooth for long root drive, music system is best.
TATA Should Also Provide Stabilizer
TATA should also provide a stabilizer with a home charging unit as voltage fluctuation frequently stops car charging. It took us some time to understand the cause of the ...Read More
Not A Value For Money.
I am highly disappointed by this car due to the range and behavior of the dealer. I am driving this car daily for the last four months and very much upset by the real-wor...Read More
- View All Nexon EV Reviews
Frequently Asked Questions On Nexon Ev Emi
What will be the lowest down payment for Tata Nexon EV?
The lenders generally finance 90% of the On-Road Price of the Tata Nexon EV. Some customers might be eligible for 100% funding, too. Down payment is the difference between the On-Road Price of the Tata Nexon EV and the amount funded by the lender.
What will be the monthly EMI for the Tata Nexon EV?
EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for the Tata Nexon EV can be calculated using the following formula:
{P x R x (1+R)^N / [(1+R)^N-1]}
where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.
For Example:- If the principal amount for a car loan is Rs. 13.19 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 27,896. The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 9.8% per annum, then R= 9.8/12 = 0.81%/month .
What will be the interest rate for the Tata Nexon EV?
Interest rate for the Tata Nexon EV primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 8.75% per annum to 11.50% per annum. If a customer holds an account with the financier then he may have a pre-approved new car loan offer available for him which can be verified by logging into his account. Customers can also negotiate with the financier for a better rate of interest against their loan amount.
What will be the EMI for 5 years tenure for the Tata Nexon EV?
EMI for the Tata Nexon EV for 5 years tenure can be calculated as per the following formula:-
{P x R x (1+R)^N / [(1+R)^N-1]}
Where, P = Principal amount of the loan, R = Rate of interest, N = Number of monthly installments which will be per month in case of 5 years tenure.
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Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not include any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.