Tata Nexon EV EMI Calculator

Tata Nexon EV EMI starts at Rs 29,631 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 14.01 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 VariantsLoan @ rate%Down paymentEMI Amount(60 months)
Tata Nexon EV Max XZ Plus9.8Rs.1.87 LakhRs.35,499
Tata Nexon EV Max XZ Plus Fast Charger9.8Rs.1.92 LakhRs.36,499
Tata Nexon EV Max XZ Plus Lux9.8Rs.1.97 LakhRs.37,500
Tata Nexon EV Max XZ Plus Lux Fast Charger9.8Rs.2.02 LakhRs.38,500
Tata Nexon EV XZ Plus Dark Edition9.8Rs.1.73 LakhRs.33,031
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Calculate your Loan EMI for Nexon EV

Down PaymentRs.0
0Rs.0
Bank Interest Rate 8 %
8%22%
Loan Period ( Years )
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You''ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price
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Tata Nexon EV User Reviews

4.2/5
Based on93 User reviews
  • All (93)
  • Looks (15)
  • Mileage (14)
  • Performance (14)
  • Price (13)
  • Safety (11)
  • Comfort (10)
  • Service (9)
  • More ...
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  • Value For Money

    Love this vehicle. Features are too good. Even at this price, no one gives this kind of fabulous car. I will suggest to you, it is a value for money. Go for it.

    By p malik
    On: May 04, 2022 | 105 Views
  • The Best Ev

    It is one of the best EVs, gives a luxury feel and the interior of the vehicle is pretty great. Specifications like the ground clearance and sound system are good.

    By rakshit jain
    On: May 04, 2022 | 78 Views
  • Good Car

    Tata has truly come up with the best in class electric cars which is a great combination of price, ride quality and battery efficiency.

    By anurag
    On: May 03, 2022 | 64 Views
  • Overall Good Car

    Overall good car and the style of the car is attractive. It has great security features, it comes with airbags and the interior is awesome.

    By kuldeep sharma
    On: Apr 30, 2022 | 68 Views
  • Good Performance

    My friend has bought this car and when I try to drive it. Such a cool car. Believe me or not this is the revolution in the Indian Electric car segment, both in terms of c...Read More

    By jayesh patil
    On: Apr 27, 2022 | 6333 Views
  • 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. 14.01 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 29,631. 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.

Running cost of your car

KM driven per day20 km/day
Monthly fuel costRs.0* / month

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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.
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