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Tata Nexon EV EMI Calculator

Tata Nexon EV EMI starts at Rs 28,808 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 13.61 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 XZ Plus9.8Rs.1.65 LakhRs.31,595
Tata Nexon EV XZ Plus LUX9.8Rs.1.76 LakhRs.33,570
Tata Nexon EV XM9.8Rs.1.51 LakhRs.28,808

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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

4.4/5
Based on61 User reviews
  • All (61)
  • Looks (10)
  • Price (9)
  • Mileage (8)
  • Performance (8)
  • Comfort (6)
  • Safety (6)
  • AC (5)
  • More ...
  • LATEST
  • HELPFUL
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  • Must Buy This Car

    Amazing pickup, great performance, and also mileage and rang appropriately 240 km which is great.

    By aakshansh bhatt
    On: Apr 23, 2021 | 43 Views
  • Very Good Car With Good Driving

    This is a very good car. Its driving is very amazing. No noise and no pollution. The charging speed is very good.

    By rushikesh dhoke
    On: Apr 04, 2021 | 65 Views
  • The Leader From India Grown

    The leader from India grown to be the most globalised product. Very Happy with performance If only the dealership and service centre lives up to the car quality.

    By ratnadeep banerjee
    On: Mar 13, 2021 | 66 Views
  • Fantastic Car

    It is a fantastic car. Mileage 280+km in lightfoot driving. Features and looks are also great.

    By sabarinath
    On: Mar 16, 2021 | 84 Views
  • Mileage Not Mentioned

    I am very much interested in this car but the cost is the only issue. If it decreases to around 10 lakh it will be affordable.

    By raviprasad
    On: Mar 09, 2021 | 75 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. 13.61 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 28,808. 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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