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Tata Nexon EV EMI Calculator

Tata Nexon EV EMI starts at Rs 29,777 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 14.07 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 XM9.800000190734863Rs.1.56 LakhRs.29,777
Tata Nexon EV XZ Plus9.800000190734863Rs.1.67 LakhRs.31,876
Tata Nexon EV XZ Plus LUX9.800000190734863Rs.1.78 LakhRs.33,996

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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

4.6/5
Based on34 User reviews
  • All (34)
  • Price (7)
  • Looks (6)
  • Performance (5)
  • Safety (4)
  • Comfort (3)
  • Power (3)
  • AC (2)
  • More ...
  • LATEST
  • HELPFUL
  • CRITICAL
  • Nice Car With Some Problems

    It is a wonderful car to drive. However, I faced some problems which could have been quite dangerous for me and others in the car. The car suddenly switched to neutral wh...Read More

    By deepak
    On: Jul 19, 2020 | 7805 Views
  • Vehicle Of Future.

    The electric vehicles are pollution-free and noiseless. The efficiency and performance of these are good.

    By jai singh arya
    On: Jul 11, 2020 | 63 Views
  • for XZ Plus LUX

    Amazing Car

    Tata Nexon EV is an innovative car, 5 stars crash rating safest, connected, 3 variants, the perfect car for sustainable mobility, good range, low maintenance, globally fi...Read More

    By kailash tiwari
    On: Mar 28, 2020 | 4573 Views
  • 1st Indian Electric Car With Good Mileage

    Tata Nexon EV is a nice car. It cost cutter but the charging stations are limited so they can use only on a city daily basis, can't use and take to another city.

    By raja
    On: Mar 23, 2020 | 78 Views
  • Tareekh Pe Taarikh.

    I have booked Tata Nexon EV on 24th Dec 2019. I have done an online booking. After the Car Launch, Tata assigned a relationship manager to answer any queries. RM promised...Read More

    By sachin thakre
    On: Jun 20, 2020 | 1866 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. 14.07 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 29,777. 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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