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Tata Nexon: Finance with Just One Lakh Rupees Down Payment and Monthly Installments

Tata Nexon
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Tata Nexon: Finance with Just One Lakh Rupees Down Payment and Monthly Installments

Tata Nexon SUV Easy Finance Options:

Tata Nexon is one of the best-selling SUVs in India. Known for its powerful look and impressive features, this compact SUV is available in two affordable variants: Nexon Smart and Smart Plus Petrol Manual. Today, we will guide you through the easy finance options for these variants.

With the rising trend of car financing, buying a new SUV on loan has become quite straightforward. If you are considering purchasing a new SUV, Tata Motors’ popular compact SUV, the Nexon, is a great option. You can finance the Smart and Smart Plus Manual Petrol variants with just a one lakh rupee down payment and bring it home. We’ll provide all the details on the loan amount, interest rates, and monthly EMIs.

Price and Features

The ex-showroom prices for the Tata Nexon Smart and Smart Plus Petrol Manual variants are ₹8.15 lakh and ₹9.20 lakh, respectively. Both variants feature a 1199 cc petrol engine that generates 118.27 BHP of power. They offer a mileage of 17.44 kmpl. This 5-seater SUV includes a multifunctional steering wheel, touchscreen infotainment system, and several other standard and safety features that are appropriate for their price range. Now, let’s look at the finance details for these variants.

Tata Nexon Smart Petrol Manual Variant Loan Details

The on-road price of the Tata Nexon Smart Petrol Manual variant is ₹9.15 lakh. If you finance this SUV with a one lakh rupee down payment, you will need a loan of ₹8.15 lakh. Assuming a 5-year loan tenure with an interest rate of 9%, your monthly EMI would be approximately ₹17,000. Financing this variant under these terms will result in a total interest cost of ₹2 lakh.

Tata Nexon Smart Plus Petrol Manual Variant Loan Details

The on-road price of the Tata Nexon Smart Plus Petrol Manual variant is ₹10.31 lakh. With a one lakh rupee down payment, you will need a loan of ₹9.31 lakh. For a 5-year loan with a 9% interest rate, your monthly EMI would be around ₹19,326. Financing this variant under these conditions will incur a total interest cost of approximately ₹2.29 lakh.

Disclaimer

Before financing any of these Tata Nexon variants, visit your nearest Tata Motors dealership to check all details, including loan and EMI information.

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