Tata Punch EV Car Loan EMI Calculator

₹ 22,284.
Here is how - Tata Punch EV price starts from ₹ 11,65,536 in Mumbai. If you pay a down payment of ₹ 66,536 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 22,284.

The cheapest Punch EV model is Smart 3.3 which is priced at ₹ 11,65,536 in Mumbai. You will need to pay at least a ₹ 66,536 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Punch EV.

Version	On-road price in Mumbai	Max Loan
Empowered Plus S long Range 7.2 Fast Charger	₹ 16,51,161	₹ 15,49,000
Empowered Plus S long Range 3.3	₹ 15,98,894	₹ 14,99,000
Empowered Plus Long Range 7.2 Fast Charger	₹ 15,98,894	₹ 14,99,000
Empowered Plus Long Range 3.3	₹ 15,46,628	₹ 14,49,000
Empowered S Long Range 7.2 Fast Charger	₹ 15,98,894	₹ 14,99,000
Empowered S Long Range 3.3	₹ 15,46,628	₹ 14,49,000
Empowered Long Range 7.2 Fast Charger	₹ 15,46,628	₹ 14,49,000
Empowered Long Range 3.3	₹ 14,94,360	₹ 13,99,000
Adventure S Long Range 7.2 Fast Charger	₹ 14,94,360	₹ 13,99,000
Adventure S Long Range 3.3	₹ 14,42,094	₹ 13,49,000
Adventure Long Range 7.2 Fast Charger	₹ 14,42,094	₹ 13,49,000
Adventure Long Range 3.3	₹ 13,89,827	₹ 12,99,000
Empowered Plus S 3.3	₹ 14,58,149	₹ 13,79,000
Empowered Plus 3.3	₹ 14,05,895	₹ 13,29,000
Empowered S 3.3	₹ 14,05,895	₹ 13,29,000
Empowered 3.3	₹ 13,53,644	₹ 12,79,000
Adventure S 3.3	₹ 13,22,291	₹ 12,49,000
Adventure 3.3	₹ 12,70,040	₹ 11,99,000
Smart Plus 3.3	₹ 12,17,787	₹ 11,49,000
Smart 3.3	₹ 11,65,536	₹ 10,99,000

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Punch EV Smart 3.3 will be ₹ 18,166 but you will have to pay interest of ₹ 4,26,944 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 36,524, but your interest payment will be only ₹ 2,15,864 over the 3 years period.

₹ 22,284
Tata Punch EV price starts from ₹ 11,65,536 in Mumbai.

We have considered
Down-payement : ₹ 66,536
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Punch EV with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,89,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Punch EV starts from ₹ 11.66 Lakh, you can get a loan with an annual income as low as ₹ 3.89 lakh.

Here are the most important things you should consider while getting a car loan for a new Punch EV

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.