2 lakhs down payment and the key to Tata Nexon CNG Variant directly in your pocket, ‘that’s it’ EMI

• Tata Nexon CNG Variant has strong demand in the market
• What will be the EMI after a down payment of 2 lakhs?
• find out

Tata Motors cars have a different craze in the Indian auto market. The company has always offered powerful cars as per the demand of the customers. So far the company has provided the best cars in various segments.

Tata Nexon is offered in the compact SUV segment. If you are thinking of buying the CNG variant of this car then this article is for you. How much monthly EMI will you have to pay every month after making a down payment of 2 lakhs? Let us know about it.

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How much does Tata Nexon CNG cost?

The Tata Nexon is offered in petrol, diesel and CNG variants. The CNG variant of the Tata Nexon Smart is priced at Rs 8.23 ​​lakh (ex-showroom). If you buy this car in Delhi, you will have to pay approximately Rs 58 thousand for RTO charges and Rs 43 thousand for insurance. This brings the on-road price of the Tata Nexon to approximately Rs 9.24 lakh.

How much will the EMI be for the down payment of 2 lakhs?

If you buy the CNG variant of this car, the bank will give you the loan only on the ex-showroom price. In such a scenario, after making a down payment of Rs 2 lakh you will have to take a bank loan of around Rs 7.24 lakh. If the bank lends you Rs 7.24 lakh for 7 years at 9% interest, you will have to pay an EMI of approximately Rs 11,650 per month for the next seven years.

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How expensive will the car cost?

If you take a car loan of Rs 7.24 lakh for 7 years at 9% interest rate, you will have to pay an EMI of Rs 11,650 per month for seven years. Thus in seven years you will pay around Rs 2.54 lakh as interest. So the total cost of your car after ex-showroom price, on-road costs and interest will be around Rs 11.78 lakh.

There is competition with this car

The Tata Nexon is offered as a Sub Four Meter Compact SUV. This car directly competes with Skoda Kylaq, Kia Syros, Kia Sonet, Maruti Breeza, Hyundai Venue in this segment.