Tata Punch Facelift will be yours in few minutes! EMI will be only ‘that much’ after Rs 1 lakh down payment?

• Facelift version of Tata Punch launched in India
• What will be the EMI for its CNG variant after a down payment of 1 lakh?
• Know the full calculation

There are many auto companies in India, which change their cars with the changing times and launch updated models. This allows customers to experience their favorite car in a new way. Recently Tata Motors launched their popular Tata Punch The facelifted version of the has been launched in India. If you are planning to buy the CNG version of this SUV then this news is for you. Let’s find out, how much EMI will you have to pay per month for this SUV after a down payment of Rs 1 lakh?

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How much does Tata Punch cost?

Recently Tata Motors has launched a punch facelift. This SUV is also available with CNG. The CNG variant of the SUV is offered as Smart CNG. The base variant of this SUV is available at an ex-showroom price of Rs 6.70 lakh. If you buy this car you will have to pay around Rs 47000 as registration tax and around Rs 37000 for insurance. After that, the on-road price of this car will be Rs 7.54 lakh.

What will be the EMI after a down payment of 1 lakh?

If you are buying the CNG variant of the Tata Punch, the bank will give the loan only on the ex-showroom price of the car. In such a case, after making a down payment of Rs 1 lakh, you will have to take an amount of around Rs 6.54 lakh as a loan from the bank. If a bank approves a loan of Rs 6.54 lakh for a period of 7 years at an interest rate of 9 percent, you will have to pay an EMI of only Rs 10,526 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 6.54 lakh for seven years at 9 percent interest rate, you will have to pay an EMI of Rs 10,526 per month for seven years. The base variant of the Tata Punch facelift will cost you around Rs 2.30 lakh in interest only during this period. So after including the ex-showroom price, on-road costs and interest, the total cost of this car will come to around Rs 9.84 lakh.