Want to bring home the new Tata Tigor? What will be the EMI on 1 lakh down payment? Please understand the entire transaction before purchasing

• The on-road price of the base variant of the Tata Tigor in Delhi is around Rs 6.10 lakh.
• After a down payment of Rs 1 lakh, a loan of around Rs 5.10 lakh will be taken and the EMI for 7 years will be around Rs 8,211.
• Tata Tigor competes with sedan cars like Maruti Dzire, Honda Amaze and Hyundai Aura.

One of the leading automobile manufacturers in India Tata Motors sells vehicles in different segments. The automaker markets the Tata Tigor in the compact sedan car segment. If you are looking to buy the base variant of the sedan car and are ready to make a down payment of Rs 1 lakh, then this news is for you. After making a down payment of Rs 1 lakh to bring home the base variant of a sedan car, you will have to pay the EMI and now let’s know how the whole transaction works.

Maruti is ready for a big bang! The soon-to-be-launched new car with smart features and a hybrid engine has sparked consumer interest

Tata Tigor Price

Tata introduces the Tigor in the compact sedan car segment. The ex-showroom price of this car is Rs 5.55 lakh. If you buy this car in Delhi, you will have to spend around 22 thousand rupees for RTO and around 33 thousand rupees for insurance. After that the on road price of Tata Tigor was around Rs 6.10 lakh. (Photo Courtesy – Tata)

What will be the EMI after one lakh down payment?

If you are planning to buy the base variant of this car, the bank will give you a loan on the ex-showroom price of this car. After making a down payment of one lakh rupees, a loan of around 5.10 lakh rupees will have to be taken. If the bank gives you Rs 5.10 lakh for seven years with 9% interest, you will have to pay an EMI of Rs 8211 every month.

How much will the car cost?

If you take a car loan of Rs 5.10 lakh from a bank for seven years with an interest rate of 9 percent, you will have to pay an EMI of Rs 8211 for 7 years. So, in seven years, you will have to pay approximately Rs 1.79 lakh in interest for the base variant of the Tata Tigor. After this, the total cost of your car including ex-showroom, on-road and interest will be approximately Rs 7.89 lakh.

Auto Tips: Buying an Automatic Car for the first time? These 4 mistakes while driving can be fatal for the gearbox

Who is competing with?

Tata Tigor is presented as a compact sedan. The Tigor competes directly with sedans like the new generation Maruti Dzire, Honda Amaze and Hyundai Aura.