By NSB Desk
If you are planning to buy a better and safer SUV for your family, the Tata Nexon can be a great option. The good news is that you don’t have to pay the full amount upfront. You can purchase this SUV through a car loan and pay a fixed EMI every month. Here are the complete details about its base variant price, down payment, and loan calculation.
How Much Down Payment Is Required?
The Smart Petrol base variant of the Tata Nexon is priced at ₹7.31 lakh (ex-showroom). After adding RTO and insurance charges, the on-road price comes to around ₹8.24 lakh.
If you make a down payment of ₹1 lakh, you will need a car loan of approximately ₹7.29 lakh.
At an interest rate of 9.8% per annum for a tenure of 4 years (48 months), your monthly EMI would be around ₹18,429.
Keep in mind that the final interest rate depends on your credit score and the bank’s policies. A higher down payment will reduce your loan amount and overall interest burden.
Available with Three Powertrain Options
The Tata Nexon is not a hybrid SUV, but it is available with petrol, diesel, and CNG powertrain options.
It comes with a 1.2-litre turbocharged Revotron petrol engine that produces 88.2 PS of power at 5,500 rpm and 170 Nm of torque between 1,750 and 4,000 rpm.
In terms of fuel efficiency, the Nexon delivers a claimed mileage of 17 to 24 kmpl, depending on the variant and fuel type.
Key Rivals in the Segment
In the Indian market, the Tata Nexon competes with:
Maruti Suzuki Brezza
Hyundai Venue
Kia Sonet
Mahindra XUV3XO
Overall, with affordable EMI options, multiple engine choices, and strong competition in the compact SUV segment, the Tata Nexon remains a popular choice for budget-conscious family buyers.