Every person’s dream is to have your own car. Many people work hard to make this dream come true. However, not everyone can pay the entire amount when buying a car. In this case, many people take the option of car loan. However, many people also have to question which company to buy a car.
There are many good auto companies in India, one of which is the leading car manufacturer, Tata Motors. The company has offered good performance cars at the convenience of customers. Tata punch is one of those cars.
Tata Punch is one of the most sales SUVs in the Indian market. There are a total of 31 variants of this car in the market, which starts at Rs 6.20 lakh and goes up to Rs 10.32 lakh. The most sold model of this Tata car is Adventure RHYTHM (petrol). The on-road price of this punch variant is Rs 8.52 lakh.
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Down payment for Tata Punch
You will have to take a loan of Rs 7.67 lakh to buy the most sales models of Tata Punch. The amount of a car loan depends on your credit score. If the credit score is good, you can get a maximum amount of money. The bank charges interest on the loan taken to buy the punch. At this interest, you have to deposit a certain amount of money every month as EMI.
How much downs you will get on this car?
To buy Tata Punch, you have to deposit Rs 85,000 as a down payment. If you take a loan for four years to buy this Tata car and charge 9 per cent interest on the bank, you will have to deposit about Rs 19,000 per month.
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If you take a loan for 5 years to buy Tata Punch, you will have to deposit Rs 16,000 per month at the bank at the bank interest rate of 9 percent.
If you take a loan for 6 years to buy this 5 seater car, you will have to deposit Rs 13,800 in the bank with interest rate of 9 percent. If you take a loan for 7 years to buy Tata Punch, you will have to deposit Rs 12,400 per month at the bank.
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