- Thinking of buying Tata Altroz CNG?
- How much EMI will be after 1 lakh down payment
- Introducing the Tata Altroz in the hatchback segment
Tata Motors, one of the leading automobile manufacturers in India, offers vehicles in various segments. This company in the premium hatchback segment Tata Altroz presents. If you want to buy the CNG variant of this car, how much EMI will you have to pay every month for seven years after a down payment of ₹100,000? Know the detailed news…
Tata Altroz Price
Tata Motors introduces the Tata Altroz in the premium hatchback segment. The CNG variant is priced ex-showroom at ₹7.30 lakh. If bought in Delhi, you will have to pay ₹51,000 registration fee and ₹39,000 insurance, bringing the on-road price to ₹8.20 lakh.
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How much EMI after down payment of ₹100,000?
If you buy the CNG variant of Tata Altroz, the bank will give the loan on the ex-showroom price. In such a scenario, after making a down payment of ₹1 lakh, you will have to borrow approximately ₹7.20 lakh from the bank. If a bank gives you a loan of ₹7.20 lakh at 9% interest for seven years, you will have to pay an EMI of just ₹11,596 per month for the next seven years.
How expensive will the car be?
If you take a car loan of ₹7.20 lakh from a bank at 9% interest for seven years, you will have to pay an EMI of ₹11,596 per month for seven years. Thus, over seven years, you will have to pay approximately ₹2.53 lakh as interest for the base CNG variant of the Tata Altroz. After this, the total cost of your car including ex-showroom, on-road and interest will be approximately ₹10.74 lakh.
Altroz is also introduced by Tata Motors in the premium hatchback segment. In this segment, it directly competes with cars like Maruti Suzuki Baleno, Toyota Glanza and Hyundai i20. In terms of price, it also faces competition from some compact SUVs. Also Tata Altroz CNG 1 lakh for down payment you get approx ₹17-18 thousand EMI may have to be paid. A 5 year plan is the most balanced option keeping in mind the budget and usage.
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