Tata Zest Car Loan EMI Calculator

₹ 11,557.
Here is how - Tata Zest price starts from ₹ 6,96,854 in Mangalore. If you pay a down payment of ₹ 1,26,891 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 11,557.

The cheapest Zest model is XE Petrol which is priced at ₹ 6,96,854 in Mangalore. You will need to pay at least a ₹ 1,26,891 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for Zest.

Version	On-road price in Mangalore	Max Loan
XT Petrol	₹ 8,80,488	₹ 7,24,126
XT Diesel	₹ 10,32,606	₹ 8,49,312
XE 75 PS Diesel	₹ 8,65,648	₹ 7,11,667
XE Petrol	₹ 6,96,854	₹ 5,69,963
XM Petrol	₹ 7,86,571	₹ 6,45,281
XMS Petrol	₹ 8,09,739	₹ 6,64,731
XM Diesel	₹ 8,33,875	₹ 6,94,221
XMA Diesel	₹ 10,09,924	₹ 8,30,270
XMS Diesel	₹ 8,66,866	₹ 7,21,941
XTA Diesel	₹ 11,98,999	₹ 9,89,000
XMS 75 PS Diesel	₹ 9,55,603	₹ 7,87,185
XM 75 PS Diesel	₹ 9,24,309	₹ 7,60,914
Premio	₹ 9,49,527	₹ 7,82,084

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for Zest XE Petrol will be ₹ 10,861 but you will have to pay interest of ₹ 3,42,361 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 21,837, but your interest payment will be only ₹ 2,16,169 over the 3 years period.

₹ 11,557
Tata Zest price starts from ₹ 6,96,854 in Mangalore.

We have considered
Down-payement : ₹ 1,26,891
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Zest with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,33,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Zest starts from ₹ 6.97 Lakh, you can get a loan with an annual income as low as ₹ 2.33 lakh.

Here are the most important things you should consider while getting a car loan for a new Zest

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.