Tata Altroz Car Loan EMI Calculator

₹ 13,178.
Here is how - Tata Altroz price starts from ₹ 7,67,859 in Mumbai. If you pay a down payment of ₹ 1,17,959 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,178.

The cheapest Altroz model is XE Petrol which is priced at ₹ 7,67,859 in Mumbai. You will need to pay at least a ₹ 1,17,959 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 Altroz.

Version	On-road price in Mumbai	Max Loan
XE iCNG	₹ 8,46,622	₹ 7,44,900
Racer R1	₹ 11,14,586	₹ 9,49,000
XE Petrol	₹ 7,67,859	₹ 6,49,900
XM Plus Petrol	₹ 8,71,269	₹ 7,39,900
XT Petrol	₹ 9,40,209	₹ 7,99,900
XZ Petrol	₹ 10,00,720	₹ 8,49,900
XMA Plus Petrol	₹ 9,89,229	₹ 8,39,900
XTA Petrol	₹ 10,58,170	₹ 8,99,900
XZ i-Turbo Petrol	₹ 10,79,054	₹ 9,19,900
XT Diesel	₹ 11,11,610	₹ 9,29,900
XZA Petrol	₹ 11,27,110	₹ 9,59,900
XZ Diesel	₹ 11,70,080	₹ 9,79,900
XM Plus Diesel	₹ 10,41,446	₹ 8,69,900
XM Plus iCNG	₹ 9,38,338	₹ 8,24,900
XM Plus (S) iCNG	₹ 9,77,126	₹ 8,59,900
XZ iCNG	₹ 10,76,864	₹ 9,49,900
XZ Plus (S) iCNG	₹ 11,32,373	₹ 9,99,990
XZ Plus (O) (S) iCNG	₹ 12,42,744	₹ 10,79,900
XM Plus (S)	₹ 9,11,484	₹ 7,74,900
XMA Plus (S)	₹ 10,29,445	₹ 8,74,900
XZ Plus (S)	₹ 10,58,273	₹ 8,99,990
XZ Plus (S) Dark Edition	₹ 11,04,233	₹ 9,39,990
XZ Plus (O) (S)	₹ 11,50,090	₹ 9,79,900
XZA Plus (S)	₹ 11,73,173	₹ 9,99,990
XZA Plus (S) Dark Edition	₹ 12,28,448	₹ 10,29,990
XZA Plus (O) (S)	₹ 12,86,804	₹ 10,79,900
XZ Plus i-Turbo (S)	₹ 11,36,720	₹ 9,69,990
XZ Plus i-Turbo (S) Dark Edition	₹ 12,03,377	₹ 10,09,990
XM Plus (S) Diesel	₹ 10,82,375	₹ 9,04,900
XZ Plus (S) Diesel	₹ 12,49,460	₹ 10,29,990
XZ Plus (S) Dark Edition Diesel	₹ 12,97,044	₹ 10,69,990
XM Petrol	₹ 7,96,584	₹ 6,74,900
XM (S) Petrol	₹ 8,25,309	₹ 6,99,900
Racer R2	₹ 12,50,676	₹ 10,49,000
Racer R3	₹ 13,09,136	₹ 10,99,000
XZ LUX	₹ 10,46,680	₹ 8,89,900
XZ Plus (S) LUX	₹ 11,21,468	₹ 9,54,990
XZ Plus (S) Lux Dark Edition Petrol	₹ 11,50,193	₹ 9,79,990
XZA Lux Petrol	₹ 11,73,070	₹ 9,99,900
XZA Plus (S) Lux Petrol	₹ 12,57,678	₹ 10,54,990
XZA Plus (S) Lux Dark Edition Petrol	₹ 12,82,232	₹ 10,75,990
XZ Lux CNG	₹ 11,21,192	₹ 9,89,900
XZ Plus (S) Lux CNG	₹ 12,14,634	₹ 10,54,990
XZ LUX Diesel	₹ 12,37,458	₹ 10,19,900
XZ Plus (S) LUX Diesel	₹ 13,14,888	₹ 10,84,990

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 Altroz XE Petrol will be ₹ 11,968 but you will have to pay interest of ₹ 3,55,412 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 ₹ 24,062, but your interest payment will be only ₹ 2,16,332 over the 3 years period.

₹ 13,178
Tata Altroz price starts from ₹ 7,67,859 in Mumbai.

We have considered
Down-payement : ₹ 1,17,959
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,56,000

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 Altroz starts from ₹ 7.68 Lakh, you can get a loan with an annual income as low as ₹ 2.56 lakh.

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

• 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.