Tata Curvv EV Car Loan EMI Calculator

₹ 35,463.
Here is how - Tata Curvv EV price starts from ₹ 18,57,433 in Mumbai. If you pay a down payment of ₹ 1,08,433 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 35,463.

The cheapest Curvv EV model is Creative 45 which is priced at ₹ 18,57,433 in Mumbai. You will need to pay at least a ₹ 1,08,433 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 Curvv EV.

Version	On-road price in Mumbai	Max Loan
Creative 45	₹ 18,57,433	₹ 17,49,000
Accomplished 45	₹ 19,62,113	₹ 18,49,000
Accomplished Plus S 45	₹ 20,45,858	₹ 19,29,000
Accomplished 55	₹ 20,41,670	₹ 19,25,000
Accomplished Plus S 55	₹ 21,19,134	₹ 19,99,000
Empowered Plus 55	₹ 22,51,031	₹ 21,25,000
Empowered Plus A 55	₹ 23,28,494	₹ 21,99,000

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 Curvv EV Creative 45 will be ₹ 28,950 but you will have to pay interest of ₹ 6,82,800 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 ₹ 58,205, but your interest payment will be only ₹ 3,46,380 over the 3 years period.

₹ 35,463
Tata Curvv EV price starts from ₹ 18,57,433 in Mumbai.

We have considered
Down-payement : ₹ 1,08,433
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,20,000

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 Curvv EV starts from ₹ 18.57 Lakh, you can get a loan with an annual income as low as ₹ 6.20 lakh.

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

• 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.