Tata Nexon
Car Loan for Tata Nexon: Features & Benefits
People who wish to get a Tata Nexon Car Loan and can submit off the whole as time goes on can go for a Tata Nexon Car Loan. Coming up next are the critical traits of Tata Nexon Car Loan:
| Features | Key Specifications |
| Rate of Interest | 8.25% – 14.26% (Avg – 9.40%) |
| Provision Fee | 1.00% Min Rs. 5,000 Max Rs. 10,000 |
| Loan Time period | Up to 7 years |
| Minimum EMI | ₹ 1,556 per lakh |
| Amount of Loan | Up to 100% of ex-showroom price |
| Foreclosure Charges | 5% from 13-24 months, 3% after 24 months |
Tata Nexon Car Loan Eligibility Criteria
The eligibility criteria to avail of a Tata Nexon Car Loan is given below:
| Eligibility Criteria | Eligibility Details |
| Age | 21 years – 60 years |
| Minimum Annual Income |
|
| Minimum Credit Score | 700 and above |
| Loan Tenure | 7 years |
| Loan to Value Ratio | 100% of ex-showroom price |
Tata Nexon Car Loan EMI Calculator
The EMI for a Tata Nexon Car credit is settled contrastingly reliant upon the system utilized. The fundamental route for understanding credit is the Dialabank EMI Calculator page where the customary framework is the EMI late responsibilities approach, which reasons that the improvement worth due is paid pay on a sliding clarification at or after the realization of dependably.
To summarize, all banks use the very head construction to register the degree of the EMI that will be given to the improvement holder.
Coming up next is the equation:
E= P. r. (1+r)n/[(1+r) n -1]
Where – E: alludes to the regular monthly payment or EMI.
P: alludes to the principal amount for which you wish to apply.
r: alludes to the month-to-month loan fee processed as a percentage of yearly income,
n: alludes to the loan term in months.
Tata Nexon Car Loan Interest Rate, Fees, and Charges
| Interest Rate | 8.25% – 14.26% (Avg – 9.40%) |
| Processing Fee | Lower of Rs. 10,000 or 0.4% of car loan sanctioned |
| Foreclosure Charges | 3% to 6% depending on loan tenure (no foreclosure for loans disbursed <6 months ago) |
| Documentation Fees | Rs. 600 each time |
| Penalty for Late Payment | 2% each month |
| Financing Quantum | Up to 100% depending on customer profile |
Documents Required for Tata Nexon Car Loan
In case an up-and-comer meets the amount of the capacity rules of the Tata Nexon Car Loan, the credit supplier will require the competitor to send some principal work territory work before the improvement can be regulated to attest his validations and fulfill a touch of the particular standards of the development plan. The Documents which are required:
| Individual | Documentation |
| Salaried Applicant | Two Passport-size photocopies of your tax identification number (PAN)
Aadhaar, Passport/ Driving License/ Voter ID/ PAN are all acceptable forms of identification. Automobile quote Passport, Leave and License, Registered Rent Agreement, Utility Bill (up to 3 months old), Residential Address Proof 3 months pay stubs, 2 years Form 16, 3 months bank statement displaying salary credit and any EMI debit Vehicle Registration and Insurance |
| Self Employed Applicant | Two Passport Size Photo Copy of Income Tax PAN (Filled Out Loan Application Form)
Aadhaar, Passport, Driving License, Voter ID, and PAN is all acceptable forms of identification. Car price quote Proof of residential address – leave and license/registered rent agreement/utility bill (up to 3 months old), Passport. Income Documents – 3 months pay stubs, 2 years of Form 16, 3 months bank statement displaying income credit and any EMI debit. Vehicle Registration and Insurance |
Tata Nexon 
| ARAI Mileage | 21.5 kmpl |
| Fuel Type | Diesel |
| Engine Displacement (cc) | 1497 |
| Max Power (bhp@rpm) | 108.5bhp@4000rpm |
| Max Torque (nm@rpm) | 260Nm@1500-2750rpm |
| Seating Capacity | 5 |
| TransmissionType | Automatic |
| Boot Space (Litres) | 350 |
| Fuel Tank Capacity | 44.0 |
| Body Type | SUV |
Key Specs of Tata Nexon
| Features of Tata Nexon | Yes/No |
| Power Steering | Yes |
| Power Windows Front | Yes |
| Anti Lock Braking System | Yes |
| Air Conditioner | Yes |
| Driver Airbag | Yes |
| Passenger Airbag | Yes |
| Fog Lights – Front | Yes |
| Alloy Wheels | Yes |
Tata Nexon Price
The Tata Nexon is a conservative SUV from the Indian automaker. Dispatched, in 2017, it got a facelift in 2019 and is offered across eight trim levels with BS6 agreeable powertrain and added hardware.
As far as the outside plan, you get headlamps with a sharp plan joined with a lot of sleeker grille when contrasted with the pre-facelift model. Indeed, even the guard configuration is overhauled which has now a bigger admission and a differentiating slide plate. In profile and at the back, things stay pretty much unaltered. Likewise, a piece of the update is another combination wheel plan.
Within, the Nexon keeps on being open with its very much spread-out lodge. You have an updated instrument bunch with an all-advanced readout. The skimming infotainment screen gets versatile availability includes also. Aside from the new upholstery, the Nexon’s refreshed lodge likewise packs in new gear to get it sufficient with the opposition.
Prices of Tata Nexon Ex-showroom Delhi
| Ex-Showroom Price | Rs.8,49,900 |
| RTO | Rs.82,816 |
| Insurance | Rs.33,865 |
| Optional | Rs.56,964 |
| On-Road Price in New Delhi | Rs.16,97,863 |
Down payment required for Tata Nexon Car Loan
| TATA NEXON VARIANTS | LOAN @ RATE% | DOWN PAYMENT | EMI AMOUNT(60 MONTHS) |
| Tata Nexon XE | 9.8 | Rs.86,209 | Rs.16,413 |
| Tata Nexon XM | 9.8 | Rs.96,712 | Rs.18,402 |
| Tata Nexon XE Diesel | 9.8 | Rs.1.02 Lakh | Rs.19,489 |
| Tata Nexon XM S | 9.8 | Rs.1.02 Lakh | Rs.19,499 |
| Tata Nexon XMA AMT | 9.8 | Rs.1.03 Lakh | Rs.19,695 |
About Tata Nexon
The Nexon made its presentation as a model shown at the Auto Expo 2014. The last model was introduced in February 2016.
The Nexon depends on the overhauled Tata X1 stage that appeared in 1998 with the Indica model and received by other Indian brand cars. It utilizes autonomous MacPherson double-way swagger with loop spring front suspensions and back curve pillar with curl spring and safeguards.
The wheelbase is estimated at 2,498 mm (98.3 in). It is portrayed by two-tone paint, LED headlamps, and huge chrome groups at the edge.
The base model, the ‘Classic’, incorporated the 1.9 liters inline four-chamber (I4) Turbocharged Direct Injection (TDI) turbodiesel delivering 74 kilowatts (101 PS; 99 bhp), or a 2.0-liter petroleum inline-four appraised at 85 kW (116 PS; 114 bhp).
How to get Tata Nexon Car Loan
Clients should pick the Tata Nexon Car Loan since it is a cautiously custom-fitted credit. Tata Nexon Car Loan is a program that licenses youthful pioneers and normal experts to buy a respectable vehicle from a transcendent automaker like Tata Nexon.
You can grab a Tata Nexon Car Loan through Dialabank, India’s First Financial Helpline.
To apply for a loan, visit our website at Dialabank
OR
Call us at Dialabank: 9878981166
Tata Nexon Car Loan News
- Tata Nexon EV is right now the top-rated electric vehicle in India. In the last financial year (FY2020-21), Tata’s electric hybrid held a 64.43 percent share in the traveler EV market in our country, with an aggregate of 3,805 units sold around there. With automakers moving concentration towards electric vehicles (and zapped vehicles, similar to crossovers, PHEVs, and so forth), we anticipate that Tata should draw out a couple of more EVs soon.
- Tata Motors has reported that the organization will close its Jamshedpur producing office for five days. Named as a ‘block closure’, the carmaker will attempt the activity from 18 May to 22 May.
FAQs Tata Nexon Car Loan
✅ What will be the lowest down payment for Tata Nexon?
The lenders generally finance 90% of the On-Road Price of the Tata Nexon. Some customers might be eligible for 100% funding, too. Down payment is the difference between the On-Road Price of the Tata Nexon and the amount funded by the lender.
✅ What will be the monthly EMI for the Tata Nexon Car Loan?
EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for the Tata Nexon can be calculated using the following formula: {P x R x (1+R)^N / [(1+R)^N-1]} where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.
For Example:- If the principal amount for a car loan is Rs. 7.75 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 16,413. The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 9.8% per annum, then R= 9.8/12 = 0.81%/month.
