The Tata Punch is currently the most affordable SUV offering in the entire Indian market, and the demand for the car is skyrocketing. Tata retails the micro SUV at a starting price of Rs 5.67 lakh (ex-showroom), which you can either pay full up front along with the registration, insurance & other charges, or opt for an EMI option that slightly eases the burden by letting you pay monthly installments for a tenure chosen by you.
Wondering what would be the lowest EMI on the Tata Punch SUV if you pay a down payment of just Rs 60,000? Here’s a table showing the variant-wise on-road (Delhi) price of the car, and the lowest monthly installment you would have to shell out for it, taking an estimated rate of interest, tenure, and down payment –
|Tenure||Rate of interest
|Pure||Rs 6,26,162||5 years||9.8%||Rs 60,000||Rs 11,974|
|Pure Rhythm||Rs 6,60,210||5 years||9.8%||Rs 66,000||Rs 12,567|
|Adventure||Rs 7,36,189||5 years||9.8%||Rs 74,000||Rs 14,004|
|Adventure Rhythm||Rs 7,74,479||5 years||9.8%||Rs 77,000||Rs 14,751|
|Adventure AMT||Rs 8,01,830||5 years||9.8%||Rs 80,000||Rs 15,266|
|Accomplish||Rs 8,34,650||5 years||9.8%||Rs 83,000||Rs 15,896|
|Adventure Rhythm AMT||Rs 8,40,120||5 years||9.8%||Rs 84,000||Rs 15,991|
|Accomplish Dazzle||Rs 8,83,880||5 years||9.8%||Rs 88,000||Rs 16,832|
|Accomplish AMT||Rs 9,00,290||5 years||9.8%||Rs 90,000||Rs 17,137|
|Creative||Rs 9,42,956||5 years||9.8%||Rs 94,000||Rs 17,954|
|Accomplish Dazzle AMT||Rs 9,49,520||5 years||9.8%||Rs 95,000||Rs 18,072|
|Kaziranga||Rs 9,61,555||5 years||9.8%||Rs 96,000||Rs 18,305|
|Creative IRA||Rs 9,75,777||5 years||9.8%||Rs 98,000||Rs 18,564|
|Kaziranga IRA||Rs 9,94,375||5 years||9.8%||Rs 99,000||Rs 18,936|
|Creative AMT||Rs 10,08,597||5 years||9.8%||Rs 1,01,000||Rs 19,195|
|Kaziranga AMT||Rs 10,27,195||5 years||9.8%||Rs 1,03,000||Rs 19,546|
|Creative IRA AMT||Rs 10,41,417||5 years||9.8%||Rs 1,04,000||Rs 19,825|
|Kaziranga IRA AMT||Rs 10,60,015||5 years||9.8%||Rs 1,06,000||Rs 20,176|
We have chosen a median tenure period of 5 years as standard, with approximately 10% down payment, and an estimated 9.8% rate of interest per annum. However, do note that the tenure can be chosen as per your requirement, while the rate of interest varies from bank to bank. Moreover, you can also choose to pay a higher or even a lower down payment, which will again alter your EMI.
Tata Punch interior
The Tata Punch SUV is currently retailed at an ex-showroom price of Rs 5.67 lakh for the base Pure variant, which goes all the way up to Rs 9.48 lakh for the range-topping Kaziranga Edition IRA automatic trim. In contrast, the on-road price (Delhi) of the Tata car ranges between Rs 6.26 lakh and Rs 10.60 lakh.
For reference, if you were to purchase the entry-level Pure variant of the Tata Punch SUV with an ex-showroom price of Rs 5.67 lakh on EMI basis after paying Rs 60,000 as the down payment amount, you would end up paying Rs 11,974 as a monthly installment for the next 60 months (5 years) at a 9.8% ROI. At the end of the tenure, you would have paid a total of Rs 7,18,440 for the Tata Punch Pure. Is there any other car you would like to know the EMI for? Do let us know in the comments down below.