Tata Punch is a new compact SUV from Tata Motors that was launched in India in October 2021. The Punch is based on the ALFA-ARC platform and offers a spacious cabin, a stylish design, and a range of features. New Punch is available in both petrol and CNG variants, with manual and automatic transmission options. The Punch competes with other sub-4 meter SUVs like Renault Kiger, Hyundai Exter, and Tata Nexon.
If you are interested in buying the Tata Punch, you might be wondering about the EMI options for the base model. In this article, we will provide you with the details of the EMI, down payment, interest rate, ex-showroom price, and on-road price of the Tata Punch base model in Delhi.
2023 TATA Punch Base Model EMI
The base model of the Tata Punch is called Pure and it comes with a 1.2-litre petrol engine that produces 86 PS of power and 113 Nm of torque. The Pure variant has a 5-speed manual gearbox and offers features like dual airbags, ABS with EBD, rear parking sensors, LED DRLs, and a 3.5-inch digital instrument cluster.
The ex-showroom price of the Tata Punch Pure variant in Delhi is Rs. 5.99 lakh. The on-road price includes the RTO charges of Rs. 4,650 and the insurance cost of Rs. 33,680. The total on-road price of the Tata Punch Pure variant in Delhi is Rs. 6.57 lakh.
To calculate the EMI for the Tata Punch base model, you need to know the loan amount, the interest rate, and the loan tenure. The down payment minus the on-road pricing is the loan amount. The interest rate and the loan tenure depend on the bank or the financial institution that you choose to take the loan from.
For example, if you choose to pay a down payment of Rs. 60,000, then the loan amount will be Rs. 5.97 lakh (6.57 – 0.6). If you take a loan for 5 years (60 months) at an interest rate of 9.8%, then your monthly EMI will be Rs. 12,535.
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New 2023 TATA Punch Base Model EMI, Down Payment, Loan Amount and Monthly EMI
Here is a table that shows the EMI for different down payment amounts for the Tata Punch base model in Delhi:
| Down Payment | Loan Amount | Interest Rate | Loan Tenure | Monthly EMI |
|---|---|---|---|---|
| Rs. 60,000 | Rs. 5.97 lakh | 9.8% | 5 years | Rs. 12,535 |
| Rs. 1 lakh | Rs. 5.57 lakh | 9.8% | 5 years | Rs. 11,605 |
| Rs. 1.5 lakh | Rs. 5.07 lakh | 9.8% | 5 years | Rs. 10,575 |
| Rs. 2 lakh | Rs. 4.57 lakh | 9.8% | 5 years | Rs. 9,545 |
Benefits of Buying Tata Punch Base Model on EMI
Buying the Tata Punch base model on EMI has several benefits:
- You can own a compact SUV without paying the full amount upfront.
- You can choose a flexible loan tenure and interest rate according to your budget and income.
- You can avail of attractive offers and discounts from banks and dealers on car loans.
- Paying EMIs on time improves credit scores.
- You can enjoy tax benefits on car loans if you use your car for business purposes.
Conclusion
Tata Punch is a promising compact SUV that offers a good value-for-money proposition. The base model of the Punch is well-equipped and affordable for most buyers. If you want to buy the Tata Punch base model in Delhi, you can opt for an EMI option that suits your financial situation and preferences.
You can use an online EMI calculator tool to compare different EMI options for the Tata Punch base model in Delhi. You can also visit your nearest Tata dealer or contact them online to get more details about the car loan process and eligibility criteria.
We hope this article has helped you understand the EMI options for the Tata Punch base model in Delhi. Ask questions or provide feedback in the comments below. Thank you for reading!
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