Monsoon rains are happening in the country these days. Due to which people are planning to visit hill stations. However, if you do not have a car, then going somewhere with the family does not feel good. Due to which, going somewhere with your car doubles the fun. That’s why we are telling you about the Tata Punch in special information here. Buying, which will cost only Rs 500 daily.

When it comes to cars in India, the name of Tata Motors’ car comes up. The company has the cheapest Tata Punch car for the customers. Which is made for every road, including mountains, rough roads. This budget-friendly car can be purchased by making a down payment of just Rs 60,000. However, the price of the car is up to seven lakh rupees.

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Tata Punch Price

Tata Motors has launched the Tata Punch in many variants. However, the Tata Punch is available at a low price. In which a powerful engine and tremendous features have been added. The on-road price of the pure petrol variant of the Tata Punch is Rs 6.66 lakh. You do not have to pay this price in full, so the finance plan will work.

Finance plan for the Tata Punch

The company has kept the on-road price of the pure petrol variant of the Tata Punch at Rs 6.66 lakh. So if you go to buy the car, then after making a downpayment of Rs 60,000, the bank will give the remaining amount as a loan. In which you will get a loan of Rs 5.99 lakh from the bank. If the bank is charging 9.8 per cent interest on the purchase of the Tata Punch, due to which if you take the loan period for four years, the EMI deposit will be Rs 15,326 every month.

If you think that the car loan is to be taken for 5 years, then the EMI will be reduced, due to which you will have to pay an instalment of about Rs 12,828 every month at an interest of 9.8 per cent in five years. Let us tell you that, like other cars, there may be somedifferencese in the price othe f Tata Punch in different states of the country, due to which the loan amount may increase or decrease here.

EMI depends on many factors

Let us tell you that the loan amount available on Punch can also be different. There may be a difference in the interest rate of the loan-giving companies. Which affects the EMI of the customer. If your source of income and credit score are goo,d then you get a loan at low rates.