Tata Punch EV Smart and Smart Plus Car Loan EMI Down Payment: For those thinking of buying a new electric car this month, Tata Punch EV is a good option. It looks great, has good features, and with a battery range of over 400 kilometers, it’s a smart decision to consider buying this electric SUV.
Instead of paying the full amount for Tata Punch EV, financing it is also a good option. You can bring home its most affordable models, Tata Punch EV Smart and Punch EV Smart Plus, with just a down payment of two lakh rupees. After that, I’ll explain how much car loan you can get and the details of EMI and interest rates.
Tata Punch EV Starting Price Only 10.99 Lakhs
Tata Punch EV comes in 20 variants like Smart, Smart Plus, Adventure, Ampowered, and Empowered Plus, with showroom prices ranging from 10.99 lakhs to 15.49 lakhs. It is presented with battery options of 25 kWh and 35 kWh, providing a single charge range from 315 km to 421 km. Tata Punch EV stands out in terms of looks and design, along with its features.
Tata Punch EV Smart and Smart Plus Variants Overview
| Feature | Tata Punch EV Smart Variant | Tata Punch EV Smart Plus Variant |
| Starting Price (On-road) | Approximately 11.60 Lakhs INR | Approximately 12.10 Lakhs INR |
| Down Payment | 2 Lakhs INR | 2 Lakhs INR |
| Loan Amount | Approximately 9.60 Lakhs INR | Approximately 10.10 Lakhs INR |
| Interest Rate | 9% | 9% |
| Loan Term | 5 Years | 5 Years |
| Monthly EMI | Approximately 20,000 INR | Approximately 21,000 INR |
| Total Interest (approx.) | Approximately 2.36 Lakhs INR | Approximately 2.36 Lakhs INR |
| Battery Options | 25 kWh and 35 kWh | 25 kWh and 35 kWh |
| Single Charge Range | 315 km to 421 km | 315 km to 421 km |
| Variants Available | Smart, Smart Plus, Adventure, Ampowered, Empowered Plus | (Similar variants) |
Tata Punch EV Smart Variant Car Loan
The on-road price of the Tata Punch EV Smart variant is around 11.60 lakhs. If you finance this electric car with a down payment of two lakh rupees, you’ll need to take a loan of around 9.60 lakhs. If the interest rate is 9 percent and you take a loan for 5 years, you’ll have to pay around 20,000 rupees per month as EMI. Financing Tata Punch EV Smart will incur an interest of around 2.36 lakhs according to the terms.
Also Read: Kia Seltos Diesel Manual Price And Features, Mileage Specs 2024
Smart Plus Tata Punch EV Variant Car Loan, EMI, and Down Payment Details
- Model: Tata Punch EV Smart Plus
- Ex-showroom Price: 11.49 lakhs
- On-road Price: Around 12.10 lakhs
- Down Payment: 2 lakhs
- Loan Amount: Around 10.10 lakhs
- Interest Rate: 9%
- Loan Term: 5 years
- Monthly EMI: Around 21,000 rupees
- Total Interest (approx.): Around 2.36 lakhs
- Important Note: Gather all details from the Tata showroom before financing Tata Punch EV Smart Plus, as there might be some variations.
The second most affordable model, Tata Punch EV Smart Plus, has an ex-showroom price of 11.49 lakhs and an on-road price of around 12.10 lakhs. If you finance this model with a down payment of two lakh rupees, you’ll need to take a loan of around 10.10 lakhs. With an interest rate of 9 percent for a loan term of 5 years, you’ll have to pay around 21,000 rupees per month as EMI.
Tata Punch EV Smart Plus: Financing Tata Punch EV Smart Plus will incur an interest of around 2.36 lakhs based on the terms. Keep in mind to gather all the details from the Tata showroom before financing Tata Punch EV, as there might be some variations.
Final Words:
The Tata Punch EV Smart Plus is a great choice if you’re eyeing an affordable electric car. Priced at around 12.10 lakhs on-road, it comes with a down payment of 2 lakhs and a loan of about 10.10 lakhs. With a 9% interest rate over 5 years, your monthly EMI would be around 21,000 rupees.
Keep in mind to double-check all the details at the Tata showroom before going for the financing, just to be sure about any possible differences. So, if you’re thinking of going green, the Tata Punch EV Plus is a smart move!