Best EV Loan Options for Tata Nexon EV Buyers
Tata Nexon EV Loan EMI Estimates
The Tata Nexon EV has variants priced from twelve point four nine lakh to seventeen point one nine lakh rupees (ex-showroom). Loan terms usually last five years or sixty months with interest rates between eight percent and ten point five percent.
EMI Breakdown by Variant
Variant | Ex-Showroom Price | Loan Amount (90 percent) | EMI (60 months at 10 point five percent) | Total Payable
Creative Plus MR | twelve point four nine lakh | eleven point two four lakh | twenty four thousand one hundred sixty one | fourteen point six four lakh
Fearless MR | thirteen point two nine lakh | eleven point nine six lakh | twenty five thousand seven hundred nine | fifteen point seven eight lakh
Fearless Plus MR | thirteen point seven nine lakh | twelve point four one lakh | twenty six thousand six hundred seventy six | sixteen point four four lakh
Empowered MR | fourteen point seven nine lakh | thirteen point three one lakh | twenty eight thousand six hundred eleven | seventeen point seven five lakh
Empowered Plus Forty Five Red Dark | seventeen point one nine lakh | fifteen point four seven lakh | thirty three thousand two hundred fifty three | twenty point zero six lakh
Top Banks Offering EV Loans for Tata Nexon EV
ICICI Bank
Interest Rate: Starting from nine point one percent per annum
Loan Tenure: Flexible repayment options
Features: Up to one hundred percent on-road financing, quick approval process, minimal documentation
Ideal For: Customers seeking fast processing and competitive rates
HDFC Bank
Interest Rate: Starting from eight point seventy five percent per annum
Loan Tenure: Twelve to ninety six months
Features: Up to one hundred percent on-road finance, instant processing, digital documentation
Ideal For: Salaried and self-employed individuals looking for flexible repayment options
Axis Bank
Interest Rate: Starting from nine point fifteen percent per annum
Loan Tenure: Up to seven years
Features: Competitive rates, personalized loan