Tata Punch is a subcompact SUV that was launched in India in October 2023. It is based on the ALFA-ARC platform and offers a bold SUV design, class-leading comfort and convenience features, absolute safety, versatile and spirited performance, and advanced infotainment and connectivity. Tata Punch is available in 33 variants, with petrol, diesel and CNG options, and manual and automatic transmissions.
Ex-showroom Price and On Road Price of Top Model
The Creative Flagship DT Model, the Top model of the Tata Punch, features a dual-tone roof, a sunroof, leatherette seats, cruise control, push-button start, a rear parking camera, and a 7-inch touchscreen infotainment system with Apple CarPlay and Android Auto. This variant’s ex-showroom cost is Rs. 9.49 lakh for the petrol manual option and Rs. 10.10 lakh for the petrol AMT option. The location, kind of vehicle, and optional accessories you select will all have an impact on the on-road cost of this variation. For instance, in Delhi, the petrol AMT option’s on-road cost is Rs. 11.67 lakh, while the petrol manual option’s on-road cost is Rs. 10.97 lakh.
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Monthly EMI, Downpayment, Interest Rate, Loan amount, Loan Tenure
If you want to buy the Tata Punch Creative Flagship DT variant with a car loan, you will need to consider the monthly EMI, downpayment, interest rate, loan amount, and loan tenure. The monthly EMI is the amount that you will have to pay every month to repay the loan.
To calculate the monthly EMI, you can use an online EMI calculator. You will need to enter the loan amount, interest rate, and loan tenure to get an estimate of the EMI. For example, if you take a loan of Rs. 9 lakh for 5 years at an interest rate of 10%, your monthly EMI will be Rs. 19,131.
The downpayment will depend on your eligibility and preference. Usually, lenders require a minimum downpayment of 10% to 20% of the ex-showroom price of the car. For example, if you buy the Tata Punch Creative Flagship DT variant with an ex-showroom price of Rs. 10.10 lakh, your minimum downpayment will be Rs. 1.01 lakh to Rs. 2.02 lakh.
The interest rate will depend on various factors such as your credit score, income, loan amount, loan tenure, etc. Different lenders may offer different interest rates for car loans. You can compare the interest rates offered by various lenders online. For example, some of the interest rates offered by popular lenders for car loans are:
|HDFC Bank||8.80% – 10.50%|
|ICICI Bank||9.30% – 12.85%|
|SBI||8.65% – 9.70%|
|Axis Bank||9.05% – 11.30%|
The loan amount and loan tenure will depend on your eligibility and affordability. You can use an online loan amount calculator to find out how much you can afford to borrow based on your monthly income and expenses. You can also use an online loan tenure calculator to find out how long it will take you to repay the loan based on your monthly EMI and interest rate.
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News Summary With Bullet Points
Here are some of the latest news updates about Tata Punch:
- Tata Punch received a five-star safety rating from Global NCAP, making it one of the safest cars in India.
- Tata Punch became the best-selling subcompact SUV in India in November 2023, beating rivals like Hyundai Venue, Kia Sonet, Maruti Suzuki Vitara Brezza, etc.
- Tata Punch was awarded the Indian Car Of The Year (ICOTY) 2023, beating contenders like Hyundai Alcazar, Mahindra XUV700, Skoda Kushaq, etc.
- Tata Punch launched a new iCNG variant, which offers a mileage of 26.99 km/kg and a power output of 72 bhp.
|Ex-showroom Price||On Road Price of Top Model||Monthly EMI||Downpayment||Interest Rate||Loan amount||Loan Tenure|
|Rs. 10.10 lakh (petrol AMT)|
Rs. 9.49 lakh (petrol manual)
|Rs. 11.67 lakh (petrol AMT) Rs. 10.97 lakh (petrol manual)||Rs. 19,131 (for a loan of Rs. 9 lakh for 5 years at 10% interest rate)||Rs. 1.01 lakh to Rs. 2.02 lakh (10% to 20% of ex-showroom price)||8.65% – 12.85% (depending on the lender and eligibility)||Rs. 9 lakh (assuming 10% downpayment)||5 years (assuming EMI of Rs. 19,131)|
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