By Admin 
Tata Motors’ premium hatchback Tata Altroz facelift is quite popular in the Indian market. The ex-showroom price of its petrol base variant is Rs 6.89 lakh. If it is purchased in Delhi, after adding about 56,000 registration charge and about 33,000 insurance, its on-road price reaches Rs 7.78 lakh. Let us know about its EMI plan in detail.
How much loan will be taken after 2 lakh down payment?
- If you make a down payment of Rs 2 lakh to bring Altroz facelift home, then you have to finance the rest of the amount from the bank. That is, you will have to take a loan of about 5.78 lakh rupees. Suppose the bank gives you this loan at 9% interest rate and for a period of 7 years (84 months). In such a situation, EMI of your every month will be around Rs 9,304.
How expensive the car will be?
- If you pay 9,304 EMI every month for 7 years, then in total, about 2.03 lakh rupees will have to be paid as interest. In this way, the price of Altroz facelift’s base petrol variant will reach about Rs 9.81 lakh by adding ex-showroom, on-road and interest.
Tata Altroz facelift who compete with?
- Altroz facelift directly compete with the vehicles present in the premium hatchback segment. It includes cars like Maruti Suzuki Baleno, Toyota Glanza and Hyundai i20. According to the price, it also gets a competition with some compact SUVs.
How is EMI plan for middle class buyers?
- If your budget is limited and you want to take a premium hatchback, the base variant of Tata Altroz facelift can be a good option for middle-class buyers with 2 lakh down payment and 9,304 EMI. It provides combination of style, space and safety, which makes it a strong contender in its category.
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