Just like most other industries, the automotive industry too is going through a tough phase due to the ongoing COVID 19 pandemic. The manufacturers are leaving no stone unturned to push the sales figures of their various offerings. Tata Motors Finance too has introduced the Tata Motors EMI scheme which aims to attract a number of buyers with affordable EMI options. While the scheme is valid on almost all the Tata cars, check out the scheme offers that you can get with the Tata Tiago and the Tata Tigor.
As per the latest Tata Motors EMI scheme, the buyers of the Tata Tiago and the Tata Tigor can get a loan of upto 100 percent of the total car value with the first six EMIs costing just Rs 1,000 per lakh of the total loan value. The buyers can opt for a maximum loan tenure of 36, 48, or 60 months. Depending upon the loan tenure, the EMIs will be calculated.
For instance, if you are taking a loan of Rs 5 lakh for 5 years, you will have to pay Rs 5000 for the first six months while for the next six months, you will have to pay Rs 8000. Subsequently, from the 13th month, the EMI will cost you Rs 11000 and after 5 years, you will have to pay a bullet EMI of Rs 90000 to close the loan. Check out more details about the scheme in the table given below.
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The Tata Motors EMI scheme helps the new buyers save more in the initial months as the EMI will not be very expensive. With this being said, the Tata Tiago is priced from Rs 4.49 lakh while the Tigor gets a starting price tag of just Rs 5.39 lakh. Both cars are powered by a 1.2-L engine which can be had with a manual or an AMT gearbox.
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With this being said, what do you think about this EMI Scheme? Do share your thoughts in the comments box below. Also, subscribe to our Youtube Channel for all the latest news and updates.
