Car Loan for Tata Altroz: Features & Benefits
Individuals who wish to get a Tata Altroz and can submit off the sum over the long haul can go for a Tata Altroz Car Loan. Coming up next are its significant attributes:
| Features | Key Specifications |
| Rate of Interest | 8.25% – 14.26% (Avg – 9.40%) |
| Provision Fee | 1.00% Min Rs. 5,000 Max Rs. 10,000 |
| Loan Time period | Up to 7 years |
| Minimum EMI | ₹ 1,556 per lakh |
| Amount of Loan | Up to 100% of ex-showroom price |
| Foreclosure Charges | 5% from 13-24 months, 3% after 24 months |
Tata Altroz Car Loan Eligibility Criteria
The eligibility criteria to avail of a Tata Altroz Car Loan is given below:
| Eligibility Criteria | Eligibility Details |
| Age | 21 years – 60 years |
| Minimum Annual Income |
|
| Minimum Credit Score | 700 and above |
| Loan Tenure | 7 years |
| Loan to Value Ratio | 100% of ex-showroom price |
Tata Altroz Car Loan EMI Calculator
The EMI for a Tata Altroz Car credit is resolved contrastingly subject to the methodology utilized. The simple path for understanding credit is the Dialabank EMI Calculator page, where the normal strategy is the EMI late obligations approach, which infers that the advance worth due is paid revenue on a sliding reason at or after the completion of consistency.
To summarize, all banks use the very head framework to calculate the proportion of the EMI that will be passed on to the development holder.
Coming up next is the equation:
E= P. r. (1+r)n/[(1+r) n -1]
- Where – E: alludes to the regular monthly payment or EMI.
- P: alludes to the principal amount for which you wish to apply.
- r: alludes to the month-to-month loan fee processed as a percentage of yearly income,
- n: alludes to the loan term in months.
Tata Altroz Car Loan Interest Rate, Fees, and Charges
| Interest Rate | 8.25% – 14.26% (Avg – 9.40%) |
| Processing Fee | Lower of Rs. 10,000 or 0.4% of car loan sanctioned |
| Foreclosure Charges | 3% to 6% depending on loan tenure (no foreclosure for loans disbursed <6 months ago) |
| Documentation Fees | Rs. 600 each time |
| Penalty for Late Payment | 2% each month |
| Financing Quantum | Up to 100% depending on customer profile |
Documents Required for Tata Altroz Car Loan
On the off chance that an up-and-comer meets the sum of the capability rules of the Tata Altroz Car Loan, the credit provider will require the contender to send some fundamental work area work before the development can be administered to affirm his attestations and satisfy a bit of the specific norms of the advance plan. The accompanying archives are required:
| Individual | Documentation |
| Salaried Applicant | Two Passport-size photocopies of your tax identification number (PAN)
Aadhaar, Passport/ Driving License/ Voter ID/ PAN are all acceptable forms of identification. Automobile quote Passport, Leave and License, Registered Rent Agreement, Utility Bill (up to 3 months old), Residential Address Proof 3 months pay stubs, 2 years Form 16, 3 months bank statement displaying salary credit and any EMI debit Vehicle Registration and Insurance |
| Self Employed Applicant | Two Passport Size Photo Copy of Income Tax PAN (Filled Out Loan Application Form)
Aadhaar, Passport, Driving License, Voter ID, and PAN is all acceptable forms of identification. Car price quote Proof of residential address – leave and license/registered rent agreement/utility bill (up to 3 months old), Passport. Income Documents – 3 months pay stubs, 2 years of Form 16, 3 months bank statement displaying income credit and any EMI debit. Vehicle Registration and Insurance |
Tata Altroz
| ARAI Mileage | 25.11 kmpl |
| Fuel Type | Diesel |
| Engine Displacement (cc) | 1497 |
| Max Power (bhp@rpm) | 88.77bhp@4000rpm |
| Max Torque (nm@rpm) | 200Nm@1250-3000rpm |
| Seating Capacity | 5 |
| TransmissionType | Manual |
| Boot Space (Litres) | 345 |
| Fuel Tank Capacity | 37.0 |
| Body Type | Hatchback |
Key Specs of Tata Altroz
| Features of Tata Altroz | Yes/No |
| Power Steering | Yes |
| Power Windows Front | Yes |
| Anti Lock Braking System | Yes |
| Air Conditioner | Yes |
| Driver Airbag | Yes |
| Passenger Airbag | Yes |
| Fog Lights – Front | Yes |
| Alloy Wheels | Yes |
Tata Altroz Price
Most Recent Update: Tata has climbed the costs of the Altroz by up to Rs 20,400. Tata Altroz Price: The Altroz is valued from Rs 5.79 lakh to Rs 9.55 lakh (ex-display area Delhi).
Tata Altroz Variants: It is accessible in seven variations: XE, XM, XM+, XT, XZ, XZ (O), and XZ+.
Tata Altroz Powertrains: The Altroz accompanies three motor alternatives: a 1.2-litre normally suctioned petroleum, 1.2-liter super petroleum, and a 1.5-litre diesel. Their yield figures remain at 86PS/113Nm, 110PS/140Nm, and 90PS/200Nm separately. Every one of the three motors is offered with a 5-speed manual gearbox as standard, while a 7-speed DCT programmed is relied upon to be presented later.
Prices of Tata Altroz Ex-showroom Delhi
| Ex-Showroom Price | Rs.6,99,500 |
| RTO | Rs.69,656 |
| Insurance | Rs.30,254 |
| Others | Rs.46,990 |
| Optional | Rs.45,076 |
| On-Road Price in New Delhi | Rs.7,99,411 |
Down payment required for Tata Altroz Car Loan
| TATA ALTROZ VARIANTS | LOAN @ RATE% | DOWN PAYMENT | EMI AMOUNT(60 MONTHS) |
| Tata Altroz XE | 9.8 | Rs.68,270 | Rs.13,000 |
| Tata Altroz XM | 9.8 | Rs.77,280 | Rs.14,715 |
| Tata Altroz XM plus | 9.8 | Rs.80,562 | Rs.15,324 |
| Tata Altroz XE Diesel | 9.8 | Rs.84,448 | Rs.16,083 |
| Tata Altroz XT | 9.8 | Rs.86,360 | Rs.16,445 |
About Tata Altroz
Tata Altroz is an exceptional hatchback vehicle. It accompanies three powertrain options; all are matched with a solitary five-speed manual. The vehicle is accessible in five unique tones – Harbor Blue, Avenue White, Midtown Gray, Downtown Red, and High-Street Gold. The Altroz has been granted five stars by Global NCAP.
The Altroz depends on another secluded stage, named ALFA. It has a 3,990mm length and 2,501mm wheelbase. Likewise, it has a 165mm ground leeway and 345-litre boot space. Furthermore, the front highlights double headlamps and beneath them, there is an incorporated DRLs and mist lights unit. It accompanies 16-inch compound wheels relying upon the variation.
Inside, the Altroz highlights a double subject shading. The dashboard has a drifting seven-inch touchscreen and another seven-inch screen with a simple dial for the instrument group. The infotainment framework upholds Apple CarPlay and Android Auto just as the ConnectNext application suit. Additionally, there is a 15-litre cooled glove box.
How to get Tata Altroz Car Loan
Customers enthusiastic about purchasing a mid-section vehicle from a lofty vehicle maker will find the Tata Altroz to be a fabulous choice. All banks and non-bank money-related foundations are maybe not ready to help the vehicle’s worth for their customers.
Customers should pick the Tata Altroz Car Loan since it is a carefully custom-fitted credit. Tata Altroz Car Loan is a program that licenses young pioneers and average specialists to purchase a decent vehicle from a predominant automaker like Tata Altroz.
You can grab a Tata Altroz Car Loan through Dialabank, India’s First Financial Helpline.
To apply for a loan, visit our website at Dialabank
OR
Call us at Dialabank: 9878981166
Tata Altroz News
- Tata Motors has tactfully refreshed the infotainment framework on the Altroz hatchback. The seven-inch touchscreen infotainment framework offered on the XM+, XT, XZ, and XZ+ presently relinquishes the actual catches that were set underneath the aircon vents. The particular space presently includes the ‘Altroz’ badging on the dashboard.
- The cost of the Altroz used to begin at ₹5.69 lakh (ex-display area) for its base variation XE Petrol, while the top-end adaptation XZ Plus Diesel used to cost ₹9.45 lakh (ex-display area). The costs have now been updated to ₹5.79 lakh and ₹9.55 lakh individually.
FAQs Tata Altroz Car Loan
✅ What will be the lowest down payment for Tata Altroz?
The lenders generally finance 90% of the On-Road Price of the Tata Altroz. Some customers might be eligible for 100% funding, too. Down payment is the difference between the On-Road Price of the Tata Altroz and the amount funded by the lender.
✅ What will be the monthly EMI for the Tata Altroz?
EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for the Tata Altroz can be calculated using the following formula:
{P x R x (1+R)^N / [(1+R)^N-1]}
where, P = Principal amount of the loan, R = Rate of interest, and N = Number of monthly instalments.
✅ What will be the interest rate for the Tata Altroz?
The interest rate for the Tata Altroz primarily depends on the principal amount and tenure of the loan amount. The interest rate of lenders generally varies from 8.75% per annum to 11.50% per annum. If a customer holds an account with the financier then he may have a pre-approved new car loan offer available for him which can be verified by logging into his account. Customers can also negotiate with the financier for a better rate of interest against their loan amount.
