₹23,700 monthly EMI of Tata Nexon CNG (Fearless Plus PS DT) on Rs.2 lakh down payment – Know complete details of 7 year loan
Introduction
Tata Motors’ sub‑4‑meter compact SUV, the Nexon, now offers a factory-fitted CNG variant—Fearless Plus PS DT CNG—designed for drivers looking to balance performance with fuel economy. With a turbocharged 1.2 L Revotron engine paired with a six-speed manual gearbox and front-wheel drive, this SUV delivers a healthy 118 bhp power and 170 Nm torque, ensuring peppy acceleration even in CNG mode .
One of its strongest selling points is the ARAI-certified mileage of 17.44 km/kg, which, thanks to its efficient gearbox, can stretch up to 24 km/kg on highways . However, real-world tests show between 13–17 km/kg, depending on driving conditions . This blend of performance and efficiency makes it an excellent option for those seeking lower running costs.
Beyond performance and mileage, the Nexon CNG also scores high on safety—it carries a five-star Global NCAP crash rating, the safest in its class . The feature list includes ventilated front seats, a 360-degree camera, blind-spot monitor, ISOFIX child-seat mounts, hill assist, rear parking sensors, and automatic climate control—all upgrades that enhance comfort and convenience .
With a commanding road presence (length ~3995 mm, height ~1620 mm, ground clearance ~208 mm), spacious interiors, and a robust boot space of 382 litres, the Nexon CNG adeptly manages both city traffic and occasional highway drives .
If you’re considering the top-end CNG model, find out how the EMI might look after a ₹2 lakh down payment—let’s dive into the numbers.
Price and Spec Highlights
- Ex-showroom price (Delhi): ₹14.30 lakh for the Fearless Plus PS DT CNG .
- Engine & Performance: 1.2-liter turbocharged Revotron engine producing ~118 bhp and 170 Nm of torque .
- ARAI-rated Mileage: Approximately 17.44 km/kg .
Loan and EMI Overview
- Down payment: ₹2 lakh.
- Loan amount: Typically ₹14.40–14.50 lakh, factoring in on-road charges.
- Tenure and Interest Rate: 7 years (84 months) at ~8.8–9% annual interest.
- Estimated Monthly EMI: Around ₹23,600–24,000 .
Total Interest and Cost
- Total interest payable: Approximately ₹5.16–5.18 lakh over seven years.
- Cumulative cost: Ex-showroom price + on-road charges + interest = ~₹21.9–21.94 lakh.
EMI Breakdown (Sample Calculation)
javaCopyEditLoan Amount = ₹14,75,000
Interest Rate = 9% per annum
Tenure = 84 months
Estimated EMI ≈ ₹23,740
Actual EMI may vary depending on lender terms and interest rate fluctuations.
Comparative Loan Study
CarLelo estimates a lower EMI of ₹14,048/month for 84 months at 8.8% interest – indicating that even slight reductions in interest rate can lower EMI significantly .
Pros and Cons of Loan Tenure
| Tenure | Pros | Cons |
|---|---|---|
| 5 years | Lower total interest, faster repayment | Higher EMI (~₹28–30 k) |
| 7 years | More affordable EMI (~₹23–24 k) | Higher interest burden (~₹5.18 lakh) |
- A longer tenure eases monthly cash flow but increases total cost.
- A shorter tenure raises EMI but helps save on interest.
Competitors in the Segment
The Nexon CNG competes directly with SUVs like the Kia Sonet CNG, Hyundai Venue iCNG, Maruti Fronx, and Maruti Brezza CNG. With a strong feature list, rugged build, and comprehensive service network, the Nexon stands out.
Purchasing Recommendations
- Interest Rate Comparison: Seek special offers—some banks may offer 8.5–8.8% instead of 9%.
- Loan Tenure Decision: Balance your monthly budget and total interest outgo before choosing duration.
- Dealers & Insurance Deals: Explore dealer promos—TCS, accessories, and insurance discounts may lower on-road pricing.
- Real-World Mileage: Users report CNG mileage of 17–24 km/kg, in line with manufacturer claims .
- Resale Value & Network: Tata’s strong pan-India presence enhances long-term resale prospects.
Conclusion
- ₹2 lakh down payment + ₹14.40–14.50 lakh loan
- EMI ≈ ₹23,700/month for a 7-year loan at ~9%
- Total cost ≈ ₹21.9–21.95 lakh
- Total interest ≈ ₹5.16–5.18 lakh
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