Tata Motors is offering an attractive finance scheme to buyers of the Tiago, where the consumers will have to pay an EMI of just Rs. 5,000 for 6 months. Then EMI will gradually increase over the loan tenure of 5 years
The automotive sector slipped into a slump back in 2019. With the introduction of BS-6 emission norms, the industry was expecting to step out of this loss puddle. However, the current situation is furthermore stressful. Thus, car manufacturers are offering massive discounts on their new BS-6 models and are also offering lucrative finance schemes to lure buyers. Tata Motors has also joined the race with a tempting finance scheme for Tiago, which the carmaker has named as “Key to Safety”. The easy finance scheme will let the buyers get their hands on Tiago at an EMI of just Rs. 5,000 for 6 consecutive months.
Tata Tiago facelift draws inspiration from the bigger Altroz in terms of front-end styling
This EMI amount will be applicable for a loan amount of up to Rs. 5.00 lakh. And, will gradually increase over the tenure of 5 years. If the loan amount increases than Rs. 5.00 lakh, the EMI will also increase accordingly. To ease up the ownership experience furthermore, the carmaker will offer 3 more options to repay the EMI.
Customers can pay their last EMI of Rs. 90,000 in full (Valid for a loan amount of Rs. 5.00 lakh) to get the ownership of the vehicle.
Customers can return the vehicle to the financing partner.
Customer can also refinance the final bullet EMI.
Tiago is the smallest offering from Indian carmaker. It has recently been updated with a BS-6 compliant engine and some cosmetic enhancements Powering the Tiago is a 1.2L 3-pot petrol motor that delivers a peak power output of 8S PS and maximum torque of 113 Nm. Sadly it now misses out on the diesel engine that it was earlier offered with. The gearbox options with the petrol motor include a 5-speed MT and a 5-speed AMT.
Tata Tiago facelift is available with a 1.2-litre three-pot petrol engine that can be had either with a 5-speed manual transmission or a 5-speed AMT
Tata Motors has named the finance scheme as ‘Keys to Safety’ in correlation with Tiago’s 4-star GNCAP crash test rating. The carmaker is also offering benefits of up to Rs. 45,000 on its product range for the frontline workers. For normal consumers, Tata is financing 100 per cent value of the on-road price of the car. An extended tenure of up to 8 years is also offered as an option.