The EMI for the Tata Tiago EV varies based on the variant and loan terms. Here are some key details:

For the Tata Tiago EV XE Medium Range, the EMI can start at ?16,201 per month for a 5-year loan at an 8% interest rate, with a down payment of ?36,901. The on-road price for this variant is approximately ?8.35 lakh[5).

For other variants, the EMIs are as follows: - XT Medium Range: ?18,228 per month with a down payment of ?39,209 and an on-road price of ?9.38 lakh. - XT Long Range: ?20,560 per month with a down payment of ?51,888 and an on-road price of ?10.65 lakh. - XZ Plus Tech LUX Long Range: ?22,588 per month with a down payment of ?55,096 and an on-road price of ?11.69 lakh.

The down payment generally covers the difference between the on-road price and the loan amount, with lenders typically financing up to 90% of the on-road price. For example, for the XE Medium Range, the loan amount could be ?7.99 lakh, requiring a down payment of ?36,901[5).

To apply for a loan for the Tata Tiago EV, you can follow these steps: - Visit the website of the lender, such as Tata Motors E-Finance, ICICI Bank, or HDFC Bank, and fill out the online application form. - Provide essential documents which typically include proof of identity , address proof , and income proof . - For salaried individuals, you will need a valid passport, driving license, voter ID, or other government-issued ID, along with the latest salary slip and Form 16. Self-employed individuals need to provide audited balance sheets, profit & loss accounts, and company ITR for the previous two years. - Submit the required documents online or through the lender's branch, and wait for the loan approval, which can be received in a matter of hours depending on the accuracy of the information provided. - Some lenders, like Finnable, offer zero down payment options and flexible repayment tenures ranging from 6 to 36 months, with competitive interest rates starting from as low as 9.1% per annum.