Now let’s talk about the scheme through which we can buy a brand new Tata Tiago EV for just Rs 1 lakh. The price of XE variant of Tata Tiago EV is Rs 8,69,000 while its on-road price is Rs 9,05,345. If we make a down payment of Rs 1 lakh then the loan amount would be Rs 8,05,345 on which an annual interest of 9.8 percent would have to be paid. According to the EMI calculator, if the installment is given for 5 years i.e. 60 months, then we can easily buy Tata Tiago EV by paying Rs 17,032 per month. But keep in mind that it is very important for your CIBIL score to be good for a car loan.