Tata Tiago Wizz Limited Edition Arrives the Showroom at Price of ₹4.52 Lakhs, EMI Starts from 6K

Tata Tiago Wizz Limited Edition EMI

Home-grown automaker Tata Motors has recently launched Wizz, a special edition of its popular hatchback Tiago. The ex-showroom price of Tata Tiago Wizz is ₹4.52 Lakhs for Petrol and ₹5.30 lakhs for diesel variant. The petrol variant will be powered by a 1.2-litre, 3-cylinder Revotron engine, while the diesel version runs on the back of a 1.05-litre, 3-cylinder Revotorq engine. The diesel variant generates 69 bhp of power at 4,000 rpm and 140 Nm of torque at 1,800-3,000 rpm. On the other hand, the petrol version produces 83.8 bhp power at 6,000 rpm and 114Nm torque at 3,500 rpm, which stands for revolutions per minute.

The launch is in line with the company’s strategy to make most of the festive demand. So, do you want to buy Wizz this festive season? Then, apply for a car loan and pay off the same in easy installments. The EMI starts from ₹6,736, which can fit into the pocket of those earning 30,000 and more. Generally, a lender can disburse a car loan at 85%-90% of the on-road price, which includes ex-showroom price, RTO, insurance and others into the calculation. The loan amount disbursal is also dependent on the income and repayment potential of a borrower. As far as interest rates are concerned, they can be anywhere between 8.75%-12% per annum. The maximum tenure of a car loan is upto 7 years across the lenders in India.

Tata Tiago Wizz Limited Edition EMI Options and Price in India

Note – The EMI calculation is made on the basis of 8.75%-12% interest rate and keeping a tenure of 7 years, while the expected loan amount is equivalent to 85%-90% of the on-road price of the vehicles. The ex-showroom and on-road, as stated in the table, pertains to the Wizz models in New Delhi. So, if you buy from other cities, the ex-showroom and on-road price will differ.

A Quick Look at Processing Fee and Other Charges Pertaining to Loan

Processing fee, as the name suggests, is an amount charged by a lender to process the loan. A car loan processing fee can be anywhere between 1%-2% of the loan amount. However, the good news is that the lenders are either trimming the fee or have waived off entirely to tap into the festive season demand. State Bank of India (SBI), the country’s largest lender with over 25,000 branches, has waived off the processing fee entirely till December 31, 2017. Another public lender Bank of Maharashtra (BoM) has also waived off the fee till December, 2017, as part of its festive offers. With the days for festivals like Dussehra and Diwali approaching near, chances are that other lenders could also come with such offers on a car loan to boost their credit cycle in the next 2-3 months.

You also have an option to prepay the loan before the expiry of the tenure. This, in the loan terminology, is called as prepayment, which comes with a fee though. Normally, the lenders keep the prepayment charge at around 2%-5% of the outstanding balance. However, you can find a bank or two which won’t charge on prepayment.

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Exciting Features of Tata Tiago Wizz at Your Fingertips

Wizz is studded with exciting features to make your ride a memorable one each time. Want to read out those features? Then, glance at the points below.

  • Contrast black roof and spoiler
  • Dual-tone wheel cover
  • Accent and red grill highlights at front
  • Black ORVMs
  • A blacked-out B-pillar
  • Wizz badging in the rear
  • Piano-black finish
  • Front & rear power windows
  • Rear parking sensors
  • Bluetooth connectivity
  • Remote central locking
  • Harman infotainment system

Address of Tata Tiago Wizz Showrooms in India

Name of the ShowroomAddressContact Number
Concorde MotorsPlot No. 88, F.I.E Patparganj, Industrial Area, New Delhi, Delhi - 110092

B - 35,36,37, Parsvnath Metro Mall Akshardham Metro Station, New Delhi, Delhi 110092

Tuli MotorsB-72/4, Wazirpur Industrial Area, New Delhi, Delhi - 110052011-47330333, 7838382500
Pahwa Auto WorldMCTC Exim, A-2/5, Safdurjung Enclave, New Delhi, Delhi - 110029011-41658555, 9599889561
Autovikas Sales26/3-4, Najafgarh Road Industrial Area, Shivaji Marg, New Delhi, Delhi - 110015

K-1, Matiala Road, Rajapuri Dwarka, Opposite Sec-5, New Delhi, Delhi - 110075
011-49050505, 88261 00237

Concorde MotorsAccord Nidhi Building, Shop No 4, Beside Palm Spring Complex, Link Road, Malad West, Mumbai, Maharashtra - 400064

Lloyds Centre Point, Appasaheb Marathe Marg, Prabhadevi, Mumbai, Maharashtra - 400025
022-67162500, 7710066963

022-67162400, 9223138017
Wasan MotorsUnit 3 & 4, Blue Rose Industrial Estate, Western Express Highway, Borivali (East), Mumbai, Maharashtra - 400066

Wasan House, 4, Swastik Park Sion Trombay Road, Chembur, Mumbai, Maharashtra - 400071

Deogiri Auto59 A/B, S.V. Road, Near Amboli Naka Next To Bharat Petrol Pump, Next To Bharat Petrol Pump , Mumbai, Maharashtra - 400102022-42341111
Marigold CarsShop No. 3, Gundecha Heights Altura Chs Ltd, Kanjurmarg West, Mumbai, Maharashtra - 400078022-25770077, 9820448204
Concorde MotorsUthkarsha, No. 4112, K.R. Road, Banasankari 2Nd Stage, Bangalore, Karnataka - 560070

No 26/2 & 27/2, Mysore Road, Adjacent To R.T.O Office, Before R.V. College Of Engineering, Bangalore, Karnataka - 560059

KHT MotorsNo. 736, Vijayalakshmi Square, Kundanahalli Main Road, Bangalore, Karnataka - 560066

Sh Shreya, No.5, Intermediate Ring Road Amar Jyoti Layout, Domlur, Bangalore, Karnataka - 560071

Prerana Motors116, Pride Hulkul, Lalbagh Road, Bangalore, Karnataka - 560027

1st Phase, 27th Main,Ring Road, BTM Layout, Opposite Gangothiri Hospital, Bangalore, Karnataka 560068
080-41135105, 9686698062

Aadya MotorsEbony Automobiles, Survey No 56, Opposite Lumbini Garden, Ring Road, Nagawara, Bangalore, Karnataka - 560045080-43250000, 9480839039
Concorde MotorsNo.42, Velachery Road Guindy, Chennai, Tamil Nadu - 600032

No. 79-80, Ambattur Industrial Estate Wavin Bus Stand, Ambattur, Chennai, Tamil Nadu - 600058

Tafe AccessDoor No 48, Ground Floor Natwest Vijay Velachery Tambaram Main Road, Pallikaranai, Chennai, Tamil Nadu - 600100044-42282000
Gurudev MotorsOld No 90, New Number 1090 E.V.R. Periyar High Road, Arumbakkam, Chennai, Tamil Nadu 6001069941544000
VST MotorsNo.1, Sambandan Street T Nagar, Chennai, Tamil Nadu - 6000179003147130
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