Mahindra XUV500 Car Loan EMI Calculator

₹ 24,950.
Here is how - Mahindra XUV500 price starts from ₹ 14,33,636 in Dhamtari. If you pay a down payment of ₹ 2,03,148 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 24,950.

The cheapest XUV500 model is W3 which is priced at ₹ 14,33,636 in Dhamtari. You will need to pay at least a ₹ 2,03,148 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for XUV500.

Version	On-road price in Dhamtari	Max Loan
G AT	₹ 18,68,083	₹ 16,09,745
W5 [2018-2020]	₹ 15,01,909	₹ 12,90,642
W7 [2018-2020]	₹ 16,46,319	₹ 14,17,878
W7 AT [2018-2020]	₹ 17,87,850	₹ 15,39,053
W9 [2018-2020]	₹ 18,43,980	₹ 15,88,508
W9 AT [2018-2020]	₹ 19,81,510	₹ 17,09,683
W11	₹ 19,88,548	₹ 17,15,884
W11 AT	₹ 21,26,184	₹ 18,37,151
W11(O) [2018-2020]	₹ 20,16,923	₹ 17,40,884
W11 (O) AT	₹ 21,54,558	₹ 18,62,151
W11 (O) AWD	₹ 21,43,096	₹ 18,52,053
W11 (O) AWD AT	₹ 22,79,137	₹ 19,71,916
W3	₹ 14,33,636	₹ 12,30,488
W5	₹ 16,59,161	₹ 14,23,511
W7	₹ 18,11,672	₹ 15,54,073
W9	₹ 20,10,574	₹ 17,28,936
W11 Opt	₹ 21,88,199	₹ 18,85,094
W7 AT	₹ 19,49,459	₹ 16,75,207
W9 AT	₹ 21,48,355	₹ 18,50,065
W11 Opt AT	₹ 23,26,099	₹ 20,06,327

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for XUV500 W3 will be ₹ 22,345 but you will have to pay interest of ₹ 6,46,492 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 44,925, but your interest payment will be only ₹ 3,86,812 over the 3 years period.

₹ 24,950
Mahindra XUV500 price starts from ₹ 14,33,636 in Dhamtari.

We have considered
Down-payement : ₹ 2,03,148
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XUV500 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,78,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of XUV500 starts from ₹ 14.34 Lakh, you can get a loan with an annual income as low as ₹ 4.78 lakh.

Here are the most important things you should consider while getting a car loan for a new XUV500

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.