Mahindra Bolero Neo Car Loan EMI Calculator
Mahindra Bolero Neo EMI starts at 20,167 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 1.06 Lakh. Mahindra Bolero Neo price starts at ₹ 11.01 Lakh and goes up to ₹ 13.52 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.
Variant
N4
City
Ahmedabad
Adjust Bolero Neo Car Loan Parameters
On-Road Price
₹ 11,00,781₹ 20,167 for 5 Years
Mahindra Bolero Neo Loan Repayment Schedule
This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.
Months | Principal Paid | Interest Paid | Balance Loan |
---|---|---|---|
12 | ₹ 1,68,531 | ₹ 73,473 | ₹ 8,26,069 |
24 | ₹ 1,82,521 | ₹ 59,483 | ₹ 6,43,548 |
36 | ₹ 1,97,671 | ₹ 44,333 | ₹ 4,45,877 |
48 | ₹ 2,14,077 | ₹ 27,927 | ₹ 2,31,800 |
60 | ₹ 2,31,800 | ₹ 10,159 | ₹ 0 |
Mahindra Bolero Neo EMI
Mahindra Bolero Neo Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 1,06,181
On-Road Price in Ahmedabad | Min Down Payment | EMI |
---|---|---|
N4 ₹ 11,00,781 | ₹1,06,181 | ₹20,167 |
N8 ₹ 11,86,337 | ₹1,22,536 | ₹21,570 |
N10 ₹ 12,77,786 | ₹1,30,286 | ₹23,267 |
N10 (O) ₹ 13,52,083 | ₹1,36,583 | ₹24,646 |
Check Car Loan EMIs of Mahindra Bolero Neo Similar Cars
₹ 13.04 - 14.26 Lakh
On-Road Price, Ahmedabad
₹ 11.04 - 12.16 Lakh
On-Road Price, Ahmedabad
₹ 9.70 - 14.58 Lakh
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₹ 12.15 - 15.93 Lakh
On-Road Price, Ahmedabad
₹ 15.84 - 20.14 Lakh
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₹ 11.74 - 21.82 Lakh
On-Road Price, Ahmedabad
₹ 9.04 - 15.28 Lakh
On-Road Price, Ahmedabad
₹ 9.30 - 15.81 Lakh
On-Road Price, Ahmedabad
₹ 9.07 - 17.54 Lakh
On-Road Price, Ahmedabad
Explore more about Mahindra Bolero Neo
Bolero Neo EMI FAQs
Here is how - Mahindra Bolero Neo price starts from ₹ 11,00,781 in Ahmedabad. If you pay a down payment of ₹ 1,06,181 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 20,167.
Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.
Version | On-road price in Ahmedabad | Max Loan |
---|---|---|
N4 | ₹ 11,00,781 | ₹ 9,94,600 |
N8 | ₹ 11,86,337 | ₹ 10,63,801 |
N10 | ₹ 12,77,786 | ₹ 11,47,500 |
N10 (O) | ₹ 13,52,083 | ₹ 12,15,500 |
As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.
- 1. If you select a higher tenure loan, let's say 7 years, your EMI for Bolero Neo N4 will be ₹ 17,157 but you will have to pay interest of ₹ 4,46,588 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 ₹ 34,494, but your interest payment will be only ₹ 2,47,184 over the 3 years period.