Mahindra XUV500 Car Loan EMI Calculator

₹ 25,280.
Here is how - Mahindra XUV500 price starts from ₹ 14,08,452 in Durgapur. If you pay a down payment of ₹ 1,61,706 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 25,280.

The cheapest XUV500 model is W3 which is priced at ₹ 14,08,452 in Durgapur. You will need to pay at least a ₹ 1,61,706 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 Durgapur	Max Loan
G AT	₹ 18,29,625	₹ 16,26,003
W5 [2018-2020]	₹ 14,74,621	₹ 13,06,900
W7 [2018-2020]	₹ 16,14,576	₹ 14,34,136
W7 AT [2018-2020]	₹ 17,51,866	₹ 15,55,311
W9 [2018-2020]	₹ 18,06,265	₹ 16,04,766
W9 AT [2018-2020]	₹ 19,39,555	₹ 17,25,941
W11	₹ 19,46,376	₹ 17,32,142
W11 AT	₹ 20,79,767	₹ 18,53,409
W11(O) [2018-2020]	₹ 19,73,875	₹ 17,57,142
W11 (O) AT	₹ 21,07,265	₹ 18,78,409
W11 (O) AWD	₹ 20,96,158	₹ 18,68,311
W11 (O) AWD AT	₹ 22,24,122	₹ 19,88,175
W3	₹ 14,08,452	₹ 12,46,746
W5	₹ 16,27,898	₹ 14,40,346
W7	₹ 17,75,839	₹ 15,70,907
W9	₹ 19,68,621	₹ 17,45,771
W11 Opt	₹ 21,40,782	₹ 19,01,929
W7 AT	₹ 19,09,386	₹ 16,92,042
W9 AT	₹ 21,02,164	₹ 18,66,900
W11 Opt AT	₹ 22,74,438	₹ 20,23,162

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 ₹ 21,952 but you will have to pay interest of ₹ 5,97,222 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 ₹ 44,136, but your interest payment will be only ₹ 3,42,150 over the 3 years period.

₹ 25,280
Mahindra XUV500 price starts from ₹ 14,08,452 in Durgapur.

We have considered
Down-payement : ₹ 1,61,706
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 ₹ 4,70,000

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 ₹ 14.08 Lakh, you can get a loan with an annual income as low as ₹ 4.70 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.