Mahindra Xylo Car Loan EMI Calculator

₹ 18,003.
Here is how - Mahindra Xylo price starts from ₹ 10,25,254 in Chennai. If you pay a down payment of ₹ 1,37,361 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 18,003.

The cheapest Xylo model is D2 BS-III which is priced at ₹ 10,25,254 in Chennai. You will need to pay at least a ₹ 1,37,361 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 Xylo.

Version	On-road price in Chennai	Max Loan
D2 BS-IV	₹ 11,28,964	₹ 9,59,017
D4 BS-IV	₹ 11,75,212	₹ 9,99,637
D2 BS-III	₹ 10,25,254	₹ 8,87,893
D4 BS-III	₹ 10,77,768	₹ 9,34,055
H4 BS IV	₹ 11,75,051	₹ 9,99,496
H8 ABS BS IV	₹ 12,33,392	₹ 10,28,728
H9 BS IV	₹ 13,96,403	₹ 11,66,896
H4 ABS Airbag BS IV	₹ 11,75,288	₹ 9,99,704
H8 ABS Airbag BS IV	₹ 14,91,641	₹ 12,16,139

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 Xylo D2 BS-III will be ₹ 15,980 but you will have to pay interest of ₹ 4,54,427 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 ₹ 32,128, but your interest payment will be only ₹ 2,68,715 over the 3 years period.

₹ 18,003
Mahindra Xylo price starts from ₹ 10,25,254 in Chennai.

We have considered
Down-payement : ₹ 1,37,361
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,42,000

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 Xylo starts from ₹ 10.25 Lakh, you can get a loan with an annual income as low as ₹ 3.42 lakh.

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

• 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.