Mahindra Xylo Car Loan EMI Calculator

₹ 17,965.
Here is how - Mahindra Xylo price starts from ₹ 8,86,026 in Raigad. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 17,965.

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

Version	On-road price in Raigad	Max Loan
D2 BS-IV	₹ 11,39,652	₹ 9,44,422
D4 BS-IV	₹ 11,87,076	₹ 9,85,043
H4 BS IV	₹ 12,26,065	₹ 10,03,399
H4 ABS Airbag BS IV	₹ 12,65,842	₹ 10,36,967
H8 ABS Airbag BS IV	₹ 14,53,993	₹ 11,95,747

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 ₹ 13,810 but you will have to pay interest of ₹ 2,74,014 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 ₹ 27,765, but your interest payment will be only ₹ 1,13,514 over the 3 years period.

₹ 17,965
Mahindra Xylo price starts from ₹ 8,86,026 in Raigad.

We have considered
Down-payement : ₹ 0
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 ₹ 2,96,000

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 ₹ 8.86 Lakh, you can get a loan with an annual income as low as ₹ 2.96 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.