Mahindra Xylo Car Loan EMI Calculator

₹ 18,427.
Here is how - Mahindra Xylo price starts from ₹ 10,08,139 in Kolkata. If you pay a down payment of ₹ 99,342 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 18,427.

The cheapest Xylo model is D2 BS-III which is priced at ₹ 10,08,139 in Kolkata. You will need to pay at least a ₹ 99,342 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 Kolkata	Max Loan
D2 BS-IV	₹ 10,90,759	₹ 9,74,108
D4 BS-IV	₹ 11,42,163	₹ 10,14,728
D2 BS-III	₹ 10,08,139	₹ 9,08,797
D4 BS-III	₹ 10,59,060	₹ 9,55,403
H4 BS IV	₹ 11,85,152	₹ 10,42,711
H8 ABS BS IV	₹ 11,59,780	₹ 10,46,561
H9 BS IV	₹ 13,20,978	₹ 11,90,364
H4 ABS Airbag BS IV	₹ 12,08,987	₹ 10,76,277
H8 ABS Airbag BS IV	₹ 13,83,723	₹ 12,37,233

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 ₹ 15,713 but you will have to pay interest of ₹ 4,11,095 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 ₹ 31,591, but your interest payment will be only ₹ 2,28,479 over the 3 years period.

₹ 18,427
Mahindra Xylo price starts from ₹ 10,08,139 in Kolkata.

We have considered
Down-payement : ₹ 99,342
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 ₹ 3,37,000

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 ₹ 10.08 Lakh, you can get a loan with an annual income as low as ₹ 3.37 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.