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Mahindra Bolero Neo Car Loan EMI Calculator

Mahindra Bolero Neo
Mahindra Bolero Neo 12.96 - 16.62 Lakh
Versions N4
City Mumbai

Adjust Bolero Neo Car Loan Parameters

18,837 EMI for 5 Years
On-Road Price
12,96,358
Down Payment
Loan Tenure
Loan Interest Rate
%

Mahindra Bolero Neo N4 Car Loan EMI

On-Road Price ₹12,96,358
Ex-Showroom Price ₹9,29,000
Max Loan Amount ₹9,29,000
Down Payment as per
your Selection
3,67,358
Loan Amount 9,29,000
EMI Amount 18,837
Interest Component 2,01,220 (17.8%)
Principal Component 9,29,000 (82.2%)
Total Payable over 5 Years 11,30,220
Note: This doesn't include bank processing fee.

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 ₹1,57,410 ₹68,631 ₹7,71,590
24 ₹1,70,475 ₹55,566 ₹6,01,115
36 ₹1,84,624 ₹41,417 ₹4,16,491
48 ₹1,99,948 ₹26,093 ₹2,16,543
60 ₹2,16,543 ₹9,498 ₹0

Mahindra Bolero Neo EMI

Mahindra Bolero Neo Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹3.67 Lakh

On-Road Price in Mumbai Down Payment EMI
N4
₹12,96,358
3,67,358 18,837
N8
₹13,93,577
3,93,582* 20,276
N10
₹15,52,736
4,52,742* 22,304
N10 (O)
₹16,61,827
4,83,328* 23,896

FAQ’s

₹18,837.

Here is how - Mahindra Bolero Neo price starts from ₹12,96,358 in Mumbai. If you pay a down payment of ₹3,67,358 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹18,837.

The cheapest Bolero Neo model is N4 which is priced at ₹18,837 in Delhi.

You will need to pay at least a ₹2,50,467 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 Bolero Neo.

VersionOn-road price MumbaiMax Loan
N41296358929000
N81393577999995
N1015527361099994
N10 (O)16618271178499

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 Bolero Neo will be ₹14,480 but you will have to pay interest of ₹2,87,320 over the period of 7 years.

2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹36,930, but your interest payment will be only ₹1,50,981 over the period of 3 years period.

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