Interest Component | ₹1,61,009 (17.8%) |
Principal Component | ₹7,43,371 (82.2%) |
Total Payable over 5 Years | ₹ 9,04,380 |
Versions Power Plus LX |
City Mumbai |
On-Road Price | ₹8,85,298 |
Ex-Showroom Price | ₹7,43,371 |
Max Loan Amount | ₹7,43,371 |
Down Payment as per your Selection |
₹1,41,927 |
Loan Amount | ₹7,43,371 |
EMI Amount | ₹15,073 |
Interest Component | ₹1,61,009 (17.8%) |
Principal Component | ₹7,43,371 (82.2%) |
Total Payable over 5 Years | ₹ 9,04,380 |
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 | ₹1,25,957 | ₹54,918 | ₹6,17,414 |
24 | ₹1,36,411 | ₹44,463 | ₹4,81,003 |
36 | ₹1,47,733 | ₹33,141 | ₹3,33,270 |
48 | ₹1,59,995 | ₹20,880 | ₹1,73,275 |
60 | ₹1,73,275 | ₹7,600 | ₹0 |
₹15,073.
Here is how - Mahindra Bolero price starts from ₹8,85,298 in Mumbai. If you pay a down payment of ₹1,41,927 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹15,073.
The cheapest Bolero model is Power Plus LX which is priced at ₹15,449 in Delhi.
You will need to pay at least a ₹1,16,636 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.
Version | On-road price Mumbai | Max Loan |
Power Plus LX | 885298 | 743371 |
EX NON AC BS4 | 919879 | 758040 |
Power Plus SLE | 923271 | 776550 |
EX AC BS4 | 963539 | 795402 |
Plus AC BS4 | 1017505 | 839016 |
SLE BS4 | 1018934 | 840239 |
Power Plus SLX | 1000534 | 842767 |
Power Plus ZLX | 1041841 | 878169 |
Plus NON AC BS4 | 967319 | 798636 |
SLX BS4 | 1084766 | 896574 |
B4 | 1284991 | 920700 |
ZLX BS4 | 1114222 | 921781 |
B6 | 1374406 | 985995 |
B6 (O) | 1436574 | 1016400 |
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 will be ₹11,586 but you will have to pay interest of ₹2,29,853 over the period of 7 years.
2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹31,850, but your interest payment will be only ₹1,30,200 over the period of 3 years period.
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