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      Mahindra Bolero Car Loan EMI Calculator

      Mahindra Bolero EMI starts at 20,228 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 1.93 Lakh. Mahindra Bolero price starts at ₹ 11.91 Lakh and goes up to ₹ 13.22 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.

      Mahindra Bolero
      MahindraBolero₹ 11.91 - 13.22 Lakh

      Variant

      B4

      Right Arrow

      City

      Mumbai

      Right Arrow

      Adjust Bolero Car Loan Parameters

      On-Road Price

      ₹ 11,90,778

      Bolero B4 EMI

      20,228 for 5 Years

      Down Payment
      Loan Tenure (Months)
      Bank Interest Rate
      %

      Mahindra Bolero B4 Car Loan EMI

      On-Road Price₹ 11,90,778
      Ex-Showroom Price₹ 997600
      Max Loan Amount₹ 997600
      Down Payment as per your Selectiont₹ 1,93,178
      Loan Amount₹ 9,97,600
      EMI Amount 20,228
      Interest Component2,16,080(17.8%)
      Principal Component9,97,600(82.2%)
      Total Payable over 5 Years12,13,680
      Note: This doesn't include bank processing fee.

      Mahindra Bolero 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.

      MonthsPrincipal PaidInterest PaidBalance Loan
      12₹ 1,69,042₹ 73,694₹ 8,28,558
      24₹ 1,83,075₹ 59,661₹ 6,45,483
      36₹ 1,98,267₹ 44,469₹ 4,47,216
      48₹ 2,14,726₹ 28,010₹ 2,32,490
      60₹ 2,32,490₹ 10,188₹ 0

      Mahindra Bolero EMI

      Mahindra Bolero Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 1,93,178

      On-Road Price in MumbaiMin Down PaymentEMI
      B4

      ₹ 11,90,778

      ₹1,93,178₹20,228
      B6

      ₹ 12,35,317

      ₹2,17,217₹20,643
      B6 (O)

      ₹ 13,21,563

      ₹2,30,963₹22,113

      Check Car Loan EMIs of Mahindra Bolero Similar Cars

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      Explore more about Mahindra Bolero

      Mahindra Bolero
      Mahindra Bolero
      ₹ 11.91 - 13.22 Lakh On-Road Price, Mumbai

      Bolero EMI FAQs

      ₹ 20,228.
      Here is how - Mahindra Bolero price starts from ₹ 11,90,778 in Mumbai. If you pay a down payment of ₹ 1,93,178 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 20,228.
      The cheapest Bolero model is B4 which is priced at ₹ 11,90,778 in Mumbai. You will need to pay at least a ₹ 1,93,178 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 Bolero.
      VersionOn-road price in MumbaiMax Loan
      B4₹ 11,90,778₹ 9,97,600
      B6₹ 12,35,317₹ 10,18,100
      B6 (O)₹ 13,21,563₹ 10,90,600

      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 Bolero B4 will be ₹ 18,560 but you will have to pay interest of ₹ 5,61,440 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 ₹ 37,315, but your interest payment will be only ₹ 3,45,740 over the 3 years period.