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Mahindra Bolero Car Loan EMI Calculator

Mahindra Bolero
Mahindra Bolero 8.85 - 14.37 Lakh
Versions Power Plus LX
City Mumbai

Adjust Bolero Car Loan Parameters

15,073 EMI for 5 Years
On-Road Price
8,85,298
Down Payment
Loan Tenure
Loan Interest Rate
%

Mahindra Bolero Power Plus LX Car Loan EMI

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
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.

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

Mahindra Bolero EMI

Mahindra Bolero Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹1.42 Lakh

On-Road Price in Mumbai Down Payment EMI
B4
₹12,84,991
3,64,291* 18,668
B6
₹13,74,406
3,88,411* 19,992
B6 (O)
₹14,36,574
4,20,174* 20,609

FAQ’s

₹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.

VersionOn-road price MumbaiMax Loan
Power Plus LX885298743371
EX NON AC BS4919879758040
Power Plus SLE923271776550
EX AC BS4963539795402
Plus AC BS41017505839016
SLE BS41018934840239
Power Plus SLX1000534842767
Power Plus ZLX1041841878169
Plus NON AC BS4967319798636
SLX BS41084766896574
B41284991920700
ZLX BS41114222921781
B61374406985995
B6 (O)14365741016400

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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