Mahindra Marazzo Car Loan EMI Calculator
Mahindra Marazzo EMI starts at 29,591 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 3.01 Lakh. Mahindra Marazzo price starts at ₹ 17.60 Lakh and goes up to ₹ 20.51 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.
Variant
M2 7 STR
City
Mumbai
Adjust Marazzo Car Loan Parameters
On-Road Price
₹ 17,60,289₹ 29,591 for 5 Years
Mahindra Marazzo 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 | ₹ 2,47,283 | ₹ 1,07,809 | ₹ 12,12,117 |
24 | ₹ 2,67,807 | ₹ 87,285 | ₹ 9,44,310 |
36 | ₹ 2,90,036 | ₹ 65,056 | ₹ 6,54,274 |
48 | ₹ 3,14,108 | ₹ 40,984 | ₹ 3,40,166 |
60 | ₹ 3,40,166 | ₹ 14,912 | ₹ 0 |
Mahindra Marazzo EMI
Mahindra Marazzo Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 3,00,889
On-Road Price in Mumbai | Min Down Payment | EMI |
---|---|---|
M2 7 STR ₹ 17,60,289 | ₹3,00,889 | ₹29,591 |
M2 8 STR ₹ 17,60,289 | ₹3,00,889 | ₹29,591 |
M4 Plus 7 STR ₹ 19,14,973 | ₹3,28,972 | ₹32,158 |
M4 Plus 8 STR ₹ 19,24,727 | ₹3,30,527 | ₹32,325 |
M6 Plus 7 STR ₹ 20,41,071 | ₹3,49,070 | ₹34,308 |
M6 Plus 8 STR ₹ 20,50,825 | ₹3,50,625 | ₹34,474 |
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Explore more about Mahindra Marazzo
Marazzo EMI FAQs
Here is how - Mahindra Marazzo price starts from ₹ 17,60,289 in Mumbai. If you pay a down payment of ₹ 3,00,889 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 29,591.
Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.
Version | On-road price in Mumbai | Max Loan |
---|---|---|
M2 7 STR | ₹ 17,60,289 | ₹ 14,59,400 |
M2 8 STR | ₹ 17,60,289 | ₹ 14,59,400 |
M4 Plus 7 STR | ₹ 19,14,973 | ₹ 15,86,001 |
M4 Plus 8 STR | ₹ 19,24,727 | ₹ 15,94,200 |
M6 Plus 7 STR | ₹ 20,41,071 | ₹ 16,92,001 |
M6 Plus 8 STR | ₹ 20,50,825 | ₹ 17,00,200 |
As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.
- 1. If you select a higher tenure loan, let's say 7 years, your EMI for Marazzo M2 7 STR will be ₹ 27,436 but you will have to pay interest of ₹ 8,45,224 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 ₹ 55,161, but your interest payment will be only ₹ 5,26,396 over the 3 years period.