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      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.

      Mahindra Marazzo
      MahindraMarazzo₹ 17.60 - 20.51 Lakh

      Variant

      M2 7 STR

      Right Arrow

      City

      Mumbai

      Right Arrow

      Adjust Marazzo Car Loan Parameters

      On-Road Price

      ₹ 17,60,289

      Marazzo M2 7 STR EMI

      29,591 for 5 Years

      %

      Mahindra Marazzo M2 7 STR Car Loan EMI

      On-Road Price₹ 17,60,289
      Ex-Showroom Price₹ 1459400
      Max Loan Amount₹ 1459400
      Down Payment as per your Selectiont₹ 3,00,889
      Loan Amount₹ 14,59,400
      EMI Amount 29,591
      Interest Component3,16,060(17.8%)
      Principal Component14,59,400(82.2%)
      Total Payable over 5 Years17,75,460
      Note: This doesn't include bank processing fee.

      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.

      MonthsPrincipal PaidInterest PaidBalance 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 MumbaiMin Down PaymentEMI
      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

      Mahindra Marazzo
      Mahindra Marazzo
      ₹ 17.60 - 20.51 Lakh On-Road Price, Mumbai

      Marazzo EMI FAQs

      ₹ 29,591.
      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.
      The cheapest Marazzo model is M2 7 STR which is priced at ₹ 17,60,289 in Mumbai. You will need to pay at least a ₹ 3,00,889 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 Marazzo.
      VersionOn-road price in MumbaiMax 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.

      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 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.