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Mahindra Marazzo Car Loan EMI Calculator

Mahindra Marazzo
Mahindra Marazzo 18.55 - 21.73 Lakh
Versions M2 7 STR
City Mumbai

Adjust Marazzo Car Loan Parameters

26,714 EMI for 5 Years
On-Road Price
18,54,982
Down Payment
Loan Tenure
Loan Interest Rate
%

Mahindra Marazzo M2 7 STR Car Loan EMI

On-Road Price ₹18,54,982
Ex-Showroom Price ₹13,17,499
Max Loan Amount ₹13,17,499
Down Payment as per
your Selection
5,37,483
Loan Amount 13,17,499
EMI Amount 26,714
Interest Component 2,85,341 (17.8%)
Principal Component 13,17,499 (82.2%)
Total Payable over 5 Years 16,02,840
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.

Months Principal Paid Interest Paid Balance Loan
12 ₹2,23,237 ₹97,332 ₹10,94,262
24 ₹2,41,766 ₹78,804 ₹8,52,496
36 ₹2,61,832 ₹58,737 ₹5,90,664
48 ₹2,83,564 ₹37,005 ₹3,07,100
60 ₹3,07,100 ₹13,470 ₹0

Mahindra Marazzo EMI

Mahindra Marazzo Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹5.37 Lakh

On-Road Price in Mumbai Down Payment EMI
M2 7 STR
₹18,54,982
5,37,483 26,714
M2 8 STR
₹18,54,982
5,37,483 26,714
M4 Plus 7 STR
₹20,19,513
5,83,613* 29,115
M4 Plus 8 STR
₹20,30,904
5,86,806* 29,281
M6 Plus 7 STR
₹21,61,857
6,26,458* 31,132
M6 Plus 8 STR
₹21,73,250
6,29,652* 31,299

FAQ’s

₹26,714.

Here is how - Mahindra Marazzo price starts from ₹18,54,982 in Mumbai. If you pay a down payment of ₹5,37,483 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹26,714.

The cheapest Marazzo model is M2 7 STR which is priced at ₹26,714 in Delhi.

You will need to pay at least a ₹4,67,242 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 MumbaiMax Loan
M2 7 STR18549821317499
M2 8 STR18549821317499
M4 Plus 7 STR20195131435900
M4 Plus 8 STR20309041444098
M6 Plus 7 STR21618571535399
M6 Plus 8 STR21732501543598

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 will be ₹20,535 but you will have to pay interest of ₹4,07,441 over the period of 7 years.

2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹48,371, but your interest payment will be only ₹1,97,758 over the period of 3 years period.

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