Mahindra Scorpio N Car Loan EMI Calculator

₹ 28,371.
Here is how - Mahindra Scorpio N price starts from ₹ 16,73,710 in Mumbai. If you pay a down payment of ₹ 2,74,510 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 28,371.

The cheapest Scorpio N model is Z2 Petrol MT 7 STR which is priced at ₹ 16,73,710 in Mumbai. You will need to pay at least a ₹ 2,74,510 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 Scorpio N.

Version	On-road price in Mumbai	Max Loan
Z2 Petrol MT 7 STR	₹ 16,73,710	₹ 13,99,200
Z2 Petrol MT 7 STR (ESP)	₹ 17,22,176	₹ 14,35,199
Z4 Petrol MT 7 STR	₹ 18,66,331	₹ 15,63,699
Z4 Petrol MT 7 STR (ESP)	₹ 19,17,710	₹ 15,98,700
Z4 Petrol AT 7 STR	₹ 20,49,589	₹ 17,20,200
Z2 Diesel MT 7 STR	₹ 17,56,817	₹ 14,39,700
Z2 Diesel MT 7 STR (ESP)	₹ 18,16,383	₹ 14,89,699
Z4 Diesel MT 2WD 7 STR	₹ 19,51,634	₹ 15,99,800
Z4 Diesel MT 2WD 7 STR (ESP)	₹ 20,11,199	₹ 16,49,798
Z6 Diesel MT 2WD 7 STR	₹ 20,61,807	₹ 17,01,000
Z4 Diesel AT 2WD 7 STR	₹ 21,44,249	₹ 17,70,200
Z4 Diesel MT 4WD 7 STR	₹ 21,98,575	₹ 18,15,800
Z6 Diesel AT 2WD 7 STR	₹ 22,62,670	₹ 18,69,600
Z4 Diesel MT 4WD 7 STR (ESP)	₹ 22,68,535	₹ 18,65,799
Z8 Petrol MT 7 STR	₹ 22,59,426	₹ 18,99,400
Z8 L Petrol MT 7 STR	₹ 24,79,713	₹ 20,69,499
Z8 Petrol AT 7 STR	₹ 24,56,682	₹ 20,50,000
Z8 L Petrol MT 6 STR	₹ 25,08,415	₹ 20,93,799
Z8 L Petrol AT 7 STR	₹ 26,47,085	₹ 22,11,200
Z8 L Petrol AT 6 STR	₹ 26,68,937	₹ 22,29,700
Z8 Diesel MT 2WD 7 STR	₹ 23,52,142	₹ 19,44,700
Z8 L Diesel MT 2WD 7 STR	₹ 25,70,474	₹ 21,09,899
Z8 Diesel AT 2WD 7 STR	₹ 25,56,177	₹ 20,98,000
Z8 L Diesel MT 2WD 6 STR	₹ 26,11,209	₹ 21,43,800
Z8 Diesel MT 4WD 7 STR	₹ 26,20,701	₹ 21,51,700
Z8 L Diesel AT 2WD 7 STR	₹ 27,46,144	₹ 22,56,100
Z8 L Diesel AT 2WD 6 STR	₹ 27,74,501	₹ 22,79,700
Z8 L Diesel MT 4WD 7 STR	₹ 28,14,633	₹ 23,13,100
Z8 Diesel AT 4WD 7 STR	₹ 28,27,848	₹ 23,24,099
Z8 L Diesel AT 4WD 7 STR	₹ 30,02,075	₹ 24,69,099
Z8 Select Petrol MT	₹ 20,65,748	₹ 17,34,000
Z8 Select Petrol AT	₹ 22,41,393	₹ 18,84,000
Z8 Select Diesel AT 2WD	₹ 23,39,395	₹ 19,34,001
Z8 Diesel AT 4WD 7 STR Carbon Edition	₹ 28,62,273	₹ 23,44,099
Z8 Diesel MT 4WD 7 STR Carbon Edition	₹ 26,55,126	₹ 21,71,700
Z8 Diesel AT 2WD 7 STR Carbon Edition	₹ 25,90,602	₹ 21,18,000
Z8 Petrol AT 7 STR Carbon Edition	₹ 24,90,696	₹ 20,69,998
Z8 Diesel MT 2WD 7 STR Carbon Edition	₹ 23,86,360	₹ 19,64,699
Z8 Petrol MT 7 STR Carbon Edition	₹ 22,93,238	₹ 19,19,400
Z8 L Diesel AT 4WD 7 STR Carbon Edition	₹ 30,36,500	₹ 24,89,099
Z8 L Diesel MT 4WD 7 STR Carbon Edition	₹ 28,49,056	₹ 23,33,099
Z8 L Diesel AT 2WD 7 STR Carbon Edition	₹ 27,80,567	₹ 22,76,099
Z8 L Petrol AT 7 STR Carbon Edition	₹ 26,81,100	₹ 22,31,199
Z8 L Diesel MT 2WD 7 STR Carbon Edition	₹ 26,04,898	₹ 21,29,899
Z8 L Petrol MT 7 STR Carbon Edition	₹ 25,13,729	₹ 20,89,499

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 Scorpio N Z2 Petrol MT 7 STR will be ₹ 26,087 but you will have to pay interest of ₹ 7,92,108 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 ₹ 52,448, but your interest payment will be only ₹ 4,88,928 over the 3 years period.

₹ 28,371
Mahindra Scorpio N price starts from ₹ 16,73,710 in Mumbai.

We have considered
Down-payement : ₹ 2,74,510
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Scorpio N with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 5,58,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of Scorpio N starts from ₹ 16.74 Lakh, you can get a loan with an annual income as low as ₹ 5.58 lakh.

Here are the most important things you should consider while getting a car loan for a new Scorpio N

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.