Mahindra Scorpio N Car Loan EMI Calculator

₹ 27,580.
Here is how - Mahindra Scorpio N price starts from ₹ 16,34,355 in Mumbai. If you pay a down payment of ₹ 2,74,155 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 27,580.

The cheapest Scorpio N model is Z2 Petrol MT 7 STR which is priced at ₹ 16,34,355 in Mumbai. You will need to pay at least a ₹ 2,74,155 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	₹ 16,34,355	₹ 13,60,200
Z2 Petrol MT 7 STR (ESP)	₹ 16,92,904	₹ 14,10,200
Z4 Petrol MT 7 STR	₹ 18,29,885	₹ 15,23,699
Z4 Petrol MT 7 STR (ESP)	₹ 18,88,432	₹ 15,73,698
Z4 Petrol AT 7 STR	₹ 20,13,141	₹ 16,80,199
Z8 Petrol MT 7 STR	₹ 22,28,835	₹ 18,64,400
Z8 L Petrol MT 7 STR	₹ 24,52,309	₹ 20,37,499
Z8 Petrol AT 7 STR	₹ 24,25,736	₹ 20,15,001
Z8 L Petrol MT 6 STR	₹ 24,81,013	₹ 20,61,800
Z8 L Petrol AT 7 STR	₹ 26,19,682	₹ 21,79,201
Z8 L Petrol AT 6 STR	₹ 26,41,535	₹ 21,97,701
Z2 Diesel MT 7 STR	₹ 17,09,163	₹ 13,99,700
Z2 Diesel MT 7 STR (ESP)	₹ 17,68,731	₹ 14,49,700
Z4 Diesel MT 2WD 7 STR	₹ 19,09,934	₹ 15,64,799
Z4 Diesel MT 2WD 7 STR (ESP)	₹ 19,69,504	₹ 16,14,800
Z6 Diesel MT 2WD 7 STR	₹ 20,24,545	₹ 16,61,000
Z4 Diesel AT 2WD 7 STR	₹ 21,06,988	₹ 17,30,200
Z4 Diesel MT 4WD 7 STR	₹ 21,91,099	₹ 18,00,801
Z6 Diesel AT 2WD 7 STR	₹ 22,25,407	₹ 18,29,599
Z4 Diesel MT 4WD 7 STR (ESP)	₹ 22,50,664	₹ 18,50,799
Z8 Diesel MT 2WD 7 STR	₹ 23,20,838	₹ 19,09,700
Z8 L Diesel MT 2WD 7 STR	₹ 25,42,420	₹ 20,77,901
Z8 Diesel AT 2WD 7 STR	₹ 25,24,516	₹ 20,63,000
Z8 L Diesel MT 2WD 6 STR	₹ 25,83,152	₹ 21,11,800
Z8 Diesel MT 4WD 7 STR	₹ 26,13,071	₹ 21,36,700
Z8 L Diesel AT 2WD 7 STR	₹ 27,18,085	₹ 22,24,099
Z8 L Diesel AT 2WD 6 STR	₹ 27,46,445	₹ 22,47,700
Z8 L Diesel MT 4WD 7 STR	₹ 28,07,003	₹ 22,98,100
Z8 Diesel AT 4WD 7 STR	₹ 28,20,220	₹ 23,09,100
Z8 L Diesel AT 4WD 7 STR	₹ 29,94,447	₹ 24,54,100
Z8 Select Petrol MT	₹ 20,35,157	₹ 16,99,000
Z8 Select Petrol AT	₹ 22,10,802	₹ 18,49,000
Z8 Select Diesel MT 2WD	₹ 21,88,954	₹ 17,99,000
Z8 Select Diesel AT 2WD	₹ 23,08,090	₹ 18,99,000

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 ₹ 25,473 but you will have to pay interest of ₹ 7,79,532 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 ₹ 51,215, but your interest payment will be only ₹ 4,83,540 over the 3 years period.

₹ 27,580
Mahindra Scorpio N price starts from ₹ 16,34,355 in Mumbai.

We have considered
Down-payement : ₹ 2,74,155
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 ₹ 5,45,000

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 ₹ 16.34 Lakh, you can get a loan with an annual income as low as ₹ 5.45 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.