Mahindra Scorpio N Car Loan EMI Calculator

₹ 28,087.
Here is how - Mahindra Scorpio N price starts from ₹ 16,63,630 in Mumbai. If you pay a down payment of ₹ 2,78,430 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 28,087.

The cheapest Scorpio N model is Z2 Petrol MT 7 STR which is priced at ₹ 16,63,630 in Mumbai. You will need to pay at least a ₹ 2,78,430 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	₹ 16,63,630	₹ 13,85,200
Z2 Petrol MT 7 STR (ESP)	₹ 17,22,176	₹ 14,35,199
Z4 Petrol MT 7 STR	₹ 18,59,163	₹ 15,48,701
Z4 Petrol MT 7 STR (ESP)	₹ 19,17,710	₹ 15,98,700
Z4 Petrol AT 7 STR	₹ 20,42,419	₹ 17,05,201
Z2 Diesel MT 7 STR	₹ 17,32,633	₹ 14,24,700
Z2 Diesel MT 7 STR (ESP)	₹ 17,92,202	₹ 14,74,701
Z4 Diesel MT 2WD 7 STR	₹ 19,29,329	₹ 15,89,801
Z4 Diesel MT 2WD 7 STR (ESP)	₹ 19,88,896	₹ 16,39,800
Z6 Diesel MT 2WD 7 STR	₹ 20,43,938	₹ 16,86,001
Z4 Diesel AT 2WD 7 STR	₹ 21,26,379	₹ 17,55,200
Z4 Diesel MT 4WD 7 STR	₹ 21,80,705	₹ 18,00,801
Z6 Diesel AT 2WD 7 STR	₹ 22,44,801	₹ 18,54,601
Z4 Diesel MT 4WD 7 STR (ESP)	₹ 22,40,271	₹ 18,50,799
Z8 Petrol MT 7 STR	₹ 22,52,255	₹ 18,84,401
Z8 L Petrol MT 7 STR	₹ 24,72,390	₹ 20,54,500
Z8 Petrol AT 7 STR	₹ 24,49,358	₹ 20,35,000
Z8 L Petrol MT 6 STR	₹ 25,01,092	₹ 20,78,800
Z8 L Petrol AT 7 STR	₹ 26,39,762	₹ 21,96,200
Z8 L Petrol AT 6 STR	₹ 26,61,613	₹ 22,14,700
Z8 Diesel MT 2WD 7 STR	₹ 23,45,126	₹ 19,29,700
Z8 L Diesel MT 2WD 7 STR	₹ 25,52,451	₹ 20,94,899
Z8 Diesel AT 2WD 7 STR	₹ 25,38,154	₹ 20,83,000
Z8 L Diesel MT 2WD 6 STR	₹ 25,93,186	₹ 21,28,800
Z8 Diesel MT 4WD 7 STR	₹ 26,13,533	₹ 21,36,700
Z8 L Diesel AT 2WD 7 STR	₹ 27,28,120	₹ 22,41,100
Z8 L Diesel AT 2WD 6 STR	₹ 27,56,479	₹ 22,64,701
Z8 L Diesel MT 4WD 7 STR	₹ 27,96,610	₹ 22,98,100
Z8 Diesel AT 4WD 7 STR	₹ 28,09,827	₹ 23,09,100
Z8 L Diesel AT 4WD 7 STR	₹ 29,84,053	₹ 24,54,100
Z8 Select Petrol MT	₹ 20,58,577	₹ 17,19,000
Z8 Select Petrol AT	₹ 22,34,221	₹ 18,69,000
Z8 Select Diesel AT 2WD	₹ 23,21,525	₹ 19,19,001

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 ₹ 25,930 but you will have to pay interest of ₹ 7,92,920 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 ₹ 52,132, but your interest payment will be only ₹ 4,91,552 over the 3 years period.

₹ 28,087
Mahindra Scorpio N price starts from ₹ 16,63,630 in Mumbai.

We have considered
Down-payement : ₹ 2,78,430
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 ₹ 5,55,000

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 ₹ 16.64 Lakh, you can get a loan with an annual income as low as ₹ 5.55 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.