Mahindra Scorpio N Car Loan EMI Calculator

₹ 27,353.
Here is how - Mahindra Scorpio N price starts from ₹ 16,19,741 in Mumbai. If you pay a down payment of ₹ 2,70,741 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 27,353.

The cheapest Scorpio N model is Z2 2WD Petrol 2.0L Turbo Manual 7 STR (ESP) which is priced at ₹ 16,19,741 in Mumbai. You will need to pay at least a ₹ 2,70,741 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 2WD Petrol 2.0L Turbo Manual 7 STR (ESP)	₹ 16,19,741	₹ 13,49,000
Z4 2WD Petrol 2.0L Turbo Manual 7 STR (ESP)	₹ 18,51,573	₹ 15,43,500
Z2 2WD Diesel 2.2L Turbo Manual 7 STR (ESP)	₹ 17,06,829	₹ 13,99,000
Z4 2WD Diesel 2.2L Turbo Manual 7 STR (ESP)	₹ 19,32,859	₹ 15,85,300
Z6 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 20,57,595	₹ 16,90,000
Z6 2WD Diesel 2.2L Turbo Automatic 7 STR	₹ 22,50,000	₹ 18,51,500
Z4 4WD Diesel 2.2L Turbo Manual 7 STR (ESP)	₹ 21,91,624	₹ 18,02,500
Z8 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 23,42,926	₹ 19,29,500
Z8 2WD Diesel 2.0L Turbo Automatic 7 STR	₹ 25,44,043	₹ 20,80,500
Z8 S 2WD Petrol 2.0L Turbo Manual 7 STR	₹ 20,63,517	₹ 17,24,500
Z8 S 2WD Petrol 2.0L Turbo Automatic 7 STR	₹ 22,32,136	₹ 18,68,500
Z8 S 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 22,12,591	₹ 18,20,100
Z8 S 2WD Diesel 2.2L Turbo Automatic 7 STR	₹ 23,28,630	₹ 19,17,500
Z8 L 4WD Diesel 2.2L Turbo Automatic 7 STR Carbon Edition	₹ 29,48,848	₹ 24,17,399
Z8 L 4WD Diesel 2.2L Turbo Manual 7 STR Carbon Edition	₹ 27,92,200	₹ 22,70,200
Z8 L 2WD Diesel 2.2L Turbo Automatic 7 STR Carbon Edition	₹ 27,01,689	₹ 22,11,701
Z8 L 2WD Petrol 2.0L Turbo Automatic 7 STR Carbon Edition	₹ 26,22,051	₹ 21,67,300
Z8 L 2WD Diesel 2.2L Turbo Manual 7 STR Carbon Edition	₹ 25,50,239	₹ 20,71,100
Z8 L 2WD Petrol 2.0L Turbo Manual 7 STR Carbon Edition	₹ 24,62,111	₹ 20,33,399
Z4 2WD Petrol 2.0L Turbo Automatic 7 STR	₹ 20,37,756	₹ 17,02,500
Z4 2WD Diesel 2.2L Turbo Automatic 7 STR	₹ 21,28,481	₹ 17,49,500
Z8 T 2WD Petrol 2.0L Turbo Manual 7 STR	₹ 23,70,309	₹ 19,86,500
Z8 T 2WD Petrol 2.0L Turbo Automatic 7 STR	₹ 25,52,391	₹ 21,23,500
Z8 T 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 24,26,321	₹ 19,99,500
Z8 T 2WD Diesel 2.2L Turbo Automatic 7 STR	₹ 26,59,393	₹ 21,76,500
Z8 T 4WD Diesel 2.2L Turbo Manual 7 STR	₹ 27,32,688	₹ 22,37,500
Z8 T 4WD Diesel 2.2L Turbo Automatic 7 STR	₹ 29,12,923	₹ 23,87,500
Z8 L 2WD Petrol 2.0L Turbo Manual 7 STR	₹ 24,95,695	₹ 20,75,500
Z8 L 2WD Petrol 2.0L Turbo Automatic 7 STR	₹ 26,75,232	₹ 22,27,500
Z8 L 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 26,05,323	₹ 21,31,500
Z8 L 2WD Diesel 2.2L Turbo Automatic 7 STR	₹ 27,79,549	₹ 22,76,500
Z8 L 4WD Diesel 2.2L Turbo Manual 7 STR	₹ 28,57,651	₹ 23,41,500
Z8 L 4WD Diesel 2.2L Turbo Automatic 7 STR	₹ 30,42,091	₹ 24,95,000
Z8 L 2WD Petrol 2.0L Turbo Manual 6 STR	₹ 25,40,815	₹ 21,13,700
Z8 L 2WD Petrol 2.0L Turbo Automatic 6 STR	₹ 26,96,375	₹ 22,45,400
Z8 L 2WD Diesel 2.2L Turbo Manual 6 STR	₹ 26,48,579	₹ 21,67,500
Z8 L 2WD Diesel 2.2L Turbo Automatic 6 STR	₹ 28,05,984	₹ 22,98,500
Z8 T 2WD Petrol 2.0L Turbo Manual 7 STR Carbon Edition	₹ 23,22,433	₹ 19,33,300
Z8 T 2WD Petrol 2.0L Turbo Automatic 7 STR Carbon Edition	₹ 25,02,603	₹ 20,67,299
Z8 T 4WD Diesel 2.2L Turbo Manual 7 STR Carbon Edition	₹ 26,70,673	₹ 21,70,200
Z8 T 4WD Diesel 2.2L Turbo Automatic 7 STR Carbon Edition	₹ 28,28,693	₹ 23,17,400
Z8 T 2WD Diesel 2.2L Turbo Manual 7 STR Carbon Edition	₹ 24,08,203	₹ 19,71,099
Z8 T 2WD Diesel 2.2L Turbo Automatic 7 STR Carbon Edition	₹ 25,81,532	₹ 21,11,700

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 2WD Petrol 2.0L Turbo Manual 7 STR (ESP) will be ₹ 25,246 but you will have to pay interest of ₹ 7,71,664 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 ₹ 50,757, but your interest payment will be only ₹ 4,78,252 over the 3 years period.

₹ 27,353
Mahindra Scorpio N price starts from ₹ 16,19,741 in Mumbai.

We have considered
Down-payement : ₹ 2,70,741
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 ₹ 5,40,000

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 ₹ 16.20 Lakh, you can get a loan with an annual income as low as ₹ 5.40 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.