Mahindra Scorpio N Car Loan EMI Calculator

₹ 27,758.
Here is how - Mahindra Scorpio N price starts from ₹ 16,43,160 in Mumbai. If you pay a down payment of ₹ 2,74,160 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 27,758.

The cheapest Scorpio N model is Z2 2WD Petrol 2.0L Turbo Manual 7 STR which is priced at ₹ 16,43,160 in Mumbai. You will need to pay at least a ₹ 2,74,160 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	₹ 16,43,160	₹ 13,69,000
Z2 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 17,30,656	₹ 14,19,000
Z8 S 2WD Petrol 2.0L Turbo Automatic 7 STR	₹ 22,99,466	₹ 19,26,000
Z4 2WD Petrol 2.0L Turbo Automatic 7 STR	₹ 20,53,564	₹ 17,16,000
Z8 T 2WD Petrol 2.0L Turbo Manual 7 STR	₹ 24,51,401	₹ 20,38,000
Z8 S 2WD Petrol 2.0L Turbo Manual 7 STR	₹ 21,27,334	₹ 17,79,000
Z4 2WD Petrol 2.0L Turbo Manual 7 STR	₹ 18,67,381	₹ 15,57,000
Z8 T 2WD Petrol 2.0L Turbo Automatic 7 STR	₹ 26,13,221	₹ 21,75,000
Z8 L 2WD Petrol 2.0L Turbo Manual 7 STR Adas	₹ 25,61,249	₹ 21,31,000
Z8 L 2WD Petrol 2.0L Turbo Manual 6 STR Adas	₹ 26,06,134	₹ 21,69,000
Z4 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 19,64,668	₹ 16,12,000
Z4 2WD Diesel 2.2L Turbo Automatic 7 STR	₹ 21,50,521	₹ 17,68,000
Z4 AWD Diesel 2.2L Turbo Manual 7 STR	₹ 21,92,219	₹ 18,03,000
Z6 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 20,89,762	₹ 17,17,000
Z6 2WD Diesel 2.2L Turbo Automatic 7 STR	₹ 22,86,336	₹ 18,82,000
Z8 S 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 22,82,763	₹ 18,79,000
Z8 S 2WD Diesel 2.2L Turbo Automatic 7 STR	₹ 24,13,813	₹ 19,89,000
Z8 T 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 25,25,419	₹ 20,65,000
Z8 T 2WD Diesel 2.2L Turbo Automatic 7 STR	₹ 27,17,669	₹ 22,25,000
Z8 T 4WD Diesel 2.2L Turbo Manual 7 STR	₹ 27,90,965	₹ 22,86,000
Z8 T 4WD Diesel 2.2L Turbo Automatic 7 STR	₹ 29,74,804	₹ 24,39,000
Z8 L 2WD Diesel 2.2L Turbo Manual 7 STR Adas	₹ 26,86,429	₹ 21,99,000
Z8 L 2WD Diesel 2.2L Turbo Automatic 7 STR Adas	₹ 28,66,663	₹ 23,49,000
Z8 L 4WD Diesel 2.2L Turbo Manual 7 STR Adas	₹ 29,57,982	₹ 24,25,000
Z8 L 4WD Diesel 2.2L Turbo Automatic 7 STR Adas	₹ 31,06,975	₹ 25,49,000
Z8 L 2WD Diesel 2.2L Turbo Manual 6 STR Adas	₹ 27,44,104	₹ 22,47,000
Z8 L 2WD Diesel 2.2L Turbo Automatic 6 STR Adas	₹ 29,03,911	₹ 23,80,000
Z8 L 2WD Petrol 2.0L Turbo Automatic 7 STR	₹ 27,45,511	₹ 22,87,000
Z8 L 2WD Petrol 2.0L Turbo Automatic 6 STR	₹ 27,66,772	₹ 23,05,000
Z8 2WD Diesel 2.2L Turbo Manual 7 STR	₹ 24,10,238	₹ 19,86,000
Z8 2WD Diesel 2.2L Turbo Automatic 7 STR	₹ 26,16,738	₹ 21,41,000

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 2WD Petrol 2.0L Turbo Manual 7 STR will be ₹ 25,611 but you will have to pay interest of ₹ 7,82,324 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 ₹ 51,491, but your interest payment will be only ₹ 4,84,676 over the 3 years period.

₹ 27,758
Mahindra Scorpio N price starts from ₹ 16,43,160 in Mumbai.

We have considered
Down-payement : ₹ 2,74,160
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 ₹ 5,48,000

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 ₹ 16.43 Lakh, you can get a loan with an annual income as low as ₹ 5.48 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.