Mahindra Scorpio-N Car Loan EMI Calculator

₹ 25,836.
Here is how - Mahindra Scorpio-N price starts from ₹ 15,33,653 in Mumbai. If you pay a down payment of ₹ 2,59,453 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 25,836.

The cheapest Scorpio-N model is Z2 Petrol MT 7 STR which is priced at ₹ 15,33,653 in Mumbai. You will need to pay at least a ₹ 2,59,453 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 Diesel MT 7 STR	₹ 16,18,977	₹ 13,24,000
Z4 Petrol AT 7 STR	₹ 19,42,887	₹ 16,20,201
Z4 Diesel AT 2WD 7 STR	₹ 20,35,268	₹ 16,70,000
Z2 Petrol MT 7 STR	₹ 15,33,653	₹ 12,74,200
Z4 Petrol MT 7 STR	₹ 17,09,294	₹ 14,24,198
Z8 Petrol MT 7 STR	₹ 21,11,505	₹ 17,64,200
Z8 L Petrol MT 6 STR	₹ 23,57,407	₹ 19,74,200
Z8 L Petrol MT 7 STR	₹ 23,33,988	₹ 19,54,200
Z8 Petrol AT 7 STR	₹ 23,41,011	₹ 19,60,199
Z8 L Petrol AT 6 STR	₹ 25,61,805	₹ 21,30,200
Z8 L Petrol AT 7 STR	₹ 25,38,181	₹ 21,10,200
Z4 Diesel MT 2WD 7 STR	₹ 17,97,917	₹ 14,74,199
Z4 Diesel MT 4WD 7 STR	₹ 20,93,883	₹ 17,19,201
Z6 Diesel MT 2WD 7 STR	₹ 19,09,221	₹ 15,64,200
Z8 Diesel MT 2WD 7 STR	₹ 22,07,062	₹ 18,14,200
Z8 Diesel MT 4WD 7 STR	₹ 25,19,950	₹ 20,59,200
Z8 L Diesel MT 2WD 6 STR	₹ 24,77,893	₹ 20,24,199
Z8 L Diesel MT 2WD 7 STR	₹ 24,53,864	₹ 20,04,200
Z8 L Diesel MT 4WD 7 STR	₹ 27,48,244	₹ 22,49,199
Z6 Diesel AT 2WD 7 STR	₹ 21,42,728	₹ 17,60,200
Z8 Diesel AT 4WD 7 STR	₹ 27,55,457	₹ 22,55,201
Z8 Diesel AT 2WD 7 STR	₹ 24,61,073	₹ 20,10,200
Z8 L Diesel AT 2WD 6 STR	₹ 26,65,339	₹ 21,80,200
Z8 L Diesel AT 2WD 7 STR	₹ 26,41,305	₹ 21,60,199
Z8 L Diesel AT 4WD 7 STR	₹ 29,35,690	₹ 24,05,200
Z2 Petrol MT 7 STR (E)	₹ 15,92,202	₹ 13,24,201
Z2 Diesel MT 7 STR (E)	₹ 16,78,782	₹ 13,74,200
Z4 Petrol MT 7 STR (E)	₹ 17,67,844	₹ 14,74,199
Z4 Diesel MT 2WD 7 STR (E)	₹ 18,61,567	₹ 15,24,200
Z4 Diesel MT 4WD 7 STR (E)	₹ 21,53,450	₹ 17,69,200

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 ₹ 23,904 but you will have to pay interest of ₹ 7,33,736 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 ₹ 48,059, but your interest payment will be only ₹ 4,55,924 over the 3 years period.

₹ 25,836
Mahindra Scorpio-N price starts from ₹ 15,33,653 in Mumbai.

We have considered
Down-payement : ₹ 2,59,453
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 ₹ 5,12,000

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 ₹ 15.34 Lakh, you can get a loan with an annual income as low as ₹ 5.12 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.