Mahindra Thar Roxx Car Loan EMI Calculator

₹ 25,386.
Here is how - Mahindra Thar Roxx price starts from ₹ 15,06,157 in Mumbai. If you pay a down payment of ₹ 2,54,157 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 25,386.

The cheapest Thar Roxx model is MX1 2WD Petrol 2.0L Turbo Manual which is priced at ₹ 15,06,157 in Mumbai. You will need to pay at least a ₹ 2,54,157 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 Thar Roxx.

Version	On-road price in Mumbai	Max Loan
MX3 2WD Petrol 2.0L Turbo Automatic	₹ 18,33,423	₹ 15,28,000
MX1 2WD Diesel 2.2L Turbo Manual	₹ 17,35,421	₹ 14,23,000
MX1 2WD Petrol 2.0L Turbo Manual	₹ 15,06,157	₹ 12,52,000
MX3 2WD Diesel 2.2L Turbo Manual	₹ 19,83,730	₹ 16,28,000
AX3 L 2WD Diesel 2.2L Turbo Manual	₹ 21,02,867	₹ 17,28,000
MX3 2WD Diesel 2.2L Turbo Automatic	₹ 21,67,200	₹ 17,82,000
MX5 2WD Petrol 2.0L Turbo Automatic	₹ 21,54,266	₹ 18,02,000
AX5 L 2WD Diesel 2.2L Turbo Automatic	₹ 23,41,139	₹ 19,28,000
MX5 2WD Diesel 2.2L Turbo Automatic	₹ 22,50,595	₹ 18,52,000
MX5 2WD Diesel 2.2L Turbo Manual	₹ 20,71,891	₹ 17,02,000
AX7 L 2WD Diesel 2.2L Turbo Manual	₹ 23,69,732	₹ 19,52,000
MX5 2WD Petrol 2.0L Turbo Manual	₹ 19,78,622	₹ 16,52,000
AX7 L 2WD Petrol 2.0L Turbo Automatic	₹ 23,85,531	₹ 19,99,500
AX7 L 2WD Diesel 2.2L Turbo Automatic	₹ 25,41,040	₹ 20,78,000
MX5 4WD Diesel 2.2L Turbo Manual	₹ 23,57,818	₹ 19,42,000
AX5 L 4WD Diesel 2.2L Turbo Automatic	₹ 26,29,955	₹ 21,52,000
AX7 L 4WD Diesel 2.2L Turbo Manual	₹ 27,02,049	₹ 22,12,000
AX7 L 4WD Diesel 2.2L Turbo Automatic	₹ 28,70,868	₹ 23,52,500
AX7 L 4WD Diesel 2.2L Turbo Manual Mocha Intrs	₹ 27,02,049	₹ 22,12,000
MX5 4WD Diesel 2.2L Turbo Manual Mocha Intrs	₹ 23,57,818	₹ 19,42,000
AX5 L 4WD Diesel 2.2L Turbo Automatic Mocha Intrs	₹ 26,29,955	₹ 21,52,000
AX7 L 4WD Diesel 2.2L Turbo Automatic Mocha Intrs	₹ 28,70,868	₹ 23,52,500
Star Edition 2WD Petrol 2.0L Turbo Automatic	₹ 22,43,845	₹ 18,78,500
Star Edition 2WD Diesel 2.2L Turbo Manual	₹ 21,61,840	₹ 17,77,500
Star Edition 2WD Diesel 2.2L Turbo Automatic	₹ 23,41,734	₹ 19,28,500
AX7 L 2WD Diesel 2.2L Turbo Automatic Mocha Intrs	₹ 25,41,040	₹ 20,78,000
AX7 L 2WD Petrol 2.0L Turbo Automatic Mocha Intrs	₹ 23,85,531	₹ 19,99,500
AX7 L 2WD Diesel 2.2L Turbo Manual Mocha Intrs	₹ 23,69,732	₹ 19,52,000

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 Thar Roxx MX1 2WD Petrol 2.0L Turbo Manual will be ₹ 23,475 but you will have to pay interest of ₹ 7,19,900 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 ₹ 47,197, but your interest payment will be only ₹ 4,47,092 over the 3 years period.

₹ 25,386
Mahindra Thar Roxx price starts from ₹ 15,06,157 in Mumbai.

We have considered
Down-payement : ₹ 2,54,157
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Thar Roxx with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 5,03,000

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 Thar Roxx starts from ₹ 15.06 Lakh, you can get a loan with an annual income as low as ₹ 5.03 lakh.

Here are the most important things you should consider while getting a car loan for a new Thar Roxx

• 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.