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      Mahindra Thar Car Loan EMI Calculator

      Mahindra Thar EMI starts at 22,811 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 2.37 Lakh. Mahindra Thar price starts at ₹ 13.62 Lakh and goes up to ₹ 21.42 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.

      Mahindra Thar
      MahindraThar₹ 13.62 - 21.42 Lakh

      Variant

      AX (O) Hard Top Diesel MT RWD

      Right Arrow

      City

      Mumbai

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      Adjust Thar Car Loan Parameters

      On-Road Price

      ₹ 13,62,487

      Thar AX (O) Hard Top Diesel MT RWD EMI

      22,811 for 5 Years

      Down Payment
      Loan Tenure (Months)
      Bank Interest Rate
      %

      Mahindra Thar AX (O) Hard Top Diesel MT RWD Car Loan EMI

      On-Road Price₹ 13,62,487
      Ex-Showroom Price₹ 1125001
      Max Loan Amount₹ 1125001
      Down Payment as per your Selectiont₹ 2,37,486
      Loan Amount₹ 11,25,001
      EMI Amount 22,811
      Interest Component2,43,659(17.8%)
      Principal Component11,25,001(82.2%)
      Total Payable over 5 Years13,68,660
      Note: This doesn't include bank processing fee.

      Mahindra Thar Loan Repayment Schedule

      This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.

      MonthsPrincipal PaidInterest PaidBalance Loan
      12₹ 1,90,626₹ 83,106₹ 9,34,375
      24₹ 2,06,449₹ 67,283₹ 7,27,926
      36₹ 2,23,582₹ 50,150₹ 5,04,344
      48₹ 2,42,140₹ 31,592₹ 2,62,204
      60₹ 2,62,204₹ 11,493₹ 0

      Mahindra Thar EMI

      Mahindra Thar Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 2,37,486

      On-Road Price in MumbaiMin Down PaymentEMI
      LX Hard Top Petrol AT RWD

      ₹ 16,80,842

      ₹2,80,942₹28,385
      AX (O) Convertible Top Petrol MT 4WD

      ₹ 17,16,089

      ₹2,86,089₹28,995
      LX Hard Top Petrol MT 4WD

      ₹ 18,02,138

      ₹3,02,137₹30,415
      LX Convertible Top Petrol AT 4WD

      ₹ 19,77,664

      ₹3,27,763₹33,454
      LX Hard Top Petrol AT 4WD

      ₹ 19,89,256

      ₹3,29,456₹33,655
      AX (O) Hard Top Diesel MT RWD

      ₹ 13,62,487

      ₹2,37,486₹22,811
      LX Hard Top Diesel MT RWD

      ₹ 15,40,926

      ₹2,65,926₹25,852
      AX (O) Convertible Top Diesel MT 4WD

      ₹ 18,10,786

      ₹3,25,786₹30,110
      AX (O) Hard Top Diesel MT 4WD

      ₹ 18,28,535

      ₹3,28,636₹30,413
      LX Convertible Top Diesel MT 4WD

      ₹ 19,21,969

      ₹3,47,069₹31,933
      LX Hard Top Diesel MT 4WD

      ₹ 19,22,090

      ₹3,47,089₹31,935
      LX Convertible Top Diesel AT 4WD

      ₹ 20,88,760

      ₹3,73,860₹34,772
      LX Hard Top Diesel AT 4WD

      ₹ 20,94,837

      ₹3,74,836₹34,875
      Earth Edition Petrol MT 4WD

      ₹ 18,48,975

      ₹3,08,975₹31,226
      Earth Editon Petrol AT 4WD

      ₹ 20,35,157

      ₹3,36,157₹34,450
      Earth Editon Diesel MT 4WD

      ₹ 19,49,471

      ₹3,34,471₹32,746
      Earth Editon Diesel AT 4WD

      ₹ 21,42,491

      ₹3,82,491₹35,686

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      Explore more about Mahindra Thar

      Mahindra Thar
      Mahindra Thar
      ₹ 13.62 - 21.42 LakhOn-Road Price, Mumbai

      Thar EMI FAQs

      ₹ 22,811.
      Here is how - Mahindra Thar price starts from ₹ 13,62,487 in Mumbai. If you pay a down payment of ₹ 2,37,486 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 22,811.
      The cheapest Thar model is AX (O) Hard Top Diesel MT RWD which is priced at ₹ 13,62,487 in Mumbai. You will need to pay at least a ₹ 2,37,486 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.
      VersionOn-road price in MumbaiMax Loan
      LX Hard Top Petrol AT RWD₹ 16,80,842₹ 13,99,900
      AX (O) Convertible Top Petrol MT 4WD₹ 17,16,089₹ 14,30,000
      LX Hard Top Petrol MT 4WD₹ 18,02,138₹ 15,00,001
      LX Convertible Top Petrol AT 4WD₹ 19,77,664₹ 16,49,901
      LX Hard Top Petrol AT 4WD₹ 19,89,256₹ 16,59,800
      AX (O) Hard Top Diesel MT RWD₹ 13,62,487₹ 11,25,001
      LX Hard Top Diesel MT RWD₹ 15,40,926₹ 12,75,000
      AX (O) Convertible Top Diesel MT 4WD₹ 18,10,786₹ 14,85,000
      AX (O) Hard Top Diesel MT 4WD₹ 18,28,535₹ 14,99,899
      LX Convertible Top Diesel MT 4WD₹ 19,21,969₹ 15,74,900
      LX Hard Top Diesel MT 4WD₹ 19,22,090₹ 15,75,001
      LX Convertible Top Diesel AT 4WD₹ 20,88,760₹ 17,14,900
      LX Hard Top Diesel AT 4WD₹ 20,94,837₹ 17,20,001
      Earth Edition Petrol MT 4WD₹ 18,48,975₹ 15,40,000
      Earth Editon Petrol AT 4WD₹ 20,35,157₹ 16,99,000
      Earth Editon Diesel MT 4WD₹ 19,49,471₹ 16,15,000
      Earth Editon Diesel AT 4WD₹ 21,42,491₹ 17,60,000

      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 AX (O) Hard Top Diesel MT RWD will be ₹ 21,236 but you will have to pay interest of ₹ 6,58,823 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 ₹ 42,695, but your interest payment will be only ₹ 4,12,019 over the 3 years period.