Mahindra XEV 9e Car Loan EMI Calculator

₹ 44,405.
Here is how - Mahindra XEV 9e price starts from ₹ 23,17,573 in Mumbai. If you pay a down payment of ₹ 1,27,573 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 44,405.

The cheapest XEV 9e model is Pack One 59.0 kWh No Charger which is priced at ₹ 23,17,573 in Mumbai. You will need to pay at least a ₹ 1,27,573 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 XEV 9e.

Version	On-road price in Mumbai	Max Loan
Pack One 59.0 kWh No Charger	₹ 23,17,573	₹ 21,90,000
Pack Three 79.0 kWh No Charger	₹ 32,51,266	₹ 30,50,000
Pack Two 59.0 kWh No Charger	₹ 26,31,614	₹ 24,90,000
Pack Three 59.0 kWh No Charger	₹ 29,45,654	₹ 27,90,000
Pack One 59.0 kWh 11.2kW Charger	₹ 23,96,084	₹ 22,65,001
Pack One 59.0 kWh 7.2kW Charger	₹ 23,69,913	₹ 22,40,000
Pack Two 59.0 kWh 11.2kW Charger	₹ 27,10,124	₹ 25,65,000
Pack Two 59.0 kWh 7.2kW Charger	₹ 26,83,954	₹ 25,40,000
Pack Three Select 59.0 kWh 11.2kW Charger	₹ 30,24,165	₹ 28,65,000
Pack Three Select 59.0 kWh 7.2kW Charger	₹ 29,97,995	₹ 28,40,000
Pack Three 79.0 kWh 11.2kW Charger	₹ 33,29,908	₹ 31,25,000
Pack Three 79.0 kWh 7.2kW Charger	₹ 33,03,694	₹ 31,00,000
Pack Two 79.0 kWh 11.2kW Charger	₹ 28,97,223	₹ 27,25,000
Pack Two 79.0 kWh No Charger	₹ 28,18,581	₹ 26,50,000
Pack Two 79.0 kWh 7.2kW Charger	₹ 28,71,009	₹ 27,00,000
Cineluxe Edition 79.0 kWh	₹ 31,17,421	₹ 29,35,000

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 XEV 9e Pack One 59.0 kWh No Charger will be ₹ 36,122 but you will have to pay interest of ₹ 8,44,248 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 ₹ 72,624, but your interest payment will be only ₹ 4,24,464 over the 3 years period.

₹ 44,405
Mahindra XEV 9e price starts from ₹ 23,17,573 in Mumbai.

We have considered
Down-payement : ₹ 1,27,573
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XEV 9e with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 7,73,000

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 XEV 9e starts from ₹ 23.18 Lakh, you can get a loan with an annual income as low as ₹ 7.73 lakh.

Here are the most important things you should consider while getting a car loan for a new XEV 9e

• 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.