Mahindra XEV 9S Car Loan EMI Calculator

₹ 40,451.
Here is how - Mahindra XEV 9S price starts from ₹ 21,13,447 in Mumbai. If you pay a down payment of ₹ 1,18,447 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 40,451.

The cheapest XEV 9S model is Pack One Above 59.0 kWh No Charger which is priced at ₹ 21,13,447 in Mumbai. You will need to pay at least a ₹ 1,18,447 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 9S.

Version	On-road price in Mumbai	Max Loan
Pack One Above 59.0 kWh No Charger	₹ 21,13,447	₹ 19,95,000
Pack Two Above 79.0 kWh No Charger	₹ 27,08,482	₹ 25,45,000
Pack Three 79.0 kWh No Charger	₹ 29,07,709	₹ 27,35,000
Pack One Above 79.0 kWh No Charger	₹ 23,41,485	₹ 21,95,000
Pack Two Above 70.0 kWh No Charger	₹ 26,03,626	₹ 24,45,000
Pack Three Above 79.0 kWh No Charger	₹ 31,27,907	₹ 29,45,000
Pack One Above 59.0 kWh With Charger	₹ 21,91,957	₹ 20,70,000
Pack One Above 79.0 kWh With Charger	₹ 24,20,127	₹ 22,70,000
Pack Two Above 70.0 kWh With Charger	₹ 26,82,268	₹ 25,20,000
Pack Two Above 79.0 kWh With Charger	₹ 27,87,124	₹ 26,20,000
Pack Three 79.0 kWh With Charger	₹ 29,86,351	₹ 28,10,000
Pack Three Above 79.0 kWh With Charger	₹ 32,19,809	₹ 30,20,000

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 9S Pack One Above 59.0 kWh No Charger will be ₹ 32,941 but you will have to pay interest of ₹ 7,72,044 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 ₹ 66,228, but your interest payment will be only ₹ 3,89,208 over the 3 years period.

₹ 40,451
Mahindra XEV 9S price starts from ₹ 21,13,447 in Mumbai.

We have considered
Down-payement : ₹ 1,18,447
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 7,05,000

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 9S starts from ₹ 21.13 Lakh, you can get a loan with an annual income as low as ₹ 7.05 lakh.

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

• 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.