Mahindra XUV 3XO Car Loan EMI Calculator

₹ 15,288.
Here is how - Mahindra XUV 3XO price starts from ₹ 8,85,970 in Mumbai. If you pay a down payment of ₹ 1,31,970 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,288.

The cheapest XUV 3XO model is MX1 Petrol 1.2L Turbo Manual which is priced at ₹ 8,85,970 in Mumbai. You will need to pay at least a ₹ 1,31,970 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 XUV 3XO.

Version	On-road price in Mumbai	Max Loan
MX1 Petrol 1.2L Turbo Manual	₹ 8,85,970	₹ 7,54,000
MX2 Pro Petrol 1.2L Turbo Manual	₹ 10,55,636	₹ 8,99,000
MX2 Diesel 1.5L Turbo Manual	₹ 11,00,872	₹ 9,22,000
MX2 Pro Petrol 1.2L Turbo Automatic (TC)	₹ 11,64,216	₹ 9,93,500
MX3 Petrol 1.2L Turbo Automatic (TC)	₹ 12,78,289	₹ 10,73,900
MX3 Petrol 1.2L Turbo Manual	₹ 10,79,190	₹ 9,19,500
MX3 Pro Petrol 1.2L Turbo Manual	₹ 11,05,043	₹ 9,42,000
MX3 Pro Petrol 1.2L Turbo Automatic (TC)	₹ 13,11,143	₹ 11,02,000
AX5 Petrol 1.2L Turbo Manual	₹ 11,71,570	₹ 9,99,900
AX5 Petrol 1.2L Turbo Automatic (TC)	₹ 13,97,665	₹ 11,76,000
AX5L Petrol 1.2L Turbo Manual	₹ 14,14,618	₹ 11,90,500
AX5L Petrol 1.2L Turbo Automatic (TC)	₹ 15,59,599	₹ 13,14,500
AX7 Petrol 1.2L Turbo Manual Dual Tone	₹ 14,34,495	₹ 12,07,500
AX7L Petrol 1.2L Turbo Manual Dual Tone	₹ 15,65,445	₹ 13,19,500
AX7L Petrol 1.2L Turbo Automatic (TC) Dual Tone	₹ 17,63,041	₹ 14,88,500
AX7 Petrol 1.2L Turbo Automatic (TC) Dual Tone	₹ 15,67,199	₹ 13,21,000
MX2 Pro Diesel 1.5L Turbo Manual	₹ 11,80,392	₹ 9,90,000
MX3 Diesel 1.5L Turbo Manual	₹ 12,35,482	₹ 10,19,500
MX3 Diesel 1.5L Turbo Automatic (AMT)	₹ 13,42,546	₹ 11,09,500
MX3 Pro Diesel 1.5L Turbo Manual	₹ 12,98,532	₹ 10,72,500
AX5 Diesel 1.5L Turbo Manual	₹ 13,61,580	₹ 11,25,500
AX5 Diesel 1.5L Turbo Automatic (AMT)	₹ 14,56,748	₹ 12,05,500
AX7 Diesel 1.5L Turbo Manual Dual Tone	₹ 15,55,485	₹ 12,88,500
AX7 Diesel 1.5L Turbo Automatic (AMT) Dual Tone	₹ 16,44,705	₹ 13,63,500
AX7L Diesel 1.5L Turbo Manual Dual Tone	₹ 16,76,825	₹ 13,90,500
REVX M Petrol 1.2L Turbo Manual	₹ 9,87,155	₹ 8,39,400
REVX M (O) Petrol 1.2L Turbo Manual	₹ 10,46,444	₹ 8,91,000
REVX A Petrol 1.2L Turbo Manual	₹ 13,28,097	₹ 11,16,500
REVX A Petrol 1.2L Turbo Automatic (TC)	₹ 14,57,879	₹ 12,27,500

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 XUV 3XO MX1 Petrol 1.2L Turbo Manual will be ₹ 13,809 but you will have to pay interest of ₹ 4,05,956 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 ₹ 27,763, but your interest payment will be only ₹ 2,45,468 over the 3 years period.

₹ 15,288
Mahindra XUV 3XO price starts from ₹ 8,85,970 in Mumbai.

We have considered
Down-payement : ₹ 1,31,970
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XUV 3XO with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,96,000

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 XUV 3XO starts from ₹ 8.86 Lakh, you can get a loan with an annual income as low as ₹ 2.96 lakh.

Here are the most important things you should consider while getting a car loan for a new XUV 3XO

• 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.