Mahindra XUV300 Car Loan EMI Calculator

₹ 16,201.
Here is how - Mahindra XUV300 price starts from ₹ 9,39,175 in Mumbai. If you pay a down payment of ₹ 1,40,175 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 16,201.

The cheapest XUV300 model is W2 1.2 Petrol which is priced at ₹ 9,39,175 in Mumbai. You will need to pay at least a ₹ 1,40,175 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 XUV300.

Version	On-road price in Mumbai	Max Loan
W4 1.2 Petrol	₹ 10,19,794	₹ 8,66,501
W6 1.2 Petrol	₹ 11,73,181	₹ 9,99,996
W6 1.2 Petrol AMT	₹ 12,75,815	₹ 10,70,501
W8 1.2 Petrol	₹ 13,69,351	₹ 11,50,501
W8 (O) 1.2 Petrol	₹ 14,97,965	₹ 12,60,502
W8(O) 1.2 Petrol Dual Tone	₹ 15,15,503	₹ 12,75,502
W8 (O) 1.2 Petrol AMT	₹ 15,79,808	₹ 13,30,501
W8 (O) 1.2 Petrol AMT Dual Tone	₹ 15,97,346	₹ 13,45,501
W4 1.5 Diesel	₹ 12,39,362	₹ 10,21,500
W6 1.5 Diesel	₹ 13,33,340	₹ 11,00,500
W6 1.5 Diesel AMT	₹ 14,87,989	₹ 12,30,500
W8 1.5 Diesel	₹ 15,71,261	₹ 13,00,500
W8 (O) 1.5 Diesel	₹ 16,80,705	₹ 13,92,500
W8(O) 1.5 Diesel Dual Tone	₹ 16,98,550	₹ 14,07,501
W8 (O) 1.5 Diesel AMT	₹ 17,61,598	₹ 14,60,501
W8 (O) 1.5 Diesel AMT Dual Tone	₹ 17,79,441	₹ 14,75,500
W2 1.2 Petrol	₹ 9,39,175	₹ 7,99,000
W8 1.2 Petrol Dual Tone	₹ 13,86,889	₹ 11,65,501
W8 1.5 Diesel Dual Tone	₹ 15,89,106	₹ 13,15,501

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 XUV300 W2 1.2 Petrol will be ₹ 14,638 but you will have to pay interest of ₹ 4,30,592 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 ₹ 29,430, but your interest payment will be only ₹ 2,60,480 over the 3 years period.

₹ 16,201
Mahindra XUV300 price starts from ₹ 9,39,175 in Mumbai.

We have considered
Down-payement : ₹ 1,40,175
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XUV300 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 3,14,000

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 XUV300 starts from ₹ 9.39 Lakh, you can get a loan with an annual income as low as ₹ 3.14 lakh.

Here are the most important things you should consider while getting a car loan for a new XUV300

• 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.