Mahindra XUV500 Car Loan EMI Calculator

₹ 24,778.
Here is how - Mahindra XUV500 price starts from ₹ 14,94,534 in Mumbai. If you pay a down payment of ₹ 2,72,498 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 24,778.

The cheapest XUV500 model is W3 which is priced at ₹ 14,94,534 in Mumbai. You will need to pay at least a ₹ 2,72,498 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 XUV500.

Version	On-road price in Mumbai	Max Loan
G AT	₹ 19,14,826	₹ 16,03,069
W5 [2018-2020]	₹ 15,68,160	₹ 12,83,966
W7 [2018-2020]	₹ 17,19,424	₹ 14,11,201
W7 AT [2018-2020]	₹ 18,63,486	₹ 15,32,376
W9 [2018-2020]	₹ 19,22,281	₹ 15,81,832
W9 AT [2018-2020]	₹ 20,66,342	₹ 17,03,007
W11	₹ 20,73,713	₹ 17,09,207
W11 AT	₹ 22,17,882	₹ 18,30,474
W11(O) [2018-2020]	₹ 21,03,436	₹ 17,34,208
W11 (O) AT	₹ 22,47,603	₹ 18,55,474
W11 (O) AWD	₹ 22,35,599	₹ 18,45,376
W11 (O) AWD AT	₹ 23,79,661	₹ 19,66,553
W3	₹ 14,94,534	₹ 12,22,036
W5	₹ 17,31,233	₹ 14,15,994
W7	₹ 18,86,779	₹ 15,46,555
W9	₹ 20,95,106	₹ 17,21,419
W11 Opt	₹ 22,81,145	₹ 18,77,576
W7 AT	₹ 20,31,093	₹ 16,67,689
W9 AT	₹ 22,39,413	₹ 18,42,547
W11 Opt AT	₹ 24,25,578	₹ 19,98,809

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 XUV500 W3 will be ₹ 23,294 but you will have to pay interest of ₹ 7,34,660 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 ₹ 46,833, but your interest payment will be only ₹ 4,63,952 over the 3 years period.

₹ 24,778
Mahindra XUV500 price starts from ₹ 14,94,534 in Mumbai.

We have considered
Down-payement : ₹ 2,72,498
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XUV500 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,99,000

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 XUV500 starts from ₹ 14.95 Lakh, you can get a loan with an annual income as low as ₹ 4.99 lakh.

Here are the most important things you should consider while getting a car loan for a new XUV500

• 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.