Mahindra XUV700 Car Loan EMI Calculator

₹ 27,693.
Here is how - Mahindra XUV700 price starts from ₹ 16,50,479 in Mumbai. If you pay a down payment of ₹ 2,84,679 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 27,693.

The cheapest XUV700 model is MX Petrol MT 7 STR which is priced at ₹ 16,50,479 in Mumbai. You will need to pay at least a ₹ 2,84,679 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 XUV700.

Version	On-road price in Mumbai	Max Loan
AX5 Petrol MT 7 STR	₹ 20,80,292	₹ 17,28,800
AX7 Petrol MT 7 STR	₹ 22,08,760	₹ 18,37,299
AX7 Petrol AT 7 STR	₹ 23,76,190	₹ 19,78,701
AX7 Luxury Pack Petrol AT 7 STR	₹ 26,44,626	₹ 21,86,200
AX5 Diesel MT 7 STR	₹ 21,95,784	₹ 17,94,799
AX5 Diesel AT 7 STR	₹ 23,77,601	₹ 19,45,700
AX7 Diesel MT 7 STR	₹ 23,03,742	₹ 18,84,400
AX7 Diesel AT 7 STR	₹ 25,18,156	₹ 20,44,700
AX7 Luxury Pack Diesel MT 7 STR	₹ 25,63,388	₹ 20,96,600
AX7 Diesel AT AWD 7 STR	₹ 26,37,044	₹ 21,57,900
AX7 Luxury Pack Diesel AT 7 STR	₹ 27,61,647	₹ 22,61,601
AX7 Luxury Pack Diesel AT AWD 7 STR	₹ 28,76,155	₹ 23,56,900
AX7 Petrol MT 6 STR	₹ 22,17,616	₹ 18,56,100
AX7 Petrol AT 6 STR	₹ 23,83,307	₹ 19,97,600
AX7 Luxury Pack Petrol AT 6 STR	₹ 26,48,656	₹ 22,05,000
AX7 Diesel MT 6 STR	₹ 23,11,713	₹ 19,03,300
AX7 Diesel AT 6 STR	₹ 25,23,736	₹ 20,63,600
AX7 Luxury Pack Diesel MT 6 STR	₹ 25,91,745	₹ 21,20,200
AX7 Luxury Pack Diesel AT 6 STR	₹ 27,84,353	₹ 22,80,499
AX5 Petrol MT 7 STR (ESP)	₹ 21,23,822	₹ 17,76,000
AX7 Luxury Pack Petrol 7 STR Blaze Editon AT	₹ 26,50,310	₹ 22,06,401
AX7 Luxury Pack Diesel 7 STR Blaze Editon MT	₹ 25,94,387	₹ 21,22,399
AX7 Luxury Pack Diesel 7 STR Blaze Editon AT	₹ 27,51,393	₹ 22,53,067
MX Petrol MT 7 STR	₹ 16,50,479	₹ 13,65,800
MX Petrol MT 7 STR (ESP)	₹ 16,94,565	₹ 14,12,900
MX Diesel MT 7 STR	₹ 17,35,768	₹ 14,13,000
MX Diesel MT 7 STR (ESP)	₹ 17,79,621	₹ 14,60,100
AX5 Select Petrol MT 7 STR	₹ 19,18,432	₹ 15,92,100
AX5 Select Diesel MT 7 STR	₹ 20,48,189	₹ 16,72,300
AX5 Select Diesel AT 7 STR	₹ 22,04,968	₹ 18,13,701
AX5 Select Petrol AT 7 STR	₹ 21,13,802	₹ 17,57,100
AX5 Select Petrol MT 7 STR (ESP)	₹ 19,63,634	₹ 16,39,200
AX5 Select Diesel MT 7 STR (ESP)	₹ 20,92,619	₹ 17,19,399
AX5 Petrol AT 7 STR	₹ 22,58,967	₹ 18,79,700
AX7 Petrol MT 7 STR Dual Tone	₹ 21,90,644	₹ 18,33,067
AX7 Petrol MT 6 STR Dual Tone	₹ 22,25,792	₹ 18,51,732
AX7 Petrol AT 7 STR Dual Tone	₹ 24,24,311	₹ 20,15,065
AX7 Petrol AT 6 STR Dual Tone	₹ 24,29,824	₹ 20,19,732
AX7 Luxury Pack Petrol AT 7 STR Dual Tone	₹ 26,99,919	₹ 22,48,401
AX7 Luxury Pack Petrol AT 6 STR Dual Tone	₹ 27,21,966	₹ 22,67,067
AX7 Diesel MT 7 STR Dual Tone	₹ 22,83,634	₹ 18,79,732
AX7 Diesel MT 6 STR Dual Tone	₹ 23,20,648	₹ 18,98,399
AX7 Diesel AT 7 STR Dual Tone	₹ 25,43,923	₹ 20,80,400
AX7 Diesel AT 6 STR Dual Tone	₹ 25,66,353	₹ 20,99,068
AX7 Luxury Pack Diesel MT 7 STR Dual Tone	₹ 26,39,246	₹ 21,59,733
AX7 Luxury Pack Diesel MT 6 STR Dual Tone	₹ 26,67,284	₹ 21,83,068
AX7 Diesel AT AWD 7 STR Dual Tone	₹ 26,78,498	₹ 21,92,400
AX7 Luxury Pack Diesel AT 7 STR Dual Tone	₹ 28,35,501	₹ 23,23,066
AX7 Luxury Pack Diesel AT 6 STR Dual Tone	₹ 28,57,931	₹ 23,41,733
AX7 Luxury Pack Diesel AT AWD 7 STR Dual Tone	₹ 29,47,646	₹ 24,16,399
AX7 Petrol MT 7 STR Ebony Limited Edition	₹ 21,90,644	₹ 18,33,067
AX7 Petrol AT 7 STR Ebony Limited Edition	₹ 23,54,579	₹ 19,73,067
AX7 Diesel MT 7 STR Ebony Limited Edition	₹ 22,83,636	₹ 18,79,733
AX7 Diesel AT 7 STR Ebony Limited Edition	₹ 24,87,850	₹ 20,33,733
AX7 Luxury Pack Petrol AT 7 STR Ebony Limited Edition	₹ 26,17,236	₹ 21,78,400
AX7 Luxury Pack Diesel MT 7 STR Ebony Limited Edition	₹ 25,55,137	₹ 20,89,733
AX7 Luxury Pack Diesel AT 7 STR Ebony Limited Edition	₹ 27,51,393	₹ 22,53,067
AX7 Petrol MT 6 STR Ebony Limited Edition	₹ 22,25,792	₹ 18,51,732
AX7 Diesel MT 6 STR Ebony Limited Edition	₹ 24,88,169	₹ 20,33,999
AX7 Petrol AT 6 STR Ebony Limited Edition	₹ 25,64,793	₹ 21,34,000
AX7 Diesel AT AWD 7 STR Ebony Limited Edition	₹ 28,12,593	₹ 23,04,000
AX7 Diesel AT 6 STR Ebony Limited Edition	₹ 26,92,436	₹ 22,04,000
AX7 Luxury Pack Diesel AT AWD 7 STR Ebony Limited Edition	₹ 30,64,921	₹ 25,14,000
AX7 Luxury Pack Diesel AT 6 STR Ebony Limited Edition	₹ 29,68,796	₹ 24,34,000
AX7 Luxury Pack Petrol AT 6 STR Ebony Limited Edition	₹ 28,24,647	₹ 23,53,999
AX7 Luxury Pack Diesel MT 6 STR Ebony Limited Edition	₹ 27,64,530	₹ 22,64,000

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 XUV700 MX Petrol MT 7 STR will be ₹ 25,725 but you will have to pay interest of ₹ 7,95,100 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 ₹ 51,720, but your interest payment will be only ₹ 4,96,120 over the 3 years period.

₹ 27,693
Mahindra XUV700 price starts from ₹ 16,50,479 in Mumbai.

We have considered
Down-payement : ₹ 2,84,679
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XUV700 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 5,51,000

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 XUV700 starts from ₹ 16.50 Lakh, you can get a loan with an annual income as low as ₹ 5.51 lakh.

Here are the most important things you should consider while getting a car loan for a new XUV700

• 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.