Mahindra XUV700 Car Loan EMI Calculator

₹ 28,444.
Here is how - Mahindra XUV700 price starts from ₹ 16,84,238 in Mumbai. If you pay a down payment of ₹ 2,81,438 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 28,444.

The cheapest XUV700 model is MX Petrol MT 5 STR which is priced at ₹ 16,84,238 in Mumbai. You will need to pay at least a ₹ 2,81,438 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
MX Petrol MT 5 STR	₹ 16,84,238	₹ 14,02,800
MX Petrol MT 5 STR (E)	₹ 17,42,784	₹ 14,52,799
AX 3 Petrol MT 5 STR	₹ 19,78,715	₹ 16,50,799
AX 3 Petrol MT 5 STR (E)	₹ 20,37,265	₹ 17,00,800
AX 5 Petrol MT 5 STR	₹ 21,35,041	₹ 17,84,300
AX 3 Petrol AT 5 STR	₹ 21,84,572	₹ 18,26,600
AX 5 Petrol MT 5 STR (E)	₹ 21,93,589	₹ 18,34,300
AX 5 Petrol MT 7 STR	₹ 22,13,727	₹ 18,51,499
AX 5 Petrol MT 7 STR (E)	₹ 22,72,277	₹ 19,01,500
AX 5 Petrol AT 5 STR	₹ 23,46,868	₹ 19,65,200
AX 7 Petrol MT 7 STR	₹ 25,11,485	₹ 20,87,599
AX 7 Petrol AT 7 STR	₹ 27,28,586	₹ 22,71,401
AX 7 Luxury Pack Petrol AT 7 STR	₹ 29,65,170	₹ 24,71,699
MX Diesel MT 5 STR	₹ 17,65,035	₹ 14,46,599
MX Diesel MT 5 STR (E)	₹ 18,24,606	₹ 14,96,601
AX 3 Diesel MT 5 STR	₹ 20,64,337	₹ 16,94,400
AX 3 Diesel MT 5 STR (E)	₹ 21,23,903	₹ 17,44,399
AX 3 Diesel MT 7 STR	₹ 21,62,982	₹ 17,77,200
AX 3 Diesel MT 7 STR (E)	₹ 22,22,548	₹ 18,27,199
AX 5 Diesel MT 5 STR	₹ 22,41,848	₹ 18,43,399
AX 3 Diesel AT 5 STR	₹ 22,99,750	₹ 18,92,000
AX 5 Diesel MT 7 STR	₹ 23,21,909	₹ 19,10,600
AX 5 Diesel AT 5 STR	₹ 24,84,383	₹ 20,29,600
AX 5 Diesel AT 7 STR	₹ 25,58,880	₹ 20,91,600
AX 7 Diesel MT 7 STR	₹ 26,32,414	₹ 21,52,799
AX 7 Diesel AT 7 STR	₹ 28,46,054	₹ 23,30,601
AX 7 Luxury Pack Diesel MT 7 STR	₹ 28,66,959	₹ 23,47,999
AX 7 Diesel AT AWD 7 STR	₹ 30,23,402	₹ 24,78,199
AX 7 Luxury Pack Diesel AT 7 STR	₹ 30,80,356	₹ 25,25,599
AX 7 Luxury Pack Diesel AT AWD 7 STR	₹ 32,38,484	₹ 26,57,200

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 5 STR will be ₹ 26,251 but you will have to pay interest of ₹ 8,02,284 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 ₹ 52,778, but your interest payment will be only ₹ 4,97,208 over the 3 years period.

₹ 28,444
Mahindra XUV700 price starts from ₹ 16,84,238 in Mumbai.

We have considered
Down-payement : ₹ 2,81,438
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 ₹ 5,62,000

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 ₹ 16.84 Lakh, you can get a loan with an annual income as low as ₹ 5.62 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.