Mahindra XUV700 Car Loan EMI Calculator

₹ 28,367.
Here is how - Mahindra XUV700 price starts from ₹ 16,46,772 in Uttarkashi. If you pay a down payment of ₹ 2,47,771 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 28,367.

The cheapest XUV700 model is MX Petrol MT 5 STR which is priced at ₹ 16,46,772 in Uttarkashi. You will need to pay at least a ₹ 2,47,771 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 Uttarkashi	Max Loan
MX Petrol MT 5 STR	₹ 16,46,772	₹ 13,99,001
AX 3 Petrol MT 5 STR	₹ 19,26,164	₹ 16,39,000
AX 5 Petrol MT 5 STR	₹ 20,75,336	₹ 17,69,000
AX 3 Petrol AT 5 STR	₹ 21,09,760	₹ 17,99,000
AX 5 Petrol MT 7 STR	₹ 21,90,084	₹ 18,69,000
AX 5 Petrol AT 5 STR	₹ 22,58,932	₹ 19,29,000
AX 7 Petrol MT 7 STR	₹ 22,81,882	₹ 19,49,000
AX 7 Petrol AT 7 STR	₹ 24,54,003	₹ 20,99,000
AX 7 Luxury Pack Petrol AT 7 STR	₹ 27,40,872	₹ 23,49,000
MX Diesel MT 5 STR	₹ 17,15,619	₹ 14,59,000
AX 3 Diesel MT 5 STR	₹ 19,95,013	₹ 16,99,000
AX 3 Diesel MT 7 STR	₹ 21,09,760	₹ 17,99,000
AX 5 Diesel MT 5 STR	₹ 21,44,185	₹ 18,29,000
AX 3 Diesel AT 5 STR	₹ 22,01,558	₹ 18,79,000
AX 5 Diesel MT 7 STR	₹ 22,58,933	₹ 19,29,001
AX 5 Diesel AT 5 STR	₹ 23,50,731	₹ 20,09,001
AX 5 Diesel AT 7 STR	₹ 24,65,478	₹ 21,09,000
AX 7 Diesel MT 7 STR	₹ 23,39,255	₹ 19,99,000
AX 7 Diesel AT 7 STR	₹ 25,22,851	₹ 21,59,000
AX 7 Luxury Pack Diesel MT 7 STR	₹ 26,26,124	₹ 22,49,000
AX 7 Diesel AT AWD 7 STR	₹ 26,60,548	₹ 22,79,000
AX 7 Luxury Pack Diesel AT 7 STR	₹ 27,98,245	₹ 23,99,000
AX 7 Luxury Pack Diesel AT AWD 7 STR	₹ 29,12,993	₹ 24,99,000
AX 7 Petrol MT 6 STR	₹ 23,04,829	₹ 19,68,999
AX 7 Petrol AT 6 STR	₹ 24,76,952	₹ 21,19,000
AX 7 Luxury Pack Petrol AT 6 STR	₹ 27,63,822	₹ 23,69,001
AX 7 Diesel MT 6 STR	₹ 23,62,205	₹ 20,19,000
AX 7 Diesel AT 6 STR	₹ 25,45,801	₹ 21,79,000
AX 7 Luxury Pack Diesel MT 6 STR	₹ 26,49,075	₹ 22,69,001
AX 7 Luxury Pack Diesel AT 6 STR	₹ 28,21,195	₹ 24,19,000
MX Petrol MT 5 STR (ESP)	₹ 17,04,142	₹ 14,48,999
AX 3 Petrol MT 5 STR (ESP)	₹ 19,83,539	₹ 16,89,001
AX 5 Petrol MT 5 STR (ESP)	₹ 21,32,710	₹ 18,19,000
AX 5 Petrol MT 7 STR (ESP)	₹ 22,47,457	₹ 19,19,000
MX Diesel MT 5 STR (ESP)	₹ 17,76,993	₹ 15,09,000
AX 3 Diesel MT 5 STR (ESP)	₹ 20,52,384	₹ 17,48,998
AX 3 Diesel MT 7 STR (ESP)	₹ 21,67,131	₹ 18,48,998
AX 7 Luxury Pack Petrol 7 STR Blaze Editon AT	₹ 29,76,104	₹ 25,54,000
AX 7 Luxury Pack Diesel 7 STR Blaze Editon MT	₹ 28,26,932	₹ 24,24,000
AX 7 Luxury Pack Diesel 7 STR Blaze Editon AT	₹ 30,33,478	₹ 26,04,000
MX Petrol MT 7 STR	₹ 17,04,144	₹ 14,49,000
MX Petrol MT 7 STR (ESP)	₹ 17,61,518	₹ 14,99,000
MX Diesel MT 7 STR	₹ 17,61,518	₹ 14,99,000
MX Diesel MT 7 STR (ESP)	₹ 18,22,892	₹ 15,49,000
AX5 Select Petrol MT 7 STR	₹ 19,83,538	₹ 16,89,000
AX5 Select Diesel MT 7 STR	₹ 20,52,387	₹ 17,49,000
AX5 Select Diesel AT 7STR	₹ 22,24,508	₹ 18,99,000
AX5 Select Petrol AT 7STR	₹ 21,67,134	₹ 18,49,000
AX5 Select Petrol MT 7STR (ESP)	₹ 20,40,909	₹ 17,38,998
AX5 Select Diesel MT 7 STR (ESP)	₹ 21,09,757	₹ 17,98,998
AX 5 Petrol AT 7 STR	₹ 23,16,304	₹ 19,78,999
AX 7 Petrol MT 7 STR Dual Tone	₹ 22,99,094	₹ 19,64,000
AX 7 Petrol MT 6 STR Dual Tone	₹ 23,22,041	₹ 19,83,999
AX 7 Petrol AT 7 STR Dual Tone	₹ 24,71,212	₹ 21,13,998
AX 7 Petrol AT 6 STR Dual Tone	₹ 24,94,165	₹ 21,34,000
AX 7 Luxury Pack Petrol AT 7 STR Dual Tone	₹ 27,58,084	₹ 23,64,000
AX 7 Luxury Pack Petrol AT 6 STR Dual Tone	₹ 27,81,033	₹ 23,84,000
AX 7 Diesel MT 7 STR Dual Tone	₹ 23,56,466	₹ 20,13,999
AX 7 Diesel MT 6 STR Dual Tone	₹ 23,79,415	₹ 20,33,999
AX 7 Diesel AT 7 STR Dual Tone	₹ 25,40,061	₹ 21,73,998
AX 7 Diesel AT 6 STR Dual Tone	₹ 25,63,011	₹ 21,93,999
AX 7 Luxury Pack Diesel MT 7 STR Dual Tone	₹ 26,43,333	₹ 22,63,998
AX 7 Luxury Pack Diesel MT 6 STR Dual Tone	₹ 26,66,284	₹ 22,83,999
AX 7 Diesel AT AWD 7 STR Dual Tone	₹ 26,77,759	₹ 22,93,999
AX 7 Luxury Pack Diesel AT 7 STR Dual Tone	₹ 28,15,455	₹ 24,13,998
AX 7 Luxury Pack Diesel AT 6 STR Dual Tone	₹ 28,38,407	₹ 24,34,000
AX 7 Luxury Pack Diesel AT AWD 7 STR Dual Tone	₹ 29,30,202	₹ 25,13,998

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 ₹ 25,667 but you will have to pay interest of ₹ 7,57,027 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 ₹ 51,604, but your interest payment will be only ₹ 4,58,743 over the 3 years period.

₹ 28,367
Mahindra XUV700 price starts from ₹ 16,46,772 in Uttarkashi.

We have considered
Down-payement : ₹ 2,47,771
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 ₹ 5,49,000

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 ₹ 16.47 Lakh, you can get a loan with an annual income as low as ₹ 5.49 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.