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      Mahindra Bolero Neo Car Loan EMI Calculator

      Mahindra Bolero Neo EMI starts at 20,167 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 1.06 Lakh. Mahindra Bolero Neo price starts at ₹ 11.01 Lakh and goes up to ₹ 13.52 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.

      Mahindra Bolero Neo
      MahindraBolero Neo₹ 11.01 - 13.52 Lakh

      Variant

      N4

      Right Arrow

      City

      Ahmedabad

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      Adjust Bolero Neo Car Loan Parameters

      On-Road Price

      ₹ 11,00,781

      Bolero Neo N4 EMI

      20,167 for 5 Years

      Down Payment
      Loan Tenure (Months)
      Bank Interest Rate
      %

      Mahindra Bolero Neo N4 Car Loan EMI

      On-Road Price₹ 11,00,781
      Ex-Showroom Price₹ 994600
      Max Loan Amount₹ 994600
      Down Payment as per your Selectiont₹ 1,06,181
      Loan Amount₹ 9,94,600
      EMI Amount 20,167
      Interest Component2,15,420(17.8%)
      Principal Component9,94,600(82.2%)
      Total Payable over 5 Years12,10,020
      Note: This doesn't include bank processing fee.

      Mahindra Bolero Neo Loan Repayment Schedule

      This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.

      MonthsPrincipal PaidInterest PaidBalance Loan
      12₹ 1,68,531₹ 73,473₹ 8,26,069
      24₹ 1,82,521₹ 59,483₹ 6,43,548
      36₹ 1,97,671₹ 44,333₹ 4,45,877
      48₹ 2,14,077₹ 27,927₹ 2,31,800
      60₹ 2,31,800₹ 10,159₹ 0

      Mahindra Bolero Neo EMI

      Mahindra Bolero Neo Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 1,06,181

      On-Road Price in AhmedabadMin Down PaymentEMI
      N4

      ₹ 11,00,781

      ₹1,06,181₹20,167
      N8

      ₹ 11,86,337

      ₹1,22,536₹21,570
      N10

      ₹ 12,77,786

      ₹1,30,286₹23,267
      N10 (O)

      ₹ 13,52,083

      ₹1,36,583₹24,646

      Check Car Loan EMIs of Mahindra Bolero Neo Similar Cars

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      Explore more about Mahindra Bolero Neo

      Mahindra Bolero Neo
      Mahindra Bolero Neo
      ₹ 11.01 - 13.52 Lakh On-Road Price, Ahmedabad

      Bolero Neo EMI FAQs

      ₹ 20,167.
      Here is how - Mahindra Bolero Neo price starts from ₹ 11,00,781 in Ahmedabad. If you pay a down payment of ₹ 1,06,181 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 20,167.
      The cheapest Bolero Neo model is N4 which is priced at ₹ 11,00,781 in Ahmedabad. You will need to pay at least a ₹ 1,06,181 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 Bolero Neo.
      VersionOn-road price in AhmedabadMax Loan
      N4₹ 11,00,781₹ 9,94,600
      N8₹ 11,86,337₹ 10,63,801
      N10₹ 12,77,786₹ 11,47,500
      N10 (O)₹ 13,52,083₹ 12,15,500

      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 Bolero Neo N4 will be ₹ 17,157 but you will have to pay interest of ₹ 4,46,588 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 ₹ 34,494, but your interest payment will be only ₹ 2,47,184 over the 3 years period.