Mahindra Verito Vibe CS Car Loan EMI Calculator

₹ 13,063.
Here is how - Mahindra Verito Vibe CS price starts from ₹ 7,18,982 in Gandhidham. If you pay a down payment of ₹ 74,735 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,063.

The cheapest Verito Vibe CS model is 1.5 D2 which is priced at ₹ 7,18,982 in Gandhidham. You will need to pay at least a ₹ 74,735 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 Verito Vibe CS.

Version	On-road price in Gandhidham	Max Loan
1.5 D2	₹ 7,18,982	₹ 6,44,247
1.5 D4	₹ 7,48,908	₹ 6,71,748
1.5 D6	₹ 8,17,679	₹ 7,34,947

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 Verito Vibe CS 1.5 D2 will be ₹ 11,206 but you will have to pay interest of ₹ 2,97,057 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 ₹ 22,530, but your interest payment will be only ₹ 1,66,833 over the 3 years period.

₹ 13,063
Mahindra Verito Vibe CS price starts from ₹ 7,18,982 in Gandhidham.

We have considered
Down-payement : ₹ 74,735
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Verito Vibe CS with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,40,000

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 Verito Vibe CS starts from ₹ 7.19 Lakh, you can get a loan with an annual income as low as ₹ 2.40 lakh.

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

• 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.