Mahindra XUV500 Car Loan EMI Calculator

₹ 25,116.
Here is how - Mahindra XUV500 price starts from ₹ 14,55,303 in Mirzapur. If you pay a down payment of ₹ 2,16,638 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 25,116.

The cheapest XUV500 model is W3 which is priced at ₹ 14,55,303 in Mirzapur. You will need to pay at least a ₹ 2,16,638 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 XUV500.

Version	On-road price in Mirzapur	Max Loan
G AT	₹ 18,93,542	₹ 16,17,922
W5 [2018-2020]	₹ 15,24,178	₹ 12,98,819
W7 [2018-2020]	₹ 16,69,860	₹ 14,26,055
W7 AT [2018-2020]	₹ 18,12,602	₹ 15,47,230
W9 [2018-2020]	₹ 18,69,226	₹ 15,96,685
W9 AT [2018-2020]	₹ 20,07,969	₹ 17,17,860
W11	₹ 20,15,069	₹ 17,24,061
W11 AT	₹ 21,53,916	₹ 18,45,327
W11(O) [2018-2020]	₹ 20,43,694	₹ 17,49,061
W11 (O) AT	₹ 21,82,541	₹ 18,70,328
W11 (O) AWD	₹ 21,70,980	₹ 18,60,230
W11 (O) AWD AT	₹ 23,08,220	₹ 19,80,093
W3	₹ 14,55,303	₹ 12,38,665
W5	₹ 16,82,760	₹ 14,31,672
W7	₹ 18,36,576	₹ 15,62,233
W9	₹ 20,37,228	₹ 17,37,097
W11 Opt	₹ 22,16,416	₹ 18,93,255
W7 AT	₹ 19,75,574	₹ 16,83,367
W9 AT	₹ 21,76,221	₹ 18,58,226
W11 Opt AT	₹ 23,55,527	₹ 20,14,488

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 XUV500 W3 will be ₹ 22,683 but you will have to pay interest of ₹ 6,66,707 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 ₹ 45,604, but your interest payment will be only ₹ 4,03,079 over the 3 years period.

₹ 25,116
Mahindra XUV500 price starts from ₹ 14,55,303 in Mirzapur.

We have considered
Down-payement : ₹ 2,16,638
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XUV500 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 4,86,000

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 XUV500 starts from ₹ 14.55 Lakh, you can get a loan with an annual income as low as ₹ 4.86 lakh.

Here are the most important things you should consider while getting a car loan for a new XUV500

• 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.