Mahindra XUV500 Car Loan EMI Calculator

₹ 25,075.
Here is how - Mahindra XUV500 price starts from ₹ 12,36,679 in Saswad. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 25,075.

Here is a model wise list of max loan amount for XUV500.

Version	On-road price in Saswad	Max Loan
W5	₹ 17,25,532	₹ 14,15,993
W7	₹ 18,85,017	₹ 15,46,554
W9	₹ 20,93,153	₹ 17,21,418
W11 Opt	₹ 22,79,022	₹ 18,77,575
W7 AT	₹ 20,29,199	₹ 16,67,688
W9 AT	₹ 22,37,330	₹ 18,42,547
W11 Opt AT	₹ 24,23,323	₹ 19,98,808

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 ₹ 19,275 but you will have to pay interest of ₹ 3,82,421 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 ₹ 38,753, but your interest payment will be only ₹ 1,58,429 over the 3 years period.

₹ 25,075
Mahindra XUV500 price starts from ₹ 12,36,679 in Saswad.

We have considered
Down-payement : ₹ 0
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 ₹ 4,13,000

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 ₹ 12.37 Lakh, you can get a loan with an annual income as low as ₹ 4.13 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.