Mahindra Bolero Neo EMI Calculator

Mahindra Bolero Neo
49 reviews
Rs.9.48 - 11.99 Lakh*
*Ex-showroom Price in New Delhi
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Mahindra Bolero Neo EMI Calculator

Mahindra Bolero Neo EMI starts at Rs 20,572 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 9.73 Lakh. The EMI Calculator tool on CarDekho gives a detailed break-up of the total payable amount and helps you in finding best car finance for your Bolero Neo.

Mahindra Bolero Neo Down Payment and EMI

Mahindra Bolero Neo VariantsLoan @ rate%Down paymentEMI Amount(60 months)
Mahindra Bolero Neo N10 Limited Edition9.8Rs.1.37 LakhRs.25,990
Mahindra Bolero Neo N10 R9.8Rs.1.33 LakhRs.25,356
Mahindra Bolero Neo N10 Option9.8Rs.1.42 LakhRs.27,107
Mahindra Bolero Neo N49.8Rs.1.08 LakhRs.20,572
Mahindra Bolero Neo N89.8Rs.1.14 LakhRs.21,689
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Calculate your Loan EMI for Bolero Neo

Down PaymentRs.0
0Rs.0
Bank Interest Rate 8 %
8%22%
Loan Period ( Years )
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You''ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price
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Mahindra Bolero Neo User Reviews

4.3/5
Based on49 User reviews
  • All (49)
  • Looks (20)
  • Comfort (17)
  • Performance (12)
  • Mileage (9)
  • Price (8)
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  • Safety (5)
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  • Love To Ride Mahindra Bolero

    The brand Mahindra itself says it all. The SUV is one of India's favorite vehicles. The best thing you achieve is when you sit in the driver's seat. The power seems to th...Read More

    By user
    On: Jan 16, 2023 | 1184 Views
  • Dream Machine

    Bolero neo is a dream machine that graces the road majestically. Quick on the power, fabulous on the looks, comfort which could tranquilize you to relaxation and economic...Read More

    By siddharth chawla
    On: Jan 10, 2023 | 607 Views
  • Bolero Neo's Driving Is Great

    I'm going to buy it shortly as the appearance and effectiveness are worth it. Driving is great, buying is great, driving is great in terms of how the car looks and p...Read More

    By ballu chauhan
    On: Dec 05, 2022 | 3073 Views
  • Bolero Neo Has A Stunning Looks

    The Mahindra Bolero Neo has a stunning appearance, and my sister plans to buy one. Its exterior and interior are both excellent and incredibly comfortable. It p...Read More

    By jagmohan singh
    On: Dec 02, 2022 | 1155 Views
  • Mahindra Bolero Neo Best In Performance

    Whether driving in the city or on the highway, meaty torque builds up to 100 kmph.  Ride  Any road surface is exceedingly comfortable to ride on at speeds below...Read More

    By vishal barad
    On: Dec 01, 2022 | 996 Views
  • View All Bolero Neo Reviews

Frequently Asked Questions On Bolero Neo Emi

What will be the lowest down payment for Mahindra Bolero Neo?

The lenders generally finance 90% of the On-Road Price of the Mahindra Bolero Neo. Some customers might be eligible for 100% funding, too. Down payment is the difference between the On-Road Price of the Mahindra Bolero Neo and the amount funded by the lender.

What will be the monthly EMI for the Mahindra Bolero Neo?

EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for the Mahindra Bolero Neo can be calculated using the following formula:

{P x R x (1+R)^N / [(1+R)^N-1]}

where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.

For Example:- If the principal amount for a car loan is Rs. 9.73 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 20,572. The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 9.8% per annum, then R= 9.8/12 = 0.81%/month .

What will be the interest rate for the Mahindra Bolero Neo?

Interest rate for the Mahindra Bolero Neo primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 8.75% per annum to 11.50% per annum. If a customer holds an account with the financier then he may have a pre-approved new car loan offer available for him which can be verified by logging into his account. Customers can also negotiate with the financier for a better rate of interest against their loan amount.

What will be the EMI for 5 years tenure for the Mahindra Bolero Neo?

EMI for the Mahindra Bolero Neo for 5 years tenure can be calculated as per the following formula:-

{P x R x (1+R)^N / [(1+R)^N-1]}

Where, P = Principal amount of the loan, R = Rate of interest, N = Number of monthly installments which will be per month in case of 5 years tenure.

Running cost of your car

KM driven per day20 km/day
Monthly fuel costRs.0* / month

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Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not include any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.
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*Ex-showroom Price in New Delhi
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