- English
- Login / Register
Mahindra Bolero Neo EMI Calculator

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 Variants | Loan @ rate% | Down payment | EMI Amount(60 months) |
---|---|---|---|
Mahindra Bolero Neo N10 Limited Edition | 9.8 | Rs.1.37 Lakh | Rs.25,990 |
Mahindra Bolero Neo N10 R | 9.8 | Rs.1.33 Lakh | Rs.25,356 |
Mahindra Bolero Neo N10 Option | 9.8 | Rs.1.42 Lakh | Rs.27,107 |
Mahindra Bolero Neo N4 | 9.8 | Rs.1.08 Lakh | Rs.20,572 |
Mahindra Bolero Neo N8 | 9.8 | Rs.1.14 Lakh | Rs.21,689 |
Calculate your Loan EMI for Bolero Neo
- Total Loan AmountRs.0
- Payable AmountRs.0
- You''ll pay extraRs.0













Let us help you find the dream car
Find EMI of Bolero Neo Alternatives

Users Also Viewed
Mahindra Bolero Neo User Reviews
- All (49)
- Looks (20)
- Comfort (17)
- Performance (12)
- Mileage (9)
- Price (8)
- Seat (7)
- Safety (5)
- More ...
- LATEST
- HELPFUL
- CRITICAL
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
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
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
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
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
- 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
Popular Cars
- Mahindra TharRs.9.99 - 16.49 Lakh*
- Tata PunchRs.6.00 - 9.54 Lakh*
- Tata NexonRs.7.70 - 14.18 Lakh*
- Maruti BrezzaRs.7.99 - 13.96 Lakh*
- Toyota FortunerRs.32.59 - 50.34 Lakh*
Trending Mahindra Cars
- Popular
- Upcoming
- Mahindra TharRs.9.99 - 16.49 Lakh*
- Mahindra XUV700Rs.13.45 - 25.48 Lakh*
- Mahindra BoleroRs.9.53 - 10.48 Lakh*
- Mahindra Scorpio-NRs.12.74 - 24.05 Lakh*
- Mahindra XUV300Rs.8.41 - 14.07 Lakh*