Mahindra BOLERO PikUP ExtraStrong EMI Calculator

Mahindra BOLERO PikUP ExtraStrong EMI starts at Rs 18,920 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 8.94 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 PikUP ExtraStrong.

Mahindra BOLERO PikUP ExtraStrong Down Payment and EMI

Mahindra BOLERO PIK UP Extra Strong VariantsLoan @ rate%Down paymentEMI Amount(60 months)
Mahindra BOLERO PIK UP Extra Strong 4WD MS9.8Rs.1.01 LakhRs.19,235
Mahindra BOLERO PIK UP Extra Strong 4WD PS9.8Rs.1.05 LakhRs.20,080
Mahindra BOLERO PIK UP Extra Strong CBC 1.3T MS9.8Rs.99,362Rs.18,920
Mahindra BOLERO PIK UP Extra Strong CBC 4WD PS9.8Rs.1.03 LakhRs.19,526
Mahindra BOLERO PIK UP Extra Strong FB 1.3T MS9.8Rs.1.04 LakhRs.19,767
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Calculate your Loan EMI for BOLERO PikUP ExtraStrong

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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Frequently Asked Questions On Bolero Pikup Extrastrong Emi

What will be the lowest down payment for Mahindra BOLERO PikUP ExtraStrong?

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

What will be the monthly EMI for the Mahindra BOLERO PikUP ExtraStrong?

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 PikUP ExtraStrong 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. 8.94 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 18,920. 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 PikUP ExtraStrong?

Interest rate for the Mahindra BOLERO PikUP ExtraStrong 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 PikUP ExtraStrong?

EMI for the Mahindra BOLERO PikUP ExtraStrong 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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