Mahindra XUV500 EMI Calculator
Mahindra XUV500 EMI starts at Rs 35,125 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 16.61 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 XUV500.
Mahindra XUV500 Down Payment and EMI
Mahindra XUV500 Variants | Loan @ rate% | Down payment | EMI Amount(60 months) |
---|---|---|---|
Mahindra XUV500 W11 Option | 9.8 | Rs.2.21 Lakh | Rs.42,242 |
Mahindra XUV500 W11 Option AT | 9.8 | Rs.2.36 Lakh | Rs.44,983 |
Mahindra XUV500 W7 | 9.8 | Rs.1.84 Lakh | Rs.35,125 |
Mahindra XUV500 W7 AT | 9.8 | Rs.1.98 Lakh | Rs.37,791 |
Mahindra XUV500 W9 | 9.8 | Rs.2.04 Lakh | Rs.38,920 |
Calculate your Loan EMI for XUV500
- Total Loan AmountRs.0
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Mahindra XUV500 User Reviews
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Cheetah On Road
Best big size Cheetah SUV in the price segment. You feel each and every second of driving. Good for long tours.
Good Performance
Good car, good model, and a great concept.
Very Powerful Car And Feature Loaded SUV
Nice car, nice pickup, nice power, and most important road presence is very nice. I love this car and its power.
Super Car With Value For Money
The best car available on road for a family with the most features in a car. Kids and parents feel comfortable in it
Nice Cabin To Be In.
Bought in October 2020. w11 opt black and I think that was my best decision I took the car to Kashmir from both sinthan and mughal road It was cheetah on the highway but ...Read More
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Frequently Asked Questions On Xuv500 Emi
What will be the lowest down payment for Mahindra XUV500?
The lenders generally finance 90% of the On-Road Price of the Mahindra XUV500. Some customers might be eligible for 100% funding, too. Down payment is the difference between the On-Road Price of the Mahindra XUV500 and the amount funded by the lender.
What will be the monthly EMI for the Mahindra XUV500?
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 XUV500 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. 16.61 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 35,125. 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 XUV500?
Interest rate for the Mahindra XUV500 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 XUV500?
EMI for the Mahindra XUV500 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.
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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.