Mahindra XUV 3XO EMI Calculator— Mahindra If you are planning to buy the automatic variant of this SUV and the initial budget is low, then you can bring it to your home by paying a down payment of just Rs 2 lakh. According to Delhi Automobile Market data, the exact mathematics of on-road price and monthly installment (EMI) of its base automatic variant has been revealed.

Mahindra

Variants and on-road price breakup in Delhi

MX2 Pro Automatic is offered by Mahindra as the most affordable automatic variant of XUV 3XO. According to the latest data received from Delhi showrooms and RTO office, the ex-showroom price of this vehicle has been fixed at Rs 9,93,000. To register this car in Delhi, customers have to pay approximately Rs 69,000 as RTO fee and approximately Rs 49,000 for vehicle insurance. After adding all these mandatory charges, the estimated on-road price of Mahindra XUV 3XO MX2 Pro AT in Delhi comes to around Rs 11,12,000.

Complete calculation of bank loan and EMI on downpayment of Rs 2 lakh

If you make a downpayment of Rs 2 lakh from your own pocket for this car, you will have to take a car loan for the remaining amount from the bank. According to experts in the auto loan sector, its financial structure will work like this:

• Total on-road price: Around Rs 11.12 lakh
• Downpayment: Rs 2,00,000
• Total Loan Amount: Rs 9,12,000
• Estimated Interest Rate: 9.8% (Variable depending on bank and CIBIL score)
• Loan Tenure: 5 Years (60 Months) & 7 Years (84 Months)

If the bank charges an average annual interest rate of 9.8 percent on this loan amount, then your monthly EMI for a period of 5 years will be approximately Rs 19,298. At the same time, if you increase the loan tenure to 7 years (84 months), then the burden of monthly installment will reduce and you will have to pay EMI of around Rs 15,043 every month.

Auto experts’ opinion and important advice

“This base automatic variant from Mahindra in the compact SUV segment is a great option for those who want to avoid the hassle of manual gearshifts. However, customers must compare the processing fees and CIBIL score based interest rates of different banks before finalizing the loan, as even minor differences can affect your total EMI.”
— Senior Automobile Consultant, Connaught Place, New Delhi

Impact on buyers’ budget and next steps

Customers are directly contacting the nearest dealership regarding the waiting period and delivery schedule of this variant in the showrooms of Delhi-NCR. Please note that there may be minor variations in the on-road price of the vehicle depending on the accessories package chosen and the corporate discount. The process of getting a bank loan approved completely depends on your documents and banking history.