Planning to bring home the base variant of the Mahindra XUV 3XO? How much EMI to pay after 1 lakh down payment? find out

• Mahindra XUV 3XO MX1 base variant on-road price in Delhi is around Rs 8.47 lakh.
• After a down payment of Rs 1 lakh, a loan of Rs 7.47 lakh will have to pay an EMI of Rs 12,023 per month for 7 years.
• The total cost of this car with interest comes to around Rs 12.09 lakh.

vehicle manufacturer Mahindra Mahindra offers the XUV 3XO in the form of a compact SUV. This SUV is offered in various variants in the market. If you are planning to buy the base variant of this SUV, then this news will be beneficial for you. It is very important to understand the maths of how much EMI you have to pay every month to bring the car home after a downpayment of Rs 1 lakh. Let’s know about this in detail now.

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Mahindra XUV 3XO Price

Mahindra introduces the MX1 as the base variant of the XUV 3XO. In fact, the base variant of this car is priced at Rs 7.54 lakh ex-showroom. If you are planning to buy this car in Delhi, you will have to spend around Rs 53 thousand for RTO and around Rs 40 thousand for insurance. After this, the on-road price of the base variant of the Mahindra XUV 3XO will be around Rs 8.47 lakh. (Photo Courtesy: Mahindra)

How much will be the EMI after 1 lakh down payment?

If you are planning to buy the base variant MX1 of this car, then the bank will give you a loan on the ex-showroom price of this car. So after making a down payment of Rs.1 lakh, you will have to take a loan of Rs.7.47 lakh from the bank. The bank will give you a loan of Rs 7.47 lakh for seven years with 9 percent interest. So you have to pay an EMI of Rs 12,023 every month for seven years.

How much will the car cost?

If you take a car loan of Rs 7.47 lakh for 7 years with 9 percent interest from a bank, you will have to pay an EMI of Rs 12,023 every month. In seven years, you will have to pay approximately Rs 2.62 lakh in interest for the base variant of the Mahindra XUV 3XO. After this, the total cost of your car including ex-showroom, on-road and interest will be around Rs 12.09 lakh.

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Who is the competition with?

The automaker presents the XUV 3XO as a compact SUV. This Mahindra SUV competes directly with SUVs like Renault Kygar, Maruti Breeze, Tata Nexon, Kia Sonet, Hyundai Venue and Nissan Magnite.