Mahindra XUV 3XO Car Loan EMI Calculator

₹ 15,187.
Here is how - Mahindra XUV 3XO price starts from ₹ 8,81,725 in Mumbai. If you pay a down payment of ₹ 1,32,725 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 15,187.

The cheapest XUV 3XO model is MX1 1.2 L TCMPFi which is priced at ₹ 8,81,725 in Mumbai. You will need to pay at least a ₹ 1,32,725 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for XUV 3XO.

Version	On-road price in Mumbai	Max Loan
MX1 1.2 L TCMPFi	₹ 8,81,725	₹ 7,49,000
MX2 Pro 1.2 L TCMPFi	₹ 10,57,136	₹ 8,99,000
MX2 1.5 Turbo Diesel	₹ 11,92,416	₹ 9,99,000
MX2 Pro 1.2 L TCMPFi AT	₹ 11,72,036	₹ 9,99,000
MX3 1.2 L TCMPFi AT	₹ 13,09,136	₹ 10,99,000
MX3 1.2 L TCMPFi	₹ 11,14,586	₹ 9,49,000
MX3 Pro 1.2 L TCMPFi	₹ 11,72,036	₹ 9,99,000
MX3 Pro 1.2 L TCMPFi AT	₹ 13,67,596	₹ 11,49,000
AX5 1.2 L TCMPFi	₹ 12,74,060	₹ 10,69,000
AX5 1.2 L TCMPFi AT	₹ 14,49,440	₹ 12,19,000
AX5L 1.2 TGDi	₹ 14,26,056	₹ 11,99,000
AX5L 1.2 TGDi AT	₹ 16,01,437	₹ 13,49,000
AX7 1.2 TGDi	₹ 14,84,516	₹ 12,49,000
AX7L 1.2 TGDi	₹ 16,59,897	₹ 13,99,000
AX7L 1.2 TGDi AT	₹ 18,39,357	₹ 15,49,000
AX7 1.2 TGDi AT	₹ 16,59,897	₹ 13,99,000
MX2 Pro 1.5 Turbo Diesel	₹ 12,60,180	₹ 10,39,000
MX3 1.5 Turbo Diesel	₹ 13,19,660	₹ 10,89,000
MX3 1.5 Turbo Diesel Autoshift Plus	₹ 14,14,828	₹ 11,69,000
MX3 Pro 1.5 Turbo Diesel	₹ 13,79,140	₹ 11,39,000
AX5 1.5 Turbo Diesel	₹ 14,62,412	₹ 12,09,000
AX5 1.5 Turbo Diesel Autoshift Plus	₹ 15,57,580	₹ 12,89,000
AX7 1.5 Turbo Diesel	₹ 16,52,749	₹ 13,69,000
AX7 1.5 Turbo Diesel Autoshift Plus	₹ 17,47,917	₹ 14,49,000
AX7L 1.5 Turbo Diesel	₹ 18,07,397	₹ 14,99,000

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for XUV 3XO MX1 1.2 L TCMPFi will be ₹ 13,743 but you will have to pay interest of ₹ 4,05,412 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 27,630, but your interest payment will be only ₹ 2,45,680 over the 3 years period.

₹ 15,187
Mahindra XUV 3XO price starts from ₹ 8,81,725 in Mumbai.

We have considered
Down-payement : ₹ 1,32,725
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XUV 3XO with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 2,94,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of XUV 3XO starts from ₹ 8.82 Lakh, you can get a loan with an annual income as low as ₹ 2.94 lakh.

Here are the most important things you should consider while getting a car loan for a new XUV 3XO

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.