Mahindra Bolero Neo Car EMI calculator

Option 1) Select your desired bank to see the interest amount you have to pay during the entire loan period and to see the emi chart for various periods against Mahindra Bolero Neo Car Loan.
Option 2) Get to know the bank which offer lowest emi, lowest processing charge and lowest documentation fee for loan on Mahindra Bolero Neo car.
Option 3) Enter the desired amount and desired interest rate of Mahindra Bolero Neo Car to know the emi and finance option.

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You can change the down payment as per your requirement.
EMI in Advance EMI in Arrears

To get finance for Mahindra Bolero Neo Click Here

Ex-showroom Price of Mahindra Bolero Neo : ₹ 9,99,901
Loan Amount : ₹ 8,49,916
Down Payment : ₹ 1,49,985

Document Charges : Rs.250
Processing Fee : ₹ 4,250
MonthsEMIChart
12₹ 73,839View Chart
24₹ 38,610View Chart
36₹ 26,900View Chart
48₹ 21,069View Chart
60₹ 17,591View Chart
72₹ 15,287View Chart
84₹ 13,656View Chart
Total Interest Amount is ₹ 36,154 for the loan amount of ₹ 8,49,916
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1May-2022₹ 73,839₹ 5,950₹ 67,889₹ 7,08,188
2Jun-2022₹ 73,839₹ 5,429₹ 68,410₹ 6,39,778
3Jul-2022₹ 73,839₹ 4,905₹ 68,934₹ 5,70,844
4Aug-2022₹ 73,839₹ 4,376₹ 69,463₹ 5,01,381
5Sep-2022₹ 73,839₹ 3,844₹ 69,995₹ 4,31,386
6Oct-2022₹ 73,839₹ 3,307₹ 70,532₹ 3,60,854
7Nov-2022₹ 73,839₹ 2,767₹ 71,072₹ 2,89,782
8Dec-2022₹ 73,839₹ 2,222₹ 71,617₹ 2,18,165
9Jan-2023₹ 73,839₹ 1,673₹ 72,166₹ 1,45,999
10Feb-2023₹ 73,839₹ 1,119₹ 72,720₹ 73,279
11Mar-2023₹ 73,839₹ 562₹ 73,2770
EMI in Advance EMI in Arrears
EMI in Advance EMI in Arrears

* Usually the margin on car loans would 15% to 25% which means banks will offer loan only up to 75% to 85% of ex-showroom price of the car. For calculation purpose we have considered the margin as 15%. Do note that loan will be offered only on ex-showroom price of the vehicle not on the on-road price (insurance, road tax, accessories, handling, extended warranty and other misc charged have to be taken care by the customer)

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