Mahindra 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 Car Loan.
Option 2) Get to know the bank which offer lowest emi, lowest processing charge and lowest documentation fee for loan on Mahindra car.
Option 3) Enter the desired amount and desired interest rate of Mahindra Car to know the emi and finance option

EMI for the car you want
Suggest the best bank
EMI with rate you wish
You can change the price as per your requirement.
You can change the down payment as per your requirement.
EMI in Advance EMI in Arrears
Ex-showroom Price of Mahindra Alturas G4 : ₹ 28,69,000
Loan Amount : ₹ 24,38,650
Down Payment : ₹ 4,30,350

Document Charges : Rs.250
Processing Fee : ₹ 12,193
MonthsEMIChart
12₹ 2,11,865View Chart
24₹ 1,10,784View Chart
36₹ 77,184View Chart
48₹ 60,454View Chart
60₹ 50,472View Chart
72₹ 43,864View Chart
84₹ 39,183View Chart
Total Interest Amount is ₹ 1,03,737 for the loan amount of ₹ 24,38,650
EMI NumberEMI MonthEMI AmountInterest AmountPrincipal ReductionBalance Due
1Nov-2020₹ 2,11,865₹ 17,072₹ 1,94,793₹ 20,31,992
2Dec-2020₹ 2,11,865₹ 15,579₹ 1,96,286₹ 18,35,706
3Jan-2021₹ 2,11,865₹ 14,074₹ 1,97,791₹ 16,37,915
4Feb-2021₹ 2,11,865₹ 12,557₹ 1,99,308₹ 14,38,607
5Mar-2021₹ 2,11,865₹ 11,029₹ 2,00,836₹ 12,37,771
6Apr-2021₹ 2,11,865₹ 9,490₹ 2,02,375₹ 10,35,396
7May-2021₹ 2,11,865₹ 7,938₹ 2,03,927₹ 8,31,469
8Jun-2021₹ 2,11,865₹ 6,375₹ 2,05,490₹ 6,25,979
9Jul-2021₹ 2,11,865₹ 4,799₹ 2,07,066₹ 4,18,913
10Aug-2021₹ 2,11,865₹ 3,212₹ 2,08,653₹ 2,10,260
11Sep-2021₹ 2,11,865₹ 1,612₹ 2,10,2530
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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