Mahindra Xylo [2009-2012] Car Loan EMI Calculator

₹ 13,417.
Here is how - Mahindra Xylo [2009-2012] price starts from ₹ 6,61,715 in Bhubaneswar. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 13,417.

Here is a model wise list of max loan amount for Xylo [2009-2012].

Version	On-road price in Bhubaneswar	Max Loan
E4 BS-III	₹ 9,13,313	₹ 8,31,206
E6 BS-III	₹ 9,37,408	₹ 8,53,400
E8 BS-III	₹ 9,92,125	₹ 9,03,800
E8 ABS BS-III	₹ 10,24,831	₹ 9,33,926
D2 BS-III	₹ 8,20,594	₹ 7,48,565
E8 ABS Airbag BS-III	₹ 10,67,217	₹ 9,72,969
E6 Celebration	₹ 9,41,642	₹ 8,57,300
E4 BS-IV	₹ 9,23,887	₹ 8,40,946
E6 BS-IV	₹ 9,48,482	₹ 8,63,600
E8 BS-IV	₹ 10,03,850	₹ 9,14,600
E8 ABS BS-IV	₹ 10,18,401	₹ 9,28,003
E8 ABS Airbag BS-IV	₹ 10,80,503	₹ 9,85,206
E6 Celebration BS-IV	₹ 9,55,539	₹ 8,70,100
D2 BS-IV	₹ 8,34,910	₹ 7,61,751
Celebration Edition BS-III	₹ 10,05,587	₹ 9,16,200
Celebration Edition BS-IV	₹ 10,17,963	₹ 9,27,600
D4	₹ 8,90,101	₹ 8,09,825

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 Xylo [2009-2012] E2 will be ₹ 10,314 but you will have to pay interest of ₹ 2,04,661 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 ₹ 20,736, but your interest payment will be only ₹ 84,781 over the 3 years period.

₹ 13,417
Mahindra Xylo [2009-2012] price starts from ₹ 6,61,715 in Bhubaneswar.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Xylo [2009-2012] with a loan

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

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 Xylo [2009-2012] starts from ₹ 6.62 Lakh, you can get a loan with an annual income as low as ₹ 2.21 lakh.

Here are the most important things you should consider while getting a car loan for a new Xylo [2009-2012]

• 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.