Mahindra Armada Car Loan EMI Calculator
Mahindra Armada EMI starts at 9,489 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ N/A . Mahindra Armada price starts at ₹ 4.68 Lakh and goes up to ₹ 6.50 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.
Variant
Grand 2WD
City
Mumbai
Adjust Armada Car Loan Parameters
On-Road Price
₹ 4,68,000₹ 9,489 for 5 Years
Mahindra Armada Loan Repayment Schedule
This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.
| Months | Principal Paid | Interest Paid | Balance Loan |
|---|
Mahindra Armada EMI
Mahindra Armada Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 0
| On-Road Price in Mumbai | Min Down Payment | EMI |
|---|---|---|
| Std ₹ 6,03,000 | ₹0 | ₹12,227 |
| Grand 2WD ₹ 4,68,000 | ₹0 | ₹9,489 |
| Grand 4WD ₹ 6,50,000 | ₹0 | ₹13,180 |
| AC ₹ 6,35,000 | ₹0 | ₹12,876 |
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Explore more about Mahindra Armada
Armada EMI FAQs
Here is how - Mahindra Armada price starts from ₹ 4,68,000 in Mumbai. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 9,489.
- 1. If you select a higher tenure loan, let's say 7 years, your EMI for Armada Grand 2WD will be ₹ 7,294 but you will have to pay interest of ₹ 1,44,696 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 ₹ 14,665, but your interest payment will be only ₹ 59,940 over the 3 years period.
Mahindra Armada price starts from ₹ 4,68,000 in Mumbai.
We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%
- 1. Age should be above 21
- 2. Your annual income should be above ₹ 1,56,000
