Mahindra Thar Roxx Car Loan EMI Calculator

₹ 26,339.
Here is how - Mahindra Thar Roxx price starts from ₹ 15,62,692 in Mumbai. If you pay a down payment of ₹ 2,63,692 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 26,339.

The cheapest Thar Roxx model is MX1 Petrol MT 2WD which is priced at ₹ 15,62,692 in Mumbai. You will need to pay at least a ₹ 2,63,692 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 Thar Roxx.

Version	On-road price in Mumbai	Max Loan
MX3 Petrol AT 2WD	₹ 17,96,885	₹ 14,99,000
MX1 Diesel MT 2WD	₹ 17,08,329	₹ 13,99,000
MX1 Petrol MT 2WD	₹ 15,62,692	₹ 12,99,000
MX3 Diesel MT 2WD	₹ 19,50,681	₹ 15,99,000
AX3 L Diesel MT 2WD	₹ 20,69,817	₹ 16,99,000
MX3 Diesel AT 2WD	₹ 21,29,386	₹ 17,49,000
MX5 Petrol AT 2WD	₹ 21,52,254	₹ 17,99,000
AX5 L Diesel AT 2WD	₹ 23,08,090	₹ 18,99,000
MX5 Diesel AT 2WD	₹ 22,48,522	₹ 18,49,000
MX5 Diesel MT 2WD	₹ 20,69,817	₹ 16,99,000
AX7 L Diesel MT 2WD	₹ 23,08,090	₹ 18,99,000
MX5 Petrol MT 2WD	₹ 19,76,609	₹ 16,49,000
AX7 L Petrol AT 2WD	₹ 23,86,446	₹ 19,99,000
AX7 L Diesel AT 2WD	₹ 25,07,694	₹ 20,49,000

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 Thar Roxx MX1 Petrol MT 2WD will be ₹ 24,356 but you will have to pay interest of ₹ 7,46,904 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 ₹ 48,969, but your interest payment will be only ₹ 4,63,884 over the 3 years period.

₹ 26,339
Mahindra Thar Roxx price starts from ₹ 15,62,692 in Mumbai.

We have considered
Down-payement : ₹ 2,63,692
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Thar Roxx with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 5,21,000

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 Thar Roxx starts from ₹ 15.63 Lakh, you can get a loan with an annual income as low as ₹ 5.21 lakh.

Here are the most important things you should consider while getting a car loan for a new Thar Roxx

• 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.