Mahindra XUV700 Car Loan EMI Calculator

₹ 28,367.
Here is how - Mahindra XUV700 price starts from ₹ 16,79,790 in Mumbai. If you pay a down payment of ₹ 2,80,789 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 28,367.

The cheapest XUV700 model is MX Petrol MT 5 STR which is priced at ₹ 16,79,790 in Mumbai. You will need to pay at least a ₹ 2,80,789 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 XUV700.

Version	On-road price in Mumbai	Max Loan
MX Petrol MT 5 STR	₹ 16,79,790	₹ 13,99,001
AX3 Petrol MT 5 STR	₹ 19,64,900	₹ 16,38,999
AX5 Petrol MT 5 STR	₹ 21,17,125	₹ 17,69,000
AX3 Petrol AT 5 STR	₹ 21,41,861	₹ 17,99,000
AX5 Petrol MT 7 STR	₹ 21,75,794	₹ 18,19,000
AX5 Petrol AT 5 STR	₹ 22,94,086	₹ 19,29,000
AX7 Petrol MT 7 STR	₹ 23,27,898	₹ 19,49,000
AX7 Petrol AT 7 STR	₹ 25,24,952	₹ 20,99,000
AX7 Luxury Pack Petrol AT 7 STR	₹ 28,20,243	₹ 23,49,000
MX Diesel MT 5 STR	₹ 17,73,497	₹ 14,59,000
AX3 Diesel MT 5 STR	₹ 20,59,424	₹ 16,99,000
AX3 Diesel MT 7 STR	₹ 21,78,560	₹ 17,99,000
AX5 Diesel MT 5 STR	₹ 22,14,301	₹ 18,29,000
AX3 Diesel AT 5 STR	₹ 22,50,041	₹ 18,58,999
AX5 Diesel MT 7 STR	₹ 22,73,868	₹ 18,78,999
AX5 Diesel AT 5 STR	₹ 24,04,919	₹ 19,89,000
AX5 Diesel AT 7 STR	₹ 24,85,284	₹ 20,38,999
AX7 Diesel MT 7 STR	₹ 24,27,226	₹ 19,99,000
AX7 Diesel AT 7 STR	₹ 26,39,866	₹ 21,59,000
AX7 Luxury Pack Diesel MT 7 STR	₹ 27,48,007	₹ 22,49,000
AX7 Diesel AT AWD 7 STR	₹ 27,84,054	₹ 22,79,000
AX7 Luxury Pack Diesel AT 7 STR	₹ 29,17,847	₹ 23,99,000
AX7 Luxury Pack Diesel AT AWD 7 STR	₹ 30,38,004	₹ 24,99,000
AX7 Petrol MT 6 STR	₹ 23,51,315	₹ 19,68,999
AX7 Petrol AT 6 STR	₹ 25,48,576	₹ 21,19,000
AX7 Luxury Pack Petrol AT 6 STR	₹ 28,43,867	₹ 23,69,001
AX7 Diesel MT 6 STR	₹ 24,71,647	₹ 20,19,000
AX7 Diesel AT 6 STR	₹ 26,63,897	₹ 21,79,000
AX7 Luxury Pack Diesel MT 6 STR	₹ 27,72,039	₹ 22,69,001
AX7 Luxury Pack Diesel AT 6 STR	₹ 29,52,272	₹ 24,19,000
MX Petrol MT 5 STR (ESP)	₹ 17,38,335	₹ 14,48,999
AX3 Petrol MT 5 STR (ESP)	₹ 20,23,449	₹ 16,89,001
AX5 Petrol MT 5 STR (ESP)	₹ 21,75,673	₹ 18,18,999
AX5 Petrol MT 7 STR (ESP)	₹ 22,34,341	₹ 18,68,999
MX Diesel MT 5 STR (ESP)	₹ 18,33,065	₹ 15,09,000
AX3 Diesel MT 5 STR (ESP)	₹ 21,18,989	₹ 17,48,998
AX3 Diesel MT 7 STR (ESP)	₹ 22,48,519	₹ 18,48,998
AX7 Luxury Pack Petrol 7 STR Blaze Editon AT	₹ 30,62,381	₹ 25,54,000
AX7 Luxury Pack Diesel 7 STR Blaze Editon MT	₹ 29,47,887	₹ 24,24,000
AX7 Luxury Pack Diesel 7 STR Blaze Editon AT	₹ 31,64,168	₹ 26,04,000
MX Petrol MT 7 STR	₹ 17,38,337	₹ 14,49,000
MX Petrol MT 7 STR (ESP)	₹ 18,21,151	₹ 14,99,000
MX Diesel MT 7 STR	₹ 18,21,151	₹ 14,99,000
MX Diesel MT 7 STR (ESP)	₹ 18,80,719	₹ 15,49,000
AX5 Select Petrol MT 7 STR	₹ 20,13,055	₹ 16,89,000
AX5 Select Diesel MT 7 STR	₹ 21,18,992	₹ 17,49,000
AX5 Select Diesel AT 7 STR	₹ 22,97,696	₹ 18,99,000
AX5 Select Petrol AT 7 STR	₹ 22,00,409	₹ 18,49,000
AX5 Select Petrol MT 7 STR (ESP)	₹ 20,71,600	₹ 17,38,998
AX5 Select Diesel MT 7 STR (ESP)	₹ 21,78,557	₹ 17,98,998
AX5 Petrol AT 7 STR	₹ 23,63,028	₹ 19,79,000
AX7 Petrol MT 7 STR Dual Tone	₹ 23,45,462	₹ 19,64,000
AX7 Petrol MT 6 STR Dual Tone	₹ 23,68,880	₹ 19,83,999
AX7 Petrol AT 7 STR Dual Tone	₹ 25,42,667	₹ 21,13,998
AX7 Petrol AT 6 STR Dual Tone	₹ 25,66,293	₹ 21,34,000
AX7 Luxury Pack Petrol AT 7 STR Dual Tone	₹ 28,37,960	₹ 23,64,000
AX7 Luxury Pack Petrol AT 6 STR Dual Tone	₹ 28,61,584	₹ 23,84,000
AX7 Diesel MT 7 STR Dual Tone	₹ 24,65,638	₹ 20,13,999
AX7 Diesel MT 6 STR Dual Tone	₹ 24,89,669	₹ 20,33,999
AX7 Diesel AT 7 STR Dual Tone	₹ 26,57,886	₹ 21,73,998
AX7 Diesel AT 6 STR Dual Tone	₹ 26,81,919	₹ 21,93,999
AX7 Luxury Pack Diesel MT 7 STR Dual Tone	₹ 27,66,027	₹ 22,63,998
AX7 Luxury Pack Diesel MT 6 STR Dual Tone	₹ 27,90,059	₹ 22,83,999
AX7 Diesel AT AWD 7 STR Dual Tone	₹ 28,02,075	₹ 22,93,999
AX7 Luxury Pack Diesel AT 7 STR Dual Tone	₹ 29,35,868	₹ 24,13,998
AX7 Luxury Pack Diesel AT 6 STR Dual Tone	₹ 29,70,296	₹ 24,34,000
AX7 Luxury Pack Diesel AT AWD 7 STR Dual Tone	₹ 30,56,024	₹ 25,13,998

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 XUV700 MX Petrol MT 5 STR will be ₹ 26,182 but you will have to pay interest of ₹ 8,00,287 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 ₹ 52,639, but your interest payment will be only ₹ 4,96,003 over the 3 years period.

₹ 28,367
Mahindra XUV700 price starts from ₹ 16,79,790 in Mumbai.

We have considered
Down-payement : ₹ 2,80,789
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy XUV700 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 5,60,000

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 XUV700 starts from ₹ 16.80 Lakh, you can get a loan with an annual income as low as ₹ 5.60 lakh.

Here are the most important things you should consider while getting a car loan for a new XUV700

• 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.