Mahindra Alturas G4 Car Loan

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Mahindra Alturas G4 Car Loan

Car Loan for Mahindra Alturas G4 Car Loan: Features & Benefits

Availing a Mahindra Alturas G4 Car loan would be different from the other loans that you might have come across. This is because of the various advantages this loan possesses. The features of the same are:

Features

Car Loan

Interest Rate

9.8% onwards

Processing Fee

1% of the amount

Loan Tenure

5 years

Lowest EMI

Rs. 64,994

Loan Amount

Rs. 30.73 lakhs

Prepayment Charges

Mahindra Alturas G4 Car Loan Eligibility Criteria

In order to avail of a Mahindra Alturas G4 Car Loan, you would have to meet the eligibility criteria that has been set by the bank. The eligibility criteria is:

Eligibility Criteria

Eligibility Details

Age

21 years – 60 years

Minimum Annual Income

Salaried: ₹ 0.01 Lakh Lakhs
Self Employed Professionals: ₹ 0.01 Lakh Lakhs
Self Employed Businessmen: ₹ 0.01 Lakh Lakhs

Minimum Credit Score

700 and above

Loan Tenure

5 years

Loan to Value Ratio

100% of ex-showroom price

Mahindra Alturas G4 Car Loan EMI Calculator

Each bank has different types of loans that are available at different rates depending on the applicant’s preferences and their eligibility. However, majority of them struggle with not being able to calculate their expenses properly and land in unwanted trouble. This is where using a Car Loan EMI Calculator, comes to use. This would help the applicants be more prepared and know what they are getting themselves into.

  • Mahindra Alturas G4 Car loan calculates your EMI’s in a completely new style, which you would have never seen anywhere else.
  • However, in the end, all the banks do use the same basic formula to calculate their EMI value which needs to be told/informed to the applicant. The formula that they use is:

E= P. r. (1+r)n/[(1+r) n -1]

E: denotes the monthly payment or EMI.

P: denotes the main amount for which you wish to apply.

r: is the monthly interest rate computed as a percentage of yearly income,

n: is the loan term in months.

Mahindra Alturas G4 Car Loan Interest Rate, Fees, and Charges

Interest Rate
9.8% onwards
Processing Fee
1% of the amount
Foreclosure Charges
3-6% after 6 months and no foreclosure charges for less than 6 months
Documentation Fees
Rs. 500, non-refundable
Penalty for Late Payment
2.5% each month
Financing Quantum
up to 100% depending on customer profile

Documents Required for Mahindra Alturas G4 Car Loan

Once, the applicant meets the eligibility criteria, the bank would ask them to submit a few documents as proof. The documents required to avail a Mahindra Alturas G4 Car loan, are:

Individual
Documentation
Salaried Applicant
Two Passport-size photocopies of your tax identification number (PAN)
Aadhaar, Passport/ Driving License/ Voter ID/ PAN are all acceptable forms of identification.
Automobile quote
Passport, Leave and License, Registered Rent Agreement, Utility Bill (up to 3 months old), Residential Address Proof.
3 months pay stubs, 2 years Form 16, 3 months bank statement displaying salary credit and any EMI debit
Vehicle Registration and Insurance
Self Employed Applicant
Two Passport Size Photo Copy of Income Tax PAN (Filled Out Loan Application Form)
Aadhaar, Passport, Driving License, Voter ID, and PAN is all acceptable forms of identification.
Car price quote
Proof of residential address – leave and license/registered rent agreement/utility bill (up to 3 months old), Passport.
Income Documents – 3 months pay stubs, 2 years of Form 16, 3 months bank statement displaying income credit and any EMI debit.
Vehicle Registration and Insurance

Mahindra Alturas G4 Car 

Mahindra Kuv100 Car Loan

Engine and Transmission 

Engine Type
2.2 litre diesel engine
Displacement (cc) 2157 cc
Max Power
178.49bhp@3800rpm
Max Torque
420Nm@1600-2600rpm
No. of cylinder 4
Valves Per Cylinder 4
Valve Configuration
TransmissionType Automatic
Gear Box
mercedes benz 7-Speed

Mahindra Alturas G4 Car Price

The new Mahindra Alturas G4 Car price is a dream for most individuals. Mahindra launched the all-new Alturas G4 in India with much fanfare as a full-size flagship SUV. The seven-seater Mahindra is offered in two trim levels – 4×2 and 4×4 – with one diesel powertrain across five colour options. The Mahindra-badged G4 Rexton was first showcased at the 2018 Auto Expo in Delhi. The ex-showroom price of the current base model is Rs. 28,73,906 with all the taxes, insurance and other expenses, the total price would be Rs. 34,15,208.

Prices of Mahindra Alturas G4  Ex-showroom Delhi

Model Variant Key specs
Ex-Showroom Price
Alturas G4 4X2 AT 2157 cc, Automatic, Diesel, 12.35 kmpl 28.73 lakhs
Alturas G4 4X4 AT 2157 cc, Automatic, Diesel, 12.05 kmpl 31.73 lakhs

Downpayment required for Mahindra Alturas G4 Car loan 

The Alturas ride on 18-inch alloy wheels. On the inside, the Alturas look very upmarket owing to the high-quality material used all around. The upright dashboard gets an eight-inch touchscreen infotainment system while the quilted leather upholstery makes the cabin look more premium. Because of all these features, it comes with a heavy price attached to it. The bank wouldn’t be able to cover it all. So you would have to make sure you have enough money kept to pay the downpayment and not completely rely on the loan.

About Mahindra Alturas G4 Car 

The Mahindra Alturas G4 car is one of the most expensive ones in the market, but it has all the high-quality material and has the latest infotainment system and pure leather upholstery. The long feature list includes an eight-way adjustable driver’s seat with memory function, dual-zone climate control, 350-degree camera, TPMS, ventilated seats, ISOFIX, active rollover protection, and most importantly nine airbags to name a few. Adding onto this, the new Alturas G4 is a 2.2-liter diesel engine, which means you would be saving a lot more in the long run.

How to get Mahindra Alturas G4 Car Loan

Mahindra Alturas is the best choice a customer can make when they are willing to invest their money and borrow money as a car loan to buy this beauty with the most modern facilities which is why it’s becoming increasingly popular. All the banks and NBFC would not be able to completely fund the whole value of such a modern car for their customers.

To protect the needs of such customers in distress, the solution to all of this would be to avail a car loan for the Mahindra Alturas G4 Car can be done with the help of India’s first and the best Financial Helpline, Dialabank.

To apply for a loan, visit our website at www.Dialabank.com  or You could contact us at 9878981166

News for Car Loan for Mahindra Alturas G4

14.05.21:

New Isuzu MU-X vs Mahindra Alturas G4 Spec comparison. The Isuzu MU-X is 4835mm long, 1860mm wide & 1860mm tall with a 2845mm wheelbase. It gets a ground clearance of 230mm and a boot capacity of 235 liters. The Mahindra Alturas G4 on the other hand is 4850mm long, 1960mm wide & 1845mm tall and sits on a 2865mm wheelbase. Both the brands are well established and are a very stable ground to be able to handle this competition. However, the end result of this competition is yet to be known.

14.05.21:

Should Citroen buyers consider Mahindra Alturas G4? The Citroen C5 Aircross is 4500mm long, 1969mm wide, and 1710mm tall. The car has a 2730mm wheelbase and gets a boot capacity of 580-liters. It also sits 230mm above the ground. The Mahindra Alturas G4 on the other hand is 4850mm long, 1960mm wide & 1845mm tall and sits on a 2865mm wheelbase. This one gets a ground clearance of 244mm and a boot capacity of 240 liters. This has been creating stiff competition between the two brands as well as confusion in the minds of the customers.

FAQs Car Loan for Mahindra Alturas G4

✅ Is Mahindra Alturas G4 a good investment?

Yes, Mahindra Alturas G4 would be quite an expensive investment, but it is worth every single penny. It would be a dream come true to many people to own such a car with extraordinary amenities.

✅ What is the Mahindra Alturas G4’s on-road price?

Mahindra Alturas G4’s on-road price ranges from Rs.28.73 – 31.73 Lakh.

✅ What are the documents required to be submitted for a car loan for Mahindra Alturas G4?

The documents required would be the usual identity documents, income proof documents, residence documents, and photo proof.

✅ What is the processing fee for a Mahindra Alturas G4 car loan?

The processing fee for the Mahindra Alturas G4 Car loan is 1% of the loan amount.