Mahindra Kuv100 Car Loan: Features & Benefits
The key features of the Mahindra Kuv100 Car Loan are as follows:
|Interest Rate||8.25% to 14.26% (Avg is 9.40%)|
|Processing Fee||1.00%, a minimum of Rs. 5,000 to a maximum of Rs. 10,000|
|Loan Tenure||Up to 7 years|
|Lowest EMI||Rs. 1,556 per lakh|
|Loan Amount||Up to 100% of ex-showroom price|
|Prepayment Charges||5% from 13 to 24 months, 3% after 24 months|
Mahindra Kuv100 Car Loan Eligibility Criteria
The eligibility criteria to avail of a Mahindra Kuv100 Car Loan is given below:
|Age||21 years – 60 years|
|Minimum Annual Income||For Salaried Individuals: Rs. 0.01 Lakh Lakhs
For Self Employed Professionals: Rs. 0.01 Lakh Lakhs
For Self Employed Businessmen: Rs. 0.01 Lakh Lakhs
|Minimum Credit Score||700 and above|
|Loan Tenure||Up to 7 years|
|Loan to Value Ratio||100% of ex-showroom price|
Mahindra Kuv100 Car Loan EMI Calculator
Many banks offer different car loans; the best method for understanding a loan is the Car Loan EMI calculator, which helps borrowers calculate the specific monthly cost they will have to bear for the length of the loan. To measure the EMI value to be stated to the loan receiver, almost all banks use the same basic formula.
The formula is:
E= P. r. (1+r)n/[(1+r) n -1]
- E: refers to the monthly payment or EMI.
- P: refers to the principal amount for which you wish to apply.
- r: refers to the monthly interest rate computed as a percentage of yearly income,
- n: refers to the loan term in months.
Mahindra Kuv100 Car Loan Interest Rate, Fees, and Charges
|Interest Rate||8.25% to 14.26% (Avg of 9.40%)|
|Processing Fee||Less than Rs. 10,000 or 0.4% of car loan sanctioned|
|Foreclosure Charges||3% to 6% that depends on the loan tenure (no foreclosure fees for loans disbursed after 6 months ago)|
|Documentation Fees||Rs. 600 each time|
|Penalty for Late Payment||2% for each month|
|Financing Quantum||Up to 100% depending on customer profile|
Documents Required for Mahindra Kuv100 Car Loan
Suppose an applicant meets all of the eligibility criteria of the Mahindra Kuv100 Car Loan. In that case, the loan provider will require the applicant to send some necessary paperwork before the loan can be disbursed to verify his statements and satisfy some of the specific norms of loan provision. The essential documents are:
Engine and Transmission
|Engine Type||mFALCON G80 Engine|
|No. of cylinder||3|
|Valves Per Cylinder||4|
|Fuel Supply System||MPFI|
|Gear Box||5 Speed|
Fuel & Performance
|Fuel Tank Capacity (Litres)||35.0|
|Emission Norm Compliance||BS VI|
Suspension, Steering & Brakes
|Front Suspension||Independent McPherson Strut with Dual Path Mounts, Coil Spring|
|Rear Suspension||Semi-independent Twist Beam with Coil Spring|
|Shock Absorbers Type||Hydraulic Gas Charged|
|Steering Column||Tilt & Collapsible|
|Steering Gear Type||Rack & Pinion|
|Turning Radius (Metres)||5.05|
|Front Brake Type||Disc|
|Rear Brake Type||Drum|
Dimensions & Capacity
|Boot Space (Litres)||243|
|Ground Clearance Unladen (mm)||170|
|Wheel Base (mm)||2385|
|Front Tread (mm)||1490|
|Rear Tread (mm)||1490|
|No of Doors||5|
Mahindra Kuv100 Car key specs
|ARAI Mileage||18.15 kmpl|
|Engine Displacement (cc)||1198|
|Max Power (bhp@rpm)||82bhp@5500rpm|
|Max Torque (nm@rpm)||115Nm@3500-3600rpm|
|Fuel Tank Capacity||35.0|
Mahindra Kuv100 Price
The Mahindra KUV100 NXT is priced between Rs. 6.05 lakh and Rs. 7.71 lakh. The base model of the Mahindra KUV100 NXT is G80 K2 Plus 6 Str, and the full version is Mahindra KUV100 NXT G80 K8 6Str, which costs Rs. 7.71 lakh. The petrol variant of the KUV100 NXT costs between 6.10 and 7.76 lakh rupees.
Prices of Mahindra KUV100 Ex-showroom Delhi
|Mahindra KUV 100 G80 K2 Plus 6 Str||1198 cc, Manual, Petrol, 18.15 kmpl||Rs.6.05 Lakh|
|Mahindra KUV 100 G80 K4 Plus 6Str||1198 cc, Manual, Petrol, 18.15 kmpl||Rs.6.54 Lakh|
|Mahindra KUV 100 G80 K6 Plus 6Str||1198 cc, Manual, Petrol, 18.15 kmpl||Rs.7.07 Lakh|
Down payment required for Mahindra KUV100 Car Loan
- For Mahindra KUV 100 G80 K2 Plus 6 Str with a loan at a 9.8% rate, the downpayment is Rs.68,208 with an EMI of Rs.12,987 for 60 months.
- For Mahindra KUV 100 G80 K4 Plus 6Str with a loan at a 9.8% rate, the downpayment is Rs.73,617 with an EMI of Rs.14,004 for 60 months.
- For Mahindra KUV 100 G80 K6 Plus 6Str with a loan at a 9.8% rate, the downpayment is Rs.79,491 with an EMI of Rs.15,140 for 60 months.
- For Mahindra KUV100 NXT G80 K8 6Str with a loan at a 9.8% rate, the downpayment is Rs.86,603 with an EMI of Rs.16,475 for 60 months.
About Mahindra KUV100
Mahindra has released a new NXT sequence for the KUV100. It comes in five different variations, two engine choices, and eight colour schemes, including two dual-tone procedures. In addition, Mahindra has loaded the KUV with features and technology to ensure that it has the firepower to compete with the segment’s top-quality players.
New Safety & Security Features which are found on Every model of Mahindra KUV100
Automatic door lock, central door lock, and door open indicator are all standard safety features onboard.
Other safety features include
- Child safety locks on rear doors.
- Anti-slip clips for driver side doormats.
- ISOFIX child seat instals on the rear seat.
- Engine immobiliser.
- Anti-theft security alarm
- Dual airbags on all plus models and the range-topping model.
|Specs||Mahindra KUV100 NXT||Maruti Wagon R||Maruti Swift|
|On Road Price||Rs.8,66,036||Rs.6,97,839||Rs.7,18,639|
|Finance Available (EMI)||Rs.16,475||Rs.13,729||Rs.14,120|
|Engine Type||mFALCON G80 Engine||K12M Petrol Engine||K series Dual Jet|
|Max Power (bhp@rpm)||82bhp@5500rpm||81.80bhp@6000rpm||88.50bhp@6000rpm|
|Max Torque (nm@rpm)||115Nm@3500-3600rpm||113Nm@4200rpm||113Nm@4400rpm|
|No Of Cylinder||3||4||4|
|Valves Per Cylinder||4||4||4|
|Mileage (ARAI)||18.15 kmpl||20.52 kmpl||23.2 kmpl|
|Fuel Tank Capacity||35.0 (Litres)||32.0 (Litres)||37.0 (Litres)|
|Fuel Type||Transmission||ARAI Mileage|
How to get Mahindra KUV100 Car Loan
Dialabank, India’s First Financial Helpline, is the quickest way to get a car loan for a Mahindra KUV100. Customers who are involved will save time and money as a result of this. To apply for a loan, please go to www.dialabank.com. Dialabank can also be reached by calling 9878981166.
Mahindra KUV100 News
Apr 22, 2020 – Mahindra KUV100 NXT BS6 Launched. Priced From Rs 5.54 Lakh
Mahindra offers the KUV100 NXT BS6 only in four variants: K2+, K4+, K6+, and K8. As a result, it loses out on its diesel engine option. The BS6 upgrade has hiked prices uniformly by Rs 22,000 across all variants. It is still powered by the 1.2-litre petrol engine (82PS/115Nm) and comes mated to a 5-speed manual gearbox. Mahindra has priced the cross-hatchback in the range of Rs 5.54 lakh to Rs 7.15 lakh (ex-showroom Delhi).
Jun 07, 2019 – Mahindra KUV100 Diesel To Be Axed
Mahindra has confirmed that its smallest passenger vehicle, the KUV100 NXT, will do away with a diesel engine sometime in the future in the wake of BS6 emission norms kicking in from April 2020. The carmaker has also announced that all other diesel engines will be available after BS6 criteria are applied. The engine in question, the 1.2-litre, 3-cylinder mFalcon D75 turbocharged diesel motor that churns out 79PS along with 190Nm, was first introduced on the KUV100.
✅ What is the Mahindra KUV100 NXT average?
According to the manufacturer, the average mileage of the Mahindra KUV100 NXT as checked is 18.15 kmpl.
✅ What does the Mahindra KUV100 NXT’s monthly fuel cost?
The cost of fuel for any car is determined by its use and driving style. For example, assume you travel an average distance of 100 kilometres a day. Based on an average mileage of 18.15 kmpl, the fuel costs for a Mahindra KUV100 NXT should be Rs.12235.
✅ What is the power of the Mahindra KUV100 NXT’s fuel tank?
The Mahindra KUV100 NXT’s fuel tank has a size of 35.0 litres.
Table of Contents
- 1 Mahindra Kuv100 Car Loan: Features & Benefits
- 2 Mahindra Kuv100 Car Loan Eligibility Criteria
- 3 Mahindra Kuv100 Car Loan EMI Calculator
- 4 Mahindra Kuv100 Car Loan Interest Rate, Fees, and Charges
- 5 Documents Required for Mahindra Kuv100 Car Loan
- 6 Mahindra Kuv100
- 7 Mahindra Kuv100 Car key specs
- 8 Mahindra Kuv100 Price
- 9 Prices of Mahindra KUV100 Ex-showroom Delhi
- 10 Down payment required for Mahindra KUV100 Car Loan
- 11 About Mahindra KUV100
- 12 New Safety & Security Features which are found on Every model of Mahindra KUV100
- 13 Mahindra KUV100 Comparison with similar cars
- 14 Mahindra KUV100 Mileage
- 15 How to get Mahindra KUV100 Car Loan
- 16 Mahindra KUV100 News
- 17 Jun 07, 2019 – Mahindra KUV100 Diesel To Be Axed
- 18 FAQs