Mahindra Kuv100 Car Loan

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Mahindra Kuv100 Car Loan

Mahindra Kuv100 Car Loan: Features & Benefits

The key features of the Mahindra Kuv100 Car Loan are as follows:

Features Car Loan
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 Upto 7 years
Lowest EMI Rs. 1,556 per lakh
Loan Amount Upto 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:

Eligibility Requirements Details
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 Upto 7 years
Loan to Value Ratio 100% of ex-showroom price

Mahindra Kuv100 Car Loan EMI Calculator

Many banks offer different types of car loans; the best method for understanding a loan is the Car Loan EMI calculator, which helps borrowers to 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 main 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

If an applicant meets all of the eligibility criteria of the Mahindra Kuv100 Car Loan, the loan provider will require the applicant to send some necessary paperwork before the loan can be disbursed in order to verify his statements and satisfy some of the specific norms of loan provision. The necessary documents are:

Individual  Documentation
Salaried Employees
  • Two Passport-size photos and a copy of your PAN card
  • Aadhaar, Passport, Driving License, Voter ID, PAN are required for identification proof.
  • Automobile rate 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 Applicants
  • Two Passport-size photos and a copy of your PAN card
  • Aadhaar, Passport, Driving License, Voter ID, and PAN are necessary for identity proof.
  • 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 Kuv100Mahindra Kuv100 Car Loan

Engine and Transmission

Engine Type mFALCON G80 Engine
Displacement (cc) 1198
Max Power 82bhp@5500rpm
Max Torque 115Nm@3500-3600rpm
No. of cylinder 3
Valves Per Cylinder 4
Valve Configuration DOHC
Fuel Supply System MPFI
Turbo Charger No
Super Charge No
TransmissionType Manual
Gear Box 5 Speed
Mild Hybrid No
Drive Type FWD

Fuel & Performance

Fuel Type Petrol
Mileage (ARAI) 18.15
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 Type Electric
Steering Column Tilt & Collapsible
Steering Gear Type Rack & Pinion
Turning Radius (Metres) 5.05
Front Brake Type Disc
Rear Brake Type Drum
Acceleration 14.5 seconds
0-100kmph 14.5 seconds

Dimensions & Capacity

Length (mm) 3700
Width (mm) 1735
Height (mm) 1655
Boot Space (Litres) 243
Seating Capacity 6
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
Fuel Type Petrol
Engine Displacement (cc) 1198
Max Power (bhp@rpm) 82bhp@5500rpm
Max Torque (nm@rpm) 115Nm@3500-3600rpm
Seating Capacity 6
Transmission Type Manual
Fuel Tank Capacity 35.0
Body Type Hatchback

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 top 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

Variant Specs
Ex-Showroom Price
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 different colour schemes, including two dual-tone schemes. 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.

Mahindra KUV100 Comparison with similar cars

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
Fuel Type Petrol Petrol Petrol
Mileage (ARAI) 18.15 kmpl 20.52 kmpl 23.2 kmpl
Fuel Tank Capacity 35.0 (Litres) 32.0 (Litres) 37.0 (Litres)

Mahindra KUV100 Mileage

Fuel Type Transmission ARAI Mileage
Petrol Manual 18.15 kmpl

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. 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. That said, the carmaker has also announced that all of its other diesel engines will be available post BS6 norms 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.

FAQs

✅ 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 is the Mahindra KUV100 NXT’s monthly fuel cost?

The cost of fuel for any car is determined by its use and driving style. 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.