Mahindra TUV300 Car loan

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Mahindra TUV300 Car loan

Car Loan for Mahindra TUV300: Features & Benefits

In the mid-size SUV section, the Mahindra TUV300 one of the newest car model offered by Mahindra in India. Mahindra TUV300 is a popular choice among nuclear family purchasers that want to buy an SUV. Mahindra TUV300 Car Loan is a good option for consumers who do not have the necessary funds to purchase a Mahindra TUV300.

Features Mahindra TUV300 Car loan
Rate of Interest 8.25% – 14.26% (Avg – 9.40%)
Provision Fee 1.00% Min Rs. 5,000 Max Rs. 10,000
Loan Time period Upto seven years
Minimum EMI ₹ 1,556 per lakh
Amount of Loan Upto 100% of ex-showroom price
Foreclosure Charges 5% from 13-24 months, 3% after 24 months

Mahindra TUV300 Car Loan Eligibility Criteria

Candidates must meet certain requirements in order to obtain a Mahindra TUV300 Car Loan, which includes:

Eligibility Criteria Eligibility Details
Age 21 years – 60 years
Minimum Annual Income Salaried: ₹ 10,000

Self Employed Professionals: ₹ 10,000 

Self Employed Businessmen: ₹ 10,000

Minimum Credit Score 700 and above
Loan Tenure Seven years
Loan to Value Ratio 100% of ex-showroom price

Mahindra TUV300 Car Loan EMI Calculator

Because it allows applicants to determine the precise monthly payment they will have to make throughout the life of their credit, the EMI calculator for the Mahindra TUV300 Car Loan is the most crucial tool for understanding a loan.

It enables applicants to calculate how much they will be required to pay each month throughout the duration of their loan term.

Depending on the approach employed, the EMI for a Mahindra TUV300 Car loan is computed differently.

EMI debts are the most prevalent type of debt repayment, which comprises paying a sliding scale of interest on the outstanding loan amount at or after the end of each month.

In essence, all the loan provider use the underlying formula to calculate any loan EMI.

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

The monthly payment, often known as an EMI, is denoted by the letter E.

The principal amount for which you desire to apply is denoted by the letter P.

the monthly interest rate expressed as a proportion of annual revenue denoted by the letter R;

The loan period is expressed in the Number of months denoted by the letter n.

Mahindra TUV300 Car Loan Interest Rate, Fees, and Charges

Like any other loan, a Mahindra TUV300 car loan includes certain hidden expenses that the borrower must meet in order for the loan to be approved. The costs are as follows:

Interest Rate 8.25% – 14.26% (Avg – 9.40%)
Processing Fee Lower of Rs. 10,000 or 0.4% of car loan sanctioned
Foreclosure Charges 3% to 6% depending on loan tenure (no foreclosure for loans disbursed <6 months ago)
Documentation Fees Rs. 600 each time
Penalty for Late Payment 2% each month
Financing Quantum up to 100% depending on customer profile

Documents Required for Mahindra TUV300 Car Loan

Before a Mahindra TUV300 Car loan is provided, if an application fulfils all of the loan’s eligibility conditions, the applicant will be requested to present supporting documentation to prove his claims as well as fulfil certain credit and legal criteria. The following documents are required:

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.

Three months pay stubs, two 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, two years of Form 16, 3 months bank statement displaying income credit and any EMI debit.

Vehicle Registration and Insurance

Mahindra TUV300

ARAI Mileage 18.49 kmpl
Fuel Type Diesel
Engine Displacement (cc) 1493
Max Power (bhp@rpm) 100bhp@3750rpm
Max Torque (nm@rpm) 240Nm@1600-2800rpm
Seating Capacity 7
TransmissionType Manual
Boot Space (Litres) 384
Fuel Tank Capacity 60.0
Body Type SUV

Key Specs of Mahindra TUV300

Features Yes/No
Power Steering Yes
Power Windows Front Yes
Anti Lock Braking System Yes
Air Conditioner Yes
Driver Airbag Yes
Passenger Airbag Yes
Automatic Climate Control No
Fog Lights – Front No
Wheel Covers No

Mahindra TUV300 Latest Update

Mahindra TUV300 Car loan

The Mahindra TUV300 was introduced by Mahindra & Mahindra on September 10th, 2015, and was constructed by the business in August of the same year. It’s a subcompact SUV with seating for seven people. 

It has a 3-cylinder turbocharged diesel engine that gets 18.49 kilometres per litre. Mystic copper, Bold black, Pearl white, Highway red, and Majestic silver are among the five colours offered for the Mahindra TUV300.

The car has a peak torque of 240Nm @1600 rpm and a maximum power of 100PS @3750 rpm. 

TUV300 is available in seven different configurations that areT4 Plus, T8, T6 Plus, T10, T10 (O), T10 Dual Tone, and T10 (O) Dual Tone. The subcompact SUV features a 384-litre cargo area. TUV300’s centre row may be folded without a split. The split-folding back seat would have improved the car’s overall appearance and made it more capacious. 

The car provides a smooth and pleasant ride for its passengers, making it excellent for highway travel and city driving. It is powered by the mHawk80, a three-cylinder turbocharged diesel engine. 

The Mahindra TUV300 gets 60 per cent better mileage than comparable SUV or SUV sub-compact automobiles. 

Fog lamp chrome, stylish alloy wheels, tech micro-hybrid technology, power steering, air conditioner, heater, digital immobilisers, ABS with CBC and EBD, cuboidal fog lamps, and clear-lens headlights are some of the TUV300’s important features.

Mahindra TUV300 Price

In the Indian mid-size SUV vehicle segment, Mahindra TUV300 is a newly introduced car; it attracts customers looking for an SUV with all the modern features and is made by Mahindra that are the expert manufacturers of SUV class vehicles.

The Mahindra TUV300 is priced from Rs. 8.59 lakh to Rs. 10.61 lakh. The pricing of the TUV300 Diesel model ranges from Rs. 8.59 lakh to Rs. 10.61 lakh.

Mahindra TUV300 Car Loan is an opportunity that enhances the affordability of a new service car for a large number of regular earners that wish to own a Mahindra TUV300.

Prices of Mahindra TUV300 Ex-showroom Delhi

T4 Plus

Ex-showroom ₹ 8,54,328
Insurance ₹ 47,978
RTO Amount ₹ 74,753
Est On-Road Price* ₹ 9.77 Lakh

T6 Plus

Ex-showroom ₹ 9,14,328
Insurance ₹ 50,678
RTO Amount ₹ 80,003
Est On-Road Price* ₹ 10.45 Lakh

T8 100HP

Ex-showroom ₹ 9,76,592
Insurance ₹ 53,480
RTO Amount ₹ 85,451
Est On-Road Price* ₹ 11.16 Lakh

T10 100HP

Ex-showroom ₹ 9,99,614
Insurance ₹ 54,516
RTO Amount ₹ 87,466
Est On-Road Price ₹ 11.42 Lakh

T10 100HP Dual Tone

Ex-showroom ₹ 10,22,930
Insurance ₹ 55,565
RTO Amount ₹ 1,27,866
Est On-Road Price ₹ 12.17 Lakh

T10 (O)

Ex-showroom ₹ 10,31,943
Insurance ₹ 55,971
RTO Amount ₹ 1,28,992
Est On-Road Price ₹ 12.27 Lakh

T10 (O) Dual Tone

Ex-showroom ₹ 10,55,259
Insurance ₹ 57,020
RTO Amount ₹ 1,31,907
Est On-Road Price  ₹ 12.55 Lakh

About Mahindra TUV300

Mahindra & Mahindra Limited, based in Mumbai, Maharashtra, India, is an Indian multinational automobile manufacturing firm. It began as Muhammad & Mahindra in 1945 and was subsequently renamed Mahindra and Mahindra. It is one of India’s major vehicle manufacturers by production and the world’s largest tractor maker. It is a subsidiary of the Mahindra Group, a conglomerate based in India. 

It was rated 17th on Fortune India 500’s list of leading companies in India in 2018. Maruti Suzuki and Tata Motors are two of its main competitors in India.

On October 2, 1945, brothers Kailash Chandra Mahindra and Jagdish Chandra Mahindra, along with Malik Ghulam Muhammad, formed Mahindra & Mahindra as a steel trading firm in Ludhiana as Mahindra & Muhammed. Anand Mahindra, the current Chairman of the Mahindra Group, is Jagdish Chandra Mahindra’s grandson. Muhammad moved to Pakistan after India got independence and the formation of Pakistan. Muhammad became Pakistan’s first finance minister in 1948 after obtaining Pakistani citizenship and settling in Lahore.

Mahindra TUV300 is a new car by Mahindra as they in recent years have started a new segment of personal use and feature-packed SUVs. 

TUV300 is meant to compete against the new segment mid-size SUVs such as Maruti’s Vitara Brezza, Kia Sonet, Hyundai Venue, etc.

Mahindra TUV300 Car loan is an added advantage to the interested customers that want to buy the still available Mahindra TUV300. Mahindra TUV300 Car Loan can be a means for a person who might not be able to afford Mahindra TUV300 under regular conditions.

Mahindra TUV300 Mileage

The new Mahindra TUV300 is a vehicle that is only available in Diesel. A standard manual transmission (MT) is the only transmission option offered, but the chances of automatic transmission being used in the future in Mahindra TUV300 are high.

  • The claimed maximum mileage under ARAI is 18.49 kmpl 
  • Mahindra TUV300 Diesel fuel economy is 17.45 kmpl
Fuel Type Transmission ARAI Mileage
Diesel (1493 cc) Manual 18.49 kmpl

How to get Mahindra TUV300 Car Loan

Customers seeking a mid-size SUV from a respected vehicle manufacturer might consider the Mahindra TUV300. All banks and non-bank financial organisations may find themselves unable to fund the car’s worth for their consumers.

Because it is a custom-made loan, customers should choose the Mahindra TUV300 Car Loan. Mahindra TUV300 Car Loan is a loan that allows Mahindra TUV300 customers to get fast cash. Mahindra TUV300 Car Loan creates instant liquidity for the loan recipients to buy Mahindra TUV300.

Dialabank, India’s First Financial Helpline, is the quickest and most convenient option for potential consumers to apply for a Mahindra TUV300 Car Loan, saving them time and effort.

To find the best car loan for all kinds of four-wheelers, visit the Dialabank website.

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Call us at Dialabank: 9878981144

Mahindra TUV300 Car Loan News

2020-10-13:

In the photographs, the new Mahindra TUV300 is shown with partial camouflage, most of which is put to the front region of the SUV, hinting that it would receive a facelift.

Images of the revised Mahindra TUV300, which is BS6 compliant, have leaked online, and this time we get a better look at the subcompact SUV. The TUV300 is the only car in Mahindra’s lineup that has yet to comply with BS6 emission requirements, and it’s probable that it may be released this year. In comparison to the more luxurious Mahindra XUV300, the TUV300 has been more of a utilitarian sub-4 metre SUV, based on the traditional ladder-on-frame chassis.

2020-01-03:

Several Mahindra test mules were sighted roaming the outskirts of Chennai in 2019. While several are next-generation vehicles, such as the Scorpio and XUV500, others will be upgraded just to comply with forthcoming emission regulations. A test mule for the next-generation TUV300 Plus has also been discovered. Given that Mahindra has said that the vehicle would not be phased out, it appears that the Indian manufacturer has begun testing it with a BS6 compliant engine.

2019-08-31:

The Kolkata Police Department recently received 92 Mahindra TUV300 cars from Mahindra and Mahindra. With this, the Kolkata Police Department has become the 13th in the country to add the TUV300 to its fleet. On August 29, 2019, 58 Mahindra TUV300 patrol cars were flagged off from a total of 92 patrol vehicles. In fact, the Government of Andhra Pradesh added 242 Mahindra TUV300 SUVs to the state’s police fleet in January of this year. These Mahindra TUV300 SUVs have been customised to meet the needs of the Kolkata Police Department.

FAQs Mahindra TUV300 Car Loan 

✅ What is the Mahindra TUV300’s On-Road and Ex-Showroom Price?

The ex-showroom pricing of the Mahindra TUV300 in New Delhi starts at Rs. 8.54 lakh and goes up to Rs. 10.55 lakh. The Mahindra TUV300 is priced at Rs. 14.78 lakh on the road in New Delhi.

What is the Mahindra TUV300’s mileage?

The Mahindra TUV300 Diesel model yields 18.50 km/l in terms of stated fuel economy.

Is the Mahindra TUV300 a reliable vehicle?

Mahindra has just released the first mid-life makeover for the TUV300, according to analysts. We had the opportunity to spend a whole day with it, and this is what we have to say about the 2019 Mahindra TUV300 facelift.

What is Mahindra TUV300’s seating capacity?

The Mahindra TUV300 can accommodate up to seven passengers.

What are the most popular Mahindra TUV300 variants?

The Mahindra TUV300 is available in seven different models. The most popular are the T6 Plus, T4 Plus, and T10 100HP.

Between the TUV300 and the Marazzo, which is the superior car?

TUV300 begins at Rs. 8.54 lakh (ex-showroom), while Marazzos start at Rs. 10.35 lakh (ex-showroom). Get a thorough comparison of the TUV300 and the Marazzo based on their characteristics, mileage, pricing, and other factors.

What is Mahindra Marazzo’s Crash Test Rating?

In a recent safety crash test conducted by Global NCAP, Mahindra Marazzo achieved a 4-star rating for adults and a 2-star rating for children.