Mahindra Xuv 500 Car Loan

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Mahindra Xuv 500 Car Loan

Mahindra Xuv 500 Car Loan: Features & Benefits 

The key features of the Mahindra Xuv 500 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 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 Xuv 500 Car Loan Eligibility Criteria

The eligibility criteria to avail of a Mahindra Xuv 500 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 Up to 7 years
Loan to Value Ratio 100% of ex-showroom price

Mahindra Xuv 500 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 Xuv 500 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 Xuv 500 Car Loan

If an applicant meets all of the eligibility criteria of the Mahindra Xuv 500 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 Xuv 500 

Mahindra Xuv 500 Car

Engine and Transmission

Engine Type mHawk155 Diesel Engine
Displacement (cc) 2179
Max Power 152.87bhp@3750rpm
Max Torque 360Nm@1750-2800rpm
No. of cylinder 4
Valves Per Cylinder 4
Valve Configuration DOHC
Fuel Supply System Direct Injection
Compression Ratio 16.5:1
Turbo Charger YES
Super Charge NO
TransmissionType Automatic
Gear Box 6 Speed
Mild Hybrid NO
Drive Type FWD

Fuel & Performance

Fuel Type Diesel
Mileage (ARAI) 15.1
Fuel Tank Capacity (Litres) 70.0
Emission Norm Compliance BS VI

Suspension, Steering & Brakes

Front Suspension McPherson Strut with Anti-Roll Bar Independent Suspension
Rear Suspension Multilink with Anti-Roll Bar Independent Suspension
Shock Absorbers Type Anti Roll Bar
Steering Type Power
Steering Column Tilt & Telescopic
Steering Gear Type Rack & Pinion
Turning Radius (Metres) 5.6 metres
Front Brake Type Ventilated Disc
Rear Brake Type Disc
Dimensions & Capacity
Length (mm) 4585
Width (mm) 1890
Height (mm) 1785
Seating Capacity 7
Ground Clearance Unladen (mm) 200
Wheel Base (mm) 2700
Front Tread (mm) 1600
Rear Tread (mm) 1600
Gross Weight (Kg) 2510
No of Doors 5

Mahindra Xuv500 Price

The Mahindra XUV500 is sold between Rs. 15.52 lakh and Rs. 20.03 lakh. The base model of the Mahindra XUV500 is W7, and the top version is Mahindra XUV500 W11 Option AT, which costs Rs. 20.03 lakh. It is available in 6 versions.

Prices of Mahindra XUV500 Ex-showroom Delhi

Variant Specs
Ex-Showroom Price
W7 2179 cc, Manual, Diesel, 15.1 kmpl
Rs.15.52 Lakh 
W7 AT 2179 cc, Automatic, Diesel, 15.1 kmpl Rs.16.72 Lakh
W9 2179 cc, Manual, Diesel, 15.1 kmpl Rs.17.27 Lakh
W9 AT 2179 cc, Automatic, Diesel, 15.1 kmpl Rs.18.48 Lakh
W11 Option 2179 cc, Manual, Diesel, 15.1 kmpl Rs.18.80 Lakh
W11 Option AT 2179 cc, Automatic, Diesel, 15.1 kmpl Rs.20.03 Lakh

Down payment required for Mahindra Xuv 500 Car Loan

  • The downpayment for a Mahindra XUV500 W7 with a loan at a 9.8% rate is Rs.1.85 Lakh, with an EMI of Rs.35,366 for 60 months.
  • The downpayment for a Mahindra XUV500 W7 AT with a loan at a 9.8% rate is Rs.1.99 Lakh, with an EMI of Rs.38,060 for 60 months.
  • The downpayment for a Mahindra XUV500 W9 with a loan at a 9.8% rate is Rs.2.06 Lakh, with an EMI of Rs.39,286 for 60 months.
  • The downpayment for a Mahindra XUV500 W9 AT with a loan at a 9.8% rate is Rs.2.20 Lakh, with an EMI of Rs.41,983 for 60 months.
  • The downpayment for a Mahindra XUV500 W11 Option with a loan at a 9.8% rate is Rs.2.24 Lakh, with an EMI of Rs.42,738 for 60 months.

About Mahindra XUV500

About seven years ago, Mahindra launched the XUV500 as its flagship vehicle to replace the Scorpio. It boasted some segment-first features, car-like driving dynamics, and the ability to seat seven people in a luxurious environment, all at a price that felt “worth for money.” To re-establish the XUV500’s lustre before a new generation takes over in 2020, Mahindra has applied some bling to the exterior and increased the XUV500’s strength under the hood. The Mahindra XUV500 facelift has maintained its origins with the update.

New Safety & Security Features which are found on Every model of Mahindra XUV500

The monocoque design of the Mahindra XUV500 is the most important safety feature, as it makes the cabin extremely clean. Both the driver and the front passenger are protected by dual airbags. There are also side and curtain airbags, as well as side-impact beams, to protect the occupants from side impacts. The key safety features are given below.

  • Dual airbags
  • ABS with electronic brake-force distribution (EBD)
  • Side-impact beams
  • Crumple zones for crash protection
  • Disc brakes on all four-wheel
  • Tubeless tyres

Mahindra XUV500 Comparison with similar cars

Specs Mahindra XUV500 Tata Harrier Toyota Innova Crysta
On Road Price Rs.23,89,779* Rs.24,54,109# Rs.21,74,292*
Engine Type mHawk155 Diesel Engine Kryotec 2.0 L Turbocharged 2.4L Diesel Engine
Displacement (cc) 2179 1956 2393
Max Power (bhp@rpm) 152.87bhp@3750rpm 167.63bhp@3750rpm 148bhp@3400rpm
Max Torque (nm@rpm) 360Nm@1750-2800rpm 350Nm@1750-2500rpm 343Nm@1400-2800rpm
No Of Cylinder 4 4 4
Valves Per Cylinder 4 4 4
Valve Configuration DOHC DOHC DOHC
Fuel Supply System Direct Injection CRDI CRDi
Transmission Type Automatic Automatic Manual
Gear Box 6 Speed 6 Speed 5 Speed
Drive Type FWD FWD RWD
Fuel Type Diesel Diesel Diesel
Mileage (ARAI) 15.1 kmpl 17.0 kmpl
Fuel Tank Capacity 70.0 (Litres) 50.0 (Litres) 55.0 (Litres)

Mahindra XUV500 Mileage

Fuel Type Transmission ARAI Mileage
Diesel Manual 15.1 kmpl
Diesel Automatic 15.1 kmpl

How to get a Mahindra XUV500 car loan

India’s First Financial Helpline, Dialabank, is the quickest way to get a car loan for a Mahindra Thar. Customers who connect here will save money and effort as a result. To apply for a loan, go to dialabank. Dialabank can also be approached by phone at 9878981166.

Mahindra XUV500 News

Apr 18, 2018 – 2018 Mahindra XUV500 Facelift: First Drive Review

Mahindra introduced the XUV500 as its flagship over the Scorpio seven years back. It flaunted some segment-first features, car-like driving dynamics and could seat seven in a luxurious setting, that too at a price point where it actually felt, “value for money”. But while there were initial apprehensions among the buyers about spending more than Rs 12 lakh for the Mahindra badge, the XUV did brilliantly to subside them over time. Fast forward seven years and the Rs 10 lakh to Rs 20 lakh price bracket has gotten some serious competitors. That meant the XUV500 became just another face in the crowd.

Dec 30, 2015 – Mahindra XUV5OO Automatic Review

It’s been four years since the first XUV debuted on Mahindra showroom floors. The  XUV5OO was a huge departure for Mahindra. It had forayed into developing a properly upmarket offering; a diametric opposite to their strong hand-building rugged, purposeful, apocalypse surviving UVs. Over the course of these four years, the XUV has carved quite a niche for itself. Very few cars come close to the level of kit offered on the Mahindra at a similar price point.

Earlier this year, M&M decided to up the ante. The facelift XUV got a revised face, a new theme for the interior and some new tech as well. It ticked all the right boxes then, except for one. You see, when one spends more than 1.5 million rupees for a vehicle, expecting it to shift gears by itself – is a reasonable expectation to have. And finally, a few months after the launch of the facelift, the XUV5OO gets an automatic transmission transferring powers to the wheels.

Mahindra XUV500 FAQs

✅ What is the exact price of a Mahindra XUV 500 car on the road?

In Delhi, the XUV500 starts at Rs. 18,58,263 on the lane, which includes RTO fees and insurance.

✅ Which is good, the XUV500 or the Scorpio?

The XUV500 costs Rs 15.52 lakh ex-showroom, while the Scorpio costs Rs 12.31 lakh ex-showroom. Compare the prices, features, and specifications of these two models.

✅ What will the Mahindra XUV 500 car’s EMI or down payment be?

The EMI for a Mahindra XUV500 begins at 35,366 per month for a 60-month term at 9.8% for a loan sum of Rs 16.72 lakh and a down payment of Rs 1.86 lakh.

✅ Is the Mahindra XUV 500 car a 5-seater SUV or a 7-seater SUV?

The Mahindra XUV500 is a 7-seater car that costs Rs 18.80 lakh.