Mahindra Xuv 500 Car Loan: Features & Benefits
The key features of the Mahindra Xuv 500 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 Xuv 500 Car Loan Eligibility Criteria
The eligibility criteria to avail of a Mahindra Xuv 500 Car Loan is given below:
|Age||21 years – 60 years|
|Minimum Annual Income||
|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:
Mahindra Xuv 500
Engine and Transmission
|Engine Type||mHawk155 Diesel Engine|
|No. of cylinder||4|
|Valves Per Cylinder||4|
|Fuel Supply System||Direct Injection|
|Gear Box||6 Speed|
Fuel & Performance
|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 Column||Tilt & Telescopic|
|Steering Gear Type||Rack & Pinion|
|Turning Radius (Metres)||5.6 metres|
|Front Brake Type||Ventilated Disc|
|Rear Brake Type||Disc|
|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
|W7||2179 cc, Manual, Diesel, 15.1 kmpl||
|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
|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|
|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|
|Fuel Supply System||Direct Injection||CRDI||CRDi|
|Gear Box||6 Speed||6 Speed||5 Speed|
|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|
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.
Table of Contents
- 1 Mahindra Xuv 500 Car Loan: Features & Benefits
- 2 Mahindra Xuv 500 Car Loan Eligibility Criteria
- 3 Mahindra Xuv 500 Car Loan EMI Calculator
- 4 Mahindra Xuv 500 Car Loan Interest Rate, Fees, and Charges
- 5 Documents Required for Mahindra Xuv 500 Car Loan
- 6 Mahindra Xuv 500
- 7 Mahindra Xuv500 Price
- 8 Prices of Mahindra XUV500 Ex-showroom Delhi
- 9 Down payment required for Mahindra Xuv 500 Car Loan
- 10 About Mahindra XUV500
- 11 New Safety & Security Features which are found on Every model of Mahindra XUV500
- 12 Mahindra XUV500 Comparison with similar cars
- 13 Mahindra XUV500 Mileage
- 14 How to get a Mahindra XUV500 car loan
- 15 Mahindra XUV500 News
- 16 Mahindra XUV500 FAQs