Mahindra XUV300 Car Loan

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Mahindra XUV300 Car Loan

Car Loan for Mahindra XUV300: Features & Benefits

Mahindra XUV300 Car Loan Interest Rate 7.35%* per annum
Mahindra XUV300 Car Loan Min Loan Amount ₹ 100,000
Mahindra XUV300 Car Loan Max Loan Amount Loan up to 90% of On Road Price
(Loan to Value) or 100% of Ex-showroom Price
Mahindra XUV300 Car Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,622
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 2,00,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs).
Mahindra XUV300 Car Loan Processing Fee 0.40% of the principal amount
Foreclosure Charges 6% (7-12 months)
Basic Documentation Address Proof, Bank Statement, Car Quotation, and ID Proof

Mahindra XUV300 Car Loan Eligibility Criteria

Salaried Individual
  • Age – 21 years to 60 years
  • Net Monthly Income – Minimum ₹ 20,000
  • Employment Duration – 1-year minimum
  • Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals
  • Age – 21-65 years of age
  • Minimum ITR  – Rs.2 lakh
  • Employment Duration – Minimum 3 years
  • Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership)
  • Minimum ITR  – Rs. 2 lakh
  • Employment Duration – 3 years minimum
  • The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers
  • At least 6-month vintage
  • Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
  • Maximum Loan Amount –  3 times the Average Quarterly Balance of the last 2 Quarters

Mahindra XUV300 Car Loan EMI Calculator

Mahindra XUV300 Car Loan EMI starts at Rs 7,997 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 3.78 Lakh. The EMI Calculator tool on Dialabank gives a detailed break-up of the total payable amount and helps you in finding the best car finance for your Mahindra XUV300. To check your EMI visit the Dialabank EMI Calculator page.

Mahindra XUV300 Car Loan Interest Rate, Fees, and Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.35% 11.80% p.a. to 13.80% p.a.
Mahindra XUV300 Car Loan Processing fee 0.40% 0.40%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
Foreclosure Charges 6% 6%
Penal Interest 2% PM 2% PM
Mahindra XUV300 Car Loan Part Payment charges 6% of the amount 6% of the amount
Cheque/Instrument Swap Charge Around Rs.500 Around Rs.500
Documentation Charge Around Rs. 500 Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges Around Rs. 500 Around Rs. 500
Registration Certification Collection Charge Around Rs. 200 Around Rs. 200
Cheque Bounce/Instrument Return Charges Around Rs. 500 Around Rs. 500
Issuance of Duplicate Statement Charges Around Rs. 500 Around Rs. 500
Loan Cancellation/Re-booking Charges Around Rs. 1000 Around Rs. 1000
Issuance of Credit Report Around Rs. 50 Around Rs. 50

Documents Required for Mahindra XUV300 Car Loan

Mahindra XUV300 Car Loan Salaried Individual

Category Documents Required
Identity Proof

 

(Any 1)

Passport
Voter ID
Aadhar Card
Driving License
Address Proof

 

(Any 1)

Aadhar Card
PAN
Driving License
Electricity Bill
Date of Birth Proof

 

(Any 1)

Passport
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof

 

(Any 1)

PAN
Bankers Verification
Passport
Income Proof Salary Slip and latest Form No.16
Bank Statement Last 6 month Bank statement
Employment Continuity Proof Job card by NREGA
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment

Mahindra XUV300 Car Loan Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) PAN Card
Passport
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Passport
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) PAN
Bankers Verification
Passport
Bank Statement Bank statement of last 6 months
Employment Continuity Proof Latest ITRs
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof Registration Certificate
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate

Mahindra XUV300 Car Loan Self-Employed Non-Individuals

Mahindra XUV300 Car Loan Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1) Electricity Bill/Telephone Bill
Aadhar Card
Driving License
Voter ID
Income Proof Audited Balance Sheet
P&L Account
ITR for the previous 2 years
Bank Statement Last 6 month
Business Continuity Proof Company ITR of the last 2 years
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents Letter of Authority or PAN Card

Mahindra XUV300 Car Loan Private Limited/Limited Companies

Category Documents Required
Identity Proof The latest copy of MOA and AOA
Copy of Incorporation
Address Proof (Any 1) SSI/MSME Registration Certificate
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Previous 6 Months
Business Continuity Proof P&L account and
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
List of Shareholding partners and Directors
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.

Mahindra XUV300

Mahindra XUV300 Car Loan Price – Rs.7.95 – 13.09 Lakh

Mahindra XUV300 Price

The Mahindra XUV300 is priced between Rs. 7.95 lakh and Rs. 13.09 lakh. The Mahindra XUV300 is available in 16 different models, with the W4 being the most affordable and the Mahindra XUV300 W8 AMT Option Diesel Dual Tone costing Rs. 13.09 lakh.

Prices of Mahindra XUV300 Exshowroom Delhi

Versions On-Road Price
XUV300 1.2 W4 ₹ 8.97 Lakh
XUV300 1.5 W4 ₹ 10.35 Lakh
XUV300 1.2 W6 ₹ 10.90 Lakh
XUV300 1.2 W6 AMT ₹ 12.02 Lakh
XUV300 1.2 W8 ₹ 12.09 Lakh
XUV300 1.5 W6 ₹ 12.35 Lakh
XUV300 1.5 W6 AMT ₹ 13.10 Lakh
XUV300 1.2 W8 (O) ₹ 13.42 Lakh
XUV300 1.2 W8(O) Dual Tone ₹ 13.59 Lakh
XUV300 1.5 W8 ₹ 13.74 Lakh
XUV300 1.2 W8 (O) AMT ₹ 14.17 Lakh
JUST LAUNCHED ₹ 14.35 Lakh
XUV300 1.2 W8 (O) AMT Dual Tone
XUV300 1.5 W8 (O) ₹ 14.64 Lakh
XUV300 1.5 W8(O) Dual Tone ₹ 14.82 Lakh
XUV300 1.5 W8 (O) AMT ₹ 15.43 Lakh
JUST LAUNCHED ₹ 15.61 Lakh
XUV300 1.5 W8 (O) AMT Dual Tone

Down payment required for Mahindra XUV300 Car Loan

Lenders usually fund 90% of the On-Road Price of the Mahindra XUV300. Some consumers may also be eligible for 100% financing. The down payment is the difference between the On-Road Price of the Mahindra XUV300 and the loan amount. The principal and length of the loan decide the Mahindra XUV300 interest rate the most. Customers can also negotiate a lower interest rate on their loan with the lender. 90% of the Mahindra XUV300 On-Road Price is normally financed by lenders. Some consumers may also be eligible for 100% financing.

About Mahindra XUV300

The Mahindra XUV300 is a 5-seater SUV that costs between Rs. 7.95 and Rs. 13.09 lakh*. It comes in 16 different configurations, two BS6-compliant engine options, and two transmission options: manual and automatic. The XUV300 has a kerb weight of, a ground clearance of 180mm, and a boot room of 259 litres, among other features. The XUV300 is available in seven different colours. Over 2161 user reviews for Mahindra XUV300 based on mileage, performance, price, and overall experience.

Mahindra launched the XUV300 sub-four metre SUV in the country in February 2019. Based on the Ssangyong Tivoli, the model has been shortened in length to accommodate the model into the sub-four metre category of cars. Exterior highlights of the Mahindra XUV300 include projector headlamps with LED DRLs, a grille with chrome inserts, fog lights, contrast silver-coloured skid plates, electrically adjustable ORVMs, LED tail lights, an integrated spoiler, and 17-inch alloy wheels. Under the hood, the Mahindra XUV300 is available with a choice of two powertrains that include a 1.2-litre, three-cylinder, petrol engine, and a 1.5-litre, four-cylinder diesel engine.

The former produces 109bhp and 200Nm of torque while the latter produces 115bhp and 300Nm of torque. Transmission options include a six-speed manual unit and an AMT unit.

Mahindra XUV300 Mileage

The mileage of the Mahindra XUV300 ranges from 17.0 to 20.0 kmpl. The mileage of the Manual Diesel version is 20.0 kmpl. The mileage of the Automatic Diesel version is 20.0 kmpl. 17.0 kmpl is the mileage of the Manual Petrol variant. 17.0 kmpl is the mileage of the Automatic Petrol model.

Fuel Type Transmission ARAI Mileage
Diesel Manual 20.0 kmpl
Diesel Automatic 20.0 kmpl
Petrol Manual 17.0 kmpl
Petrol Automatic 17.0 kmpl

How to get Mahindra XUV300 Car Loan

  1. Visit the official page of Dialabank
  2. Go to the Car Loan option and fill up all the required information asked like name etc.
  3. Our relationship manager will get in touch with you over your application and solve all your doubts.
  4. Contact Dialabank at 9878981166 for further queries.

Mahindra XUV300 News

Mahindra Registers Several SUVs Under The XUV Series

Mahindra is gearing up for new launches, including the XUV700 and the new Scorpio, which were just revealed. While the forthcoming XUV700 is the spiritual successor to the ageing XUV500, the latter will be replaced by a new-generation model in 2022. Apart from these, Mahindra seems to be preparing to extend the XUV series with new nameplates.

Up to Rs 44,000 in discounts are available on the Mahindra XUV300.

  • The Maruti Vitara Brezza comes in second, with benefits worth up to Rs 33,000.
  • Ford is offering a Rs 24,000 discount on the EcoSport.
  • As a loyalty bonus, the Renault Kiger gets a 5-year/1lakh km extended warranty.
  • The Tata Nexon (diesel variants) and Toyota Urban Cruiser earn only Rs 15,000 and Rs 20,000 in exchange bonuses, respectively.
  • All of the deals are good until May 31, 2021.

FAQs

What is the on-road price of a Mahindra XUV300?

In Delhi, the XUV300 begins at Rs. 8,92,576 on the route. RTO fees and insurance are included in the on-road price.

What are the current Mahindra XUV300 offers for May?

In Delhi, there are two deals on the Mahindra XUV300 for the month of May 2021.

✅ What is the Minimum and Maximum Loan Amount for Mahindra XUV300 Car Loan?

The minimum loan amount is Rs 100,000 and the maximum loan amount is Loan up to 90% of On Road Price.

✅ What is the Mahindra XUV300 Car Loan Tenure?

1 year – 7 years is the loan tenure for Mahindra XUV300 Car Loan.

Which car is better: the XUV300 or the Vitara Brezza?

The XUV300 costs Rs 7.95 lakh ex-showroom, while the Vitara Brezza costs Rs 7.51 lakh ex-showroom. You can compare the prices, features, and specifications of these two models.

What will the Mahindra XUV300’s EMI or down payment be?

The EMI for a Mahindra XUV300 starts at 16,994 per month for a 60-month term at 9.8% for a loan sum of Rs 8.03 lakh and a down payment of Rs 89,000.

Is the Mahindra XUV300 a 5-seater or 7-seater?

The Mahindra XUV300 is a 5-seater car that costs Rs 7.95 lakh.