At what down payment will you get the keys of mahindra Bolero?
mahindra cars are very popular in the indian market. One of the company's cars is mahindra Bolero, which is a 7-seater compact SUV. The ex-showroom price of this car starts from Rs 9.79 lakh and goes up to Rs 10.91 lakh.
If you are planning to buy this mahindra car, then instead of making the full payment at once, you can also buy it on EMI. To buy this car, you will have to take a loan from the bank. Let us tell you the complete calculation of the down payment and EMI of the car.
You will have to pay this much EMI every month
mahindra Bolero is available in the indian market in three variants. If you buy the B4 diesel variant of this car, then the on-road price of this car in delhi will be around Rs 11.26 lakh. To buy this car, you will get a loan of Rs 10.13 lakh from the bank. The bank will charge interest on this loan. Depending on the number of years for which you take this loan, you will have to deposit a few thousand rupees in the bank as EMI every month.
To buy mahindra Bolero, you will have to make a down payment of at least Rs 1.13 lakh. If the bank charges 9 percent interest on this loan and you take this loan for four years, then you will have to deposit Rs 25,206 every month in the form of EMI.
Here is the calculation of EMI for five and six years
If you take a loan for five years to buy this mahindra car, then at 9 percent interest, you will have to pay around 21 thousand rupees every month. If the same loan is taken for six years, then you will have to deposit an EMI of Rs 18,258 every month in the bank at 9 percent interest.
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