Bring Mahindra XUV300 home for 99 thousand rupees, you have to pay so much EMI every month! - Newztezz Online

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Friday, December 25, 2020

Bring Mahindra XUV300 home for 99 thousand rupees, you have to pay so much EMI every month!


New year is coming, if you are planning to buy a new car on this special occasion, then you can take Mahindra's XUV 300 car, you can take it to your house on a down payment of 99 thousand rupees. The base model of this car (W4 diesel) is priced at 8.69 lakhs (ex showroom price, New Delhi), you can repay the installment every month by taking a loan on this car, car loans make your shopping easy, bank You will be charged interest on the loan, car loans are usually available for 1 to 5 years, but some banks approve loans for seven years.

99 thousand downpayment
If you take Mahindra's XUV300 car on a 5-year loan, then you will have to take a loan of Rs 8,95,783 (by adding insurance and other things) after making a down payment of 99 thousand rupees, on which you get 9.8 percent interest. It will take, during 5 years you have to pay a total of Rs 11,36,700, that is, you will have to pay Rs 2,40,917 as interest, during these 5 years you will have to pay an EMI of Rs 18,945 per month.

Loan for 6 years,
if your budget is low, but if you want to buy this car, the burden of EMI will be slightly lighter, for this you can take a loan for 6 years also, during this time you will get 99 thousand rupees After making the down payment, a loan of Rs 8,95,783 has to be taken.

How much EMI
will you pay on this interest of 8%, during 6 years you will have to pay a total of Rs 11,88,360, that is, you will have to pay Rs 2,92,577 as interest, during these 6 years you will get Rs 16,505 per month. EMI has to be paid.

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