Exciting news for electric vehicle enthusiasts! Mahindra has launched its latest electric SUV, the XEV 9e, offering impressive features and performance. Let’s explore the detailed EMI plans that make owning this innovative vehicle more accessible.
Understanding the Ex-Showroom Price
The Mahindra XEV 9e comes with an ex-showroom price of ₹21.90 lakh. This competitive pricing positions it attractively within the electric SUV segment, offering advanced technology and eco-friendly benefits.
Calculating the EMI
Financing your XEV 9e can be straightforward. Here’s a breakdown of the EMI calculation:
- Loan Amount: Assuming a loan of ₹20.87 lakh (after a down payment).
- Interest Rate: Approximately 9.8% per annum.
- Loan Tenure: 60 months (5 years).
With these parameters, the estimated EMI would be around ₹44,134 per month. This calculation helps in planning your finances effectively.
Down Payment Details
A typical down payment for the XEV 9e would be around ₹2.32 lakh. This upfront payment reduces the loan principal, thereby lowering the monthly EMI and the total interest payable over the loan tenure.
Total Repayment Overview
Over the course of 5 years, the total repayment amount, including both principal and interest, would sum up to approximately ₹26.64 lakh. This figure provides a comprehensive view of the financial commitment involved in purchasing the XEV 9e through financing.
Flexible Financing Options
Mahindra offers flexible financing options to cater to diverse customer needs. It’s advisable to consult with authorized Mahindra dealerships or financial institutions to explore various loan schemes, interest rates, and tenure options that best suit your financial profile.
Conclusion – Mahindra XEV 9e
Owning the Mahindra XEV 9e is now more attainable with transparent and flexible EMI plans. By understanding the financing details, you can make an informed decision and enjoy the benefits of this cutting-edge electric SUV.
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