New Delhi: Mahindra cars are highly popular in the Indian market, and one of its most powerful 7-seater SUVs is the Mahindra XUV700. This vehicle is also available in a 5-seater configuration and comes in both petrol and diesel variants.
The ex-showroom price of the Mahindra XUV700 starts at ₹13.99 lakh and goes up to ₹25.74 lakh. If you want to buy the 7-seater petrol variant, the most affordable model is the MX 7Str (MX 7-seater). The on-road price of this model is ₹16.92 lakh.
Mahindra XUV700 on Down Payment & Loan Details
If you don’t want to pay the full amount upfront, you can buy the Mahindra XUV700 on loan. A car loan of ₹15.23 lakh can be availed to purchase this 7-seater SUV. However, you will have to make a down payment of ₹1.69 lakh.
Mahindra XUV700 EMI Plans – Monthly Installments
The EMI amount depends on the loan tenure and interest rate. If you take a loan at 9% interest, here’s how much EMI you will need to pay:
4-Year Loan (48 months) – ₹38,000 per month
5-Year Loan (60 months) – ₹32,000 per month
6-Year Loan (72 months) – ₹27,500 per month
7-Year Loan (84 months) – ₹24,500 per month
Should You Buy the Mahindra XUV700?
The Mahindra XUV700 is a feature-packed SUV with a bold design, advanced safety features, and powerful engine options. It is ideal for large families and long-distance travel. If you are looking for a spacious, reliable, and high-performance SUV, the XUV700 is a great choice.
Conclusion
If you are planning to buy the Mahindra XUV700 on EMI, understanding the loan amount, down payment, and monthly installments is crucial. With a minimum EMI of ₹24,500 per month, you can own this SUV without financial strain. Check with your bank for the best interest rates and loan options before making a decision.