Calculate your Mahindra Finance car loan EMI instantly. Current rate starts from 10.00 - 18.00% p.a. with tenure up to 7 years.
| Year | Principal | Interest | Balance |
|---|
Mahindra & Mahindra Financial Services offers car loan starting from 10.00 - 18.00% per annum with a maximum tenure of 7 years. The processing fee is Up to 2.50% of loan amount. Prepayment policy: 5% of outstanding.
Tenure: 5 years
| Loan Amount | Monthly EMI | Total Interest | Total Payment |
|---|---|---|---|
| ₹3 Lakh | ₹6,374 | ₹82,440 | ₹3,82,440 |
| ₹4 Lakh | ₹8,499 | ₹1,09,940 | ₹5,09,940 |
| ₹5 Lakh | ₹10,624 | ₹1,37,440 | ₹6,37,440 |
| ₹6 Lakh | ₹12,748 | ₹1,64,880 | ₹7,64,880 |
| ₹7 Lakh | ₹14,873 | ₹1,92,380 | ₹8,92,380 |
| ₹8 Lakh | ₹16,998 | ₹2,19,880 | ₹10,19,880 |
| ₹9 Lakh | ₹19,122 | ₹2,47,320 | ₹11,47,320 |
| ₹10 Lakh | ₹21,247 | ₹2,74,820 | ₹12,74,820 |
| ₹12 Lakh | ₹25,496 | ₹3,29,760 | ₹15,29,760 |
| ₹15 Lakh | ₹31,871 | ₹4,12,260 | ₹19,12,260 |
| ₹20 Lakh | ₹42,494 | ₹5,49,640 | ₹25,49,640 |
Mahindra Finance offers Car Loan at interest rates starting from 10.00 - 18.00% per annum in 2026. The actual rate depends on your credit score, income, loan amount, and relationship with the bank.
The EMI for a ₹8 Lakh Car Loan from Mahindra Finance at 10% for 5 years is approximately ₹16,998 per month. Use the calculator above to check EMI for different amounts.
Mahindra Finance offers Car Loan up to ₹1 Crore with a maximum tenure of 7 years, subject to eligibility criteria and income assessment.
The processing fee for Mahindra Finance Car Loan is Up to 2.50% of loan amount. Prepayment charges: 5% of outstanding.
You can apply for Mahindra Finance Car Loan online through their official website or by visiting the nearest branch. You will need documents such as identity proof, address proof, income proof, and bank statements. Use the EMI calculator above to plan your loan before applying.