By Admin 
Mahindra xuv700 finance plan: There is a lot of demand for Mahindra cars in the Indian market. The company’s Mahindra XUV700 is also one of them. The features of this SUV are so strong that this vehicle gives a tough competition to Tata Harrier and Scorpio N. If you are planning to buy an SUV of Mahinda, then it can be best for you. Here we are going to tell you how you can make this car finance by not making full payment.
The ex-showroom price of Mahindra XUV700 starts from Rs 14 lakh 49 thousand and goes up to 25 lakh 14 thousand rupees. If you want to buy the Mahindra XUV700 with a 7-seater configuration in the petrol variant, then the cheapest model of this vehicle is MX. The on-road price of MX 7STR petrol variants is around Rs 17 lakh.
How much salary you can buy Mahindra XUV700?
You can also buy the MX 7STR variant of Mahindra XUV700 on a car loan by not making full payment at once. You can get a loan of Rs 15.23 lakh to buy this 7-seater car. The loan amount depends on your credit score. If the credit score is better, then only you can get a loan of more amount.
To buy Mahindra XUV700 car loan, a down payment of Rs 1.69 lakh will have to be made. If you buy this Mahindra car on a four -year loan and the bank imposes 9 percent interest on this loan, then for 48 months you will have to pay about 38 thousand rupees every month as EMI. In such a situation, even if your salary is close to 50 thousand rupees, you can think of buying this SUV, the rest depends entirely on you whether you want to buy this car on such a salary or not.
How many EMIs will have to be filled every month?
If you take a loan for five years to buy Mahindra XUV700, then an EMI of 32 thousand rupees will have to be filled every month with 9 percent interest. To buy Mahindra XUV700, a installment of Rs 27,500 will have to be deposited every month for taking a loan for six years. On purchasing this Mahindra vehicle on a seven -year loan, an installment of Rs 24,500 will have to be deposited in the bank every month.
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