Mahindra Bolero EMI: Mahindra Bolero is offered in three variants in the Indian market. The on-road price for the B4 diesel variant in Delhi is approximately Rs 11.26 lakh. To finance this vehicle, you can secure a bank loan of Rs 10.13 lakh, which will incur interest charges. The monthly EMI will depend on the loan tenure you choose, allowing you to avoid making a full payment upfront. A good credit score is essential for loan approval, as banks assess this before granting financing.
Average price range and EMI calculation
Mahindra vehicles enjoy significant popularity in India, with the Bolero being a notable model. This 7-seater compact SUV has an ex-showroom price ranging from Rs 9.79 lakh to Rs 10.91 lakh.
To purchase the Mahindra Bolero, a minimum down payment of Rs 1.13 lakh is required. Opting for a higher down payment can help lower your EMI. For a loan amount at a 9% interest rate over four years, the monthly EMI would be Rs 25,206.
If you choose a five-year loan term at the same interest rate, your monthly payment would be approximately Rs 21,000. Extending the loan to six years would reduce the EMI to around Rs 18,258, while a seven-year term would result in a monthly payment of Rs 16,300.
Needless to say, how much popular the Mahindra Bolero is. From the very first day of introduction, this 4-wheeler is thriving on Indian roads, especially on rural paths. The Mahindra Bolero can be used for multipurpose reasons; this is one of the reasons behind the car’s popularity. Even today, many people want to have an old model Mahindra Bolero.
Note: Prices may vary slightly depending on location, dealer, and model variant. It’s always recommended to check with your local dealer for the most accurate pricing and availability information.