Mahindra Finance Car Loan EMI Calculator

Mahindra Finance Car Loan EMI Calculator

The Mahindra Finance Car Loan EMI Calculator helps you estimate your monthly loan repayments quickly and accurately. Whether you’re purchasing a new or used car, this tool simplifies planning your finances by providing clear insights into your Equated Monthly Instalment (EMI) obligations based on the loan amount, tenure, and interest rate.

How the Mahindra Finance Car Loan EMI Calculator Works

This calculator computes your EMI using the standard formula for loan amortization. You need to input the following:

• Loan Amount (Principal): The total amount borrowed.
• Interest Rate (per annum): The annual interest charged by Mahindra Finance.
• Loan Tenure: The duration of the loan in months or years.

Once these values are entered, the calculator shows:

• EMI Amount
• Total Interest Payable
• Total Payment (Principal + Interest)

Formula Used to Calculate EMI

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

• P: Loan Amount (Principal)
• R: Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
• N: Total Loan Tenure in Months

Example Calculation

If you take a car loan of ₹5,00,000 at an annual interest rate of 10% for 5 years (60 months):

• Loan Amount = ₹5,00,000
• Interest Rate = 10% p.a.
• Tenure = 60 months
• EMI = ₹10,624 (approx.)

Benefits of Using the Mahindra Finance EMI Calculator

• Instant results with zero manual effort
• Helps you choose the right loan amount and tenure
• Allows easy comparison of EMI for different interest rates
• Aids in monthly financial planning and budgeting
• Free to use and accessible 24/7

Key Features of Mahindra Finance Car Loans

• Competitive interest rates (starting from approx. 10% p.a.)
• Flexible repayment tenures up to 5–7 years
• Financing is available for both new and pre-owned cars
• Quick processing and minimal documentation

*Interest rates may vary based on credit profile and vehicle type.

Disclaimer : The results given by the above calculator are for illustration purpose only. They are often based on a number of assumptions. The results given are in no way any guarantee of the returns that will be given. Investments in stock markets and securities markets are subject to market risks and other risks. There is no guarantee of the return that will be actually given. Investment in other financial products may also be subject to market risks and other risks. There is no guarantee of the returns that will be given by them. The calculator also does not make any recommendation directly or indirectly. Please consult a registered Financial Advisor before taking any investment decision.