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Mahindra Alfa Passenger DX EMI Calculator

Down Payment

15,200

Bank Interest Rate

10%

Loan Period(Months)

60

EMI

per month

0

Calculated on Ex-showroom Price

*Ex-showroom Price

1,52,000

Priciple amount

1,36,800

Total interest

0

Total Amount

0

Mahindra Alfa Passenger DX Loan EMI Calculator

Mahindra Alfa Passenger DX Loan EMI starts at ₹ 2907 per month with a down payment of ₹ 15,200 for 60 months tenure at the interest rate of 10% (depends upon the bank). You can choose the EMI options for the given loan amount on quarterly, half-yearly, and yearly basis. Note that each option will alter the amount of EMI payment.

Our CMV360 EMI Calculator tool helps you to break down the total payable amount and to find the best three wheeler finance options for your Alfa Passenger DX. That will give you a detail insights of your purchase.

Mahindra Alfa Passenger DX Down Payment and EMI

Brand Model LOAN @ RATE% DOWN PAYMENT EMI AMOUNT(60 MONTHS)
Mahindra Alfa Passenger DX 10% ₹ 15,200 ₹ 2,907

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Frequently Asked Questions


Mahindra Alfa Passenger DX EMI depends upon various factors like three wheeler loan amount, loan tenure and the interest rate charged by various lenders. Althought it starts from ₹ 2,907 with the down payment of ₹ 15,200 at the interest rate of 10% for 5 year (varies from bank to bank).

It Depends upon bank to bank and other lending institutions. Otherwise Banks’ interest rates start from 7.50% and goes up to 24% per annum.

Mahindra Alfa Passenger DX Minimum down payment starts from ₹ 15,200. Lenders typically finance 90% of the ex-showroom price whereas some customers are eligible for 100% funding.

You will have to pay ₹ 15,200 as a down payment for the amount Rs.10% of Ex-showroom Price @15% for 60 months, the monthly EMI will be ₹ 2,907.

Following documents are required for Mahindra Alfa Passenger DX loan :

  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Statements
  • Vehicle Details
  • Business Proof
  • Photographs

The 2024 price for the Mahindra Alfa Passenger DX starts from ₹ 1.52 Lakh Onwards . Although it can vary slightly from state to state and city to city.

To calculate the Equated Monthly Installment (EMI) for a Mahindra Alfa Passenger DX, you'll need to consider the loan amount, interest rate, and loan tenure.

Formula for Mahindra Alfa Passenger DX EMI Calculation: The formula for calculating EMI is as follows:

EMI = [P x R x (1+R)^N] / [(1+R)^N-1]

EMI: Equated Monthly Installment

P: Principal loan amount (the loan amount)

R: Monthly interest rate (annual rate divided by 12 and expressed as a decimal)

N: Loan tenure in months

CMV360 assists you in locating the closest dealerships on Mahindra Alfa Passenger DX where you can avail of excellent deals and purchase the Mahindra Alfa Passenger DX with the most affordable monthly EMI.

Mahindra is here to redefine affordability with our exclusive EMI offer for the mighty Mahindra Alfa Passenger DX. Get ready to own the road with this unbeatable deal! Don't miss out on this incredible opportunity.
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Registered Office Address

Delente Technologies Pvt. Ltd.

M3M Cosmopolitan, 12th Cosmopolitan,

Golf Course Ext Rd, Sector 66, Gurugram, Haryana

pincode - 122002

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