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Mahindra Alfa Plus CNG EMI Calculator

Mahindra Alfa Plus CNGthree-wheelers

Mahindra Alfa Plus CNG EMI Calculator

2.75 Lakh*

EMI Starts @ ₹4,445/month

Calculate your Loan EMI for Mahindra Alfa Plus CNG

Mahindra
Alfa Plus CNG

Ex-Showroom Price 2,75,000*

Calculate your Loan EMI for Mahindra Alfa Plus CNG Change Model

Mahindra Alfa Plus CNG EMI

EMI starting from

0 per month

₹ 02,75,000

Principal Amount

2,47,500

Interest Amount

0

0

Down Payment

27,500

Bank Interest Rate

12.57%

Loan Period (Months)

84

12243648607284

*Processing fee and other loan charges are not included.

Disclaimer:- Applicable rate of interest can vary subject to credit profile. Loan approval is at the sole discretion of the finance partner.

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Mahindra Alfa Plus CNG Loan EMI Calculator

Mahindra Alfa Plus CNG Loan EMI starts at ₹ 4445 per month with a down payment of ₹ 27,500 for 84 months tenure at the interest rate of 12.57% (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 Plus CNG. That will give you a detail insights of your purchase.

Mahindra Alfa Plus CNG Down Payment and EMI

Brand Model LOAN @ RATE% DOWN PAYMENT EMI AMOUNT(84 MONTHS)
Mahindra Alfa Plus CNG 12.57% ₹ 27,500 ₹ 4,445

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FAQs about Alfa Plus CNG EMI

Mahindra Alfa Plus CNG EMI depends upon various factors like three wheeler loan amount, loan tenure and the interest rate charged by various lenders. Althought it starts from ₹ 4,445 with the down payment of ₹ 27,500 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 Plus CNG Minimum down payment starts from ₹ 27,500. Lenders typically finance 90% of the ex-showroom price whereas some customers are eligible for 100% funding.

You will have to pay ₹ 27,500 as a down payment for the amount Rs.10% of Ex-showroom Price @15% for 60 months, the monthly EMI will be ₹ 4,445.

Following documents are required for Mahindra Alfa Plus CNG loan :

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

The 2024 price for the Mahindra Alfa Plus CNG starts from ₹ 2.75 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 Plus CNG, you'll need to consider the loan amount, interest rate, and loan tenure.

Formula for Mahindra Alfa Plus CNG 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 Plus CNG where you can avail of excellent deals and purchase the Mahindra Alfa Plus CNG with the most affordable monthly EMI.

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

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M3M Cosmopolitan, 12th Cosmopolitan,

Golf Course Ext Rd, Sector 66, Gurugram, Haryana

pincode - 122002

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