Mahindra E-alfa mini EMI Calculator

Mahindra E-alfa mini EMI Calculator

1.45 Lakh*

EMI Starts @ ₹2,344/month

Calculate your Loan EMI for Mahindra E-alfa mini

Mahindra

E-alfa mini

Ex-Showroom Price ₹1,45,000*

Calculate your Loan EMI for Mahindra E-alfa mini Change Model

Mahindra E-alfa mini EMI

EMI starting from

₹ 0 per month

₹ 0₹ 1,45,000

Principal Amount

₹ 1,30,500

Interest Amount

₹ 0

Down Payment

₹14,500

Bank Interest Rate

12.57%

Loan Period (Months)

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.

Mahindra E-alfa mini Loan EMI Calculator

Mahindra E-alfa mini Loan EMI starts at ₹ 2344 per month with a down payment of ₹ 14,500 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 E-alfa mini. That will give you a detail insights of your purchase.

Mahindra E-alfa mini Down Payment and EMI

Brand Model	LOAN @ RATE%	DOWN PAYMENT	EMI AMOUNT(84 MONTHS)
Mahindra E-alfa mini	12.57%	₹ 14,500	₹ 2,344

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FAQs about E-alfa mini EMI

Mahindra E-alfa mini EMI depends upon various factors like three wheeler loan amount, loan tenure and the interest rate charged by various lenders. Althought it starts from ₹ 2,344 with the down payment of ₹ 14,500 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 E-alfa mini Minimum down payment starts from ₹ 14,500. Lenders typically finance 90% of the ex-showroom price whereas some customers are eligible for 100% funding.

You will have to pay ₹ 14,500 as a down payment for the amount Rs.10% of Ex-showroom Price @15% for 60 months, the monthly EMI will be ₹ 2,344.

Following documents are required for Mahindra E-alfa mini loan :

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

The 2024 price for the Mahindra E-alfa mini starts from ₹ 1.45 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 E-alfa mini, you'll need to consider the loan amount, interest rate, and loan tenure.

Formula for Mahindra E-alfa mini 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 E-alfa mini where you can avail of excellent deals and purchase the Mahindra E-alfa mini with the most affordable monthly EMI.

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