Mahindra Marazzo Car Loan: Features & Benefits
The key features of the Mahindra Marazzo Car Loan are as follows:
| Features | Car Loan |
| Interest Rate | 8.25% to 14.26% (Avg is 9.40%) |
| Processing Fee | 1.00%, a minimum of Rs. 5,000 to a maximum of Rs. 10,000 |
| Loan Tenure | Up to 7 years |
| Lowest EMI | Rs. 1,556 per lakh |
| Loan Amount | Up to 100% of ex-showroom price |
| Prepayment Charges | 5% from 13 to 24 months, 3% after 24 months |
Mahindra Marazzo Car Loan Eligibility Criteria
The eligibility criteria to avail of a Mahindra Marazzo Car Loan is given below:
| Eligibility Requirements | Details |
| Age | 21 years – 60 years |
| Minimum Annual Income | For Salaried Individuals: Rs. 0.01 Lakh Lakhs
For Self Employed Professionals: Rs. 0.01 Lakh Lakhs For Self Employed Businessmen: Rs. 0.01 Lakh Lakhs |
| Minimum Credit Score | 700 and above |
| Loan Tenure | Up to 7 years |
| Loan to Value Ratio | 100% of ex-showroom price |
Mahindra Marazzo Car Loan EMI Calculator
Many banks offer different car loans; the best method for understanding a loan is the Car Loan EMI calculator, which helps borrowers calculate the specific monthly cost they will have to bear for the length of the loan. To measure the EMI value to be stated to the loan receiver, almost all banks use the same basic formula.
The formula is:
E= P. r. (1+r)n/[(1+r) n -1]
- E: refers to the monthly payment or EMI.
- P: refers to the principal amount for which you wish to apply.
- r: refers to the monthly interest rate computed as a percentage of yearly income,
- n: refers to the loan term in months.
Mahindra Marazzo Car Loan Interest Rate, Fees, and Charges
| Interest Rate | 8.25% to 14.26% (Avg of 9.40%) |
| Processing Fee | Less than Rs. 10,000 or 0.4% of car loan sanctioned |
| Foreclosure Charges | 3% to 6% that depends on the loan tenure (no foreclosure fees for loans disbursed after 6 months ago) |
| Documentation Fees | Rs. 600 each time |
| Penalty for Late Payment | 2% for each month |
| Financing Quantum | Up to 100% depending on customer profile |
Documents Required for Mahindra Marazzo Car Loan
Suppose an applicant meets all of the eligibility criteria of the Mahindra Marazzo Car Loan. In that case, the loan provider will require the applicant to send some necessary paperwork before the loan can be disbursed to verify his statements and satisfy some of the specific norms of loan provision. The required documents are:
| Individual | Documentation |
| Salaried Employees |
|
| Self-Employed Applicants |
|
Mahindra Marazzo
Engine and Transmission
| Engine Type | D15 1.5 Litre Diesel Engine |
| Displacement (cc) | 1497 |
| Max Power | 121bhp@3500rpm |
| Max Torque | 300Nm@1750-2500rpm |
| No. of cylinder | 4 |
| Valves Per Cylinder | 4 |
| Fuel Supply System | CRDi |
| Super Charge | No |
| TransmissionType | Manual |
| Gear Box | 6 Speed |
| Mild Hybrid | No |
| Drive Type | FWD |
Fuel & Performance
| Fuel Type | Diesel |
| Mileage (ARAI) | 17.3 |
| Fuel Tank Capacity (Litres) | 45.0 |
| Emission Norm Compliance | BS VI |
Suspension, Steering & Brakes
| Front Suspension | Double Wishbone |
| Rear Suspension | Twist Beam |
| Steering Type | Electric |
| Steering Column | Tilt |
| Steering Gear Type | Rack&Pinion |
| Turning Radius (Metres) | 5.25 meters |
| Front Brake Type | Disc |
| Rear Brake Type | Disc |
Dimensions & Capacity
| Length (mm) | 4585 |
| Width (mm) | 1866 |
| Height (mm) | 1774 |
| Boot Space (Litres) | 190 |
| Seating Capacity | 8 |
| Ground Clearance (Laden) | 200mm |
| Wheel Base (mm) | 2760 |
| Kerb Weight (Kg) | 1650 |
| No of Doors | 5 |
Mahindra Marazzo Car key specs
| ARAI Mileage | 17.3 kmpl |
| Fuel Type | Diesel |
| Engine Displacement (cc) | 1497 |
| Max Power (bhp@rpm) | 121bhp@3500rpm |
| Max Torque (nm@rpm) | 300Nm@1750-2500rpm |
| Seating Capacity | 8 |
| Transmission Type | Manual |
| Fuel Tank Capacity | 45.0 |
| Body Type | MUV |
Mahindra Marazzo Price
The Mahindra Marazzo comes in three different models: M2, M4 Plus, and M6 Plus. All three models are available in either a seven-seat or an eight-seat configuration. The MPV comes in five different colour schemes. The Mahindra Marazzo is priced from 12.03 lakhs to 14.12 lakhs. The diesel version of the Marazzo costs between 12.03 and 14.12 lakh rupees.
Prices of Mahindra Marazzo Ex-showroom Delhi
| Variant | Specs |
Ex-Showroom Price
|
| Marazzo M2 8 STR |
1497 cc, Diesel, Manual, 17.33 kmpl
|
₹ 12.03 Lakh |
| Marazzo M2 7 STR |
1497 cc, Diesel, Manual, 17.33 kmpl
|
₹ 12.03 Lakh |
| Marazzo M4 Plus 7 STR |
1497 cc, Diesel, Manual, 17.33 kmpl
|
₹ 13.12 Lakh |
| Marazzo M4 Plus 8 STR |
1497 cc, Diesel, Manual, 17.33 kmpl
|
₹ 13.20 Lakh |
Down payment required for Mahindra Marazzo Car Loan
Mahindra Marazzo EMI begins for Rs 27,175 per month for 60 months at a 9.8 per cent rate for a loan amount of Rs 12.85 Lakh.
- For Mahindra Marazzo M2 with a loan at a 9.8% rate, the downpayment is Rs.1.42 Lakh with an EMI of Rs.27,175 for 60 months.
- For Mahindra Marazzo M2 8Str with a loan at a 9.8% rate, the downpayment is Rs.1.42 Lakh with an EMI of Rs.27,175 for 60 months.
- For Mahindra Marazzo M4 Plus with a loan at a 9.8% rate, the downpayment is Rs.1.55 Lakh with an EMI of Rs.29,613 for 60 months.
- For Mahindra Marazzo M4 Plus 8Str with a loan at a 9.8% rate, the downpayment is Rs.1.56 Lakh with an EMI of Rs.29,791 for 60 months.
- For Mahindra Marazzo M6 Plus with a loan at a 9.8% rate, the downpayment is Rs.1.66 Lakh with an EMI of Rs.31,683 for 60 months.
About Mahindra Marazzo
Mahindra’s big MPV is the Marazzo. Since it is constructed on a ladder frame chassis, it appears to be sophisticated and user-friendly. The Marazzo is available in seven-seat and eight-seat configurations and comes with a diesel manual transmission. The Mahindra Marazzo looks tremendous and is well-designed on the inside as well. Seat comfort is also refined, and the middle row, which has either a bench seat or captain’s chairs, is charming. For a ladder-frame MPV, the Mahindra Marazzo has a very peculiar layout. Its transversely-mounted 1.5-litre diesel engine produces 123 horsepower and drives the front wheels via a 6-speed manual transmission. At high speeds, it also feels safe and predictable.
New Safety & Security Features which are found on Every model of Mahindra Marazzo
Mahindra Marazzo has dual front airbags, 4-wheel disc brakes, ABS, EBD & ISOFIX child-seat mounts on all its variants. Other features are as follows.
- Anti-Lock Braking System
- Central Locking
- Power Door Locks
- Child Safety Locks
- Anti-Theft Alarm
- Driver Airbag
- Passenger Airbag
- Rear Seat Belts
- Seat Belt Warning
- Door Ajar Warning
- Side Impact Beams
- Front Impact Beams
Mahindra Marazzo Comparison with similar cars
| Specs | Mahindra Marazzo | Maruti XL6 | Toyota Innova Crysta |
| On Road Price | Rs.16,73,525 | Rs.13,52,966 | Rs.20,38,412 |
| Engine Type | D15 1.5 Litre Diesel Engine | K15B Smart Hybrid | 2.4L Diesel Engine |
| Displacement (cc) | 1497 | 1462 | 2393 |
| Max Power (bhp@rpm) | 121bhp@3500rpm | 103.2bhp@6000rpm | 148bhp@3400rpm |
| Max Torque (nm@rpm) | 300Nm@1750-2500rpm | 138nm@4400rpm |
343Nm@1400-2800rpm
|
| No Of Cylinder | 4 | 4 | 4 |
| Valves Per Cylinder | 4 | 4 | 4 |
| Transmission Type | Manual | Automatic | Manual |
| Gear Box | 6 Speed | 4-Speed | 5 Speed |
| Fuel Type | Diesel | Petrol | Diesel |
| Mileage (ARAI) | 17.3 kmpl | 17.99 kmpl | – |
| Fuel Tank Capacity | 45.0 (Litres) | 45.0 (Litres) | 55.0 (Litres) |
Mahindra Marazzo Mileage
| Fuel Type | Transmission | ARAI Mileage |
|---|---|---|
| Diesel | Manual | 17.3 kmpl |
How to get a Mahindra Marazzo car loan
The most accessible place to get a car loan for a Mahindra KUV100 is Dialabank, India’s First Financial Helpline. As a result, customers who participate will save time and money. Please visit www.dialabank.com to apply for a loan. Dialabank can also be reached by phone at 9878981166.
Mahindra Marazzo News
Jan 14, 2019 – Mahindra Marazzo: Variants Explained
Mahindra has introduced its new body-on-frame MPV, the Marazzo. It goes up against the Maruti Suzuki Ertiga and Renault Lodgy. However, its ladder-frame construction and larger footprint make it a bit expensive than its direct rivals. So, a Rs 10 lakh starting price for the diesel version seems justified, especially when you consider that the new Ertiga powered by a diesel motor is priced from Rs 8.84 lakh (ex-showroom, Delhi).
Sep 07, 2018 – Mahindra Marazzo: 5 Things We Like
The Mahindra Marazzo, recently launched at an introductory price of Rs 10 lakh, debuts the carmaker’s brand new ladder-frame chassis and 1.5-litre, 4-cylinder diesel engine. It is quite a large MPV which comes with the option of seven or eight seats based on your needs.
Mahindra Marazzo FAQs
✅ What is Mahindra Marazzo’s exact on-road price?
Marazzo’s on-road price in Delhi starts at Rs. 14,27,953. RTO fees and insurance are included in the on-road price.
✅ What are the new Mahindra Marazzo offers for May?
Three offers are available on the Mahindra Marazzo in Delhi for May 2021.
✅ What would Mahindra Marazzo’s EMI or down payment be?
The EMI for the Mahindra Marazzo begins at 27,175 per month for a 60-month term at 9.8% for a loan sum of Rs 12.85 lakh and a down payment of Rs 1.43 lakh.
✅ Is there a sunroof on the Mahindra Marazzo?
The Mahindra Marazzo lacks a sunroof.
