Mahindra Thar Car Loan: Features & Benefits
The key features of the Mahindra Thar 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 Thar Car Loan Eligibility Criteria
The eligibility criteria to avail of a Mahindra Thar Car Loan is given below:
| Eligibility Requirements | Details |
| Age | 21 years – 60 years |
| Minimum Annual Income |
|
| Minimum Credit Score | 700 and above |
| Loan Tenure | Up to 7 years |
| Loan to Value Ratio | 100% of ex-showroom price |
Mahindra Thar 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 main 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 Thar 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 Thar Car Loan
If an applicant meets all of the eligibility criteria of the Mahindra Thar Car Loan, the loan provider will require the applicant to send some necessary paperwork before the loan can be disbursed in order to verify his statements and satisfy some of the specific norms of loan provision. The necessary documents are:
| Individual | Documentation |
| Salaried Employees |
|
| Self-Employed Applicants |
|
Mahindra Thar
Engine and Transmission
| Engine Type | mHawk 130 Engine |
| Displacement (cc) | 2184 |
| Max Power | 130bhp@3750rpm |
| Max Torque | 300nm@1600-2800rpm |
| No. of cylinder | 4 |
| Valves Per Cylinder | 4 |
| Valve Configuration | DOHC |
| Fuel Supply System | Direct Engine |
| Compression Ratio | 9.5:1 |
| Turbo Charger | Yes |
| TransmissionType | Automatic |
| Gear Box | 6 Speed |
| Mild Hybrid | No |
| Drive Type | 4X4 |
Fuel & Performance
| Fuel Type | Diesel |
| Fuel Tank Capacity (Litres) | 57.0 |
| Emission Norm Compliance | BS VI |
Suspension, Steering & Brakes
| Front Suspension | Independent Double Wishbone Front Suspension with Coil-Over Damper & Stabiliser Bar |
| Rear Suspension | Multilink Solid Rear Axle with Coil-Over Damper & Stabiliser Bar |
| Steering Type | Power |
| Steering Column | Tilt |
| Steering Gear Type | Rack & Pinion |
| Turning Radius (Metres) | 5.25m |
| Front Brake Type | Disc |
| Rear Brake Type | Drum |
Dimensions & Capacity
| Length (mm) | 3985 |
| Width (mm) | 1855 |
| Height (mm) | 1844 |
| Seating Capacity | 4 |
| Ground Clearance Unladen (mm) | 226 |
| Wheel Base (mm) | 2450 |
| Front Tread (mm) | 1520 |
| Rear Tread (mm) | 1520 |
| No of Doors | 3 |
Mahindra Thar Price
The Mahindra Thar car ranges between Rs. 12.11 lakh and Rs. 14.16 lakh. The Mahindra Thar is available in ten different models, with the AX Opt 4-Str Convert Top being the most affordable and the Mahindra Thar LX 4-Str Hard Top Diesel AT being the most expensive.
Prices of Mahindra Thar Ex-showroom Delhi
| Variant | Specs |
Ex-Showroom Price
|
| AX Opt 4-Str Convert Top | 1997 cc, Manual, Petrol | Rs. 12.11 Lakh |
| AX Opt 4-Str Convert Top Diesel | 2184 cc, Manual, Diesel, 15.2 kmpl | Rs. 12.31 Lakh |
| AX Opt 4-Str Hard Top Diesel | 2184 cc, Manual, Diesel, 15.2 kmpl | Rs. 12.41 Lakh |
Down payment required for Mahindra Thar Car Loan
- The downpayment for a Mahindra Thar AX Opt 4-Str Convert Top with a loan at a 9.8% rate is Rs.1.41 Lakh, with an EMI of Rs.27,024 for 60 months.
- The downpayment for a Mahindra Thar AX Opt 4-Str Convert Top Diesel with a loan at a 9.8% rate is Rs.1.47 Lakh, with an EMI of Rs.28,164 for 60 months.
- The downpayment for a Mahindra Thar AX Opt 4-Str Hard Top Diesel with a loan at a 9.8% rate is Rs.1.49 Lakh, with an EMI of Rs.28,392 for 60 months.
- The downpayment for a Mahindra Thar LX 4-Str Hard Top with a loan at a 9.8% rate is Rs.1.49 Lakh, with an EMI of Rs.28,531 for 60 months.
- The downpayment for a Mahindra Thar LX 4-Str Convert Top Diesel with a loan at a 9.8% rate is Rs.1.57 Lakh, with an EMI of Rs.30,071 for 60 months.
About Mahindra Thar
The Mahindra Thar is a four-seater SUV that costs between 12.12 and 14.17 lakh rupees. It comes in ten different configurations, with one engine and two transmission options: manual and automatic (Torque Converter). Ground Clearance of 219 mm is another important feature of the Thar. The Thar is available in six different colours. The Thar has always been a competent off-roader, but it’s also a more planted car on the highway. As a result, it has a strong case to be considered as a daily commute alternative.
New Safety & Security Features which are found on Every model of Mahindra Thar
Since the Mahindra Thar is a tough off-roader, it only has a few safety features. Only the top-of-the-line model comes with an engine immobiliser. Few safety features are as follows.
- Central locking
- Traction control
- Power door locks
Mahindra Thar Comparison with similar cars
| Specs | Jeep Wrangler | Mahindra Thar | Mahindra Bolero |
| On Road Price | Rs.66,78,306* | Rs.16,32,304* | Rs.10,69,762* |
| Engine Type | Petrol Engine | mStallion 150 TGDi Engine | mHAWK75 BSVI |
| Displacement (cc) | 1998 | 1997 | 1498 |
| Max Power (bhp@rpm) | 268bhp@5250rpm | 150bhp@5000rpm | 74.96bhp@3600rpm |
| Max Torque (nm@rpm) | 400nm@3000rpm | 320nm@1500-3000rpm | 210Nm@1600-2200rpm |
| No Of Cylinder | 4 | 4 | 3 |
| Valves Per Cylinder | 4 | 4 | 4 |
| Transmission Type | Automatic | Automatic | Manual |
| Fuel Type | Petrol | Petrol | Diesel |
| Mileage (ARAI) | 12.1 kmpl | – | 16.0 kmpl |
| Fuel Tank Capacity | Not Available (Litres) | 57.0 (Litres) | 60.0 (Litres) |
Mahindra Thar Mileage
| Fuel Type | Transmission | ARAI Mileage | City Mileage |
|---|---|---|---|
| Diesel | Manual | 15.2 kmpl | – |
| Petrol | Manual | 15.2 kmpl | – |
| Petrol | Automatic | 9.16 kmpl | 12.18 kmpl |
How to get Mahindra Thar Car Loan
The fastest way to get a car loan for a Mahindra Thar is through Dialabank, India’s First Financial Helpline. As a result, customers who participate can save time and money. Please visit www.dialabank.com to apply for a loan. Dialabank can also be reached by mobile at 9878981166.
Mahindra Thar News
Feb 12, 2021 – Mahindra Thar vs Mahindra XUV300: Not What You Think Comparison
After all the tests we have put the two cars through, one thing has become absolutely clear. The Thar is not as capable as an urban SUV in terms of its space and practicality. While it comes close in a few aspects like cabin features and storage, the difference in boot space, rear-seat comfort, and ride quality are significant. Overall, even in this new generation, the Thar ends up feeling like a compromise inside the city. Now whether you are ready to make that compromise, given the Thar’s charming road presence and off-road capability, is a decision you will have to take along with your family.
Oct 05, 2020 – Here Is How You Can Make Your Thar Look Different!
Mahindra has launched the new Thar at a starting price of Rs 9.80 lakh. Although it is available in just three variants – AX, AX(O) and LX – Mahindra is offering the Thar in more than 10 different configurations depending on the number of seats, type of roof and powertrain. As if that was not enough, there’re also various other accessories and merchandise options on offer with the Thar to give the SUV a unique appearance and capabilities.
Mahindra Thar FAQs
✅ What is Mahindra Thar’s exact on-road price?
The Thar starts at Rs. 14,19,820 on the road in Delhi. RTO fees and insurance are included in the on-road price.
✅ What are the current Mahindra Thar offers for May?
One offer is available on the Mahindra Thar in Delhi for the month of May 2021.
✅ Which is best, the Thar or the Wrangler?
The Thar costs Rs 12.11 lakh ex-showroom, while the Wrangler costs Rs 53.90 lakh ex-showroom. Compare the prices, features, and specifications of these two models.
✅ What would Mahindra Thar’s EMI or down payment be?
The EMI begins at 27,024 per month for a 60-month term at 9.8% for a loan amount of Rs 12.77 lakh, with Rs. 1.42 lakh down payment.
