Car Loan for Mahindra XUV300: Features & Benefits
Mahindra XUV300 Car Loan Interest Rate | 7.35%* per annum |
Mahindra XUV300 Car Loan Min Loan Amount | ₹ 100,000 |
Mahindra XUV300 Car Loan Max Loan Amount | Loan up to 90% of On Road Price |
(Loan to Value) | or 100% of Ex-showroom Price |
Mahindra XUV300 Car Loan Tenure | 1 year to 7 years |
Lowest EMI / Lac | ₹ 1,622 |
Minimum Net Monthly Income | ₹ 20,000 |
Minimum ITR for Self Employed | ₹ 2,00,000 |
Age Criteria | Salaried: 21 years to 60 years Self Employed: 21 years to 65 years |
Types of Cars | For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs). |
Mahindra XUV300 Car Loan Processing Fee | 0.40% of the principal amount |
Foreclosure Charges | 6% (7-12 months) |
Basic Documentation | Address Proof, Bank Statement, Car Quotation, and ID Proof |
Mahindra XUV300 Car Loan Eligibility Criteria
Salaried Individual |
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Self-Employed Individuals |
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Self-Employed Non-Individuals (Company/Partnership) |
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Priority Customers |
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Mahindra XUV300 Car Loan EMI Calculator
Mahindra XUV300 Car Loan EMI starts at Rs 7,997 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 3.78 Lakh. The EMI Calculator tool on Dialabank gives a detailed breakdown of the total payable amount and helps you find the best car finance for your Mahindra XUV300. To check your EMI visit the Dialabank EMI Calculator page.
Mahindra XUV300 Car Loan Interest Rate, Fees, and Charges
Charges | New Car Loan | Used Car Loan |
Interest Rate | 7.35% | 11.80% p.a. to 13.80% p.a. |
Mahindra XUV300 Car Loan Processing fee | 0.40% | 0.40% |
Issuance of Duplicate Repayment Schedule Charges | Around Rs.500 | Around Rs.500 |
Foreclosure Charges | 6% | 6% |
Penal Interest | 2% PM | 2% PM |
Mahindra XUV300 Car Loan Part Payment charges | 6% of the amount | 6% of the amount |
Cheque/Instrument Swap Charge | Around Rs.500 | Around Rs.500 |
Documentation Charge | Around Rs. 500 | Around Rs. 500 |
Issuance of Duplicate No Dues Certificate Charges | Around Rs. 500 | Around Rs. 500 |
Registration Certification Collection Charge | Around Rs. 200 | Around Rs. 200 |
Cheque Bounce/Instrument Return Charges | Around Rs. 500 | Around Rs. 500 |
Issuance of Duplicate Statement Charges | Around Rs. 500 | Around Rs. 500 |
Loan Cancellation/Re-booking Charges | Around Rs. 1000 | Around Rs. 1000 |
Issuance of Credit Report | Around Rs. 50 | Around Rs. 50 |
Documents Required for Mahindra XUV300 Car Loan
Mahindra XUV300 Car Loan Salaried Individual
Category | Documents Required |
Identity Proof
(Any 1) |
Passport Voter ID Aadhar Card Driving License |
Address Proof
(Any 1) |
Aadhar Card PAN Driving License Electricity Bill |
Date of Birth Proof
(Any 1) |
Passport Birth Certificate High School Marksheet Driving Licence |
Signature Proof
(Any 1) |
PAN Bankers Verification Passport |
Income Proof | Salary Slip and latest Form No.16 |
Bank Statement | Last 6 month Bank statement |
Employment Continuity Proof | Job card by NREGA ITR of Form no. 16 Salary Slip mentioned with joining date Letter of Appointment |
Mahindra XUV300 Car Loan Self-Employed Individuals
Category | Documents Required |
Identity Proof (Any 1) | PAN Card Passport Voter ID Aadhar Card |
Address Proof (Any 1) | PAN Card Voter ID Passport Electricity Bill |
Date of Birth Proof (Any 1) | Birth Certificate Passport Driving Licence PAN |
Signature Proof (Any 1) | PAN Bankers Verification Passport |
Bank Statement | Bank statement of last 6 months |
Employment Continuity Proof | Latest ITRs Shop & Establishment Act Certificate Shop & Establishment Act Certificate Sales Tax or VAT Certificate |
Business Proof | Registration Certificate Telephone Bill/Electricity Bill Shop & Establishment Act Certificate SSI or MSME Registration Certificate |
Mahindra XUV300 Car Loan Self-Employed Non-Individuals
Mahindra XUV300 Car Loan Partnership Firms/Societies
Category | Documents Required |
Identity Proof (Any 1) | Driving Licence PAN Card Aadhar Card Passport |
Address Proof (Any 1) | Electricity Bill/Telephone Bill Aadhar Card Driving License Voter ID |
Income Proof | Audited Balance Sheet P&L Account ITR for the previous 2 years |
Bank Statement | Last 6 month |
Business Continuity Proof | Company ITR of the last 2 years Audited Balance Sheet TAX registration Certificate Current Account Statement |
Additional documents | Letter of Authority or PAN Card |
Mahindra XUV300 Car Loan Private Limited/Limited Companies
Category | Documents Required |
Identity Proof | The latest copy of MOA and AOA Copy of Incorporation |
Address Proof (Any 1) | SSI/MSME Registration Certificate Telephone Bill Electricity Bill Shop & Establishment Act Certificate Sales Tax Certificate |
Income Proof | Audited Balance Sheet P&L Account and ITR for the previous 2 years |
Bank Statement | Previous 6 Months |
Business Continuity Proof | P&L account and ITR of the Company of the past 2 years Audited Balance Sheet Shop & Establishment Act Certificate |
Additional documents |
List of Shareholding partners and Directors
Board Resolution PAN Card Certificate of Commencement of Business for Ltd. Co. |
Mahindra XUV300
Price – Rs.7.95 – 13.09 Lakh |
Mahindra XUV300 Price
The Mahindra XUV300 is priced between Rs. 7.95 lakh and Rs. 13.09 lakh. The Mahindra XUV300 is available in 16 different models, with the W4 being the most affordable and the Mahindra XUV300 W8 AMT Option Diesel Dual Tone costing Rs. 13.09 lakh.
Prices of Mahindra XUV300 Exshowroom Delhi
Versions | On-Road Price |
XUV300 1.2 W4 | ₹ 8.97 Lakh |
XUV300 1.5 W4 | ₹ 10.35 Lakh |
XUV300 1.2 W6 | ₹ 10.90 Lakh |
XUV300 1.2 W6 AMT | ₹ 12.02 Lakh |
XUV300 1.2 W8 | ₹ 12.09 Lakh |
XUV300 1.5 W6 | ₹ 12.35 Lakh |
XUV300 1.5 W6 AMT | ₹ 13.10 Lakh |
XUV300 1.2 W8 (O) | ₹ 13.42 Lakh |
XUV300 1.2 W8(O) Dual Tone | ₹ 13.59 Lakh |
XUV300 1.5 W8 | ₹ 13.74 Lakh |
XUV300 1.2 W8 (O) AMT | ₹ 14.17 Lakh |
JUST LAUNCHED | ₹ 14.35 Lakh |
XUV300 1.2 W8 (O) AMT Dual Tone | |
XUV300 1.5 W8 (O) | ₹ 14.64 Lakh |
XUV300 1.5 W8(O) Dual Tone | ₹ 14.82 Lakh |
XUV300 1.5 W8 (O) AMT | ₹ 15.43 Lakh |
JUST LAUNCHED | ₹ 15.61 Lakh |
XUV300 1.5 W8 (O) AMT Dual Tone |
Down payment required for Mahindra XUV300 Car Loan
Lenders usually fund 90% of the On-Road Price of the Mahindra XUV300. Some consumers may also be eligible for 100% financing. The down payment is the difference between the On-Road Price of the Mahindra XUV300 and the loan amount. The principal and length of the loan decide the Mahindra XUV300 interest rate the most. Customers can also negotiate a lower interest rate on their loan with the lender. Lenders usually finance 90% of the Mahindra XUV300 On-Road Price. Some consumers may also be eligible for 100% financing.
About Mahindra XUV300
The Mahindra XUV300 is a 5-seater SUV that costs between Rs. 7.95 and Rs. 13.09 lakh*. It comes in 16 different configurations, two BS6-compliant engine options, and two transmission options: manual and automatic. The XUV300 has a kerb weight, a ground clearance of 180mm, and a boot room of 259 litres, among other features. The XUV300 is available in seven different colours. Over 2161 user reviews for Mahindra XUV300 based on mileage, performance, price, and overall experience.
Mahindra launched the XUV300 sub-four metre SUV in the country in February 2019. Based on the Ssangyong Tivoli, the model has been shortened to accommodate the model into the sub-four metre category of cars. Exterior highlights of the Mahindra XUV300 include projector headlamps with LED DRLs, a grille with chrome inserts, fog lights, contrast silver-coloured skid plates, electrically adjustable ORVMs, LED tail lights, an integrated spoiler, and 17-inch alloy wheels. Under the hood, the Mahindra XUV300 is available with a choice of two powertrains that include a 1.2-litre, three-cylinder petrol engine and a 1.5-litre, four-cylinder diesel engine.
The former produces 109bhp and 200Nm of torque, while the latter produces 115bhp and 300Nm of torque. Transmission options include a six-speed manual unit and an AMT unit.
Mahindra XUV300 Mileage
The mileage of the Mahindra XUV300 ranges from 17.0 to 20.0 kmpl. The mileage of the Manual Diesel version is 20.0 kmpl. The mileage of the Automatic Diesel version is 20.0 kmpl. 17.0 kmpl is the mileage of the Manual Petrol variant. 17.0 kmpl is the mileage of the Automatic Petrol model.
Fuel Type | Transmission | ARAI Mileage |
Diesel | Manual | 20.0 kmpl |
Diesel | Automatic | 20.0 kmpl |
Petrol | Manual | 17.0 kmpl |
Petrol | Automatic | 17.0 kmpl |
How to get Mahindra XUV300 Car Loan
- Visit the official page of Dialabank
- Go to the Car Loan option and fill up all the required information asked, like name etc.
- Our relationship manager will get in touch with you over your application and solve all your doubts.
- Contact Dialabank at 9878981166 for further queries.
Mahindra XUV300 News
Mahindra Registers Several SUVs Under The XUV Series
Mahindra is gearing up for new launches, including the XUV700 and the new Scorpio, which were just revealed. While the forthcoming XUV700 is the spiritual successor to the ageing XUV500, the latter will be replaced by a new-generation model in 2022. Apart from these, Mahindra seems to be preparing to extend the XUV series with new nameplates.
Up to Rs 44,000 in discounts are available on the Mahindra XUV300.
- The Maruti Vitara Brezza comes in second, with benefits worth up to Rs 33,000.
- Ford is offering a Rs 24,000 discount on the EcoSport.
- As a loyalty bonus, the Renault Kiger gets a 5-year/1lakh km extended warranty.
- The Tata Nexon (diesel variants) and Toyota Urban Cruiser earn only Rs 15,000 and Rs 20,000 in exchange bonuses.
- All of the deals are good until May 31, 2021.
FAQs
✅ What is the on-road price of a Mahindra XUV300?
In Delhi, the XUV300 begins at Rs. 8,92,576 on the route. RTO fees and insurance are included in the on-road price.
✅ What are the current Mahindra XUV300 offers for May?
In Delhi, there are two deals on the Mahindra XUV300 for May 2021.
✅ What is the Minimum and Maximum Loan Amount for Mahindra XUV300 Car Loan?
The minimum loan amount is Rs 100,000, and the maximum loan amount is Loan up to 90% of On Road Price.
✅ What is the Mahindra XUV300 Car Loan Tenure?
One year – 7 years is the loan tenure for Mahindra XUV300 Car Loan.
✅ Which car is better: the XUV300 or the Vitara Brezza?
The XUV300 costs Rs 7.95 lakh ex-showroom, while the Vitara Brezza costs Rs 7.51 lakh ex-showroom. Thus, you can compare the prices, features, and specifications of these two models.
✅ What will the Mahindra XUV300’s EMI or down payment be?
The EMI for a Mahindra XUV300 starts at 16,994 per month for a 60-month term at 9.8% for a loan sum of Rs 8.03 lakh and a down payment of Rs 89,000.
✅ Is the Mahindra XUV300 a 5-seater or 7-seater?
The Mahindra XUV300 is a 5-seater car that costs Rs 7.95 lakh.