The Mahindra Thar Roxx is a highly sought-after SUV in the Indian market, with its 5-door variant being particularly popular. The SUV is available in both petrol and diesel options, with prices ranging from Rs 12.99 lakh to Rs 23.09 lakh. To make the purchase more affordable, Mahindra offers financing options through car loans.
The entry-level model, the MX1 RWD (petrol), is priced at Rs 12.99 lakh in Delhi. To buy this variant, a loan of approximately Rs 11.69 lakh would be required, depending on the buyer’s credit score. A higher credit score may allow for a larger loan amount.
To secure a car loan for the Mahindra Thar Roxx, a down payment of around Rs 1.30 lakh is required. Making a higher down payment can reduce the monthly installments. The estimated monthly EMI for a four-year loan at an interest rate of 9% would be approximately Rs 29,000. However, the monthly EMI can be reduced by extending the loan term. For example, a five-year loan would result in an EMI of around Rs 24,300, while a six-year loan would be approximately Rs 21,100, and a seven-year loan would be around Rs 18,800.
It’s essential for potential buyers to understand the bank’s policies before securing a car loan, as figures may vary depending on the banking institution. The Mahindra Thar Roxx is a popular choice among SUV enthusiasts, and with financing options available, it’s now more accessible than ever.