planning to buy Mahindra Scorpio Classic And wondering how much EMI will you have to pay? Here is a table that shows the variant-wise on-road (Delhi) price of Mahindra SUV, and the lowest monthly installment you will have to pay for it taking into account the average tenure, ROI, as well as down payment –
| type | on-road price (Delhi) |
tenure | Rate of interest (Estimated) |
advanced payment | EMI |
| s | Rs 14,42,319 | 5 years | 9.8% | Rs 1,50,000 | Rs 27,331 |
| S11 | Rs 18,54,816 | 5 years | 9.8% | Rs 1,85,000 | Rs 35,315 |
To make it easy for you, we have chosen an average tenure of 5 years as standard with an approximate 10% down payment amount and an estimated 9.8% bank interest rate. Note that the buyer is free to decide the period for which he will take the loan, while the interest rate varies from bank to bank. In addition, you can also choose to pay a higher or lower down payment, which will increase or decrease your Easy Monthly Installment (EMI) respectively.
Mahindra is offering the Scorpio Classic SUV in India in just two variants – S and S11, priced at Rs 11.99 lakh and Rs 15.49 lakh (both prices, ex-showroom) respectively. However, the on-road (Delhi) price of the Mahindra SUV is currently between Rs 14.42 lakh and Rs 18.55 lakh.
For example, let’s say you decide to buy the entry-level S variant of the Scorpio Classic, which currently has an ex-showroom price of Rs 11.99 lakh. If you pay Rs 1.50 lakh out of the Rs 14,42,319 on-road (Delhi) price, you will have to pay Rs 27,331 as EMI for a period of 60 months (5 years).
Let us know in the comments below if you want to know the loan EMI for any other car, bike or scooter of your choice!