Know Mahindra Scorpio Classic SUV's loan EMI on Rs 1.5 lakh down payment: Details explained

Mahindra recently launched the Scorpio Classic in the Indian market as a means to bridge the gap between the dedicated off-roader Thar, as well as the more practical and premium new Scorpio-N. The Scorpio Classic is based on the previous-gen version of the Scorpio, albeit with a few noteworthy changes.

Planning to buy the Mahindra Scorpio Classic and wondering how much EMI would you have to pay? Here’s a table showing the variant-wise on-road (Delhi) price of the Mahindra SUV, and the lowest monthly installment you would have to shell out for it, keeping in mind an average tenure, ROI, as well as down payment -


To make it easier for you, we have chosen an average tenure period of 5 years as standard, along with approximately 10% down payment amount, and an estimated 9.8% bank interest rate. Do note that the buyer is free to decide the tenure for which he/she will be taking the loan for, whereas the interest rate varies from one bank to another. Moreover, you can also choose to pay a higher or a lower down payment, which will decrease or increase 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 currently ranges between Rs 14.42 lakh and Rs 18.55 lakh.

For example, let's assume you decide on purchasing 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 as down payment out of the Rs 14,42,319 on-road (Delhi) price, you would end up paying Rs 27,331 as an EMI for a period of 60 months (5 years).

Let us know in the comments below if you would like to know the loan EMI for any other car, bike or scooter of your choice!
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