Mahindra BE6 Buying Plan Explained: ₹5 Lakh Down Payment Leads to ₹23,931 Monthly EMI for 7 Years

Mahindra is a major car brand in the country, and they offer cars in many segments in India. The Mahindra BE6 is also available in the market. If you are planning to purchase this car, how much EMI will you be able to pay every month after investing Rs 5 lakh in it?

The base variant of this car costs Rs 18.90 lakh in terms of its ex-showroom price. The on-road price in Delhi is around Rs 19.87 lakh. This includes Rs 18.90 lakh as the ex-showroom price and Rs 78,000 as the insurance cost. There will also be TCS charges of Rs 19,000.

In case you purchase the base variant, the bank will fund the cost of the ex-showroom price. So, after making a down payment of ₹5 lakh, you'll need to finance an amount of ₹14.87 lakh. If the bank gives you ₹14.87 lakh for seven years at a 9% interest rate, you'll have to pay a monthly EMI of ₹23,931 for the next seven years.

If you take a car loan from a bank for ₹14.87 lakh for seven years at a 9% interest rate, you'll have to pay an EMI of ₹23,931 per month for seven years. Thus, over seven years, you'll pay approximately ₹5.22 lakh in interest for the Mahindra BE6. After which, you will pay a total price of around Rs 25.10 lakh, including ex-showroom, on-road, and interest.

The Mahindra BE6 faces competition from many SUVs in the market, but it competes directly with electric SUVs like the Tata Curvv EV, MG Windsor EV, Hyundai Creta Electric, and Vinfast VF6.