Mahindra Bolero Neo Plus EMI Calculator


Updated on October 2026
Mahindra Bolero Neo Plus EMI starts at ₹21,575 per month for the P4 diesel (₹11.46 Lakh ex-showroom, ₹13.87 Lakh on-road Mohali), on a ₹10.04 Lakh loan at 10.5% for 60 months. Down payment: ₹3.84 Lakh. Total interest: ₹2.91 Lakh. The top P10 costs ₹23,657/month.
Also see: Bolero Neo Plus On-road price | Bolero Neo Plus Variants | Bolero Neo Plus Offers | Bolero Neo Plus Mileage

Mahindra Bolero Neo Plus P4 EMI & Down Payment

Ex-showroom
: Rs. 11,46,000
On-road price
: Rs. 13,87,460  (Mohali)
Loan amount
: Rs. 10,03,781  (On-road - Down payment)
Down payment
: Rs. 3,83,679  (On-road - Loan amount)
Monthly EMI
: Rs. 21,575  (For Tenure of 60 months @ 10.5%; banks start from 8.7%)
Insurance
: Rs. 72,170
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Mahindra Bolero Neo Plus Car Loan EMI Calculator

On-road price (Mohali)
Rs. 13,87,460
Down payment
Rs. 3,83,679
Loan amount
Rs. 10,03,781
Interest rate
10.5%
Tenure
60 months
Monthly EMI
Rs. 21,575
Total interest
Rs. 2,90,719
Total payable
Rs. 12,94,500
EMI in advance: You pay one EMI instalment in advance to the bank. This amount is EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan
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Mahindra Bolero Neo Plus Car Loan Interest Rates – Bank Comparison

Lending Partners Interest Rate EMI Starting From (60 Months)
Loans From HDFC BankHDFC Bank 8.85% onwards Rs. 20,764 (60 months)
Loans From ICICI BankICICI Bank 9% onwards Rs. 20,837 (60 months)
Loans From Axis BankAxis Bank 9.15% onwards Rs. 20,910 (60 months)
Loans From Bank of Baroda BankBank of Baroda 8.7% onwards Rs. 20,691 (60 months)
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Mahindra Bolero Neo Plus EMI by Loan Tenure

For a Rs. 10,03,781 loan on the P4 diesel at 10.5%.

Tenure EMI Total Interest Total Payable
36 months Rs. 32,625 Rs. 1,70,719 Rs. 11,74,500
48 months Rs. 25,700 Rs. 2,29,819 Rs. 12,33,600
60 months Rs. 21,575 Rs. 2,90,719 Rs. 12,94,500
84 months Rs. 16,924 Rs. 4,17,835 Rs. 14,21,616
Mahindra Bolero Neo Plus
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Mahindra Bolero Neo Plus
4.1 17 user reviews
Starts at ₹ 11.46 Lakh
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Mahindra Bolero Neo Plus Variant-wise EMI & Down Payment

Bolero Neo Plus Variants Fuel/Transmission Ex-showroom Loan @10.5% Down Payment EMI (60 months)
P4 Diesel / Manual Rs. 11,46,000 Rs. 10,03,781 Rs. 3,83,679 Rs. 21,575
P10 Diesel / Manual Rs. 12,56,000 Rs. 11,00,653 Rs. 4,13,279 Rs. 23,657

EMI of Mahindra Bolero Neo Plus Rivals – Sierra, Seltos

Mahindra Bolero Neo Plus EMI – Frequently Asked Questions

What is the starting EMI of the Mahindra Bolero Neo Plus?

The Mahindra Bolero Neo Plus EMI starts at ₹21,575 per month for the P4 diesel on a ₹10.04 Lakh loan at 10.5% for 60 months. Its on-road price in Mohali is ₹13.87 Lakh.

What is the minimum down payment for the Mahindra Bolero Neo Plus?

About ₹3.84 Lakh for the P4 diesel in Mohali: the on-road price of ₹13.87 Lakh minus a ₹10.04 Lakh loan.

How much total interest will I pay on a Mahindra Bolero Neo Plus loan?

On a ₹10.04 Lakh loan at 10.5% for 60 months you pay ₹2.91 Lakh in interest, or ₹12.95 Lakh in total.

What is the Mahindra Bolero Neo Plus EMI for a 3-year versus a 7-year tenure?

For a ₹10.04 Lakh loan at 10.5%, the EMI is ₹32,625 per month over 3 years (₹1.71 Lakh interest) and ₹16,924 per month over 7 years (₹4.18 Lakh interest).

Which bank has the lowest interest rate for a Mahindra Bolero Neo Plus loan?

Of the banks listed on this page, Bank of Baroda starts lowest at 8.7%, which makes the EMI ₹20,691 per month on a ₹10.04 Lakh loan for 60 months.

What is the EMI of the top Mahindra Bolero Neo Plus variant?

The P10 costs ₹23,657 per month on a ₹11.01 Lakh loan at 10.5% for 60 months.

How is the Mahindra Bolero Neo Plus down payment calculated?

Down payment is the on-road price minus the loan amount. ZigWheels finances 90% of the ex-showroom price, less the processing fee and one EMI paid in advance, so the down payment covers the rest of the ex-showroom price plus insurance, registration and other on-road charges.

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Mahindra Bolero Neo Plus
Mahindra Bolero Neo Plus
4.1 17 user reviews
Starts at Rs. 11.46 Lakh
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