Mahindra Bolero Neo EMI Calculator

Updated on October 2026

Mahindra Bolero Neo EMI starts at ₹17,049 per month for the N4 diesel (₹9.06 Lakh ex-showroom, ₹10.88 Lakh on-road Delhi), on a ₹7.93 Lakh loan at 10.5% for 60 months. Down payment: ₹2.95 Lakh. Total interest: ₹2.30 Lakh. The top N10 Opt costs ₹20,421/month.

Also see: Bolero Neo On-road price | Bolero Neo Variants | Bolero Neo Offers | Bolero Neo Mileage

Mahindra Bolero Neo N4 EMI & Down Payment

Ex-showroom

: Rs. 9,06,000

On-road price

: Rs. 10,88,333 (Delhi)

Loan amount

: Rs. 7,93,224 (On-road - Down payment)

Down payment

: Rs. 2,95,109 (On-road - Loan amount)

Monthly EMI

: Rs. 17,049 (For Tenure of 60 months @ 10.5%; banks start from 8.7%)

Insurance

: Rs. 46,098

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Mahindra Bolero Neo Car Loan EMI Calculator

On-road price (Delhi): Rs. 10,88,333
Down payment: Rs. 2,95,109
Loan amount: Rs. 7,93,224
Interest rate: 10.5%
Tenure: 60 months
Monthly EMI: Rs. 17,049
Total interest: Rs. 2,29,716
Total payable: Rs. 10,22,940

EMI in advance: You pay one EMI instalment in advance to the bank. This amount is deducted from the loan amount disbursed to the dealer. Thus it gets added to the down payment that you are to make.
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EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan amount minus any other one time fees. ..Read More ..Read Less

Mahindra Bolero Neo Car Loan Interest Rates – Bank Comparison

Lending Partners	Interest Rate	EMI Starting From (60 Months)
HDFC Bank	8.85% onwards	Rs. 16,408 (60 months)
ICICI Bank	9% onwards	Rs. 16,466 (60 months)
Axis Bank	9.15% onwards	Rs. 16,524 (60 months)
Bank of Baroda	8.7% onwards	Rs. 16,351 (60 months)

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Mahindra Bolero Neo EMI by Loan Tenure

For a Rs. 7,93,224 loan on the N4 diesel at 10.5%.

Tenure	EMI	Total Interest	Total Payable
36 months	Rs. 25,782	Rs. 1,34,928	Rs. 9,28,152
48 months	Rs. 20,309	Rs. 1,81,608	Rs. 9,74,832
60 months	Rs. 17,049	Rs. 2,29,716	Rs. 10,22,940
84 months	Rs. 13,374	Rs. 3,30,192	Rs. 11,23,416

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Mahindra Bolero Neo

4.1 35 user reviews

Starts at ₹ 9.06 Lakh

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Mahindra Bolero Neo Variant-wise EMI & Down Payment

Bolero Neo Variants	Fuel/Transmission	Ex-showroom	Loan @10.5%	Down Payment	EMI (60 months)
N4	Diesel / Manual	Rs. 9,06,000	Rs. 7,93,224	Rs. 2,95,109	Rs. 17,049
N8	Diesel / Manual	Rs. 9,69,000	Rs. 8,48,705	Rs. 3,10,390	Rs. 18,242
N10	Diesel / Manual	Rs. 9,97,000	Rs. 8,73,364	Rs. 3,17,291	Rs. 18,772
N10 R	Diesel / Manual	Rs. 9,99,898	Rs. 8,75,915	Rs. 3,19,127	Rs. 18,827
N11	Diesel / Manual	Rs. 10,39,000	Rs. 9,09,551	Rs. 3,79,097	Rs. 19,550
N10 Opt	Diesel / Manual	Rs. 10,85,000	Rs. 9,50,061	Rs. 3,93,450	Rs. 20,421

EMI of Mahindra Bolero Neo Rivals – Brezza

Mahindra Bolero
Rs. 8.57 Lakh
Bolero EMI Compare with Bolero Neo
Mahindra Scorpio
Rs. 13.43 Lakh
Scorpio EMI Compare with Bolero Neo
Maruti Suzuki Brezza
Rs. 7.50 Lakh
Brezza EMI Compare with Bolero Neo
Mahindra Bolero Neo Plus
Rs. 11.46 Lakh
Bolero Neo Plus EMI Compare with Bolero Neo
Mahindra Scorpio N
Rs. 13.69 Lakh
Scorpio N EMI Compare with Bolero Neo

Mahindra Bolero Neo EMI – Frequently Asked Questions

What is the starting EMI of the Mahindra Bolero Neo?

The Mahindra Bolero Neo EMI starts at ₹17,049 per month for the N4 diesel on a ₹7.93 Lakh loan at 10.5% for 60 months. Its on-road price in Delhi is ₹10.88 Lakh.

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

About ₹2.95 Lakh for the N4 diesel in Delhi: the on-road price of ₹10.88 Lakh minus a ₹7.93 Lakh loan.

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

On a ₹7.93 Lakh loan at 10.5% for 60 months you pay ₹2.30 Lakh in interest, or ₹10.23 Lakh in total.

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

For a ₹7.93 Lakh loan at 10.5%, the EMI is ₹25,782 per month over 3 years (₹1.35 Lakh interest) and ₹13,374 per month over 7 years (₹3.30 Lakh interest).

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

Of the banks listed on this page, Bank of Baroda starts lowest at 8.7%, which makes the EMI ₹16,351 per month on a ₹7.93 Lakh loan for 60 months.

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

The N10 Opt costs ₹20,421 per month on a ₹9.50 Lakh loan at 10.5% for 60 months.

How is the Mahindra Bolero Neo 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

4.1 35 user reviews

Starts at Rs. 9.06 Lakh

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Mahindra Bolero Neo 2026 Brochure

Download brochure for detailed information of specifications, features & variants prices

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