Mahindra XEV 9e EMI Calculator


Updated on October 2026
Mahindra XEV 9e EMI starts at ₹41,337 per month for the Pack One electric(battery) (₹21.90 Lakh ex-showroom, ₹23.65 Lakh on-road Delhi), on a ₹19.23 Lakh loan at 10.5% for 60 months. Down payment: ₹4.41 Lakh. Total interest: ₹5.57 Lakh. The top Pack Three 11.2kw Charger costs ₹59,035/month.
Also see: XEV 9e On-road price | XEV 9e Variants | XEV 9e Offers | XEV 9e Mileage

Mahindra XEV 9e Pack One EMI & Down Payment

Ex-showroom
: Rs. 21,90,000
On-road price
: Rs. 23,64,611  (Delhi)
Loan amount
: Rs. 19,23,186  (On-road - Down payment)
Down payment
: Rs. 4,41,425  (On-road - Loan amount)
Monthly EMI
: Rs. 41,337  (For Tenure of 60 months @ 10.5%; banks start from 8.7%)
Insurance
: Rs. 89,211
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Mahindra XEV 9e Car Loan EMI Calculator

On-road price (Delhi)
Rs. 23,64,611
Down payment
Rs. 4,41,425
Loan amount
Rs. 19,23,186
Interest rate
10.5%
Tenure
60 months
Monthly EMI
Rs. 41,337
Total interest
Rs. 5,57,034
Total payable
Rs. 24,80,220
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 XEV 9e Car Loan Interest Rates – Bank Comparison

Lending Partners Interest Rate EMI Starting From (60 Months)
Loans From HDFC BankHDFC Bank 8.85% onwards Rs. 39,782 (60 months)
Loans From ICICI BankICICI Bank 9% onwards Rs. 39,922 (60 months)
Loans From Axis BankAxis Bank 9.15% onwards Rs. 40,062 (60 months)
Loans From Bank of Baroda BankBank of Baroda 8.7% onwards Rs. 39,643 (60 months)
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Mahindra XEV 9e EMI by Loan Tenure

For a Rs. 19,23,186 loan on the Pack One electric(battery) at 10.5%.

Tenure EMI Total Interest Total Payable
36 months Rs. 62,508 Rs. 3,27,102 Rs. 22,50,288
48 months Rs. 49,240 Rs. 4,40,334 Rs. 23,63,520
60 months Rs. 41,337 Rs. 5,57,034 Rs. 24,80,220
84 months Rs. 32,426 Rs. 8,00,598 Rs. 27,23,784
Mahindra XEV 9e
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Mahindra XEV 9e
5.0 5 user reviews
Starts at ₹ 21.90 Lakh
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Mahindra XEV 9e Variant-wise EMI & Down Payment

XEV 9e Variants Fuel/Transmission Ex-showroom Loan @10.5% Down Payment EMI (60 months)
Pack One Electric(Battery) / Automatic Rs. 21,90,000 Rs. 19,23,186 Rs. 4,41,425 Rs. 41,337
Pack One 7.2kw Charger Electric(Battery) / Automatic Rs. 22,40,001 Rs. 19,67,219 Rs. 4,47,881 Rs. 42,283
Pack One 11.2kw Charger Electric(Battery) / Automatic Rs. 22,65,000 Rs. 19,89,235 Rs. 4,52,008 Rs. 42,756
Pack Two Electric(Battery) / Automatic Rs. 24,90,000 Rs. 21,87,382 Rs. 4,91,860 Rs. 47,015
Pack Two 7.2kw Charger Electric(Battery) / Automatic Rs. 25,40,001 Rs. 22,31,416 Rs. 4,97,716 Rs. 47,962
Pack Two 11.2kw Charger Electric(Battery) / Automatic Rs. 25,65,001 Rs. 22,53,432 Rs. 5,01,844 Rs. 48,435
Pack Two 79kWh Electric(Battery) / Automatic Rs. 26,50,000 Rs. 23,28,287 Rs. 5,39,792 Rs. 50,044
Pack Two 79kwh 7.2kw Charger Electric(Battery) / Automatic Rs. 27,00,001 Rs. 23,72,321 Rs. 5,42,033 Rs. 50,990
Pack Two 79kwh 11.2kw Charger Electric(Battery) / Automatic Rs. 27,25,001 Rs. 23,94,337 Rs. 5,46,504 Rs. 51,464
Pack Three Select Electric(Battery) / Automatic Rs. 27,90,000 Rs. 24,51,579 Rs. 5,40,494 Rs. 52,694
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EMI of Mahindra XEV 9e Rivals – Sierra, Seltos, e Vitara

Mahindra XEV 9e EMI – Frequently Asked Questions

What is the starting EMI of the Mahindra XEV 9e?

The Mahindra XEV 9e EMI starts at ₹41,337 per month for the Pack One electric(battery) on a ₹19.23 Lakh loan at 10.5% for 60 months. Its on-road price in Delhi is ₹23.65 Lakh.

What is the minimum down payment for the Mahindra XEV 9e?

About ₹4.41 Lakh for the Pack One electric(battery) in Delhi: the on-road price of ₹23.65 Lakh minus a ₹19.23 Lakh loan.

How much total interest will I pay on a Mahindra XEV 9e loan?

On a ₹19.23 Lakh loan at 10.5% for 60 months you pay ₹5.57 Lakh in interest, or ₹24.80 Lakh in total.

What is the Mahindra XEV 9e EMI for a 3-year versus a 7-year tenure?

For a ₹19.23 Lakh loan at 10.5%, the EMI is ₹62,508 per month over 3 years (₹3.27 Lakh interest) and ₹32,426 per month over 7 years (₹8.01 Lakh interest).

Which bank has the lowest interest rate for a Mahindra XEV 9e loan?

Of the banks listed on this page, Bank of Baroda starts lowest at 8.7%, which makes the EMI ₹39,643 per month on a ₹19.23 Lakh loan for 60 months.

What is the EMI of the top Mahindra XEV 9e variant?

The Pack Three 11.2kw Charger costs ₹59,035 per month on a ₹27.47 Lakh loan at 10.5% for 60 months.

How is the Mahindra XEV 9e 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 XEV 9e
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Starts at Rs. 21.90 Lakh
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