Mahindra XEV 9S EMI Calculator


Updated on October 2026
Mahindra XEV 9S EMI starts at ₹38,971 per month for the Pack One Above 59kWh 7-Seater electric(battery) (₹20.65 Lakh ex-showroom, ₹22.36 Lakh on-road Delhi), on a ₹18.13 Lakh loan at 10.5% for 60 months. Down payment: ₹4.23 Lakh. Total interest: ₹5.25 Lakh. The top Pack Three Above 79kWh 6-Seater costs ₹56,953/month.
Also see: XEV 9S On-road price | XEV 9S Variants | XEV 9S Offers | XEV 9S Mileage

Mahindra XEV 9S Pack One Above 59kWh 7-Seater EMI & Down Payment

Ex-showroom
: Rs. 20,65,000
On-road price
: Rs. 22,36,489  (Delhi)
Loan amount
: Rs. 18,13,104  (On-road - Down payment)
Down payment
: Rs. 4,23,385  (On-road - Loan amount)
Monthly EMI
: Rs. 38,971  (For Tenure of 60 months @ 10.5%; banks start from 8.7%)
Insurance
: Rs. 84,739
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Mahindra XEV 9S Car Loan EMI Calculator

On-road price (Delhi)
Rs. 22,36,489
Down payment
Rs. 4,23,385
Loan amount
Rs. 18,13,104
Interest rate
10.5%
Tenure
60 months
Monthly EMI
Rs. 38,971
Total interest
Rs. 5,25,156
Total payable
Rs. 23,38,260
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 9S Car Loan Interest Rates – Bank Comparison

Lending Partners Interest Rate EMI Starting From (60 Months)
Loans From HDFC BankHDFC Bank 8.85% onwards Rs. 37,505 (60 months)
Loans From ICICI BankICICI Bank 9% onwards Rs. 37,637 (60 months)
Loans From Axis BankAxis Bank 9.15% onwards Rs. 37,769 (60 months)
Loans From Bank of Baroda BankBank of Baroda 8.7% onwards Rs. 37,374 (60 months)
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Mahindra XEV 9S EMI by Loan Tenure

For a Rs. 18,13,104 loan on the Pack One Above 59kWh 7-Seater electric(battery) at 10.5%.

Tenure EMI Total Interest Total Payable
36 months Rs. 58,930 Rs. 3,08,376 Rs. 21,21,480
48 months Rs. 46,422 Rs. 4,15,152 Rs. 22,28,256
60 months Rs. 38,971 Rs. 5,25,156 Rs. 23,38,260
84 months Rs. 30,570 Rs. 7,54,776 Rs. 25,67,880
Mahindra XEV 9S
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Mahindra XEV 9S
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Starts at ₹ 20.65 Lakh
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Mahindra XEV 9S Variant-wise EMI & Down Payment

XEV 9S Variants Fuel/Transmission Ex-showroom Loan @10.5% Down Payment EMI (60 months)
Pack One Above 59kWh 7-Seater Electric(Battery) / Automatic Rs. 20,65,000 Rs. 18,13,104 Rs. 4,23,385 Rs. 38,971
Pack One Above 79kWh 7-Seater Electric(Battery) / Automatic Rs. 22,65,000 Rs. 19,89,235 Rs. 4,73,766 Rs. 42,756
Pack Two Above 70kWh 7-Seater Electric(Battery) / Automatic Rs. 25,05,000 Rs. 22,00,592 Rs. 5,13,403 Rs. 47,299
Pack Two Above 70kWh 6-Seater Electric(Battery) / Automatic Rs. 25,25,000 Rs. 22,18,205 Rs. 4,56,140 Rs. 47,678
Pack Two Above 79kWh 7-Seater Electric(Battery) / Automatic Rs. 25,95,000 Rs. 22,79,851 Rs. 5,28,017 Rs. 49,003
Pack Two Above 79kWh 6-Seater Electric(Battery) / Automatic Rs. 26,15,000 Rs. 22,97,464 Rs. 4,71,153 Rs. 49,381
Pack Three 79kWh 7-Seater Electric(Battery) / Automatic Rs. 27,85,000 Rs. 24,47,176 Rs. 5,59,612 Rs. 52,599
Pack Three 79kWh 6-Seater Electric(Battery) / Automatic Rs. 28,05,000 Rs. 24,64,789 Rs. 5,02,849 Rs. 52,978
Pack Three Above 79kWh 7-Seater Electric(Battery) / Automatic Rs. 29,95,000 Rs. 26,32,113 Rs. 5,94,745 Rs. 56,574
Pack Three Above 79kWh 6-Seater Electric(Battery) / Automatic Rs. 30,15,000 Rs. 26,49,726 Rs. 5,37,881 Rs. 56,953

EMI of Mahindra XEV 9S Rivals – Harrier EV, Hector Tomahawk EV

Mahindra XEV 9S EMI – Frequently Asked Questions

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

The Mahindra XEV 9S EMI starts at ₹38,971 per month for the Pack One Above 59kWh 7-Seater electric(battery) on a ₹18.13 Lakh loan at 10.5% for 60 months. Its on-road price in Delhi is ₹22.36 Lakh.

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

About ₹4.23 Lakh for the Pack One Above 59kWh 7-Seater electric(battery) in Delhi: the on-road price of ₹22.36 Lakh minus a ₹18.13 Lakh loan.

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

On a ₹18.13 Lakh loan at 10.5% for 60 months you pay ₹5.25 Lakh in interest, or ₹23.38 Lakh in total.

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

For a ₹18.13 Lakh loan at 10.5%, the EMI is ₹58,930 per month over 3 years (₹3.08 Lakh interest) and ₹30,570 per month over 7 years (₹7.55 Lakh interest).

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

Of the banks listed on this page, Bank of Baroda starts lowest at 8.7%, which makes the EMI ₹37,374 per month on a ₹18.13 Lakh loan for 60 months.

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

The Pack Three Above 79kWh 6-Seater costs ₹56,953 per month on a ₹26.50 Lakh loan at 10.5% for 60 months.

How is the Mahindra XEV 9S 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 9S
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Starts at Rs. 20.65 Lakh
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