Mahindra XUV 3XO EV EMI Calculator


Updated on November 2026
Mahindra XUV 3XO EV EMI starts at ₹26,175 per month for the AX5 electric (₹13.89 Lakh ex-showroom, ₹15.02 Lakh on-road Ongole), on a ₹12.18 Lakh loan at 10.5% for 60 months. Down payment: ₹2.84 Lakh. Total interest: ₹3.53 Lakh. The top AX7L costs ₹28,200/month.
Also see: XUV 3XO EV On-road price | XUV 3XO EV Variants | XUV 3XO EV Offers | XUV 3XO EV Mileage

Mahindra XUV 3XO EV EMI and Down Payment

Ex-showroom
: Rs. 13,89,000
On-road price
: Rs. 15,02,048  (Ongole)
Loan amount
: Rs. 12,17,780  (On-road price - Down payment)
Down payment
: Rs. 2,84,268  (Amount paid upfront)
Monthly EMI
: Rs. 26,175  (For Tenure of 60 months @ 10.5%; banks start from 8.7%)
Insurance
: Rs. 60,558
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Mahindra XUV 3XO EV Car Loan EMI Calculator

Variant
AX5
On-road price (Ongole)
Rs. 15,02,048
Down payment
Rs. 2,84,268
Loan amount
Rs. 12,17,780
Interest rate
10.5%
Tenure
60 months
Monthly EMI
Rs. 26,175
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

Mahindra XUV 3XO EV Car Loan EMI & Loan Breakdown

Monthly EMI
Rs. 26,175
60 months @ 10.5%
  • Down paymentRs. 2,84,268
  • Loan amountRs. 12,17,780
  • Total interestRs. 3,52,720
  • Total loan repayment (EMIs)Rs. 15,70,500
  • Total purchase outlayRs. 18,54,768

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the AX5 costs you over the loan; it does not include insurance renewal, fuel, maintenance or lender charges other than the processing fee.

YearPrincipal paidInterest paidOutstanding loan
Year 1 Months 1-12Rs. 1,95,462Rs. 1,18,638Rs. 10,22,318
Year 2 Months 13-24Rs. 2,17,003Rs. 97,097Rs. 8,05,315
Year 3 Months 25-36Rs. 2,40,917Rs. 73,183Rs. 5,64,398
Year 4 Months 37-48Rs. 2,67,467Rs. 46,633Rs. 2,96,931
Year 5 Months 49-60Rs. 2,96,931Rs. 17,169Rs. 0
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Mahindra XUV 3XO EV Car Loan Interest Rates – Bank Comparison

Lending Partners Interest Rate EMI Starting From (60 Months)
Loans From HDFC BankHDFC Bank 8.85% onwards Rs. 25,191 (60 months)
Loans From ICICI BankICICI Bank 9% onwards Rs. 25,279 (60 months)
Loans From Axis BankAxis Bank 9.15% onwards Rs. 25,368 (60 months)
Loans From Bank of Baroda BankBank of Baroda 8.7% onwards Rs. 25,102 (60 months)
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Mahindra XUV 3XO EV EMI by Loan Tenure

For a Rs. 12,17,780 loan on the AX5 electric at 10.5%.

Tenure EMI Total Interest Total Payable
36 months Rs. 39,581 Rs. 2,07,136 Rs. 14,24,916
48 months Rs. 31,179 Rs. 2,78,812 Rs. 14,96,592
60 months Rs. 26,175 Rs. 3,52,720 Rs. 15,70,500
84 months Rs. 20,533 Rs. 5,06,992 Rs. 17,24,772
Mahindra XUV 3XO EV
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Mahindra XUV 3XO EV
Starts at ₹ 13.89 Lakh
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Mahindra XUV 3XO EV Variant-Wise EMI

On-road prices in Ongole. Every variant uses the same rule: the loan runs 60 months at 10.5%, and the down payment is the on-road price minus the loan.

XUV 3XO EV Variants Fuel/Transmission Ex-showroom On-road Price Loan @10.5% Down Payment EMI (60 months)
AX5 Electric(Battery) / Automatic Rs. 13,89,000 Rs. 15,02,048 Rs. 12,17,780 Rs. 2,84,268 Rs. 26,175
AX7L Electric(Battery) / Automatic Rs. 14,96,000 Rs. 16,13,946 Rs. 13,12,011 Rs. 3,01,935 Rs. 28,200

How Is the Mahindra XUV 3XO EV EMI Calculated?

EMI = [P × r × (1 + r)n] ÷ [(1 + r)n − 1], where P is the loan amount, r is the monthly interest rate {(annual rate ÷ 12) ÷ 100} and n is the tenure in months. For the AX5 electric variant: P = ₹12.18 Lakh, r = (10.5 ÷ 12) ÷ 100 = 0.00875 and n = 60 months, which gives an EMI of ₹26,175.

The calculation starts from the Ongole on-road price of ₹15.02 Lakh (ex-showroom ₹13.89 Lakh plus insurance, RTO and other charges).

Factors That Affect Your Mahindra XUV 3XO EV Loan EMI

  • Down payment: Every ₹1 lakh of extra down payment lowers the EMI by about ₹2,149 at 10.5% for 60 months.
  • Interest rate: A rate 1% higher adds about ₹607 to the EMI on a ₹12.18 Lakh loan. Starting rates from the banks on this page range from 8.7% to 9.15%.
  • Loan tenure: Over 36 months the EMI is ₹39,581; over 84 months it drops to ₹20,533 but you pay ₹3.00 Lakh more in interest.
  • Variant and city: In Ongole the EMI ranges from ₹26,175 (AX5 electric) to ₹28,200 (AX7L). The on-road price, and with it the loan, changes from city to city with RTO charges and insurance.

EMI of Mahindra XUV 3XO EV Rivals – Sierra, Creta

Starting EMI of each model's base variant, worked out the same way as the Mahindra XUV 3XO EV: the down payment is the on-road price minus the loan.

ModelOn-road PriceEMITenureInterest RateCompare
Tata Sierra Smart Plus Rs. 14,35,176 Rs. 21,632 60 months 10.5% Compare with XUV 3XO EV
Mahindra Scorpio N Z2 Rs. 16,98,947 Rs. 25,796 60 months 10.5% Compare with XUV 3XO EV
Mahindra Scorpio S Rs. 17,13,936 Rs. 25,308 60 months 10.5% Compare with XUV 3XO EV
Hyundai Creta E Rs. 13,67,297 Rs. 20,528 60 months 10.5% Compare with XUV 3XO EV

Frequently Asked Questions About Mahindra XUV 3XO EV EMI

What is the monthly EMI for the Mahindra XUV 3XO EV?

₹26,175 a month for the AX5 electric, on a ₹12.18 Lakh loan at 10.5% for 5 years. The top AX7L works out to ₹28,200.

How much down payment is required for the Mahindra XUV 3XO EV?

About ₹2.84 Lakh for the AX5 electric in Ongole. That's the on-road price of ₹15.02 Lakh minus the ₹12.18 Lakh loan.

How does the loan tenure affect the Mahindra XUV 3XO EV EMI?

Over 3 years the EMI is ₹39,581 and you pay ₹2.07 Lakh in interest. Stretch it to 7 years and the EMI drops to ₹20,533, but interest rises to ₹5.07 Lakh.

Is the Mahindra XUV 3XO EV EMI calculated on the ex-showroom price or the on-road price?

On the on-road price. In Ongole the AX5 electric costs ₹15.02 Lakh on-road, which includes ₹60,558 insurance and ₹52,490 RTO and other charges.

Does the Mahindra XUV 3XO EV EMI calculator include the processing fee?

Yes. The ₹5,450 processing fee is paid with the down payment and is not added to the loan.

Which bank has the lowest interest rate for a Mahindra XUV 3XO EV loan?

Bank of Baroda, from 8.7%. At that rate the EMI on the same ₹12.18 Lakh loan comes to ₹25,102 a month.

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Mahindra XUV 3XO EV
Starts at Rs. 13.89 Lakh
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