Drive New Mahindra Scorpio Available at ₹16K EMI

It was 2015 when Mahindra launched its new generation Scorpio, a top-selling SUV in the country. The company further updated Scorpio by tweaking cosmetic, introducing a new seating configuration, besides other modifications. No wonder the car is grabbing all the headlines with impressive sales doing the rounds all the year along from its launch. You can also have it in your parking lot at an EMI of ₹16,000-31,000. Since it has many variants up sleeve, it’s worth reading out the prices of all along with engine specifications and other fine details.

Mahindra Scorpio Price in India, EMI, Downpayment Options

Car VariantsFuel OptionsEngine Displacement (In CC)Mileage (In KMPL)Ex-showroom Price (In Lakhs)On-road Price (In Lakhs)Expected Loan Amount (In Lakhs)Expected EMI (In ₹)
S3 2WDDiesel25231510.1411.7510 - 10.5816,089 - 19,247
S5 2WDDiesel21791511.8913.7310.11 - 12.3616,266 - 22,485
S7 120 2WDDiesel21791512.9814.9711.03 - 13.4717,746 - 24,505
S7 140 2WDDiesel21791513.2815.3211.29 - 13.7918,165 - 25,087
S11 2WDDiesel21791415.1217.4112.85 - 15.6720,674 - 28,507
S11 4WDDiesel21791516.3518.7913.90 - 16.9122,364 - 30,763

Note – The loan amount above is calculated taking into account 85%-90% of the on-road price, which combines ex-showroom price, insurance and other costs. The EMI, on the other side, is calculated on the basis of 9%-13% interest rate and a tenure of 7 years. If the loan is granted for a lesser period, the EMI would differ accordingly. The ex-showroom and on-road price stated pertain to the Scorpio models sold in New Delhi. Depending on the city, the price can vary.

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How Much Processing Fee is Applicable on Scorpio Models?

Banks and non-banking financial companies (NBFCs) can deduct a processing fee at 1%-2% of the car loan amount plus applicable 18% GST. However, with the festive season coming up, you can expect a part or full waiver of the processing fee to bring down your overall car ownership cost.

Take a Look at Mahindra Scorpio Features

The updated Mahindra Scorpio is packed with glossy and safety features which you can see below.

  • Revised face and grille
  • New lightning signature on headlamps and tall lights
  • Leather wrapped steering wheel and gear lever
  • Reverse parking camera with dynamic assist
  • One-touch lane change indicator
  • Auto window roll-up
  • 6-inch touchscreen infotainment
  • Driver information system
  • Steering mounted audio and cruise controls
  • Rain and light sensors
  • Micro hybrid technology
  • Voice assist system
  • Front dual airbags
  • Panic brake indication
  • Engine immobilizer
  • Seat belt reminder lamp
  • Anti-theft warning
  • And much more

Personal Loan Interest Rates September 2018
Bajaj Finserv10.99% - 16.00%
Fullerton India14.00% - 33.00%
HDFC Bank11.25% - 21.25%
ICICI Bank10.99% - 18.40%
IndusInd Bank11.25% - 16.00%
Kotak Bank10.99% - 20.99%
RBL13.00% - 18.00%
Standard Chartered Bank10.99% - 14.49%
Tata Capital10.99% - 18.00%
Home Loan Interest Rates September 2018
State Bank of India/SBI8.65% - 9.20%
HDFC8.70% - 9.40%
Bank of Baroda8.55% - 9.55%
LIC Housing8.60% - 8.95%
PNB Housing Finance8.99% - 10.75%
ICICI Bank8.85% - 9.10%
Axis Bank8.50% - 8.75%
Citibank8.85% - 9.65%
Indiabulls Housing Finance Limited8.70% - 9.85%
Kotak Bank8.65% - 8.75%
DHFL9.05% - 9.95%
Reliance Home Finance8.75% - 10.00%
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