Looking for a tough, capacious, and cheap new car? If so, consider the 2023 Mahindra Bolero Neo, the Indian automaker’s latest. Sub-4-meter SUV Bolero Neo combines the finest of the old Bolero and the contemporary TUV300. A powerful engine, luxurious cabin, 7-seater option, and many safety and convenience features are available. We’ll cover the 2023 Mahindra Bolero Neo Base Model EMI, Downpayment, Monthly EMI, Interest Rate, Ex-showroom Price, and On Road Price in Delhi in this blog post.
Engine
The 2023 Mahindra Bolero Neo Base Model is the entry-level variant of the SUV. It is powered by a 1.5-litre diesel engine that produces 100 bhp and 260 Nm of torque. It is mated to a 5-speed manual transmission and comes with a rear-wheel drive system. The base model offers features such as dual airbags, ABS with EBD, rear parking sensors, power windows, central locking, tilt steering, manual AC, and a digital instrument cluster. The base model does not have a touchscreen infotainment system, alloy wheels, or a spare wheel cover.
2023 Mahindra Bolero Neo Base Model Ex-showroom Price and On-Road Price
The 2023 Mahindra Bolero Neo Base Model costs Rs. 9.63 lakh in Delhi ex-showroom. The on-road price includes RTO fees, insurance, and other taxes. The base model costs Rs. 10.96 lakh in Delhi on-road. The Bolero Neo base model requires a Rs. 1.88 lakh down payment and a Rs. 9.08 lakh financing. Monthly instalments (EMIs) can repay the loan.
2023 Mahindra Bolero Neo Base Model EMI Plan, Downpayment
The loan term and interest rate determine the EMI. Interest rates vary by bank, credit score, and income. Loan tenure is the number of months or years you opt to repay. A longer duration has lower EMIs but higher interest costs, while a shorter tenure has higher EMIs but lower interest expenses.
We have a table showing the EMI for the base Bolero Neo at different interest rates and tenures to give you an idea. The figure assumes a Rs. 1.88 lakh down payment and a Rs. 9.08 lakh loan.
| Interest Rate | Tenure (Years) | EMI (Rs.) |
|---|---|---|
| 8% | 5 | 18,378 |
| 9% | 5 | 18,950 |
| 10% | 5 | 19,533 |
| 11% | 5 | 20,127 |
| 12% | 5 | 20,733 |
As you can see from the table, the EMI amount increases as the interest rate increases. You can also use online EMI calculators to find out the exact EMI amount for your loan amount, interest rate and tenure.
Summary
This blog post should help you understand the 2023 Mahindra Bolero Neo Base Model EMI, Downpayment, Monthly EMI, Interest Rate, Ex-showroom Price, and Delhi road Price. Visit your nearest Mahindra dealership or book a test drive online to acquire this SUV. Three further Bolero Neo variants—N8, N10, and N10 Options—have various features and costs. Compare them on our website or app. Happy motoring!
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