Piaggio and SBI Signed an MoU to Offer Intrest Free Auto Loans in UP
Piaggio and SBI will finance three-wheelers in UP at 0% interest under CM Yuva Yojana. Here's the real math, who qualifies, and how to apply first.
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Mahindra Furio 16 EMI Calculator
Check monthly EMI, interest, lender comparison, scenarios and repayment details in one place.
Ex-Showroom Price
₹24.48L
Fuel Type
Diesel
Power
103 kW
Finance
Mahindra Furio 16 EMI Calculator
Select variant, adjust loan details, compare scenarios and review full repayment details.
Truck Price
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Price will update the EMI estimate
Mahindra Furio 16 (₹24,48,000)
Credit Score
Select CIBIL Range
Auto-adjusts interest rate
Estimated Monthly EMI
₹36,409
Calculated on ₹17,13,600 loan at 10% for 5 years.
Down Payment
₹7,34,400
Loan Principal
₹17,13,600
Total Interest
₹4,70,940
Total Cost
₹29,18,940
Cost Breakup
Down Payment
₹7,34,400
Amount paid upfront before finance starts.
Loan
₹17,13,600
Interest
₹4,70,940
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Loan inputs
Adjust Loan Details
Change down payment, tenure and rate to see the monthly EMI update instantly.
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₹1,00,000₹24,48,000
₹
₹0₹23,48,000
%
7%25%
Yr
1 Year7 Years
Down Payment Insight
Increase down payment by ₹50,000 → EMI drops by ₹1,062 and you save ₹63,720 in total interest.
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Recommended: 5 Years
Balances affordable EMI (₹36,409) with lowest total interest.
Lender Comparison— ₹17,13,600 · 5 yr · 10% base
| Bank / NBFC | Rate | Proc. Fee | EMI |
|---|---|---|---|
BESTMahindra Finance | 8.5% | ₹2,999 | ₹35,158 |
SBI | 8.75% | ₹0 | ₹35,364 |
ICICI Bank | 9.1% | ₹3,999 | ₹35,655 |
HDFC Bank | 9.25% | ₹3,500 | ₹35,780 |
Axis Bank | 9.5% | ₹3,500 | ₹35,989 |
* Rates are indicative. Actual rate depends on your CIBIL score and lender policy.
- Processing fee and other loan charges are not included in this calculation.
- The calculated EMI assumes 10% interest rate. Actual rate may vary based on your credit profile and lender.
- Loan approval is at the sole discretion of the finance partner.
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Mahindra Furio 16 Price FAQs
What is the approximate ex-showroom price of the Mahindra Furio 16 in India?
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The ex-showroom truck price in India for the Mahindra Furio 16 typically ranges, varying by city and specific variant. It's positioned competitively to offer excellent value for money for a commercial vehicle of its caliber. For the most accurate and current figures, it's best to check with an authorized Mahindra dealer.
How does the on-road price of the Mahindra Furio 16 differ from the ex-showroom price?
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The on-road price of the Mahindra Furio 16 includes the ex-showroom truck price in India, plus additional costs like RTO registration, insurance, and road tax. These additional charges vary by state, so the final cost will differ from the base ex-showroom price.
Are there different variants of the Mahindra Furio 16, and do they have different prices?
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Yes, the Mahindra Furio 16 is available in various variants, often differing by load body length or certain features. Each variant can have a slightly different truck price in India, offering choices to suit diverse business needs and budgets. It's advisable to compare variants based on your specific requirements.
What factors influence the final price of the Mahindra Furio 16 truck?
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Several factors influence the final price of the Mahindra Furio 16, including the chosen variant, any optional accessories, RTO charges, insurance costs, and prevailing state taxes. Dealer discounts or ongoing promotions can also impact your final cost for this commercial vehicle.
Is financing available for purchasing the Mahindra Furio 16 in India?
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Absolutely. Extensive financing options are readily available from banks and financial institutions across India for purchasing the Mahindra Furio 16. Mahindra also often partners with lenders to provide attractive schemes, making it easier to own this reliable truck without a large upfront cost.
Is the Mahindra Furio 16 considered good value for its price in the Indian market?
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Yes, the Mahindra Furio 16 is widely regarded as offering excellent value for money in the Indian truck market. Its combination of powerful performance, fuel efficiency, driver comfort, and robust build quality at a competitive price makes it a highly attractive investment for any commercial transport business.
How does the price of the Furio 16 compare to its competitors in the same segment?
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The Mahindra Furio 16 is strategically priced to be highly competitive within its segment of commercial trucks in India. It offers a compelling package of features and performance that often provides a better value for money proposition when compared to its rivals, ensuring you get a best truck for your investment.
What's the typical down payment required for the Mahindra Furio 16?
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The typical down payment for the Mahindra Furio 16 depends on the chosen financing scheme and your credit profile. While it varies, many financial institutions offer flexible options to make owning this commercial vehicle accessible. It's best to discuss specifics with your dealer or lender.