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Mahindra Bolero Neo Plus EMI calculator

Calculate the Mahindra Bolero Neo Plus EMI on the on-road price, not the sticker: on-road is the full amount you actually pay, and the amount a loan has to cover.

EMIs start from about ₹19,140 a month, for the P4 at ₹11.39 lakh ex-showroom, at 9.5% a year over 5 years with 20% down. Every variant's figure is below, and each one moves with your own rate, tenure and down payment.

Which price are you putting in?
On-road price₹11.39L

Good choice. The on-road price is the full amount you pay, so this EMI is the complete picture.

Down payment₹2,27,800 (20%)
Tenure5 years
Interest rate assumption9.5%

Rates differ by lender and credit record. Drag this to the rate your bank actually quotes you.

Monthly EMIabout ₹19,140
Amount financed
₹9,11,200
Interest over 5 years
₹2,37,200
Total paid, down payment included
₹13,76,200
Year-by-year scheduleHow each year's payments split between interest and the loan
YearLoan repaidInterestStill owed
2026₹36,054₹21,357₹8,75,146
Oct 2026₹11,923₹7,214₹8,99,277
Nov 2026₹12,018₹7,119₹8,87,259
Dec 2026₹12,113₹7,024₹8,75,146
2027₹1,53,055₹76,588₹7,22,092
Jan 2027₹12,209₹6,928₹8,62,938
Feb 2027₹12,305₹6,832₹8,50,632
Mar 2027₹12,403₹6,734₹8,38,230
Apr 2027₹12,501₹6,636₹8,25,729
May 2027₹12,600₹6,537₹8,13,129
Jun 2027₹12,700₹6,437₹8,00,429
Jul 2027₹12,800₹6,337₹7,87,629
Aug 2027₹12,901₹6,235₹7,74,728
Sept 2027₹13,004₹6,133₹7,61,724
Oct 2027₹13,107₹6,030₹7,48,617
Nov 2027₹13,210₹5,927₹7,35,407
Dec 2027₹13,315₹5,822₹7,22,092
2028₹1,68,244₹61,398₹5,53,848
Jan 2028₹13,420₹5,717₹7,08,672
Feb 2028₹13,527₹5,610₹6,95,145
Mar 2028₹13,634₹5,503₹6,81,512
Apr 2028₹13,742₹5,395₹6,67,770
May 2028₹13,850₹5,287₹6,53,920
Jun 2028₹13,960₹5,177₹6,39,960
Jul 2028₹14,071₹5,066₹6,25,889
Aug 2028₹14,182₹4,955₹6,11,707
Sept 2028₹14,294₹4,843₹5,97,413
Oct 2028₹14,407₹4,730₹5,83,005
Nov 2028₹14,521₹4,615₹5,68,484
Dec 2028₹14,636₹4,500₹5,53,848
2029₹1,84,942₹44,700₹3,68,905
Jan 2029₹14,752₹4,385₹5,39,095
Feb 2029₹14,869₹4,268₹5,24,226
Mar 2029₹14,987₹4,150₹5,09,240
Apr 2029₹15,105₹4,031₹4,94,134
May 2029₹15,225₹3,912₹4,78,909
Jun 2029₹15,346₹3,791₹4,63,564
Jul 2029₹15,467₹3,670₹4,48,097
Aug 2029₹15,589₹3,547₹4,32,507
Sept 2029₹15,713₹3,424₹4,16,794
Oct 2029₹15,837₹3,300₹4,00,957
Nov 2029₹15,963₹3,174₹3,84,994
Dec 2029₹16,089₹3,048₹3,68,905
2030₹2,03,298₹26,346₹1,65,608
Jan 2030₹16,216₹2,921₹3,52,689
Feb 2030₹16,345₹2,792₹3,36,344
Mar 2030₹16,474₹2,663₹3,19,870
Apr 2030₹16,605₹2,532₹3,03,265
May 2030₹16,736₹2,401₹2,86,529
Jun 2030₹16,869₹2,268₹2,69,661
Jul 2030₹17,002₹2,135₹2,52,659
Aug 2030₹17,137₹2,000₹2,35,522
Sept 2030₹17,272₹1,865₹2,18,250
Oct 2030₹17,409₹1,728₹2,00,841
Nov 2030₹17,547₹1,590₹1,83,294
Dec 2030₹17,686₹1,451₹1,65,608
2031₹1,65,608₹6,623₹0
Jan 2031₹17,826₹1,311₹1,47,782
Feb 2031₹17,967₹1,170₹1,29,815
Mar 2031₹18,109₹1,028₹1,11,706
Apr 2031₹18,253₹884₹93,453
May 2031₹18,397₹740₹75,056
Jun 2031₹18,543₹594₹56,514
Jul 2031₹18,689₹447₹37,824
Aug 2031₹18,837₹299₹18,987
Sept 2031₹18,987₹150₹0

Arithmetic on your inputs, not a loan offer: lenders set their own rates, fees and margins, and the quote that matters is theirs.

The price slider spans the Mahindra Bolero Neo Plus's own range. Open a variant below and this calculator arrives with that variant's exact price already in place, on-road for your city.

EMI for every Mahindra Bolero Neo Plus variant

Ex-showroom price and the monthly figure at 9.5% a year over 5 years with 20% down. Starting points, not quotes: the calculator recomputes them the moment you set your own numbers.

VariantEx-showroomEMI a month
P4 Diesel MT₹11.39 lakhabout ₹19,140
P10 Diesel MT₹12.49 lakhabout ₹20,990

Financing the on-road total instead? The Mahindra Bolero Neo Plus on-road price page shows what it costs on the road, state by state.

Mahindra Bolero Neo Plus EMI, answered

The monthly figure, the down payment, and which price to finance.

What is the monthly EMI for a Mahindra Bolero Neo Plus?
From about ₹19,140 a month, up to about ₹20,990 on the top variant, at 9.5% a year over 5 years with 20% down on the ex-showroom price. These are starting points, not quotes: your bank's rate and your own down payment move the figure, and the calculator on this page recomputes it as you set them.
How much down payment does a Mahindra Bolero Neo Plus need?
At the 20% the calculator opens on, the upfront amount runs from ₹2,27,800 on the P4 to ₹2,49,800 on the P10. That share is yours to choose: the calculator accepts anything from 0% to 90%, and a bigger down payment trades cash today for a smaller EMI every month.
Should the Mahindra Bolero Neo Plus EMI be on the ex-showroom or the on-road price?
On-road. Ex-showroom leaves out road tax, insurance and charges, which is real money a loan usually has to cover. The table on this page starts from ex-showroom so every variant is comparable; open any variant and set your city, and the same calculator finances the full on-road amount instead.

Looking at a different car? The car loan EMI calculator works with any price, and the Mahindra Bolero Neo Plus page holds every variant, each carrying it pre-filled.