VariantWise

Mahindra Thar OG EMI calculator

Calculate the Mahindra Thar OG EMI on the on-road price, not the ex-showroom price: on-road is the full amount you actually pay, and the amount a loan has to cover.

EMIs start from about ₹17,340 a month, for the AXT Diesel MT at ₹10.32 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₹10.32L

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

Down payment₹2,06,400 (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 ₹17,340
Amount financed
₹8,25,600
Interest over 5 years
₹2,14,800
Total paid, down payment included
₹12,46,800
Year-by-year scheduleHow each year's payments split between interest and the loan
YearLoan repaidInterestStill owed
2026₹32,667₹19,350₹7,92,933
Oct 2026₹10,803₹6,536₹8,14,797
Nov 2026₹10,889₹6,450₹8,03,908
Dec 2026₹10,975₹6,364₹7,92,933
2027₹1,38,677₹69,395₹6,54,257
Jan 2027₹11,062₹6,277₹7,81,872
Feb 2027₹11,149₹6,190₹7,70,722
Mar 2027₹11,238₹6,102₹7,59,485
Apr 2027₹11,327₹6,013₹7,48,158
May 2027₹11,416₹5,923₹7,36,742
Jun 2027₹11,507₹5,833₹7,25,235
Jul 2027₹11,598₹5,741₹7,13,638
Aug 2027₹11,690₹5,650₹7,01,948
Sept 2027₹11,782₹5,557₹6,90,166
Oct 2027₹11,875₹5,464₹6,78,291
Nov 2027₹11,969₹5,370₹6,66,321
Dec 2027₹12,064₹5,275₹6,54,257
2028₹1,52,440₹55,630₹5,01,818
Jan 2028₹12,160₹5,180₹6,42,098
Feb 2028₹12,256₹5,083₹6,29,842
Mar 2028₹12,353₹4,986₹6,17,489
Apr 2028₹12,451₹4,888₹6,05,038
May 2028₹12,549₹4,790₹5,92,489
Jun 2028₹12,649₹4,691₹5,79,840
Jul 2028₹12,749₹4,590₹5,67,092
Aug 2028₹12,850₹4,489₹5,54,242
Sept 2028₹12,951₹4,388₹5,41,291
Oct 2028₹13,054₹4,285₹5,28,237
Nov 2028₹13,157₹4,182₹5,15,079
Dec 2028₹13,261₹4,078₹5,01,818
2029₹1,67,568₹40,501₹3,34,250
Jan 2029₹13,366₹3,973₹4,88,452
Feb 2029₹13,472₹3,867₹4,74,979
Mar 2029₹13,579₹3,760₹4,61,401
Apr 2029₹13,686₹3,653₹4,47,714
May 2029₹13,795₹3,544₹4,33,919
Jun 2029₹13,904₹3,435₹4,20,015
Jul 2029₹14,014₹3,325₹4,06,001
Aug 2029₹14,125₹3,214₹3,91,877
Sept 2029₹14,237₹3,102₹3,77,640
Oct 2029₹14,349₹2,990₹3,63,290
Nov 2029₹14,463₹2,876₹3,48,827
Dec 2029₹14,578₹2,762₹3,34,250
2030₹1,84,201₹23,869₹1,50,050
Jan 2030₹14,693₹2,646₹3,19,557
Feb 2030₹14,809₹2,530₹3,04,747
Mar 2030₹14,927₹2,413₹2,89,821
Apr 2030₹15,045₹2,294₹2,74,776
May 2030₹15,164₹2,175₹2,59,612
Jun 2030₹15,284₹2,055₹2,44,328
Jul 2030₹15,405₹1,934₹2,28,923
Aug 2030₹15,527₹1,812₹2,13,397
Sept 2030₹15,650₹1,689₹1,97,747
Oct 2030₹15,774₹1,565₹1,81,973
Nov 2030₹15,899₹1,441₹1,66,075
Dec 2030₹16,024₹1,315₹1,50,050
2031₹1,50,051₹6,000₹0
Jan 2031₹16,151₹1,188₹1,33,899
Feb 2031₹16,279₹1,060₹1,17,620
Mar 2031₹16,408₹931₹1,01,212
Apr 2031₹16,538₹801₹84,674
May 2031₹16,669₹670₹68,005
Jun 2031₹16,801₹538₹51,205
Jul 2031₹16,934₹405₹34,271
Aug 2031₹17,068₹271₹17,203
Sept 2031₹17,203₹136₹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 Thar OG'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 Thar OG 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.

A loan covers the on-road price, which runs higher than this. Switch to On-road at the top and pick your city to see that figure instead.

VariantEx-showroomEMI a month
AXT Diesel MT₹10.32 lakhabout ₹17,340
LXT Diesel RWD MT₹12.99 lakhabout ₹21,830
ZXT Diesel RWD MT₹13.99 lakhabout ₹23,510
LXT Turbo Petrol RWD AT₹14.77 lakhabout ₹24,820
LXT Turbo Petrol MT₹15.60 lakhabout ₹26,210
ZXT Turbo Petrol RWD AT₹16.09 lakhabout ₹27,030
LXT Diesel AWD MT₹16.43 lakhabout ₹27,600
LXT Diesel RWD AT₹16.49 lakhabout ₹27,710
ZXT Turbo Petrol MT₹16.60 lakhabout ₹27,890
LXT Turbo Petrol AWD AT₹17.23 lakhabout ₹28,950
ZXT Diesel RWD AT₹17.49 lakhabout ₹29,390
ZXT Diesel AWD MT₹17.49 lakhabout ₹29,390
ZXT Turbo Petrol AWD AT₹17.75 lakhabout ₹29,820
LXT Diesel AWD AT₹18.00 lakhabout ₹30,240
ZXT Diesel AWD AT₹18.99 lakhabout ₹31,910

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

What your monthly budget buys

Shopping on the instalment rather than the price? At 9.5% a year over 5 years with 20% down on the ex-showroom price, here is the variant each monthly budget reaches.

The top ZXT Diesel AWD AT needs about ₹31,910 a month.

Mahindra Thar OG EMI, answered

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

What is the monthly EMI for the Mahindra Thar OG?
From about ₹17,340 a month, up to about ₹31,910 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.
Which Mahindra Thar OG variant fits my monthly budget?
At 9.5% a year over 5 years with 20% down on the ex-showroom price, the AXT Diesel MT is the way in at about ₹17,340 a month. From there about ₹22,000 a month reaches the LXT Diesel RWD MT, about ₹24,000 a month reaches the ZXT Diesel RWD MT, about ₹26,000 a month reaches the LXT Turbo Petrol RWD AT, and the top ZXT Diesel AWD AT needs about ₹31,910. Treat those as starting points rather than quotes: your own rate, tenure and down payment move every one of them, and stretching the tenure brings a dearer variant inside the same instalment at the cost of more interest overall.
How much down payment does the Mahindra Thar OG need?
At the 20% the calculator opens on, the upfront amount runs from ₹2,06,400 on the AXT Diesel MT to ₹3,79,800 on the ZXT Diesel AWD AT. 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 Thar OG 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 Thar OG page holds every variant, each carrying it pre-filled.