So you’ve got your eyes set on the Mahindra BE 6’s entry-level Pack One variant? Smart choice, honestly. Here’s the real deal on what your monthly EMI will look like if you’re putting down Rs 5 lakh upfront.
Look, the Mahindra BE 6 Pack One at Rs 18.90 lakh ex-showroom has been creating quite a buzz – and for good reason. It’s not every day you see an electric SUV that doesn’t completely empty your wallet while still packing a punch. Naturally, folks are curious about the financing bit, especially those smart enough to consider a hefty down payment to keep those monthly installments manageable.
EMI Breakdown for BE 6 Pack One
Alright, let’s cut to the chase. With the BE 6 Pack One’s sticker price of Rs 18.90 lakh and your Rs 5 lakh down payment, here’s how the math works out:
Loan Amount: Rs 13.90 lakh (what’s left after your Rs 5 lakh contribution)
Estimated EMI: Somewhere between Rs 28,000-30,000 per month (assuming a 5-year loan at 8-9% interest)
Now, don’t take these numbers as gospel – your actual EMI will dance around depending on which bank you choose, how good your credit score looks, and what interest rates are doing that particular week. Most banks are playing nice with EV loans these days, offering rates between 8-10%, with some even rolling out special electric vehicle schemes.
Why the Base Pack One Makes Sense
Here’s where Mahindra deserves a pat on the back – their “base” variant isn’t actually basic at all. It’s like ordering a simple coffee and getting a cappuccino instead. You’re looking at dual 12.3-inch screens (because apparently one screen just isn’t enough anymore), wireless Android Auto and Apple CarPlay, 6 airbags as standard, automatic climate control, and cruise control. All this in what they call the entry-level trim!
The 59 kWh battery pack claims a 557 km range, which should comfortably handle your daily office runs and those spontaneous weekend trips to Lonavala or wherever your heart desires. And here’s the kicker – with 140 kW DC fast charging, you can go from 20% to 100% in just 20 minutes. That’s barely enough time to grab a decent cup of chai.
Read Also: Updated Tesla Model Y Continues Road Testing Before India Launch
Additional Costs to Consider
Now, before you start celebrating, remember that the on-road price tells a different story. In Delhi, you’re looking at around Rs 19.91 lakh once you factor in all the usual suspects:
Insurance: Rs 78,479 (first year – yeah, it stings a bit)
Registration and other charges: Rs 18,900
Total on-road price: Rs 19.91 lakh (Delhi)
So if you’re financing the entire on-road price, your loan amount creeps up slightly. Nothing dramatic, but worth keeping in mind.
Financing Tips
Here’s some free advice from someone who’s seen plenty of car deals go south – shop around like your life depends on it. Banks are falling over themselves to offer attractive EV loan schemes these days. Lower interest rates, higher loan-to-value ratios, some even throwing in 100% financing for electric vehicles. It’s like a buffet out there, so don’t settle for the first offer.
That Rs 5 lakh down payment you’re considering? It’s actually a pretty smart move. Significantly brings down your monthly EMI compared to those “zero down payment” schemes that sound too good to be true (because they usually are). Makes the BE 6 Pack One a genuinely accessible way to jump into Mahindra’s electric adventure.