Mahindra has introduced the updated 3-door Thar, officially named the Mahindra Thar OG – that comes with a revised front fascia, new body-on-frame chassis, electric power steering and updated interiors. With introductory ex-showroom prices ranging from Rs 10.32 lakh to Rs 18.99 lakh, the Thar OG remains one of the most capable lifestyle 4×4 vehicles in the Indian markets.
If you are planning to finance the Thar OG, securing a competitive car loan rate around 8% per annum keeps your monthly expenses predictable and structured. Below is a detailed breakdown of the monthly installment, total interest, and total loan cost across 3 year, 5 year and 7 year tenures.
Below is the table that provides repayment scenarios for three common loan amounts: Rs 10 lakh (entry-level variants), Rs 12 lakh (mid-level LXT trim) and Rs 15 lakh (for top-spec ZXT and 4WD variants).
Mahindra Thar OG Loan Repayment Schedule Summary
| Loan Principal (P) | Loan Tenure (n) | Monthly EMI | Total Interest Payable | Total Repayment Amount |
| ₹10,00,000 (10 Lakh) | 3 Years (36 mos) | ₹31,336 | ₹1,28,096 | ₹11,28,096 |
| 5 Years (60 mos) | ₹20,276 | ₹2,16,560 | ₹12,16,560 | |
| 7 Years (84 mos) | ₹15,586 | ₹3,09,224 | ₹13,09,224 | |
| ₹12,00,000 (12 Lakh) | 3 Years (36 mos) | ₹37,604 | ₹1,53,744 | ₹13,53,744 |
| 5 Years (60 mos) | ₹24,332 | ₹2,59,920 | ₹14,59,920 | |
| 7 Years (84 mos) | ₹18,703 | ₹3,71,052 | ₹15,71,052 | |
| ₹15,00,000 (15 Lakh) | 3 Years (36 mos) | ₹47,005 | ₹1,92,180 | ₹16,92,180 |
| 5 Years (60 mos) | ₹30,415 | ₹3,24,900 | ₹18,24,900 | |
| 7 Years (84 mos) | ₹23,379 | ₹4,63,836 | ₹19,63,836 |
Thar OG Loan Tenure Comparison: Which Option Works Best?
1. 3 Year Tenure (36 Months)
Monthly EMI – ranging from Rs 31,300 to 47,000
Financial Benefit – minimal interest charges. On a Rs 10 lakh loan, customer will only pay around Rs 1.28 lakh in total interest over the loan duration.
Ideal For: Buyers with strong monthly cash flow
2. 5 Year Tenure (60 Months)
Monthly EMI – ranging from Rs 20,200 to 30,400
Financial Benefit – Customers will pay around Rs 2.16 lakh total interest on a 10 lakh loan. This is a manageable commitment without paying heavy interest.
Ideal for: the majority of buyers seeking for reasonable installments without paying high interests.
3. 7 year Tenure (84 Months)
Monthly EMI – starts from 15,600 for a 10 lakh loan
Financial Benefit: Customer’s monthly commitment is low, but the total interest on 10 lakh loan increases to 3.09 lakh
Ideal for : Buyers with low cash flow
Practical Financing Advice
20% Down Payment: by paying 20% upfront as a down payment will keep your principal balance down.
Factor in Local On-Road Costs: ex-showroom prices do not cover RTO registration fees, comprehensive insurance, FASTag, or road safety cess. On-road prices usually around 12% to 18% higher depending on the state.
Verify Prepayment Tenure: Opt for bank car loans offering zero or nominal foreclosure charges after 6-12 months. This will allow you to close your loan account easily if extra funds are available.