EMI Calculator
Mahindra Thar EV EMI in Ahmedabad
Monthly installment, down payment, and city-specific stamp duty for Mahindra Thar EV in Ahmedabad.
Your Loan Parameters
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10%60%
1 yr7 yrs
Ex-showroom
₹20.00 L
On-road (Ahmedabad)
₹22.03 L
Down payment
₹4,40,600
Loan amount
₹17,62,400
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹36,158/mo | ₹4,07,100 | ₹13,218 |
| ICICI Bank | 8.75% p.a. | ₹36,371/mo | ₹4,19,864 | ₹8,812 |
| SBIBest | 8.25% p.a. | ₹35,946/mo | ₹3,94,381 | ₹6,168 |
| Axis Bank | 8.9% p.a. | ₹36,499/mo | ₹4,27,543 | ₹17,624 |
| Kotak Bank | 8.6% p.a. | ₹36,243/mo | ₹4,12,200 | ₹13,218 |
Ahmedabad On-Road Breakup
- Ex-showroom₹20.00 L
- Registration + RTO₹1,00,000
- Insurance (1 yr)₹80,000
- Stamp duty (0.15%)₹3,000
- On-road Ahmedabad₹22.03 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹35,946
- Total paid to bank₹21,56,781
- Interest paid₹3,94,381
- Total cost (incl. DP)₹25,97,381
FAQs — Mahindra Thar EV EMI in Ahmedabad
What is the EMI for Mahindra Thar EV in Ahmedabad?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹35,946/month.
Which bank offers the lowest car loan rate?
SBI has the lowest rate at 8.25% p.a. for EV loans. Rates vary based on credit score — confirm with each bank.
What is the down payment for Mahindra Thar EV?
Most banks require 10-20% down. With 20% down in Ahmedabad, you'd pay ₹4,40,600 upfront.
Is the on-road price in Ahmedabad different from ex-showroom?
Yes. Ahmedabad on-road price includes RTO (~5%), insurance (~4%), and stamp duty (0.15%) — adding about 10% to ex-showroom.
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