EMI Calculator
MG 4 EV EMI in Ahmedabad
Monthly installment, down payment, and city-specific stamp duty for MG 4 EV in Ahmedabad.
Your Loan Parameters
Adjust down payment and tenure to see EMIs update live
10%60%
1 yr7 yrs
Ex-showroom
₹30.00 L
On-road (Ahmedabad)
₹33.05 L
Down payment
₹6,60,900
Loan amount
₹26,43,600
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹54,238/mo | ₹6,10,650 | ₹19,827 |
| ICICI Bank | 8.75% p.a. | ₹54,557/mo | ₹6,29,795 | ₹13,218 |
| SBIBest | 8.25% p.a. | ₹53,920/mo | ₹5,91,572 | ₹9,253 |
| Axis Bank | 8.9% p.a. | ₹54,749/mo | ₹6,41,314 | ₹26,436 |
| Kotak Bank | 8.6% p.a. | ₹54,365/mo | ₹6,18,300 | ₹19,827 |
Ahmedabad On-Road Breakup
- Ex-showroom₹30.00 L
- Registration + RTO₹1,50,000
- Insurance (1 yr)₹1,20,000
- Stamp duty (0.15%)₹4,500
- On-road Ahmedabad₹33.05 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹53,920
- Total paid to bank₹32,35,172
- Interest paid₹5,91,572
- Total cost (incl. DP)₹38,96,072
FAQs — MG 4 EV EMI in Ahmedabad
What is the EMI for MG 4 EV in Ahmedabad?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹53,920/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 MG 4 EV?
Most banks require 10-20% down. With 20% down in Ahmedabad, you'd pay ₹6,60,900 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.
Get pre-approved loan offers
Share your details and we'll connect you with top lenders in Ahmedabad.