EMI Calculator
MG 4 EV EMI in Chennai
Monthly installment, down payment, and city-specific stamp duty for MG 4 EV in Chennai.
Your Loan Parameters
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10%60%
1 yr7 yrs
Ex-showroom
₹30.00 L
On-road (Chennai)
₹33.15 L
Down payment
₹6,63,000
Loan amount
₹26,52,000
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹54,410/mo | ₹6,12,590 | ₹19,890 |
| ICICI Bank | 8.75% p.a. | ₹54,730/mo | ₹6,31,796 | ₹13,260 |
| SBIBest | 8.25% p.a. | ₹54,091/mo | ₹5,93,452 | ₹9,282 |
| Axis Bank | 8.9% p.a. | ₹54,923/mo | ₹6,43,352 | ₹26,520 |
| Kotak Bank | 8.6% p.a. | ₹54,538/mo | ₹6,20,265 | ₹19,890 |
Chennai On-Road Breakup
- Ex-showroom₹30.00 L
- Registration + RTO₹1,50,000
- Insurance (1 yr)₹1,20,000
- Stamp duty (0.5%)₹15,000
- On-road Chennai₹33.15 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹54,091
- Total paid to bank₹32,45,452
- Interest paid₹5,93,452
- Total cost (incl. DP)₹39,08,452
FAQs — MG 4 EV EMI in Chennai
What is the EMI for MG 4 EV in Chennai?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹54,091/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 Chennai, you'd pay ₹6,63,000 upfront.
Is the on-road price in Chennai different from ex-showroom?
Yes. Chennai on-road price includes RTO (~5%), insurance (~4%), and stamp duty (0.5%) — adding about 10% to ex-showroom.
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