EMI Calculator
MG 5 EV EMI in Mumbai
Monthly installment, down payment, and city-specific stamp duty for MG 5 EV in Mumbai.
Your Loan Parameters
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10%60%
1 yr7 yrs
Ex-showroom
₹27.00 L
On-road (Mumbai)
₹29.77 L
Down payment
₹5,95,350
Loan amount
₹23,81,400
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹48,858/mo | ₹5,50,084 | ₹17,861 |
| ICICI Bank | 8.75% p.a. | ₹49,146/mo | ₹5,67,330 | ₹11,907 |
| SBIBest | 8.25% p.a. | ₹48,572/mo | ₹5,32,898 | ₹8,335 |
| Axis Bank | 8.9% p.a. | ₹49,318/mo | ₹5,77,707 | ₹23,814 |
| Kotak Bank | 8.6% p.a. | ₹48,973/mo | ₹5,56,975 | ₹17,861 |
Mumbai On-Road Breakup
- Ex-showroom₹27.00 L
- Registration + RTO₹1,35,000
- Insurance (1 yr)₹1,08,000
- Stamp duty (0.25%)₹6,750
- On-road Mumbai₹29.77 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹48,572
- Total paid to bank₹29,14,298
- Interest paid₹5,32,898
- Total cost (incl. DP)₹35,09,648
FAQs — MG 5 EV EMI in Mumbai
What is the EMI for MG 5 EV in Mumbai?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹48,572/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 5 EV?
Most banks require 10-20% down. With 20% down in Mumbai, you'd pay ₹5,95,350 upfront.
Is the on-road price in Mumbai different from ex-showroom?
Yes. Mumbai on-road price includes RTO (~5%), insurance (~4%), and stamp duty (0.25%) — adding about 10% to ex-showroom.
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