EMI Calculator
MG Binguo EV EMI in Chennai
Monthly installment, down payment, and city-specific stamp duty for MG Binguo EV in Chennai.
Your Loan Parameters
Adjust down payment and tenure to see EMIs update live
10%60%
1 yr7 yrs
Ex-showroom
₹11.00 L
On-road (Chennai)
₹12.15 L
Down payment
₹2,43,100
Loan amount
₹9,72,400
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹19,950/mo | ₹2,24,617 | ₹7,293 |
| ICICI Bank | 8.75% p.a. | ₹20,068/mo | ₹2,31,659 | ₹4,862 |
| SBIBest | 8.25% p.a. | ₹19,833/mo | ₹2,17,599 | ₹3,403 |
| Axis Bank | 8.9% p.a. | ₹20,138/mo | ₹2,35,896 | ₹9,724 |
| Kotak Bank | 8.6% p.a. | ₹19,997/mo | ₹2,27,430 | ₹7,293 |
Chennai On-Road Breakup
- Ex-showroom₹11.00 L
- Registration + RTO₹55,000
- Insurance (1 yr)₹44,000
- Stamp duty (0.5%)₹5,500
- On-road Chennai₹12.15 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹19,833
- Total paid to bank₹11,89,999
- Interest paid₹2,17,599
- Total cost (incl. DP)₹14,33,099
FAQs — MG Binguo EV EMI in Chennai
What is the EMI for MG Binguo EV in Chennai?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹19,833/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 Binguo EV?
Most banks require 10-20% down. With 20% down in Chennai, you'd pay ₹2,43,100 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.
Get pre-approved loan offers
Share your details and we'll connect you with top lenders in Chennai.