EMI Calculator
MG IM5 EMI in Bangalore
Monthly installment, down payment, and city-specific stamp duty for MG IM5 in Bangalore.
Your Loan Parameters
Adjust down payment and tenure to see EMIs update live
10%60%
1 yr7 yrs
Ex-showroom
₹55.00 L
On-road (Bangalore)
₹60.55 L
Down payment
₹12,11,100
Loan amount
₹48,44,400
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹99,390/mo | ₹11,19,017 | ₹36,333 |
| ICICI Bank | 8.75% p.a. | ₹99,975/mo | ₹11,54,101 | ₹24,222 |
| SBIBest | 8.25% p.a. | ₹98,808/mo | ₹10,84,056 | ₹16,955 |
| Axis Bank | 8.9% p.a. | ₹1,00,327/mo | ₹11,75,210 | ₹48,444 |
| Kotak Bank | 8.6% p.a. | ₹99,624/mo | ₹11,33,036 | ₹36,333 |
Bangalore On-Road Breakup
- Ex-showroom₹55.00 L
- Registration + RTO₹2,75,000
- Insurance (1 yr)₹2,20,000
- Stamp duty (0.1%)₹5,500
- On-road Bangalore₹60.55 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹98,808
- Total paid to bank₹59,28,456
- Interest paid₹10,84,056
- Total cost (incl. DP)₹71,39,556
FAQs — MG IM5 EMI in Bangalore
What is the EMI for MG IM5 in Bangalore?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹98,808/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 IM5?
Most banks require 10-20% down. With 20% down in Bangalore, you'd pay ₹12,11,100 upfront.
Is the on-road price in Bangalore different from ex-showroom?
Yes. Bangalore on-road price includes RTO (~5%), insurance (~4%), and stamp duty (0.1%) — adding about 10% to ex-showroom.
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