EMI Calculator
MG IM5 EMI in Chennai
Monthly installment, down payment, and city-specific stamp duty for MG IM5 in Chennai.
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 (Chennai)
₹60.77 L
Down payment
₹12,15,500
Loan amount
₹48,62,000
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹99,751/mo | ₹11,23,083 | ₹36,465 |
| ICICI Bank | 8.75% p.a. | ₹1,00,338/mo | ₹11,58,294 | ₹24,310 |
| SBIBest | 8.25% p.a. | ₹99,167/mo | ₹10,87,995 | ₹17,017 |
| Axis Bank | 8.9% p.a. | ₹1,00,691/mo | ₹11,79,479 | ₹48,620 |
| Kotak Bank | 8.6% p.a. | ₹99,986/mo | ₹11,37,152 | ₹36,465 |
Chennai On-Road Breakup
- Ex-showroom₹55.00 L
- Registration + RTO₹2,75,000
- Insurance (1 yr)₹2,20,000
- Stamp duty (0.5%)₹27,500
- On-road Chennai₹60.77 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹99,167
- Total paid to bank₹59,49,995
- Interest paid₹10,87,995
- Total cost (incl. DP)₹71,65,495
FAQs — MG IM5 EMI in Chennai
What is the EMI for MG IM5 in Chennai?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹99,167/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 Chennai, you'd pay ₹12,15,500 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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