EMI Calculator
MG IM6 EMI in Bangalore
Monthly installment, down payment, and city-specific stamp duty for MG IM6 in Bangalore.
Your Loan Parameters
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10%60%
1 yr7 yrs
Ex-showroom
₹30.00 L
On-road (Bangalore)
₹33.03 L
Down payment
₹6,60,600
Loan amount
₹26,42,400
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹54,213/mo | ₹6,10,373 | ₹19,818 |
| ICICI Bank | 8.75% p.a. | ₹54,532/mo | ₹6,29,509 | ₹13,212 |
| SBIBest | 8.25% p.a. | ₹53,895/mo | ₹5,91,303 | ₹9,248 |
| Axis Bank | 8.9% p.a. | ₹54,724/mo | ₹6,41,023 | ₹26,424 |
| Kotak Bank | 8.6% p.a. | ₹54,340/mo | ₹6,18,020 | ₹19,818 |
Bangalore On-Road Breakup
- Ex-showroom₹30.00 L
- Registration + RTO₹1,50,000
- Insurance (1 yr)₹1,20,000
- Stamp duty (0.1%)₹3,000
- On-road Bangalore₹33.03 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹53,895
- Total paid to bank₹32,33,703
- Interest paid₹5,91,303
- Total cost (incl. DP)₹38,94,303
FAQs — MG IM6 EMI in Bangalore
What is the EMI for MG IM6 in Bangalore?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹53,895/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 IM6?
Most banks require 10-20% down. With 20% down in Bangalore, you'd pay ₹6,60,600 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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