EMI Calculator
MG IM6 EMI in Chandigarh
Monthly installment, down payment, and city-specific stamp duty for MG IM6 in Chandigarh.
Your Loan Parameters
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10%60%
1 yr7 yrs
Ex-showroom
₹30.00 L
On-road (Chandigarh)
₹33.06 L
Down payment
₹6,61,200
Loan amount
₹26,44,800
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹54,262/mo | ₹6,10,927 | ₹19,836 |
| ICICI Bank | 8.75% p.a. | ₹54,581/mo | ₹6,30,081 | ₹13,224 |
| SBIBest | 8.25% p.a. | ₹53,944/mo | ₹5,91,840 | ₹9,257 |
| Axis Bank | 8.9% p.a. | ₹54,773/mo | ₹6,41,606 | ₹26,448 |
| Kotak Bank | 8.6% p.a. | ₹54,390/mo | ₹6,18,581 | ₹19,836 |
Chandigarh On-Road Breakup
- Ex-showroom₹30.00 L
- Registration + RTO₹1,50,000
- Insurance (1 yr)₹1,20,000
- Stamp duty (0.2%)₹6,000
- On-road Chandigarh₹33.06 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹53,944
- Total paid to bank₹32,36,640
- Interest paid₹5,91,840
- Total cost (incl. DP)₹38,97,840
FAQs — MG IM6 EMI in Chandigarh
What is the EMI for MG IM6 in Chandigarh?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹53,944/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 Chandigarh, you'd pay ₹6,61,200 upfront.
Is the on-road price in Chandigarh different from ex-showroom?
Yes. Chandigarh on-road price includes RTO (~5%), insurance (~4%), and stamp duty (0.2%) — adding about 10% to ex-showroom.
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