EMI Calculator
Mg M9 EMI in Ahmedabad
Monthly installment, down payment, and city-specific stamp duty for Mg M9 in Ahmedabad.
Your Loan Parameters
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10%60%
1 yr7 yrs
Ex-showroom
₹69.90 L
On-road (Ahmedabad)
₹76.99 L
Down payment
₹15,39,897
Loan amount
₹61,59,589
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹1,26,373/mo | ₹14,22,815 | ₹46,197 |
| ICICI Bank | 8.75% p.a. | ₹1,27,117/mo | ₹14,67,423 | ₹30,798 |
| SBIBest | 8.25% p.a. | ₹1,25,633/mo | ₹13,78,363 | ₹21,559 |
| Axis Bank | 8.9% p.a. | ₹1,27,564/mo | ₹14,94,263 | ₹61,596 |
| Kotak Bank | 8.6% p.a. | ₹1,26,670/mo | ₹14,40,640 | ₹46,197 |
Ahmedabad On-Road Breakup
- Ex-showroom₹69.90 L
- Registration + RTO₹3,49,500
- Insurance (1 yr)₹2,79,600
- Stamp duty (0.15%)₹10,485
- On-road Ahmedabad₹76.99 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹1,25,633
- Total paid to bank₹75,37,952
- Interest paid₹13,78,363
- Total cost (incl. DP)₹90,77,849
FAQs — Mg M9 EMI in Ahmedabad
What is the EMI for Mg M9 in Ahmedabad?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹1,25,633/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 M9?
Most banks require 10-20% down. With 20% down in Ahmedabad, you'd pay ₹15,39,897 upfront.
Is the on-road price in Ahmedabad different from ex-showroom?
Yes. Ahmedabad on-road price includes RTO (~5%), insurance (~4%), and stamp duty (0.15%) — adding about 10% to ex-showroom.
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