EMI Calculator
Mg M9 EMI in Chennai
Monthly installment, down payment, and city-specific stamp duty for Mg M9 in Chennai.
Your Loan Parameters
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10%60%
1 yr7 yrs
Ex-showroom
₹69.90 L
On-road (Chennai)
₹77.24 L
Down payment
₹15,44,790
Loan amount
₹61,79,161
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹1,26,775/mo | ₹14,27,336 | ₹46,344 |
| ICICI Bank | 8.75% p.a. | ₹1,27,521/mo | ₹14,72,086 | ₹30,896 |
| SBIBest | 8.25% p.a. | ₹1,26,032/mo | ₹13,82,742 | ₹21,627 |
| Axis Bank | 8.9% p.a. | ₹1,27,970/mo | ₹14,99,011 | ₹61,792 |
| Kotak Bank | 8.6% p.a. | ₹1,27,073/mo | ₹14,45,217 | ₹46,344 |
Chennai On-Road Breakup
- Ex-showroom₹69.90 L
- Registration + RTO₹3,49,500
- Insurance (1 yr)₹2,79,600
- Stamp duty (0.5%)₹34,950
- On-road Chennai₹77.24 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹1,26,032
- Total paid to bank₹75,61,903
- Interest paid₹13,82,742
- Total cost (incl. DP)₹91,06,693
FAQs — Mg M9 EMI in Chennai
What is the EMI for Mg M9 in Chennai?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹1,26,032/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 Chennai, you'd pay ₹15,44,790 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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