EMI Calculator
Mg M9 EMI in Indore
Monthly installment, down payment, and city-specific stamp duty for Mg M9 in Indore.
Your Loan Parameters
Adjust down payment and tenure to see EMIs update live
10%60%
1 yr7 yrs
Ex-showroom
₹69.90 L
On-road (Indore)
₹77.03 L
Down payment
₹15,40,596
Loan amount
₹61,62,385
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹1,26,431/mo | ₹14,23,461 | ₹46,218 |
| ICICI Bank | 8.75% p.a. | ₹1,27,175/mo | ₹14,68,089 | ₹30,812 |
| SBIBest | 8.25% p.a. | ₹1,25,690/mo | ₹13,78,988 | ₹21,568 |
| Axis Bank | 8.9% p.a. | ₹1,27,622/mo | ₹14,94,941 | ₹61,624 |
| Kotak Bank | 8.6% p.a. | ₹1,26,728/mo | ₹14,41,294 | ₹46,218 |
Indore On-Road Breakup
- Ex-showroom₹69.90 L
- Registration + RTO₹3,49,500
- Insurance (1 yr)₹2,79,600
- Stamp duty (0.2%)₹13,980
- On-road Indore₹77.03 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹1,25,690
- Total paid to bank₹75,41,373
- Interest paid₹13,78,988
- Total cost (incl. DP)₹90,81,969
FAQs — Mg M9 EMI in Indore
What is the EMI for Mg M9 in Indore?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹1,25,690/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 Indore, you'd pay ₹15,40,596 upfront.
Is the on-road price in Indore different from ex-showroom?
Yes. Indore on-road price includes RTO (~5%), insurance (~4%), and stamp duty (0.2%) — adding about 10% to ex-showroom.
Get pre-approved loan offers
Share your details and we'll connect you with top lenders in Indore.