EMI Calculator
Strom Motors R3 EMI in Chennai
Monthly installment, down payment, and city-specific stamp duty for Strom Motors R3 in Chennai.
Your Loan Parameters
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10%60%
1 yr7 yrs
Ex-showroom
₹4.50 L
On-road (Chennai)
₹4.97 L
Down payment
₹99,450
Loan amount
₹3,97,800
EMI by Lender
Best rate in green · Based on typical published rates
| Bank | Rate | EMI | Total Interest | Processing |
|---|---|---|---|---|
| HDFC Bank | 8.5% p.a. | ₹8,161/mo | ₹91,889 | ₹2,984 |
| ICICI Bank | 8.75% p.a. | ₹8,209/mo | ₹94,769 | ₹1,989 |
| SBIBest | 8.25% p.a. | ₹8,114/mo | ₹89,018 | ₹1,392 |
| Axis Bank | 8.9% p.a. | ₹8,238/mo | ₹96,503 | ₹3,978 |
| Kotak Bank | 8.6% p.a. | ₹8,181/mo | ₹93,040 | ₹2,984 |
Chennai On-Road Breakup
- Ex-showroom₹4.50 L
- Registration + RTO₹22,500
- Insurance (1 yr)₹18,000
- Stamp duty (0.5%)₹2,250
- On-road Chennai₹4.97 L
Total Repayment (5 yrs)
- Monthly EMI (best rate)₹8,114
- Total paid to bank₹4,86,818
- Interest paid₹89,018
- Total cost (incl. DP)₹5,86,268
FAQs — Strom Motors R3 EMI in Chennai
What is the EMI for Strom Motors R3 in Chennai?
With 20% down payment over 5 years at the best rate (8.25%), EMI is approximately ₹8,114/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 Strom Motors R3?
Most banks require 10-20% down. With 20% down in Chennai, you'd pay ₹99,450 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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