MG Windsor EV Car Loan EMI Calculator
MG Windsor EV EMI starts at 20,256 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 0.59 Lakh. MG Windsor EV price starts at ₹ 10.58 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.
Variant
Excite
City
Mumbai
Adjust Windsor EV Car Loan Parameters
On-Road Price
₹ 10,58,261₹ 20,256 for 5 Years
MG Windsor EV Loan Repayment Schedule
This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.
Months | Principal Paid | Interest Paid | Balance Loan |
---|---|---|---|
12 | ₹ 1,69,274 | ₹ 73,798 | ₹ 8,29,726 |
24 | ₹ 1,83,325 | ₹ 59,747 | ₹ 6,46,401 |
36 | ₹ 1,98,540 | ₹ 44,532 | ₹ 4,47,861 |
48 | ₹ 2,15,019 | ₹ 28,053 | ₹ 2,32,842 |
60 | ₹ 2,32,842 | ₹ 10,206 | ₹ 0 |
MG Windsor EV EMI
MG Windsor EV Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 59,261
On-Road Price in Mumbai | Min Down Payment | EMI |
---|---|---|
Excite ₹ 10,58,261 | ₹59,261 | ₹20,256 |
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Explore more about MG Windsor EV
Windsor EV EMI FAQs
Here is how - MG Windsor EV price starts from ₹ 10,58,261 in Mumbai. If you pay a down payment of ₹ 59,261 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 20,256.
Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.
Version | On-road price in Mumbai | Max Loan |
---|---|---|
Excite | ₹ 10,58,261 | ₹ 9,99,000 |
As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.
- 1. If you select a higher tenure loan, let's say 7 years, your EMI for Windsor EV Excite will be ₹ 16,494 but you will have to pay interest of ₹ 3,86,496 over the period of 7 years.
- 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 33,162, but your interest payment will be only ₹ 1,94,832 over the 3 years period.