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      MG Comet EV Car Loan EMI Calculator

      MG Comet EV EMI starts at 14,169 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 0.40 Lakh. MG Comet EV price starts at ₹ 7.38 Lakh and goes up to ₹ 9.91 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.

      MG Comet EV
      MGComet EV₹ 7.38 - 9.91 Lakh

      Variant

      Executive

      Right Arrow

      City

      Mumbai

      Right Arrow

      Adjust Comet EV Car Loan Parameters

      On-Road Price

      ₹ 7,38,470

      Comet EV Executive EMI

      14,169 for 5 Years

      Down Payment
      Loan Tenure (Months)
      Bank Interest Rate
      %

      MG Comet EV Executive Car Loan EMI

      On-Road Price₹ 7,38,470
      Ex-Showroom Price₹ 698800
      Max Loan Amount₹ 698800
      Down Payment as per your Selectiont₹ 39,670
      Loan Amount₹ 6,98,800
      EMI Amount 14,169
      Interest Component1,51,340(17.8%)
      Principal Component6,98,800(82.2%)
      Total Payable over 5 Years8,50,140
      Note: This doesn't include bank processing fee.

      MG Comet 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.

      MonthsPrincipal PaidInterest PaidBalance Loan
      12₹ 1,18,409₹ 51,619₹ 5,80,391
      24₹ 1,28,238₹ 41,790₹ 4,52,153
      36₹ 1,38,882₹ 31,146₹ 3,13,271
      48₹ 1,50,408₹ 19,620₹ 1,62,863
      60₹ 1,62,863₹ 7,135₹ 0

      MG Comet EV EMI

      MG Comet EV Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 39,670

      On-Road Price in MumbaiMin Down PaymentEMI
      Executive

      ₹ 7,38,470

      ₹39,670₹14,169
      Excite

      ₹ 8,41,148

      ₹43,148₹16,181
      Excite FC

      ₹ 8,81,262

      ₹47,462₹16,906
      Exclusive

      ₹ 9,37,362

      ₹49,362₹18,005
      Exclusive FC

      ₹ 9,74,417

      ₹50,617₹18,731
      EverGreen

      ₹ 9,90,978

      ₹51,178₹19,056

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      Explore more about MG Comet EV

      MG Comet EV
      MG Comet EV
      ₹ 7.38 - 9.91 Lakh On-Road Price, Mumbai

      Comet EV EMI FAQs

      ₹ 14,169.
      Here is how - MG Comet EV price starts from ₹ 7,38,470 in Mumbai. If you pay a down payment of ₹ 39,670 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 14,169.
      The cheapest Comet EV model is Executive which is priced at ₹ 7,38,470 in Mumbai. You will need to pay at least a ₹ 39,670 down payment to buy this model.

      Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.
      Here is a model wise list of max loan amount for Comet EV.
      VersionOn-road price in MumbaiMax Loan
      Executive₹ 7,38,470₹ 6,98,800
      Excite₹ 8,41,148₹ 7,98,000
      Excite FC₹ 8,81,262₹ 8,33,800
      Exclusive₹ 9,37,362₹ 8,88,000
      Exclusive FC₹ 9,74,417₹ 9,23,800
      EverGreen₹ 9,90,978₹ 9,39,800

      As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

      Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.
      • 1. If you select a higher tenure loan, let's say 7 years, your EMI for Comet EV Executive will be ₹ 11,510 but you will have to pay interest of ₹ 2,68,040 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 ₹ 23,141, but your interest payment will be only ₹ 1,34,276 over the 3 years period.