MG ZS EV Car Loan EMI Calculator

₹ 38,485.
Here is how - MG ZS EV price starts from ₹ 20,25,836 in Mumbai. If you pay a down payment of ₹ 1,27,836 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 38,485.

The cheapest ZS EV model is Executive which is priced at ₹ 20,25,836 in Mumbai. You will need to pay at least a ₹ 1,27,836 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 ZS EV.

Version	On-road price in Mumbai	Max Loan
Executive	₹ 20,25,836	₹ 18,98,000
Excite Pro	₹ 21,28,619	₹ 19,98,000
Exclusive Plus Dark Grey	₹ 25,73,728	₹ 24,22,800
Essence Dark Grey	₹ 26,77,848	₹ 25,22,800
Exclusive Plus Dual Tone Iconic Ivory	₹ 25,95,741	₹ 24,43,800
Essence Dual Tone Iconic Ivory	₹ 27,00,570	₹ 25,43,800
100-Year Edition	₹ 25,94,902	₹ 24,42,800

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 ZS EV Executive will be ₹ 31,575 but you will have to pay interest of ₹ 7,54,300 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 ₹ 63,482, but your interest payment will be only ₹ 3,87,352 over the 3 years period.

₹ 38,485
MG ZS EV price starts from ₹ 20,25,836 in Mumbai.

We have considered
Down-payement : ₹ 1,27,836
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy ZS EV with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 6,76,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of ZS EV starts from ₹ 20.26 Lakh, you can get a loan with an annual income as low as ₹ 6.76 lakh.

Here are the most important things you should consider while getting a car loan for a new ZS EV

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.