MG Comet EV EMI Calculator


Updated on October 2026
MG Comet EV EMI starts at ₹14,850 per month for the Executive electric(battery) (₹7.90 Lakh ex-showroom, ₹8.71 Lakh on-road Delhi), on a ₹6.91 Lakh loan at 10.5% for 60 months. Down payment: ₹1.80 Lakh. Total interest: ₹2.00 Lakh. The top Exclusive FC costs ₹19,130/month.
Also see: Comet EV On-road price | Comet EV Variants | Comet EV Mileage

MG Comet EV Executive EMI & Down Payment

Ex-showroom
: Rs. 7,89,800
On-road price
: Rs. 8,70,947  (Delhi)
Loan amount
: Rs. 6,90,892  (On-road - Down payment)
Down payment
: Rs. 1,80,055  (On-road - Loan amount)
Monthly EMI
: Rs. 14,850  (For Tenure of 60 months @ 10.5%; banks start from 8.7%)
Insurance
: Rs. 33,647
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MG Comet EV Car Loan EMI Calculator

On-road price (Delhi)
Rs. 8,70,947
Down payment
Rs. 1,80,055
Loan amount
Rs. 6,90,892
Interest rate
10.5%
Tenure
60 months
Monthly EMI
Rs. 14,850
Total interest
Rs. 2,00,108
Total payable
Rs. 8,91,000
EMI in advance: You pay one EMI instalment in advance to the bank. This amount is EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan
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MG Comet EV Car Loan Interest Rates – Bank Comparison

Lending Partners Interest Rate EMI Starting From (60 Months)
Loans From HDFC BankHDFC Bank 8.85% onwards Rs. 14,292 (60 months)
Loans From ICICI BankICICI Bank 9% onwards Rs. 14,342 (60 months)
Loans From Axis BankAxis Bank 9.15% onwards Rs. 14,392 (60 months)
Loans From Bank of Baroda BankBank of Baroda 8.7% onwards Rs. 14,241 (60 months)
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MG Comet EV EMI by Loan Tenure

For a Rs. 6,90,892 loan on the Executive electric(battery) at 10.5%.

Tenure EMI Total Interest Total Payable
36 months Rs. 22,456 Rs. 1,17,524 Rs. 8,08,416
48 months Rs. 17,689 Rs. 1,58,180 Rs. 8,49,072
60 months Rs. 14,850 Rs. 2,00,108 Rs. 8,91,000
84 months Rs. 11,649 Rs. 2,87,624 Rs. 9,78,516
MG Comet EV
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MG Comet EV
3.3 97 user reviews
Starts at ₹ 7.90 Lakh
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MG Comet EV Variant-wise EMI & Down Payment

Comet EV Variants Fuel/Transmission Ex-showroom Loan @10.5% Down Payment EMI (60 months)
Executive Electric(Battery) / Automatic Rs. 7,89,800 Rs. 6,90,892 Rs. 1,80,055 Rs. 14,850
Excite Electric(Battery) / Automatic Rs. 8,99,800 Rs. 7,87,764 Rs. 1,97,030 Rs. 16,932
Excite FC Electric(Battery) / Automatic Rs. 9,26,800 Rs. 8,11,542 Rs. 2,00,472 Rs. 17,443
Exclusive Electric(Battery) / Automatic Rs. 9,89,800 Rs. 8,67,023 Rs. 2,10,337 Rs. 18,636
Blackstorm Edition Electric(Battery) / Automatic Rs. 9,99,800 Rs. 8,75,829 Rs. 2,22,972 Rs. 18,825
Exclusive FC Electric(Battery) / Automatic Rs. 10,16,800 Rs. 8,90,001 Rs. 2,37,647 Rs. 19,130

EMI of MG Comet EV Rivals – EaS E, eC3, Qute

MG Comet EV EMI – Frequently Asked Questions

What is the starting EMI of the MG Comet EV?

The MG Comet EV EMI starts at ₹14,850 per month for the Executive electric(battery) on a ₹6.91 Lakh loan at 10.5% for 60 months. Its on-road price in Delhi is ₹8.71 Lakh.

What is the minimum down payment for the MG Comet EV?

About ₹1.80 Lakh for the Executive electric(battery) in Delhi: the on-road price of ₹8.71 Lakh minus a ₹6.91 Lakh loan.

How much total interest will I pay on a MG Comet EV loan?

On a ₹6.91 Lakh loan at 10.5% for 60 months you pay ₹2.00 Lakh in interest, or ₹8.91 Lakh in total.

What is the MG Comet EV EMI for a 3-year versus a 7-year tenure?

For a ₹6.91 Lakh loan at 10.5%, the EMI is ₹22,456 per month over 3 years (₹1.18 Lakh interest) and ₹11,649 per month over 7 years (₹2.88 Lakh interest).

Which bank has the lowest interest rate for a MG Comet EV loan?

Of the banks listed on this page, Bank of Baroda starts lowest at 8.7%, which makes the EMI ₹14,241 per month on a ₹6.91 Lakh loan for 60 months.

What is the EMI of the top MG Comet EV variant?

The Exclusive FC costs ₹19,130 per month on a ₹8.90 Lakh loan at 10.5% for 60 months.

How is the MG Comet EV down payment calculated?

Down payment is the on-road price minus the loan amount. ZigWheels finances 90% of the ex-showroom price, less the processing fee and one EMI paid in advance, so the down payment covers the rest of the ex-showroom price plus insurance, registration and other on-road charges.

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MG Comet EV
MG Comet EV
3.3 97 user reviews
Starts at Rs. 7.90 Lakh
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