MG M9 EMI Calculator
Updated on October 2026
MG M9 Presidential Limo EMI & Down Payment
MG M9 Car Loan EMI Calculator
- On-road price (Delhi)
- Rs. 84,03,824
- Down payment
- Rs. 13,68,609
- Loan amount
- Rs. 70,35,215
- Interest rate
- 10.5%
- Tenure
- 60 months
- Monthly EMI
- Rs. 1,51,214
- Total interest
- Rs. 20,37,625
- Total payable
- Rs. 90,72,840
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MG M9 Car Loan Interest Rates – Bank Comparison
| Lending Partners | Interest Rate | EMI Starting From (60 Months) |
|---|---|---|
 HDFC Bank |
8.85% onwards | Rs. 1,45,528 (60 months) |
| ICICI Bank |
9% onwards | Rs. 1,46,039 (60 months) |
| Axis Bank |
9.15% onwards | Rs. 1,46,552 (60 months) |
| Bank of Baroda |
8.7% onwards | Rs. 1,45,017 (60 months) |
MG M9 EMI by Loan Tenure
For a Rs. 70,35,215 loan on the Presidential Limo electric(battery) at 10.5%.
| Tenure | EMI | Total Interest | Total Payable |
|---|---|---|---|
| 36 months | Rs. 2,28,662 | Rs. 11,96,617 | Rs. 82,31,832 |
| 48 months | Rs. 1,80,125 | Rs. 16,10,785 | Rs. 86,46,000 |
| 60 months | Rs. 1,51,214 | Rs. 20,37,625 | Rs. 90,72,840 |
| 84 months | Rs. 1,18,618 | Rs. 29,28,697 | Rs. 99,63,912 |
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MG M9 Variant-wise EMI & Down Payment
| M9 Variants | Fuel/Transmission | Ex-showroom | Loan @10.5% | Down Payment | EMI (60 months) |
|---|---|---|---|---|---|
| Presidential Limo | Electric(Battery) / Automatic | Rs. 79,94,800 | Rs. 70,35,215 | Rs. 13,68,609 | Rs. 1,51,214 |
| Couture Edition | Electric(Battery) / Automatic | Rs. 84,94,000 | Rs. 74,74,838 | Rs. 14,51,885 | Rs. 1,60,663 |
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MG M9 EMI – Frequently Asked Questions
What is the starting EMI of the MG M9?
The MG M9 EMI starts at ₹1,51,214 per month for the Presidential Limo electric(battery) on a ₹70.35 Lakh loan at 10.5% for 60 months. Its on-road price in Delhi is ₹84.04 Lakh.
What is the minimum down payment for the MG M9?
About ₹13.69 Lakh for the Presidential Limo electric(battery) in Delhi: the on-road price of ₹84.04 Lakh minus a ₹70.35 Lakh loan.
How much total interest will I pay on a MG M9 loan?
On a ₹70.35 Lakh loan at 10.5% for 60 months you pay ₹20.38 Lakh in interest, or ₹90.73 Lakh in total.
What is the MG M9 EMI for a 3-year versus a 7-year tenure?
For a ₹70.35 Lakh loan at 10.5%, the EMI is ₹2,28,662 per month over 3 years (₹11.97 Lakh interest) and ₹1,18,618 per month over 7 years (₹29.29 Lakh interest).
Which bank has the lowest interest rate for a MG M9 loan?
Of the banks listed on this page, Bank of Baroda starts lowest at 8.7%, which makes the EMI ₹1,45,017 per month on a ₹70.35 Lakh loan for 60 months.
What is the EMI of the top MG M9 variant?
The Couture Edition costs ₹1,60,663 per month on a ₹74.75 Lakh loan at 10.5% for 60 months.
How is the MG M9 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.
MG M9 2026 Brochure
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