MG Majestor EMI Calculator


Updated on October 2026
MG Majestor EMI starts at ₹80,311 per month for the Savvy 4x2 diesel (₹42.49 Lakh ex-showroom, ₹50.63 Lakh on-road Delhi), on a ₹37.36 Lakh loan at 10.5% for 60 months. Down payment: ₹13.27 Lakh. Total interest: ₹10.82 Lakh. The top Savvy 4x4 costs ₹85,043/month.
Also see: Majestor On-road price | Majestor Variants

MG Majestor Savvy 4x2 6STR EMI & Down Payment

Ex-showroom
: Rs. 42,49,000
On-road price
: Rs. 50,62,980  (Delhi)
Loan amount
: Rs. 37,36,455  (On-road - Down payment)
Down payment
: Rs. 13,26,525  (On-road - Loan amount)
Monthly EMI
: Rs. 80,311  (For Tenure of 60 months @ 10.5%; banks start from 8.7%)
Insurance
: Rs. 1,93,075
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MG Majestor Car Loan EMI Calculator

On-road price (Delhi)
Rs. 50,62,980
Down payment
Rs. 13,26,525
Loan amount
Rs. 37,36,455
Interest rate
10.5%
Tenure
60 months
Monthly EMI
Rs. 80,311
Total interest
Rs. 10,82,205
Total payable
Rs. 48,18,660
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 Majestor Car Loan Interest Rates – Bank Comparison

Lending Partners Interest Rate EMI Starting From (60 Months)
Loans From HDFC BankHDFC Bank 8.85% onwards Rs. 77,291 (60 months)
Loans From ICICI BankICICI Bank 9% onwards Rs. 77,563 (60 months)
Loans From Axis BankAxis Bank 9.15% onwards Rs. 77,835 (60 months)
Loans From Bank of Baroda BankBank of Baroda 8.7% onwards Rs. 77,020 (60 months)
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MG Majestor EMI by Loan Tenure

For a Rs. 37,36,455 loan on the Savvy 4x2 diesel at 10.5%.

Tenure EMI Total Interest Total Payable
36 months Rs. 1,21,444 Rs. 6,35,529 Rs. 43,71,984
48 months Rs. 95,666 Rs. 8,55,513 Rs. 45,91,968
60 months Rs. 80,311 Rs. 10,82,205 Rs. 48,18,660
84 months Rs. 62,999 Rs. 15,55,461 Rs. 52,91,916
MG Majestor
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MG Majestor
4.5 1 user reviews
Starts at ₹ 42.49 Lakh
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MG Majestor Variant-wise EMI & Down Payment

Majestor Variants Fuel/Transmission Ex-showroom Loan @10.5% Down Payment EMI (60 months)
Savvy 4x2 Diesel / Automatic Rs. 42,49,000 Rs. 37,36,455 Rs. 13,26,525 Rs. 80,311
Savvy 4x2 6STR Diesel / Automatic Rs. 42,49,000 Rs. 37,36,455 Rs. 13,26,525 Rs. 80,311
Savvy 4x4 Diesel / Automatic Rs. 44,99,000 Rs. 39,56,619 Rs. 14,02,252 Rs. 85,043

EMI of MG Majestor Rivals – Fortuner, Defender, Grand Cherokee

MG Majestor EMI – Frequently Asked Questions

What is the starting EMI of the MG Majestor?

The MG Majestor EMI starts at ₹80,311 per month for the Savvy 4x2 diesel on a ₹37.36 Lakh loan at 10.5% for 60 months. Its on-road price in Delhi is ₹50.63 Lakh.

What is the minimum down payment for the MG Majestor?

About ₹13.27 Lakh for the Savvy 4x2 diesel in Delhi: the on-road price of ₹50.63 Lakh minus a ₹37.36 Lakh loan.

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

On a ₹37.36 Lakh loan at 10.5% for 60 months you pay ₹10.82 Lakh in interest, or ₹48.19 Lakh in total.

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

For a ₹37.36 Lakh loan at 10.5%, the EMI is ₹1,21,444 per month over 3 years (₹6.36 Lakh interest) and ₹62,999 per month over 7 years (₹15.55 Lakh interest).

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

Of the banks listed on this page, Bank of Baroda starts lowest at 8.7%, which makes the EMI ₹77,020 per month on a ₹37.36 Lakh loan for 60 months.

What is the EMI of the MG Majestor diesel automatic?

The Savvy 4x2, the most affordable diesel automatic, costs ₹80,311 per month on a ₹37.36 Lakh loan at 10.5% for 60 months.

What is the EMI of the top MG Majestor variant?

The Savvy 4x4 costs ₹85,043 per month on a ₹39.57 Lakh loan at 10.5% for 60 months.

How is the MG Majestor 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 Majestor
MG Majestor
4.5 1 user reviews
Starts at Rs. 42.49 Lakh
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