MG ZS EV EMI Calculator


Updated on October 2026
MG ZS EV EMI starts at ₹33,936 per month for the Executive electric (₹17.99 Lakh ex-showroom, ₹19.43 Lakh on-road Delhi), on a ₹15.79 Lakh loan at 10.5% for 60 months. Down payment: ₹3.64 Lakh. Total interest: ₹4.57 Lakh. The top Essence costs ₹39,152/month.
Also see: ZS EV On-road price | ZS EV Variants | ZS EV Offers | ZS EV Mileage

MG ZS EV EMI and Down Payment

Ex-showroom
: Rs. 17,99,000
On-road price
: Rs. 19,43,014  (Delhi)
Loan amount
: Rs. 15,78,849  (On-road price - Down payment)
Down payment
: Rs. 3,64,165  (Amount paid upfront)
Monthly EMI
: Rs. 33,936  (For Tenure of 60 months @ 10.5%; banks start from 8.7%)
Insurance
: Rs. 75,224
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MG ZS EV Car Loan EMI Calculator

Variant
Executive
On-road price (Delhi)
Rs. 19,43,014
Down payment
Rs. 3,64,165
Loan amount
Rs. 15,78,849
Interest rate
10.5%
Tenure
60 months
Monthly EMI
Rs. 33,936
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

MG ZS EV Car Loan EMI & Loan Breakdown

Monthly EMI
Rs. 33,936
60 months @ 10.5%
  • Down paymentRs. 3,64,165
  • Loan amountRs. 15,78,849
  • Total interestRs. 4,57,311
  • Total loan repayment (EMIs)Rs. 20,36,160
  • Total purchase outlayRs. 24,00,325

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the Executive costs you over the loan; it does not include insurance renewal, fuel, maintenance or lender charges other than the processing fee.

YearPrincipal paidInterest paidOutstanding loan
Year 1 Months 1-12Rs. 2,53,418Rs. 1,53,814Rs. 13,25,431
Year 2 Months 13-24Rs. 2,81,346Rs. 1,25,886Rs. 10,44,085
Year 3 Months 25-36Rs. 3,12,352Rs. 94,880Rs. 7,31,733
Year 4 Months 37-48Rs. 3,46,773Rs. 60,459Rs. 3,84,960
Year 5 Months 49-60Rs. 3,84,960Rs. 22,272Rs. 0
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MG ZS 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. 32,659 (60 months)
Loans From ICICI BankICICI Bank 9% onwards Rs. 32,774 (60 months)
Loans From Axis BankAxis Bank 9.15% onwards Rs. 32,889 (60 months)
Loans From Bank of Baroda BankBank of Baroda 8.7% onwards Rs. 32,545 (60 months)
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MG ZS EV EMI by Loan Tenure

For a Rs. 15,78,849 loan on the Executive electric at 10.5%.

Tenure EMI Total Interest Total Payable
36 months Rs. 51,316 Rs. 2,68,527 Rs. 18,47,376
48 months Rs. 40,424 Rs. 3,61,503 Rs. 19,40,352
60 months Rs. 33,936 Rs. 4,57,311 Rs. 20,36,160
84 months Rs. 26,620 Rs. 6,57,231 Rs. 22,36,080
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Starts at ₹ 17.99 Lakh
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MG ZS EV Variant-Wise EMI

On-road prices in Delhi. Every variant uses the same rule: the loan runs 60 months at 10.5%, and the down payment is the on-road price minus the loan.

ZS EV Variants Fuel/Transmission Ex-showroom On-road Price Loan @10.5% Down Payment EMI (60 months)
Executive Electric(Battery) / Automatic Rs. 17,99,000 Rs. 19,43,014 Rs. 15,78,849 Rs. 3,64,165 Rs. 33,936
Excite Pro Electric(Battery) / Automatic Rs. 18,74,600 Rs. 20,22,774 Rs. 16,45,427 Rs. 3,77,347 Rs. 35,367
100 Year Limited Edition Electric(Battery) / Automatic Rs. 19,74,600 Rs. 21,27,752 Rs. 17,33,492 Rs. 3,94,260 Rs. 37,260
Exclusive Plus Electric(Battery) / Automatic Rs. 19,99,600 Rs. 21,53,196 Rs. 17,55,509 Rs. 3,97,687 Rs. 37,733
Exclusive Plus DT Electric(Battery) / Automatic Rs. 19,99,600 Rs. 21,53,196 Rs. 17,55,509 Rs. 3,97,687 Rs. 37,733
Essence Electric(Battery) / Automatic Rs. 20,74,600 Rs. 22,31,029 Rs. 18,21,558 Rs. 4,09,471 Rs. 39,152
Essence DT Electric(Battery) / Automatic Rs. 20,74,600 Rs. 22,31,029 Rs. 18,21,558 Rs. 4,09,471 Rs. 39,152

How Is the MG ZS EV EMI Calculated?

EMI = [P × r × (1 + r)n] ÷ [(1 + r)n − 1], where P is the loan amount, r is the monthly interest rate {(annual rate ÷ 12) ÷ 100} and n is the tenure in months. For the Executive electric variant: P = ₹15.79 Lakh, r = (10.5 ÷ 12) ÷ 100 = 0.00875 and n = 60 months, which gives an EMI of ₹33,936.

The calculation starts from the Delhi on-road price of ₹19.43 Lakh (ex-showroom ₹17.99 Lakh plus insurance, RTO and other charges).

Factors That Affect Your MG ZS EV Loan EMI

  • Down payment: Every ₹1 lakh of extra down payment lowers the EMI by about ₹2,149 at 10.5% for 60 months.
  • Interest rate: A rate 1% higher adds about ₹787 to the EMI on a ₹15.79 Lakh loan. Starting rates from the banks on this page range from 8.7% to 9.15%.
  • Loan tenure: Over 36 months the EMI is ₹51,316; over 84 months it drops to ₹26,620 but you pay ₹3.89 Lakh more in interest.
  • Variant and city: In Delhi the EMI ranges from ₹33,936 (Executive electric) to ₹39,152 (Essence). The on-road price, and with it the loan, changes from city to city with RTO charges and insurance.

EMI of MG ZS EV Rivals – Scorpio N, e Vitara, Innova Crysta

Starting EMI of each model's base variant, worked out the same way as the MG ZS EV: the down payment is the on-road price minus the loan.

ModelOn-road PriceEMITenureInterest RateCompare
Mahindra Scorpio N Z2 Rs. 16,06,405 Rs. 25,796 60 months 10.5% Compare with ZS EV
Maruti Suzuki e Vitara Delta Rs. 17,08,575 Rs. 30,528 60 months 10.5% Compare with ZS EV
Toyota Innova Crysta 2.4 GX 7Str Rs. 24,97,730 Rs. 37,646 60 months 10.5% Compare with ZS EV
Mahindra XUV 7XO AX Rs. 16,99,562 Rs. 26,364 60 months 10.5% Compare with ZS EV

Frequently Asked Questions About MG ZS EV EMI

What is the monthly EMI for the MG ZS EV?

₹33,936 a month for the Executive electric, on a ₹15.79 Lakh loan at 10.5% for 5 years. The top Essence works out to ₹39,152.

How much down payment is required for the MG ZS EV?

About ₹3.64 Lakh for the Executive electric in Delhi. That's the on-road price of ₹19.43 Lakh minus the ₹15.79 Lakh loan.

How does the loan tenure affect the MG ZS EV EMI?

Over 3 years the EMI is ₹51,316 and you pay ₹2.69 Lakh in interest. Stretch it to 7 years and the EMI drops to ₹26,620, but interest rises to ₹6.57 Lakh.

Is the MG ZS EV EMI calculated on the ex-showroom price or the on-road price?

On the on-road price. In Delhi the Executive electric costs ₹19.43 Lakh on-road, which includes ₹75,224 insurance and ₹68,790 RTO and other charges.

Does the MG ZS EV EMI calculator include the processing fee?

Yes. The ₹5,450 processing fee is paid with the down payment and is not added to the loan.

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

Bank of Baroda, from 8.7%. At that rate the EMI on the same ₹15.79 Lakh loan comes to ₹32,545 a month.

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