Interest Component | ₹2,97,560 (17.8%) |
Principal Component | ₹13,73,800 (82.2%) |
Total Payable over 5 Years | ₹ 16,71,360 |
Versions Style 1.5 Petrol |
City Mumbai |
On-Road Price | ₹16,24,976 |
Ex-Showroom Price | ₹13,73,800 |
Max Loan Amount | ₹13,73,800 |
Down Payment as per your Selection |
₹2,51,176 |
Loan Amount | ₹13,73,800 |
EMI Amount | ₹27,856 |
Interest Component | ₹2,97,560 (17.8%) |
Principal Component | ₹13,73,800 (82.2%) |
Total Payable over 5 Years | ₹ 16,71,360 |
This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.
Months | Principal Paid | Interest Paid | Balance Loan |
12 | ₹2,32,777 | ₹1,01,492 | ₹11,41,023 |
24 | ₹2,52,097 | ₹82,171 | ₹8,88,926 |
36 | ₹2,73,021 | ₹61,247 | ₹6,15,905 |
48 | ₹2,95,682 | ₹38,587 | ₹3,20,223 |
60 | ₹3,20,223 | ₹14,045 | ₹0 |
MG Hector Plus Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹2.51 Lakh
₹27,856.
Here is how - MG Hector Plus price starts from ₹16,24,976 in Mumbai. If you pay a down payment of ₹2,51,176 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹27,856.
The cheapest Hector Plus model is Style 1.5 Petrol which is priced at ₹27,856 in Delhi.
You will need to pay at least a ₹2,27,700 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 Hector Plus.
Version | On-road price Mumbai | Max Loan |
Style 1.5 Petrol | 1624976 | 1373800 |
Style 1.5 Petrol Turbo MT 7-STR | 2031159 | 1465800 |
Style 2.0 Diesel | 1810173 | 1489800 |
Super 2.0 Diesel | 1898737 | 1569800 |
Style 2.0 Diesel Turbo MT 7-STR | 2298652 | 1614800 |
Super 1.5 Petrol Turbo Hybrid MT 7-STR | 2247563 | 1615800 |
Smart 1.5 DCT Petrol | 1963763 | 1669800 |
Smart 2.0 Diesel | 2077043 | 1719800 |
Super 2.0 Diesel Turbo MT 7-STR | 2444891 | 1719800 |
Sharp Hybrid 1.5 Petrol | 2044279 | 1738800 |
Super 2.0 Diesel Turbo MT 6-STR | 2473342 | 1744800 |
Sharp 1.5 DCT Petrol | 2157467 | 1835800 |
Smart 1.5 Petrol Turbo DCT 6-STR | 2581551 | 1864800 |
Smart 1.5 Petrol Turbo CVT 6-STR | 2587189 | 1864800 |
Sharp 2.0 Diesel | 2254159 | 1868800 |
Smart 2.0 Diesel Turbo MT 7-STR | 2723441 | 1919800 |
Sharp 1.5 Petrol Turbo Hybrid MT 6-STR | 2669394 | 1924800 |
Smart 2.0 Diesel Turbo MT 6-STR | 2735689 | 1929800 |
Sharp 1.5 Petrol Turbo Hybrid MT 6-STR Dual Tone | 2696858 | 1944800 |
Select 2.0 Diesel Turbo MT 7-STR | 2869295 | 2009800 |
Sharp 1.5 Petrol Turbo DCT 6-STR | 2827067 | 2024800 |
Sharp 1.5 Petrol Turbo CVT 6-STR | 2827067 | 2024800 |
Sharp 1.5 Petrol Turbo DCT 6-STR Dual Tone | 2854900 | 2044800 |
Sharp 2.0 Diesel Turbo MT 6-STR | 2958683 | 2074800 |
Sharp 2.0 Diesel Turbo MT 6-STR Dual Tone | 2986922 | 2094800 |
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 Hector Plus will be ₹21,412 but you will have to pay interest of ₹4,24,808 over the period of 7 years.
2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹65,643, but your interest payment will be only ₹2,68,348 over the period of 3 years period.
Everything about Hector Plus
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