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MG Hector Plus Car Loan EMI Calculator

MG Hector Plus
MG Hector Plus 16.25 - 29.87 Lakh
Versions Style 1.5 Petrol
City Mumbai

Adjust Hector Plus Car Loan Parameters

27,856 EMI for 5 Years
On-Road Price
16,24,976
Down Payment
Loan Tenure
Loan Interest Rate
%

MG Hector Plus Style 1.5 Petrol Car Loan EMI

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
Note: This doesn't include bank processing fee.

MG Hector Plus Loan Repayment Schedule

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 EMI

MG Hector Plus Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹2.51 Lakh

On-Road Price in Mumbai Down Payment EMI
Super 1.5 Petrol Turbo Hybrid MT 7-STR
₹22,47,563
6,31,763* 32,763
Style 2.0 Diesel Turbo MT 7-STR
₹22,98,652
6,83,852* 32,742
Super 2.0 Diesel Turbo MT 7-STR
₹24,44,891
7,25,091* 34,871
Smart 1.5 Petrol Turbo DCT 6-STR
₹25,81,551
7,16,751* 37,811
Smart 1.5 Petrol Turbo CVT 6-STR
₹25,87,189
7,22,389* 37,811
Sharp 1.5 Petrol Turbo Hybrid MT 6-STR
₹26,69,394
7,44,594* 39,028
Sharp 1.5 Petrol Turbo Hybrid MT 6-STR Dual Tone
₹26,96,858
7,52,058* 39,434
Smart 2.0 Diesel Turbo MT 7-STR
₹27,23,441
8,03,641* 38,927
Smart 2.0 Diesel Turbo MT 6-STR
₹27,35,689
8,05,889* 39,129
Sharp 1.5 Petrol Turbo CVT 6-STR
₹28,27,067
8,02,267* 41,056
Sharp 1.5 Petrol Turbo DCT 6-STR
₹28,27,067
8,02,267* 41,056
Sharp 1.5 Petrol Turbo DCT 6-STR Dual Tone
₹28,54,900
8,10,100* 41,461
Select 2.0 Diesel Turbo MT 7-STR
₹28,69,295
8,59,495* 40,751
Sharp 2.0 Diesel Turbo MT 6-STR
₹29,58,683
8,83,883* 42,069
Sharp 2.0 Diesel Turbo MT 6-STR Dual Tone
₹29,86,922
8,92,122* 42,475

FAQ’s

₹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.

VersionOn-road price MumbaiMax Loan
Style 1.5 Petrol16249761373800
Style 1.5 Petrol Turbo MT 7-STR20311591465800
Style 2.0 Diesel18101731489800
Super 2.0 Diesel18987371569800
Style 2.0 Diesel Turbo MT 7-STR22986521614800
Super 1.5 Petrol Turbo Hybrid MT 7-STR22475631615800
Smart 1.5 DCT Petrol19637631669800
Smart 2.0 Diesel20770431719800
Super 2.0 Diesel Turbo MT 7-STR24448911719800
Sharp Hybrid 1.5 Petrol20442791738800
Super 2.0 Diesel Turbo MT 6-STR24733421744800
Sharp 1.5 DCT Petrol21574671835800
Smart 1.5 Petrol Turbo DCT 6-STR25815511864800
Smart 1.5 Petrol Turbo CVT 6-STR25871891864800
Sharp 2.0 Diesel22541591868800
Smart 2.0 Diesel Turbo MT 7-STR27234411919800
Sharp 1.5 Petrol Turbo Hybrid MT 6-STR26693941924800
Smart 2.0 Diesel Turbo MT 6-STR27356891929800
Sharp 1.5 Petrol Turbo Hybrid MT 6-STR Dual Tone26968581944800
Select 2.0 Diesel Turbo MT 7-STR28692952009800
Sharp 1.5 Petrol Turbo DCT 6-STR28270672024800
Sharp 1.5 Petrol Turbo CVT 6-STR28270672024800
Sharp 1.5 Petrol Turbo DCT 6-STR Dual Tone28549002044800
Sharp 2.0 Diesel Turbo MT 6-STR29586832074800
Sharp 2.0 Diesel Turbo MT 6-STR Dual Tone29869222094800

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.

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