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MG Hector Car Loan EMI Calculator

MG Hector
MG Hector 19.66 - 29.04 Lakh
Versions Style 1.5 Petrol Turbo MT
City Mumbai

Adjust Hector Car Loan Parameters

28,687 EMI for 5 Years
On-Road Price
19,66,094
Down Payment
Loan Tenure
Loan Interest Rate
%

MG Hector Style 1.5 Petrol Turbo MT Car Loan EMI

On-Road Price ₹19,66,094
Ex-Showroom Price ₹14,14,800
Max Loan Amount ₹14,14,800
Down Payment as per
your Selection
5,51,294
Loan Amount 14,14,800
EMI Amount 28,687
Interest Component 3,06,420 (17.8%)
Principal Component 14,14,800 (82.2%)
Total Payable over 5 Years 17,21,220
Note: This doesn't include bank processing fee.

MG Hector 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 ₹2,39,724 ₹1,04,521 ₹11,75,076
24 ₹2,59,621 ₹84,624 ₹9,15,455
36 ₹2,81,169 ₹63,075 ₹6,34,286
48 ₹3,04,506 ₹39,738 ₹3,29,780
60 ₹3,29,780 ₹14,465 ₹0

MG Hector EMI

MG Hector Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹5.51 Lakh

On-Road Price in Mumbai Down Payment EMI
Style 1.5 Petrol Turbo MT
₹19,66,094
5,51,294 28,687
Shine 1.5 Petrol Turbo MT
₹21,13,955
5,94,155* 30,816
Style 2.0 Diesel Turbo MT
₹22,32,675
6,63,875* 31,810
Shine 1.5 Petrol Turbo CVT
₹22,78,368
6,38,568* 33,249
Smart 1.5 Petrol Turbo Hybrid MT
₹23,87,977
6,68,177* 34,871
Shine 2.0 Diesel Turbo MT
₹24,42,849
7,23,049* 34,871
Smart 1.5 Petrol Turbo DCT
₹24,58,323
6,83,523* 35,987
Smart 1.5 Petrol CVT
₹24,70,183
6,90,383* 36,088
Sharp 1.5 Petrol Turbo Hybrid MT
₹25,72,942
7,18,142* 37,609
Sharp 1.5 Petrol Turbo Hybrid MT Dual Tone
₹26,01,220
7,26,420* 38,014
Smart 2.0 Diesel Turbo MT
₹26,51,631
7,81,831* 37,913
Sharp 1.5 Petrol Turbo DCT
₹27,00,361
7,52,561* 39,494
Sharp 1.5 Petrol CVT
₹27,07,212
7,54,412* 39,596
Sharp 1.5 Petrol Turbo DCT Dual Tone
₹27,29,984
7,57,184* 40,001
Sharp 2.0 Diesel Turbo MT
₹28,75,415
8,59,615* 40,873
Sharp 2.0 Diesel Turbo MT Dual Tone
₹29,03,749
8,67,949* 41,279

FAQ’s

₹28,687.

Here is how - MG Hector price starts from ₹19,66,094 in Mumbai. If you pay a down payment of ₹5,51,294 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹28,687.

The cheapest Hector model is Style 1.5 Petrol Turbo MT which is priced at ₹28,687 in Delhi.

You will need to pay at least a ₹4,03,767 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.

VersionOn-road price MumbaiMax Loan
Style 1.5 Petrol Turbo MT19660941414800
Super 1.5 Petrol Turbo MT16685411416800
Super 1.5 Petrol Turbo Hybrid MT17719931499800
Shine 1.5 Petrol Turbo MT21139551519800
Style 2.0 Diesel Turbo MT22326751568800
Super 2.0 Diesel Turbo MT19449151599800
Shine 1.5 Petrol Turbo CVT22783681639800
Shine 2.0 Diesel Turbo MT24428491719800
Smart 1.5 Petrol Turbo Hybrid MT23879771719800
Smart 1.5 Petrol Turbo DCT24583231774800
Smart 1.5 Petrol CVT24701831779800
Sharp 1.5 Petrol Turbo Hybrid MT25729421854800
Smart 2.0 Diesel Turbo MT26516311869800
Sharp 1.5 Petrol Turbo Hybrid MT Dual Tone26012201874800
Sharp 1.5 Petrol CVT27072121952800
Sharp 1.5 Petrol Turbo DCT27003611947800
Sharp 1.5 Petrol Turbo DCT Dual Tone27299841972800
Sharp 2.0 Diesel Turbo MT28754152015800
Sharp 2.0 Diesel Turbo MT Dual Tone29037492035800

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 will be ₹22,051 but you will have to pay interest of ₹4,37,484 over the period of 7 years.

2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹63,795, but your interest payment will be only ₹2,60,820 over the period of 3 years period.

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