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      MG Hector Car Loan EMI Calculator

      MG Hector EMI starts at 30,309 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 2.77 Lakh. MG Hector price starts at ₹ 17.72 Lakh and goes up to ₹ 26.77 Lakh. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.

      MG Hector
      MGHector₹ 17.72 - 26.77 Lakh

      Variant

      Style 1.5 Turbo MT

      Right Arrow

      City

      Mumbai

      Right Arrow

      Adjust Hector Car Loan Parameters

      On-Road Price

      ₹ 17,71,906

      Hector Style 1.5 Turbo MT EMI

      30,309 for 5 Years

      Down Payment
      Loan Tenure (Months)
      Bank Interest Rate
      %

      MG Hector Style 1.5 Turbo MT Car Loan EMI

      On-Road Price₹ 17,71,906
      Ex-Showroom Price₹ 1494800
      Max Loan Amount₹ 1494800
      Down Payment as per your Selectiont₹ 2,77,106
      Loan Amount₹ 14,94,800
      EMI Amount 30,309
      Interest Component3,23,740(17.8%)
      Principal Component14,94,800(82.2%)
      Total Payable over 5 Years18,18,540
      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.

      MonthsPrincipal PaidInterest PaidBalance Loan
      12₹ 2,53,284₹ 1,10,424₹ 12,41,516
      24₹ 2,74,305₹ 89,403₹ 9,67,211
      36₹ 2,97,072₹ 66,636₹ 6,70,139
      48₹ 3,21,729₹ 41,979₹ 3,48,410
      60₹ 3,48,410₹ 15,275₹ 0

      MG Hector EMI

      MG Hector Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 2,77,106

      On-Road Price in MumbaiMin Down PaymentEMI
      Style 1.5 Turbo MT

      ₹ 17,71,906

      ₹2,77,106₹30,309
      Smart Pro 1.5 Turbo MT

      ₹ 21,60,654

      ₹3,36,854₹36,980
      Sharp Pro 1.5 Turbo MT

      ₹ 23,31,358

      ₹3,61,558₹39,940
      Sharp Pro 1.5 Turbo CVT

      ₹ 25,04,772

      ₹4,04,972₹42,576
      Savvy Pro 1.5 Turbo CVT

      ₹ 26,16,815

      ₹4,22,015₹44,503
      Smart Pro 2.0 Turbo Diesel MT

      ₹ 24,28,179

      ₹4,28,379₹40,549
      Sharp Pro 2.0 Turbo Diesel MT

      ₹ 26,52,843

      ₹4,83,043₹43,996
      Smart EX CVT

      ₹ 21,66,500

      ₹3,37,700₹37,081
      Smart EX MT

      ₹ 20,27,365

      ₹3,17,565₹34,669
      Sharp Pro 1.5 Turbo MT Dual Tone

      ₹ 23,52,637

      ₹3,64,637₹40,309
      Sharp Pro 1.5 Turbo CVT Dual Tone

      ₹ 25,28,360

      ₹4,08,560₹42,982
      Savvy Pro 1.5 Turbo CVT Dual Tone

      ₹ 26,40,403

      ₹4,25,603₹44,908
      Smart Pro 2.0 Turbo Diesel MT Dual Tone

      ₹ 24,72,608

      ₹4,52,808₹40,954
      Sharp Pro 2.0 Turbo Diesel MT Dual Tone

      ₹ 26,76,874

      ₹4,87,074₹44,401
      Shine Pro 1.5 Turbo MT

      ₹ 18,98,753

      ₹2,98,953₹32,438
      Shine Pro 1.5 Turbo CVT

      ₹ 20,15,673

      ₹3,15,873₹34,466
      Select Pro 1.5 Turbo MT

      ₹ 20,50,749

      ₹3,20,949₹35,074
      Select Pro 1.5 Turbo CVT

      ₹ 21,89,884

      ₹3,41,084₹37,487
      Shine Pro 2.0 Turbo Diesel MT

      ₹ 21,54,166

      ₹3,84,366₹35,885
      Select Pro 2.0 Turbo Diesel MT

      ₹ 22,73,302

      ₹4,03,502₹37,913

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      Explore more about MG Hector

      MG Hector
      MG Hector
      ₹ 17.72 - 26.77 LakhOn-Road Price, Mumbai

      Hector EMI FAQs

      ₹ 30,309.
      Here is how - MG Hector price starts from ₹ 17,71,906 in Mumbai. If you pay a down payment of ₹ 2,77,106 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 30,309.
      The cheapest Hector model is Style 1.5 Turbo MT which is priced at ₹ 17,71,906 in Mumbai. You will need to pay at least a ₹ 2,77,106 down payment 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 in MumbaiMax Loan
      Style 1.5 Turbo MT₹ 17,71,906₹ 14,94,800
      Smart Pro 1.5 Turbo MT₹ 21,60,654₹ 18,23,800
      Sharp Pro 1.5 Turbo MT₹ 23,31,358₹ 19,69,800
      Sharp Pro 1.5 Turbo CVT₹ 25,04,772₹ 20,99,800
      Savvy Pro 1.5 Turbo CVT₹ 26,16,815₹ 21,94,800
      Smart Pro 2.0 Turbo Diesel MT₹ 24,28,179₹ 19,99,800
      Sharp Pro 2.0 Turbo Diesel MT₹ 26,52,843₹ 21,69,800
      Smart EX CVT₹ 21,66,500₹ 18,28,800
      Smart EX MT₹ 20,27,365₹ 17,09,800
      Sharp Pro 1.5 Turbo MT Dual Tone₹ 23,52,637₹ 19,88,000
      Sharp Pro 1.5 Turbo CVT Dual Tone₹ 25,28,360₹ 21,19,800
      Savvy Pro 1.5 Turbo CVT Dual Tone₹ 26,40,403₹ 22,14,800
      Smart Pro 2.0 Turbo Diesel MT Dual Tone₹ 24,72,608₹ 20,19,800
      Sharp Pro 2.0 Turbo Diesel MT Dual Tone₹ 26,76,874₹ 21,89,800
      Shine Pro 1.5 Turbo MT₹ 18,98,753₹ 15,99,800
      Shine Pro 1.5 Turbo CVT₹ 20,15,673₹ 16,99,800
      Select Pro 1.5 Turbo MT₹ 20,50,749₹ 17,29,800
      Select Pro 1.5 Turbo CVT₹ 21,89,884₹ 18,48,800
      Shine Pro 2.0 Turbo Diesel MT₹ 21,54,166₹ 17,69,800
      Select Pro 2.0 Turbo Diesel MT₹ 22,73,302₹ 18,69,800

      As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

      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 Style 1.5 Turbo MT will be ₹ 27,617 but you will have to pay interest of ₹ 8,25,028 over the period of 7 years.
      • 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 55,525, but your interest payment will be only ₹ 5,04,100 over the 3 years period.