• Login / Register

MG Hector EMI Calculator

MG Hector EMI starts at Rs 28,362 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 13.41 Lakh. The EMI Calculator tool on CarDekho gives a detailed break-up of the total payable amount and helps you in finding best car finance for your Hector.

MG Hector Down Payment and EMI

MG Hector VariantsLoan @ rate%Down paymentEMI Amount(60 months)
MG Hector Style MT9.800000190734863Rs.1.49 LakhRs.28,362
MG Hector Super MT9.800000190734863Rs.1.58 LakhRs.30,083
MG Hector Style Diesel MT9.800000190734863Rs.1.67 LakhRs.31,872
MG Hector Hybrid Super MT9.800000190734863Rs.1.64 LakhRs.31,321
MG Hector Super Diesel MT9.800000190734863Rs.1.79 LakhRs.34,084

Read More

Calculate your Loan EMI for Hector

Down PaymentRs.0
0Rs.0
Bank Interest Rate 8 %
8%22%
Loan Period ( Years )
  • Total Loan AmountRs.0
  • Payable AmountRs.0
  • You''ll pay extraRs.0
EMIper month
Rs0
Calculated on On Road Price
Get Bank Quotation
At CarDekho, we can help you get the best deal on your loans. Please call us on 1800 200 3000 for help.
space Image
space Image
Not Sure, Which car to buy?

Let us help you find the dream car

Find EMI of Hector Alternatives

*Ex-showroom Price in New Delhi

MG Hector User Reviews

4.7/5
Based on1074 User reviews
  • All (1074)
  • Looks (326)
  • Price (237)
  • Comfort (173)
  • Interior (152)
  • Sunroof (120)
  • Engine (112)
  • Space (99)
  • More ...
  • LATEST
  • HELPFUL
  • VERIFIED
  • CRITICAL
  • Best In Segment.

    It's the best in this segment. Always I get 15 plus mileage. More than that it's cheaper in maintaining and service, 3rd service almost done last month. always feel safe ...Read More

    By rupesh kumar singh
    On: Oct 19, 2020 | 288 Views
  • Best Family Car.

    Classic and Stylish family car. Good for self-driving, Response from the MG team is top-notch for any small queries.

    By prasanna raghavan
    On: Oct 15, 2020 | 20 Views
  • Average Car.

    Never Go for Hector, it's poor in quality. The touch display not responsive, also Tyre grip is not enough, Moreover being Chinese Owned vehicle low Quality is well-reflec...Read More

    By abraham p
    On: Sep 29, 2020 | 1281 Views
  • Good Car Without Turbo Power Feel

    MG petrol hybrid not working as expected. Turbo petrol has no power till 2500rpm and not pulling as expected. As a turbocharged engine expecting the turbo to kick below o...Read More

    By devanathan janakiraman
    On: Sep 29, 2020 | 120 Views
  • Excellent Car.

    Excellent car and fabulous interior the night drive will make you a fan of this car and the sound system is too good.

    By tiger palace
    On: Sep 26, 2020 | 40 Views
  • View All Hector Reviews

Frequently Asked Questions On Hector Emi

What will be the lowest down payment for MG Hector?

The lenders generally finance 90% of the On-Road Price of the MG Hector. Some customers might be eligible for 100% funding, too. Down payment is the difference between the On-Road Price of the MG Hector and the amount funded by the lender.

What will be the monthly EMI for the MG Hector?

EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for the MG Hector can be calculated using the following formula:

{P x R x (1+R)^N / [(1+R)^N-1]}

where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.

For Example:- If the principal amount for a car loan is Rs. 13.41 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 28,362. The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 9.8% per annum, then R= 9.8/12 = 0.81%/month .

What will be the interest rate for the MG Hector?

Interest rate for the MG Hector primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 8.75% per annum to 11.50% per annum. If a customer holds an account with the financier then he may have a pre-approved new car loan offer available for him which can be verified by logging into his account. Customers can also negotiate with the financier for a better rate of interest against their loan amount.

What will be the EMI for 5 years tenure for the MG Hector?

EMI for the MG Hector for 5 years tenure can be calculated as per the following formula:-

{P x R x (1+R)^N / [(1+R)^N-1]}

Where, P = Principal amount of the loan, R = Rate of interest, N = Number of monthly installments which will be per month in case of 5 years tenure.

Running cost of your car

KM driven per day20 km/day
Monthly fuel costRs.0* / month

Popular Cars

Trending MG Cars

  • Popular
  • Upcoming
  • MG G10
    MG G10
    Rs.25.00 Lakh*
    Expected Launch: Apr 10, 2021
  • MG 3
    MG 3
    Rs.6.00 Lakh*
    Expected Launch: Dec 12, 2021
  • MG RX5
    MG RX5
    Rs.14.00 Lakh*
    Expected Launch: Mar 06, 2021
  • MG Marvel X
    MG Marvel X
    Rs.30.00 Lakh*
    Expected Launch: Dec 15, 2021
  • MG RC-6
    MG RC-6
    Rs.18.00 Lakh*
    Expected Launch: Oct 15, 2021

Disclaimer : As per the information entered by you the calculation is performed by EMI Calculator and the amount of installments does not include any other fees charged by the financial institution / banks like processing fee, file charges, etc. The amount is in Indian Rupee rounded off to the nearest Rupee. Depending upon type and use of vehicle, regional lender requirements and the strength of your credit, actual down payment and resulting monthly payments may vary. Exact monthly installments can be found out from the financial institution.

Read More
×
Which is your city ?