What is the interest rate for a MG Hector loan?

Interest rates vary between 8.5% and 24%, depending on the bank, loan amount, and applicant profile.

What is the minimum down payment required for MG Hector?

The down payment amount starts from ₹2.20 lakh and can go up to ₹22.02 Lakh, depending on the loan terms.

Can I get a zero down payment loan for MG Hector?

Some banks offer 100% financing, but eligibility depends on your credit score and bank policies.

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MG Hector EMI Calculator

Down Payment

₹1,19,900

Bank Interest Rate

8.5%

Loan Period (Months)

Graph

Schedule

Principle Amount

₹10.79 lakh

Interest Amount

₹0

Total Amount Payable₹0

MG Hector Loan EMI Calculator

MG Hector EMI starts at just ₹ 40.66k per month, based on an interest rate of 8.5%, 5 year loan tenure, and a down payment of ₹ 2.20 lakh. MG Hector is priced between ₹ 11.99 Lakh to ₹ 18.99 Lakh (ex-showroom). Use CarBike360’s EMI calculator to get a detailed EMI breakup, including interest and other applicable charges.

Model	ROI%	Down Payment	EMI (60 months)*
MG Hector	8.5%	₹2.2	₹40.66k

MG Hector Down Payment & EMI

Variants	ROI%	Down Payment	EMI (60 Months)
100-Year Edition 2.0 Turbo Diesel MT	8.5%	2.24 lakh	₹41.45k
Smart Pro 1.5 Turbo CVT	8.5%	1.63 lakh	₹30.08k
Sharp Pro 1.5 Turbo MT	8.5%	1.68 lakh	₹31.00k
Sharp Pro 1.5 Turbo CVT	8.5%	1.81 lakh	₹33.40k
Savvy Pro 1.5 Turbo CVT	8.5%	1.90 lakh	₹35.06k
Style 1.5 Turbo MT	8.5%	1.20 lakh	₹22.14k
Select Pro 1.5 Turbo MT	8.5%	1.40 lakh	₹25.83k
Smart Pro 1.5 Turbo MT	8.5%	1.50 lakh	₹27.68k