MG Hector Plus Base Variant EMI: ₹2 Lakh Down Payment, 7-Year Loan and ₹29,619 Monthly EMI
Automaker MG Motors also offers the MG Hector Plus. If you're considering buying the base variant, how much EMI will you pay after making a down payment of just ₹2 lakh? Let's find out.
One of the best manufacturers in India in the field of automobiles is MG Motors. This company sells cars in different segments. MG Hector Plus is another mid-segment SUV that is sold with the facility of being in a seven-seater version. In case you have thought of purchasing it, then here is the EMI amount per month payable post paying a down payment of ₹2 lakh.
Moreover, MG Motors offers a seven-seater version of Hector Plus as well. The base version of this car costs an ex-showroom price of ₹17.49 lakh. In case it is bought from Delhi, then the on-road price of the car would be approximately ₹20.22 lakh. This price includes the ex-showroom price of ₹17.49 lakh, as well as approximately ₹1.79 lakh for RTO and insurance charges of around ₹77,000. Along with this, there will be TCS charges of approximately ₹17,000. Additionally, you'll need to pay approximately ₹17,000 for TCS charges, bringing the on-road price to ₹20.22 lakh.
If you purchase the base variant of this car, the bank will finance the ex-showroom price. So, after making a down payment of ₹2 lakh, you'll need to finance approximately ₹18.22 lakh from the bank. If you're given ₹18.22 lakh for seven years at 9% interest, you'll have to pay a monthly EMI of only ₹29,619 for the next seven years.
