MG Hector Base Variant EMI Revealed: Monthly Cost with ₹2 Lakh Down Payment

MG Motors, one of the top automobile manufacturers in India, has a range of automobiles. The mid-size SUV, MG Hector, is also available for purchase. However, you are also interested in purchasing this vehicle. What will be the EMI you can afford to pay every month after paying a down payment of ₹2 lakhs?

The base model of the MG Hector, Style, is priced at an ex-showroom price of ₹11.99 lakh. If you are buying the vehicle, the on-road price will be around ₹13.87 lakh. This is because the ex-showroom price is included, along with RTO charges that amount to around ₹1.20 lakh. In addition, there will be insurance charges amounting to around ₹57,000. TCS charges will amount to around ₹12,000.

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 have to finance approximately ₹11.87 lakh from the bank. If you're given ₹11.87 lakh for seven years at 9% interest, you'll have to pay a monthly EMI of only ₹19,110 for the next seven years.