By Admin 
MG Motors is known for its powerful and feature-loaded SUVs in India. The company’s popular mid-size SUV MG Hector is very much liked by the customers. If you are also thinking of buying the base variant of MG Hector and want to know how much EMI will have to be paid every month after low down payment, then this news is useful for you. Let us know in detail.
Price of MG Hector Base Variant
- The ex-showroom price of the base variant Style of MG Hector is Rs 11.99 lakh. If it is bought in Delhi, its on-road price comes to around Rs 13.87 lakh. This price includes RTO charge of around Rs 1.20 lakh, insurance of around Rs 57 thousand and TCS charge of around Rs 12 thousand. After adding all these expenses, the on-road price of the vehicle is decided.
How much will be the EMI after down payment of Rs 2 lakh?
- If you buy MG Hector Style variant and make a down payment of Rs 2 lakh, then you will have to take a loan of around Rs 11.87 lakh. Generally banks give loans at ex-showroom price only. If the bank gives you this amount for 7 years at an interest rate of 9 percent, then you will have to pay EMI of about Rs 19,110 every month.
How much will a car cost in 7 years?
If you pay EMI of Rs 19,110 every month for 7 years, then during this period you will pay around Rs 4.17 lakh only as interest. That means your total expenditure for MG Hector can reach around Rs 18.05 lakh by adding ex-showroom price, on-road charges and interest. However, depending on the interest rate and loan tenure, this amount may be slightly more or less.
Which SUVs competes with MG Hector?
- MG Hector falls in the mid-size SUV segment and faces tough competition in the market. It competes directly with powerful SUVs like Tata Harrier, Tata Safari, Mahindra Scorpio and Mahindra XUV700. MG Hector gives a tough challenge to all of them in terms of features and space. If you want to buy a large, feature-loaded and reliable SUV, then the base variant of MG Hector can be a good option. You can bring this SUV to your home with a down payment of only Rs 2 lakh and EMI of around Rs 19 thousand.
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