MG Hector Tomahawk EV EMI Calculator


Updated on October 2026
MG Hector Tomahawk EV EMI starts at ₹36,790 per month for the Excite 7-Seater electric(battery) (₹19.50 Lakh ex-showroom, ₹20.72 Lakh on-road Delhi), on a ₹17.12 Lakh loan at 10.5% for 60 months. Down payment: ₹3.60 Lakh. Total interest: ₹4.96 Lakh. The top Essence 7-Seater costs ₹44,362/month.
Also see: Hector Tomahawk EV On-road price | Hector Tomahawk EV Variants | Hector Tomahawk EV Mileage

MG Hector Tomahawk EV Excite 7-Seater EMI & Down Payment

Ex-showroom
: Rs. 19,49,800
On-road price
: Rs. 20,71,837  (Delhi)
Loan amount
: Rs. 17,11,652  (On-road - Down payment)
Down payment
: Rs. 3,60,185  (On-road - Loan amount)
Monthly EMI
: Rs. 36,790  (For Tenure of 60 months @ 10.5%; banks start from 8.7%)
Insurance
: Rs. 97,939
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MG Hector Tomahawk EV Car Loan EMI Calculator

On-road price (Delhi)
Rs. 20,71,837
Down payment
Rs. 3,60,185
Loan amount
Rs. 17,11,652
Interest rate
10.5%
Tenure
60 months
Monthly EMI
Rs. 36,790
Total interest
Rs. 4,95,748
Total payable
Rs. 22,07,400
EMI in advance: You pay one EMI instalment in advance to the bank. This amount is EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan
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MG Hector Tomahawk EV Car Loan Interest Rates – Bank Comparison

Lending Partners Interest Rate EMI Starting From (60 Months)
Loans From HDFC BankHDFC Bank 8.85% onwards Rs. 35,407 (60 months)
Loans From ICICI BankICICI Bank 9% onwards Rs. 35,531 (60 months)
Loans From Axis BankAxis Bank 9.15% onwards Rs. 35,656 (60 months)
Loans From Bank of Baroda BankBank of Baroda 8.7% onwards Rs. 35,282 (60 months)
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MG Hector Tomahawk EV EMI by Loan Tenure

For a Rs. 17,11,652 loan on the Excite 7-Seater electric(battery) at 10.5%.

Tenure EMI Total Interest Total Payable
36 months Rs. 55,633 Rs. 2,91,136 Rs. 20,02,788
48 months Rs. 43,824 Rs. 3,91,900 Rs. 21,03,552
60 months Rs. 36,790 Rs. 4,95,748 Rs. 22,07,400
84 months Rs. 28,860 Rs. 7,12,588 Rs. 24,24,240
MG Hector Tomahawk EV
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MG Hector Tomahawk EV
4.3 1 user reviews
Starts at ₹ 19.50 Lakh
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MG Hector Tomahawk EV Variant-wise EMI & Down Payment

Hector Tomahawk EV Variants Fuel/Transmission Ex-showroom Loan @10.5% Down Payment EMI (60 months)
Excite 7-Seater Electric(Battery) / Automatic Rs. 19,49,800 Rs. 17,11,652 Rs. 3,60,185 Rs. 36,790
Exclusive 7-Seater Electric(Battery) / Automatic Rs. 21,99,800 Rs. 19,31,816 Rs. 4,01,890 Rs. 41,522
Essence 5-Seater Electric(Battery) / Automatic Rs. 22,99,800 Rs. 20,19,881 Rs. 4,18,572 Rs. 43,415
Essence 7-Seater Electric(Battery) / Automatic Rs. 23,49,800 Rs. 20,63,914 Rs. 4,26,913 Rs. 44,362

EMI of MG Hector Tomahawk EV Rivals – XEV 9S, Carens Clavis, Innova Hycross

MG Hector Tomahawk EV EMI – Frequently Asked Questions

What is the starting EMI of the MG Hector Tomahawk EV?

The MG Hector Tomahawk EV EMI starts at ₹36,790 per month for the Excite 7-Seater electric(battery) on a ₹17.12 Lakh loan at 10.5% for 60 months. Its on-road price in Delhi is ₹20.72 Lakh.

What is the minimum down payment for the MG Hector Tomahawk EV?

About ₹3.60 Lakh for the Excite 7-Seater electric(battery) in Delhi: the on-road price of ₹20.72 Lakh minus a ₹17.12 Lakh loan.

How much total interest will I pay on a MG Hector Tomahawk EV loan?

On a ₹17.12 Lakh loan at 10.5% for 60 months you pay ₹4.96 Lakh in interest, or ₹22.07 Lakh in total.

What is the MG Hector Tomahawk EV EMI for a 3-year versus a 7-year tenure?

For a ₹17.12 Lakh loan at 10.5%, the EMI is ₹55,633 per month over 3 years (₹2.91 Lakh interest) and ₹28,860 per month over 7 years (₹7.13 Lakh interest).

Which bank has the lowest interest rate for a MG Hector Tomahawk EV loan?

Of the banks listed on this page, Bank of Baroda starts lowest at 8.7%, which makes the EMI ₹35,282 per month on a ₹17.12 Lakh loan for 60 months.

What is the EMI of the top MG Hector Tomahawk EV variant?

The Essence 7-Seater costs ₹44,362 per month on a ₹20.64 Lakh loan at 10.5% for 60 months.

How is the MG Hector Tomahawk EV down payment calculated?

Down payment is the on-road price minus the loan amount. ZigWheels finances 90% of the ex-showroom price, less the processing fee and one EMI paid in advance, so the down payment covers the rest of the ex-showroom price plus insurance, registration and other on-road charges.

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MG Hector Tomahawk EV
MG Hector Tomahawk EV
4.3 1 user reviews
Starts at Rs. 19.50 Lakh
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MG Hector Tomahawk EV 2026 Brochure

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