MG Hector EMI Calculator

Updated on October 2026

MG Hector EMI starts at ₹22,862 per month for the Style petrol (₹12.14 Lakh ex-showroom, ₹14.55 Lakh on-road Delhi), on a ₹10.64 Lakh loan at 10.5% for 60 months. Down payment: ₹3.92 Lakh. Total interest: ₹3.08 Lakh. The top BLACKSTORM costs ₹37,737/month.

Also see: Hector On-road price | Hector Variants | Hector Mileage

MG Hector EMI and Down Payment

Ex-showroom

: Rs. 12,14,000

On-road price

: Rs. 14,55,273 (Delhi)

Loan amount

: Rs. 10,63,666 (On-road price - Down payment)

Down payment

: Rs. 3,91,607 (Amount paid upfront)

Monthly EMI

: Rs. 22,862 (For Tenure of 60 months @ 10.5%; banks start from 8.7%)

Insurance

: Rs. 57,433

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MG Hector Car Loan EMI Calculator

Variant: Style
On-road price (Delhi): Rs. 14,55,273
Down payment: Rs. 3,91,607
Loan amount: Rs. 10,63,666
Interest rate: 10.5%
Tenure: 60 months
Monthly EMI: Rs. 22,862

EMI in advance: You pay one EMI instalment in advance to the bank. This amount is deducted from the loan amount disbursed to the dealer. Thus it gets added to the down payment that you are to make.
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EMI in arrears: You don't make any advance EMI payments. The bank disburses the loan amount minus any other one time fees. ..Read More ..Read Less

MG Hector Car Loan EMI & Loan Breakdown

Monthly EMI

Rs. 22,862

60 months @ 10.5%

Down paymentRs. 3,91,607
Loan amountRs. 10,63,666
Total interestRs. 3,08,054
Total loan repayment (EMIs)Rs. 13,71,720
Total purchase outlayRs. 17,63,327

Total loan repayment is the EMIs only. Total purchase outlay adds the down payment, so it is what the Style costs you over the loan; it does not include insurance renewal, fuel, maintenance or lender charges other than the processing fee.

Year	Principal paid	Interest paid	Outstanding loan
Year 1 Months 1-12	Rs. 1,70,720	Rs. 1,03,624	Rs. 8,92,946
Year 2 Months 13-24	Rs. 1,89,534	Rs. 84,810	Rs. 7,03,412
Year 3 Months 25-36	Rs. 2,10,421	Rs. 63,923	Rs. 4,92,991
Year 4 Months 37-48	Rs. 2,33,610	Rs. 40,734	Rs. 2,59,381
Year 5 Months 49-60	Rs. 2,59,381	Rs. 14,963	Rs. 0

MG Hector Car Loan Interest Rates – Bank Comparison

Lending Partners	Interest Rate	EMI Starting From (60 Months)
HDFC Bank	8.85% onwards	Rs. 22,003 (60 months)
ICICI Bank	9% onwards	Rs. 22,080 (60 months)
Axis Bank	9.15% onwards	Rs. 22,157 (60 months)
Bank of Baroda	8.7% onwards	Rs. 21,925 (60 months)

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MG Hector EMI by Loan Tenure

For a Rs. 10,63,666 loan on the Style petrol at 10.5%.

Tenure	EMI	Total Interest	Total Payable
36 months	Rs. 34,572	Rs. 1,80,926	Rs. 12,44,592
48 months	Rs. 27,233	Rs. 2,43,518	Rs. 13,07,184
60 months	Rs. 22,862	Rs. 3,08,054	Rs. 13,71,720
84 months	Rs. 17,934	Rs. 4,42,790	Rs. 15,06,456

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MG Hector

4.0 97 user reviews

Starts at ₹ 12.14 Lakh

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MG Hector Variant-Wise EMI

On-road prices in Delhi. Every variant uses the same rule: the loan runs 60 months at 10.5%, and the down payment is the on-road price minus the loan.

Hector Variants	Fuel/Transmission	Ex-showroom	On-road Price	Loan @10.5%	Down Payment	EMI (60 months)
Style	Petrol / Manual	Rs. 12,14,000	Rs. 14,55,273	Rs. 10,63,666	Rs. 3,91,607	Rs. 22,862
Select Pro	Petrol / Manual	Rs. 14,94,800	Rs. 17,79,895	Rs. 13,10,954	Rs. 4,68,941	Rs. 28,178
Smart Pro	Petrol / Manual	Rs. 15,94,800	Rs. 18,94,276	Rs. 13,99,019	Rs. 4,95,257	Rs. 30,070
Smart Pro CVT	Petrol / Automatic	Rs. 17,14,800	Rs. 20,31,492	Rs. 15,04,698	Rs. 5,26,794	Rs. 32,342
Sharp Pro	Petrol / Manual	Rs. 17,64,800	Rs. 20,88,732	Rs. 15,48,731	Rs. 5,40,001	Rs. 33,288
Sharp Pro CVT	Petrol / Automatic	Rs. 18,74,800	Rs. 22,14,080	Rs. 16,45,603	Rs. 5,68,477	Rs. 35,370
Savvy Pro CVT	Petrol / Automatic	Rs. 19,64,800	Rs. 23,17,293	Rs. 17,24,862	Rs. 5,92,431	Rs. 37,074
BLACKSTORM	Petrol / Automatic	Rs. 19,99,800	Rs. 23,10,931	Rs. 17,55,685	Rs. 5,55,246	Rs. 37,737
SNOWSTORM	Petrol / Automatic	Rs. 19,99,800	Rs. 23,10,931	Rs. 17,55,685	Rs. 5,55,246	Rs. 37,737

How Is the MG Hector EMI Calculated?

EMI = [P × r × (1 + r)ⁿ] ÷ [(1 + r)ⁿ − 1], where P is the loan amount, r is the monthly interest rate {(annual rate ÷ 12) ÷ 100} and n is the tenure in months. For the Style petrol variant: P = ₹10.64 Lakh, r = (10.5 ÷ 12) ÷ 100 = 0.00875 and n = 60 months, which gives an EMI of ₹22,862.

The calculation starts from the Delhi on-road price of ₹14.55 Lakh (ex-showroom ₹12.14 Lakh plus insurance, RTO and other charges).

Factors That Affect Your MG Hector Loan EMI

Down payment: Every ₹1 lakh of extra down payment lowers the EMI by about ₹2,149 at 10.5% for 60 months.
Interest rate: A rate 1% higher adds about ₹531 to the EMI on a ₹10.64 Lakh loan. Starting rates from the banks on this page range from 8.7% to 9.15%.
Loan tenure: Over 36 months the EMI is ₹34,572; over 84 months it drops to ₹17,934 but you pay ₹2.62 Lakh more in interest.
Variant and city: In Delhi the EMI ranges from ₹22,862 (Style petrol) to ₹37,737 (BLACKSTORM). The on-road price, and with it the loan, changes from city to city with RTO charges and insurance.

EMI of MG Hector Rivals – Scorpio N, Innova Crysta

Starting EMI of each model's base variant, worked out the same way as the MG Hector: the down payment is the on-road price minus the loan.

Model	On-road Price	EMI	Tenure	Interest Rate	Compare
Mahindra Scorpio N Z2	Rs. 16,06,405	Rs. 25,796	60 months	10.5%	Compare with Hector
MG Hector Plus Sharp Pro	Rs. 20,68,813	Rs. 32,989	60 months	10.5%	Compare with Hector
Toyota Innova Crysta 2.4 GX 7Str	Rs. 24,97,730	Rs. 37,646	60 months	10.5%	Compare with Hector

Frequently Asked Questions About MG Hector EMI

What is the monthly EMI for the MG Hector?

₹22,862 a month for the Style petrol, on a ₹10.64 Lakh loan at 10.5% for 5 years. The top BLACKSTORM works out to ₹37,737.

How much down payment is required for the MG Hector?

About ₹3.92 Lakh for the Style petrol in Delhi. That's the on-road price of ₹14.55 Lakh minus the ₹10.64 Lakh loan.

How does the loan tenure affect the MG Hector EMI?

Over 3 years the EMI is ₹34,572 and you pay ₹1.81 Lakh in interest. Stretch it to 7 years and the EMI drops to ₹17,934, but interest rises to ₹4.43 Lakh.