MG Hector Car Loan

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MG Hector Car Loan

Car Loan for MG Hector: Features & Benefits

MG Hector Car Loan Interest Rate 7.35%* per annum
MG Hector Car Loan Min Loan Amount ₹ 100,000
MG Hector Car Loan Max Loan Amount Loan up to 90% of On Road Price
(Loan to Value) or 100% of Ex-showroom Price
MG Hector Car Loan Tenure 1 year to 7 years
Lowest EMI / Lac ₹ 1,622
Minimum Net Monthly Income ₹ 20,000
Minimum ITR for Self Employed ₹ 2,00,000
Age Criteria Salaried: 21 years to 60 years
Self Employed: 21 years to 65 years
Types of Cars For All New Passenger Cars, Multi Utility Vehicles (MUVs), and Sport Utility Vehicle (SUVs).
MG Hector Car Loan Processing Fee 0.40% of the principal amount
Foreclosure Charges 6% (7-12 months)
Basic Documentation Address Proof, Bank Statement, Car Quotation, and ID Proof

MG Hector Car Loan Eligibility Criteria

Salaried Individual Age – 21 years to 60 years
Net Monthly Income – Minimum ₹ 20,000
Employment Duration – 1-year minimum
Income Eligibility – Based on Form 16 and salary slip
Self-Employed Individuals Age – 21-65 years of age
Minimum ITR  – Rs.2 lakh
Employment Duration – Minimum 3 years
Income Eligibility – Depends on the latest Income Tax Returns
Self-Employed Non-Individuals (Company/Partnership) Minimum ITR  – Rs. 2 lakh
Employment Duration – 3 years minimum
The applicant has to present IT returns and audited financials of 2 years with Calculated Income.
Priority Customers At least 6-month vintage
Average Quarterly Balance – 2 quarters balance at a minimum of Rs.1 lakh
Maximum Loan Amount –  3 times the Average Quarterly Balance of the last 2 Quarter

MG Hector Car Loan EMI Calculator

MG Hector Car Loan EMI starts at Rs 29,093 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 13.75 Lakh. The EMI calculator tool at Dialabank provides a detailed breakdown of the total amount payable and helps you find the best car finance for your MG Hector. To check your EMI visit the Dialabank EMI Calculator page.

MG Hector Car Loan Interest Rate, Fees, and Charges

Charges New Car Loan Used Car Loan
Interest Rate 7.35% 11.80% p.a. to 13.80% p.a.
MG Hector Car Loan Processing fee 0.40% 0.40%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
Foreclosure Charges 6% 6%
Penal Interest 2% PM 2% PM
MG Hector Car Loan Part Payment charges 6% of the amount 6% of the amount
Cheque/Instrument Swap Charge Around Rs.500 Around Rs.500
Documentation Charge Around Rs. 500 Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges Around Rs. 500 Around Rs. 500
Registration Certification Collection Charge Around Rs. 200 Around Rs. 200
Cheque Bounce/Instrument Return Charges Around Rs. 500 Around Rs. 500
Issuance of Duplicate Statement Charges Around Rs. 500 Around Rs. 500
Loan Cancellation/Re-booking Charges Around Rs. 1000 Around Rs. 1000
Issuance of Credit Report Around Rs. 50 Around Rs. 50

MG Hector Car Loan Interest Rate, Fees, and Charges

Charges New Car Loan Used Car Loan
MG Hector Car loan Interest Rate 7.35% 11.80% p.a. to 13.80% p.a.
MG Hector Car loan Processing fee 0.40% 0.40%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
MG Hector Car loan Foreclosure Charges 6% 6%
Penal Interest 2% PM 2% PM
MG Hector car loan Part Payment charges 6% of the amount 6% of the amount
Cheque/Instrument Swap Charge Around Rs.500 Around Rs.500
Documentation Charge Around Rs. 500 Around Rs. 500
Issuance of Duplicate No Dues Certificate Charges Around Rs. 500 Around Rs. 500
Registration Certification Collection Charge Around Rs. 200 Around Rs. 200
Cheque Bounce/Instrument Return Charges Around Rs. 500 Around Rs. 500
Issuance of Duplicate Statement Charges Around Rs. 500 Around Rs. 500
Loan Cancellation/Re-booking Charges Around Rs. 1000 Around Rs. 1000
Issuance of Credit Report Around Rs. 50 Around Rs 1000

Documents Required for MG Hector Car Loan

MG Hector Car Loan Salaried Individual

Category Documents Required
Identity Proof

 

(Any 1)

Passport
Voter ID
Aadhar Card
Driving License
Address Proof

 

(Any 1)

Aadhar Card
PAN
Driving License
Electricity Bill
Date of Birth Proof

 

(Any 1)

Passport
Birth Certificate
High School Marksheet
Driving Licence
Signature Proof

 

(Any 1)

PAN
Bankers Verification
Passport
Income Proof Salary Slip and latest Form No.16
Bank Statement Last 6 month Bank statement
Employment Continuity Proof Job card by NREGA
ITR of Form no. 16
Salary Slip mentioned with joining date
Letter of Appointment

MG Hector Car Loan Self-Employed Individuals

Category Documents Required
Identity Proof (Any 1) PAN Card
Passport
Voter ID
Aadhar Card
Address Proof (Any 1) PAN Card
Voter ID
Passport
Electricity Bill
Date of Birth Proof (Any 1) Birth Certificate
Passport
Driving Licence
PAN
Signature Proof (Any 1) PAN
Bankers Verification
Passport
Bank Statement Bank statement of last 6 months
Employment Continuity Proof Latest ITRs
Shop & Establishment Act Certificate
Shop & Establishment Act Certificate
Sales Tax or VAT Certificate
Business Proof Registration Certificate
Telephone Bill/Electricity Bill
Shop & Establishment Act Certificate
SSI or MSME Registration Certificate

MG Hector Car Loan Self-Employed Non-Individuals

MG Hector Car Loan Partnership Firms/Societies

Category Documents Required
Identity Proof (Any 1) Driving Licence
PAN Card
Aadhar Card
Passport
Address Proof (Any 1) Electricity Bill/Telephone Bill
Aadhar Card
Driving License
Voter ID
Income Proof Audited Balance Sheet
P&L Account
ITR for the previous 2 years
Bank Statement Last 6 month
Business Continuity Proof Company ITR of the last 2 years
Audited Balance Sheet
TAX registration Certificate
Current Account Statement
Additional documents Letter of Authority or PAN Card

MG Hector Car Loan Private Limited/Limited Companies

Category Documents Required
Identity Proof The latest copy of MOA and AOA
Copy of Incorporation
Address Proof (Any 1) SSI/MSME Registration Certificate
Telephone Bill
Electricity Bill
Shop & Establishment Act Certificate
Sales Tax Certificate
Income Proof Audited Balance Sheet
P&L Account and ITR for the previous 2 years
Bank Statement Previous 6 Months
Business Continuity Proof P&L account and
ITR of the Company of the past 2 years
Audited Balance Sheet
Shop & Establishment Act Certificate
Additional documents
List of Shareholding partners and Directors
Board Resolution
PAN Card
Certificate of Commencement of Business for Ltd. Co.

MG Hector

MG Hector Car Loan Price – Rs.13.17 – 18.85 Lakh

MG Hector Price

The price for MG Hector starts at 13.17 Rs. Lakh and goes up to 18.85 Rs. Lakh. MG Hector is offered in 13 variants. The basic model from Hector is Style MT and the top variant MG Hector Sharp Diesel MT with a price tag. from Rs.18.85 lakh.

Prices of MG Hector Exshowroom Delhi

Variants  Price
Hector Style MT Rs. 13.17 Lakh
Hector Super MT Rs. 14.16 Lakh
Hector Style Diesel MT Rs. 14.58 Lakh
Hector Hybrid Super MT Rs. 14.77 Lakh
Hector Super Diesel MT Rs.15.68 Lakh
Hector Hybrid Smart MT Rs.16.03 Lakh
Hector Smart CVT Rs.16.79 Lakh
Hector Smart DCT Rs.16.79 Lakh
Hector Hybrid Sharp MT Rs.17.37 Lakh
Hector Smart Diesel MT Rs.17.39 Lakh
Hector Sharp CVT Rs.18.37 Lakh
Hector Sharp DCT Rs.18.37 Lakh
Hector Sharp Diesel MT Rs.18.85 Lakh

Down Payment required for MG Hector Car Loan

Lenders typically fund 90% of the MG Hector retail price. Some consumers may also be eligible for 100% funding. The down payment is the difference between the MG Hector sale price and the loan amount. Customers can also negotiate a cheaper price. The interest rate on your loan from the lender. Lenders typically finance 90% of the price of the MG Hector On-Road. Right to 100% financing.

About MG Hector

MG Hector is a 5-seater SUV that is available in a price range from 13.17 to 18.85 lakh. It is available in 13 variants, 2 BS6-compliant motor options and 2 gear options: manual and automatic. Other important Hector specifications are a curb weight of 192 litres, ground clearance and a 587-litre trunk. Hector’s facelift includes the same 1.5-litre petrol 1.5-litre hybrid gasoline engine and 2.0-litre diesel engine.

A six-speed manual transmission is standard, while a DCT and CVT unit is only offered with the gas mill. Front bumper, new grille, new alloy wheels and an updated rear profile. The interior of the model is now equipped with features such as ventilated front seats, wireless charging, two-tone beige and black upholstery and leather seats. Get Hinglish voice commands, the details of which are available here.

MG Hector Mileage

MG Hector mileage starts at 13.96 kmpl and goes up to 17.41 kmpl. The mileage of Petrol Hector ranges between 13.96 kmpl – 14.16 kmpl and the mileage of Diesel Hector is 17.41 kmpl and the mileage of Hybrid Hector is 15.81 kmpl.
Fuel Type Transmission ARAI Mileage
Petrol Manual 14.16 kmpl
(1451 cc)
Hybrid (Electric + Petrol) Manual 15.81 kmpl
(1451 cc)
Diesel Manual 17.41 kmpl
(1956 cc)
Petrol Automatic (Dual Clutch) 13.96 kmpl
(1451 cc)
Petrol Automatic (CVT) 13.96 kmpl
(1451 cc)

How to get MG Hector Car Loan

  1. Visit the official page of Dialabank
  2. Go to the Car Loan option and fill up all the required information asked like name etc.
  3. Our relationship manager will get in touch with you over your application and solve all your doubts.
  4. Contact Dialabank at 9878981166 for further queries.

MG Hector News

You Can Now Control The Temperature Of Your MG Hector With An Apple Watch

MG Hector receives remote control of the weather via the Apple Watch. Now you can use the clock to turn the air conditioning on and off and set a temperature. It has other remote control functions such as engine start/stops and door lock / unlocks. Ventilated seats, panoramic sunroof, 10.4-inch touchscreen infotainment and a 360-degree camera. Price from 13.17 lakh rupees to 18.85 lakh rupees (ex-showroom).

MG Hector Gets Gloster-like ADAS Technology In Indonesia

The MG Hector, known in Indonesia as the Wuling Almaz, has just received a new high-end RS variant. MG offers the Hector according to Indian specifications with safety functions such as brake assist, up to six airbags, electronic stability control and traction control. The Hector with Indian specifications could be equipped with ADAS in the near future. When this is presented, MG Motor India is expected to price the updated SUV at a slight premium over existing prices (Rs 12.89 lakh to Rs 18.42 lakh ex-showroom).

FAQs

What is the On Road price of MG Hector?

The On road price of Hector in Delhi starts at Rs 15,13,839. The street price includes RTO fees and insurance.

What are the latest May sales on MG Hector?

For the month of May 2021, 1 offer is available at MG Hector in Delhi.

✅ What is the Minimum and Maximum Loan Amount for MG Hector Car Loan?

The minimum loan amount is Rs 100,000 and the maximum loan amount is Loan up to 90% of On Road Price.

✅ What is the MG Hector Car Loan Tenure?

1 year – 7 years is the loan tenure for MG Hector Car Loan.

Which car is better Hector or Harrier?

The Hector price starts at Rs. 13.17 from the showroom and the Harrier price starts from Rs. 14.29 from the showroom. Compare these two models based on their price, features and specifications.

What is the EMI or initial payment for MG Hector?

13.75 lakh and the initial payment is Rs 1.53 lakh.

Is the MG Hector a 5 or 7 seat SUV?

MG Hector is a 5 seater car.