Car Loan for MG

About Car Loan for MG

You are waiting for new MG models, want to buy a car of MG motors and don’t have money then apply for MG car loan on Dialabank. Dialabank is an Indian Financial helpline service, providing a loan to customers from different banks and NBFC’s.

Car Loan is a secured loan with the lowest interest rate. We are providing a loan with best offers and schemes like less documentation required and less processing fee.

About MG

MG Motors UK Limited is a British automotive company founded on 12 April 2006 and headquartered in Longbridge, Birmingham, United Kingdom, and a subsidiary of SAIC Motor UK. The company design develops and markets car sold under the MG Marque. It is the largest exporter of Chinese made car into the UK.

MG Motors will come to the Indian market in 2019 and their first vehicle in India will be an SUV which will be followed by an EV in 2020. They are setting up a new facility in the country in Halol, Gujarat and have plans to open 100 touch points as well as a massive flagship showroom in Gurgaon.

Their MG SUV will rival the likes of the Jeep Compass and Hyundai Tucson. The first yet to be named SUV will be locally produced at the Halol plant.

Check out top-selling MG models and apply now for a Car Loan for MG

Features and Benefits of Car Loan for MG from Dialabank

1. We offer extremely quick service to the customers
2. Loans are approved within 24 hours after the documentation process
3. The minimum loan amount is Rs 1 lakh, and maximum Loan amount depends upon the price of the car, varies with the car model, profile of the customer etc
4. The maximum loan amount is up to 90-95%% of the ex-showroom price of the car
5. LTV (Loan to value) of up to 90% of the ex-showroom price of the car
6. Repayment period ranges from 1 to 7 years
7. Prepayment is allowed after 6 months from the disbursement of the loan

Apply for a Car Loan

Car Loan for MG Interest Rates

To check Car Loan Interest Rate for all major banks you can visit: Car Loan Interest Rates

Fee & Charges

Now fulfill your dream of buying a car with Dialabank. Submit the following documents to our branch or apply online at dialabank to check your eligibility.

Car Loan for MG Eligibility criteria

The car loan eligibility requirements are as followed:

Salaried

1. Age – Minimum 21 years at the time of application upto Maximum 65 years (more than 65 years co-applicant is needed)
2. Income –Minimum Income must be Rs.2,50,000/- per annum.
3. Work Experience –A minimum of 2 years of total experience, and must have completed 1 year of service with the current employer immediately prior to application.
4. Residence stability- 2 years in the city and 1 year in the current residence or should be residing the own house

Documentation Required

Documents required for car loan are as followed:

1. 2 passport size photos
2. Identity proof- Driving License / Passport / Voter Id / Aadhar card / PAN card
3. Residence Proof- Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
4. Income Proof- Latest 3 months salary slip
5. Latest 6 months banking statements

Self-Employed

1. Age – Minimum 30 years at the time of application upto maximum 60 yrs (less than co=applicant is needed)
2. Income –A minimum net profit of Rs.2,00,000/- per annum.
3. Business Experience – 2 years of minimum business stability mitigated with proof.
4. Residence stability – 2 years in the city and 1 year in the current residence or should be residing the own house

Documentation Required

1. 2 passport size photos
2. Identity proof- Driving License / Passport / Voter Id / Aadhar card / PAN card
3. Residence Proof- Water Bills / Rental agreements / Electricity Bills / PAN card / Voter Id / Aadhar card / Driving License
4. Income Proof- Latest 2 years ITR with computation
5. Latest 6 months banking statements
6. Business Proof- CST Certificate / Labour act, Shop Establishment act / SSI Certificate, Rental deed / Utility deed in the name of the company

How to Apply?

Apply online on www.dialabank.com

Top Banks Providing Car Loan

1. HDFC Car Loan
2. Kotak Mahindra Car Loan
3. Yes Bank Car Loan
4. Private Bank Car Loan
5. Axis Bank Car Loan
6. State Bank of India Car Loan
7. Canara Bank Car Loan
8. IndusInd Bank Car Loan
9. Others

Call us on 600 11 600 (Single Number across 18 Cities)

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