Car Loan for MG ZS EV: Features & Benefits
| MG ZS EV Car Loan Interest Rate | 7.35%* per annum |
| MG ZS EV Car Loan Min Loan Amount | ₹ 100,000 |
| MG ZS EV Car Loan Max Loan Amount | Loan up to 90% of On Road Price |
| (Loan to Value) | or 100% of Ex-showroom Price |
| MG ZS EV 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 ZS EV 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 ZS EV 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 ZS EV Car Loan EMI Calculator
MG ZS EV Car Loan EMI starts at Rs 42,403 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 20.05 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 ZS EV. To check your EMI visit the Dialabank EMI Calculator page.
MG ZS EV 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 ZS EV 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 ZS EV 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 ZS EV Car Loan Interest Rate, Fees, and Charges
| Charges | New Car Loan | Used Car Loan |
| MG ZS EV Car loan Interest Rate | 7.35% | 11.80% p.a. to 13.80% p.a. |
| MG ZS EV Car loan Processing fee | 0.40% | 0.40% |
| Issuance of Duplicate Repayment Schedule Charges | Around Rs.500 | Around Rs.500 |
| MG ZS EV Car loan Foreclosure Charges | 6% | 6% |
| Penal Interest | 2% PM | 2% PM |
| MG ZS EV 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 ZS EV Car Loan
MG ZS EV 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 ZS EV 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 ZS EV Car Loan Self-Employed Non-Individuals
MG ZS EV 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 ZS EV 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 ZS EV
 |
Price – Rs.20.99 – 24.18 Lakh |
MG ZS EV Price
The price of MG ZS EV starts from Rs 20.99 and rises to Rs 24.18. MG ZS EV has 2 variants: the basic model ZS EV-Excite and the top model MG ZS EV Exclusive which comes at a price tag of Rs. 24.18 Lakh.
Prices of MG ZS EV Exshowroom Delhi
| Variants | Prices |
| Excite Automatic, Electric | Rs.20.99 Lakh |
| Exclusive Automatic, Electric | Rs.24.18 Lakh |
Down Payment required for MG ZS EV Car Loan
Lenders usually provide funds for 90% of the sales price of MG ZS EV. Some consumers may also be eligible for 100% funding. The down payment is the difference between the price of the car and the loan amount. Customers can also negotiate a lower interest rate-loan interest rate with the lender. Lenders usually have to pay 90% of MG ZS EV road expenses. Eligible for 100% financing.
About MG ZS EV
The MG ZS EV is a 5-seater SUV with prices ranging from Rs 20.99 to Rs 24.18. It has 2 types: automatic transmission and personal automatic transmission. The other main functions of the ZS EV are 470 litres of empty weight, ground clearance and luggage compartment volume. ZS EV has 3 colours to choose from. Over 81 user reviews based on mileage, performance, price and general user experience of MG ZS EV.
The main design features of the 2021 MG ZS EV include headlights, LED daytime running lights, 17-inch alloy wheels, LED taillights and an integrated rear spoiler. Inside, the model is equipped with a panoramic sliding sunroof, an 8-inch touch screen infotainment system with Apple CarPlay and Android Auto, cruise control, a three-level kinetic energy recovery system (KERS) and driving mode.
Steering, electronic parking brake, six airbags. , HSA, HDC, reversing camera and parking sensor and pedestrian warning system. The MG ZS EV is powered by a 44.5 kWh battery but still has 143 hp. And 353 Nm torque. The model has a power reserve of 419 km (instead of 340 km) and can accelerate from 0 to 100 km / h in 8.5 seconds. Charging with a 50 kW DC fast charger allows you to charge from 0% to 80% in 50 minutes, while a standard AC charger takes 6 to 8 hours to fully charge.
MG ZS EV Mileage
| Fuel Type | Transmission | Mileage |
|---|---|---|
| Electric | Automatic | 340 Km/Full Charge |
How to apply for MG ZS EV Car Loan
- Visit the official page of Dialabank
- Go to the Car Loan option and fill up all the required information asked, like name etc.
- Our relationship manager will get in touch with you over your application and solve all your doubts.
- Contact Dialabank at 9878981166 for further queries.
MG ZS EV News
2021 MG ZS Petrol Could Be Christened ‘Astor’ For The Indian Market
MG has registered a trademark called Astor in India. This may be the new name of our country’s next MG ZS. It is based on the revised ZS released at the 2020 Auto Expo. Get a 1.3-litre turbo gasoline engine with 163 horsepower. It has the ability to switch between a manual transmission and a 6-speed automatic transmission.
Car News That Mattered: Hector CVT, 2021 ZS EV, New Scorpio Base Variant Launched, Mahindra Marazzo Diesel AMT Soon
The MG ZS EV has been updated in 2021, including new features, some mechanical changes and range increases. You will also get better ground clearance, better battery placement and a higher tire aspect ratio. Try to find out more about improvements, and of course new training content.
FAQs
✅ What is the MG ZS EV’s on-road price?
The ZS EV starts at Rs. 22,07,305 on the road in Delhi. RTO fees and insurance are included in the on-road price.
✅ What are the new MG ZS EV deals for the month of May?
In Delhi, there is one bid on the MG ZS EV for the month of May 2021.
✅ What is the Minimum and Maximum Loan Amount for MG ZS EV 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 ZS EV Car Loan Tenure?
1 year – 7 years is the loan tenure for MG ZS EV Car Loan.
✅ Which Car is better ZS EV or Nexon?
The ZS EV costs Rs 20.99 lakh ex-showroom, while the Nexon costs Rs 7.19 lakh ex-showroom. Compare the prices, features, and specifications of these two models.
✅ What would the MG ZS EV’s EMI or down payment be?
MG ZS EV EMI begins at 42,403 per month for a 60-month term at 9.8% for a loan sum of Rs 20.05 lakh with a 2.23 lakh down payment.
✅ Is the MG ZS EV a 5-seater or a 7-seater SUV?
The MG ZS EV is a five-seater car that costs Rs 20.99 lakh.
