MG Motor India launches MG e-Pay online auto finance platform



MG Motor India today launched MG e-Pay, an online car finance platform for end-to-end online auto finance solutions. MG states that the platform has been built to offer transparent and convenient online car purchase solutions to help customers with flexible, transparent, and quick loan approvals.
MG has partnered with ICICI Bank, HDFC Bank, Kotak Mahindra Prime and Axis Bank to offer customized and quick financing options under MG e-Pay. MG’s car finance platform will be available to both online and offline customers.
The company states that it has augmented the digital car exploration and buying experience for the new-age customers with eXpert and e-Pay. While eXpert provides a customer a digital car-buying experience, e-Pay enhances it by adding flexibility in online financing solutions.
MG e-Pay aims to simplify the customer’s purchase experience in seven simple steps. Customers now have a choice to book MG cars online or at their nearest MG Dealerships, customizing their cars with accessories, merchandise, protection plans, etc.
The customer first needs to select the car and dealership for their choice, fill out the booking form and pay the booking amount. Once they receive pre-approved loan offers from their bank, they can proceed to apply for a loan. After receiving loan approval on the website and paying the down payment, the bank will disburse the loan in a stipulated period, and the customer will receive the vehicle at their doorstep.
Moreover, customers have access to pre-approved loan offers from multiple financiers and can customize the loan tenure, amount, and rate of interest. They can avail these financial services online and also track loan approval status and sanction letters in real-time.
To know more about the MG e-Pay, customers can visit MG’s official website.


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