MG Gloster Car Loan

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MG Gloster Car Loan

Car Loan for MG Gloster: Features & Benefits

MG Gloster Car Loan Interest Rate 7.35%* per annum
MG Gloster Car Loan Min Loan Amount ₹ 100,000
MG Gloster Car Loan Max Loan Amount Loan up to 90% of On Road Price
(Loan to Value) or 100% of Ex-showroom Price
MG Gloster 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 Gloster 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 Gloster 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 Gloster Car Loan EMI Calculator

MG Gloster Car Loan EMI at Rs 67,194 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 31.77 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 Gloster. To check your EMI visit the Dialabank EMI Calculator page.

MG Gloster 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 Gloster 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 Gloster 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 Gloster Car Loan Interest Rate, Fees, and Charges

Charges New Car Loan Used Car Loan
MG Gloster Car loan Interest Rate 7.35% 11.80% p.a. to 13.80% p.a.
MG Gloster Car loan Processing fee 0.40% 0.40%
Issuance of Duplicate Repayment Schedule Charges Around Rs.500 Around Rs.500
MG Gloster Car loan Foreclosure Charges 6% 6%
Penal Interest 2% PM 2% PM
MG Gloster 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 Gloster Car Loan

MG Gloster 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 Gloster 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 Gloster Car Loan Self-Employed Non-Individuals

MG Gloster 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 Gloster 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 Gloster

MG Gloster Car Loan Price – Rs. 29.98 – 36.88 Lakh

MG Gloster Price

The price of MG Gloster starts from Rs. 29.98 lakh and increases to Rs. 36.88 lakh. MG Gloster has 5 variants: The basic Gloster model is Super 7-Str, and the top variant MG Gloster Savvy 6-Str, has a price tag of Rs 36.88 Lakh.

Prices of MG Gloster Exshowroom Delhi

Variants Price
Gloster Super 7-Str1996 cc, Automatic, Diesel, 14.5 kmpl Rs.29.98 Lakh
Gloster Smart 6-Str1996 cc, Automatic, Diesel, 14.5 kmpl Rs.31.98 Lakh
Gloster Sharp 7-Str1996 cc, Automatic, Diesel, 12.4 kmpl Rs.35.38 Lakh
Gloster Sharp 6-Str1996 cc, Automatic, Diesel, 12.4 kmpl Rs.35.38 Lakh
Gloster Savvy 6-Str1996 cc, Automatic, Diesel, 12.4 kmpl Rs.36.88 Lakh

Down payment required for MG Gloster Car Loan

Lenders typically fund 90% of the street price of the MG Gloster. Some consumers may also be eligible for 100% funding. The down payment is the difference between the street price of the MG Gloster and the loan amount. Customers can also negotiate a lower interest rate on their loan with the lender. Lenders usually fund 90% of the price of the MG Gloster On-Road. Entitlement to 100% financing.

About MG Gloster

MG Gloster is a 7-seater SUV available in a price range from 29.98 to 36.88 lakh *. It is available in 5 variants, a 1996 cc, a BS6 and a single automatic transmission. Other important features of the Gloster are the curb weight of litres, the ground clearance and the trunk. The Gloster is available in 4 colours. 96+ user reviews based on mileage, performance, price and general user experience of MG Gloster.

In China, the Gloster is powered by a 2.0-litre turbo gasoline engine that can produce 221 hp and 360 Nm of torque. This engine is offered with a six-speed manual transmission and a six-speed automatic transmission. Gloster is equipped with functions such as a 12.3-inch touchscreen infotainment system, a panoramic sliding roof, a 360-degree camera, three-zone climate control and a fully digital 8-inch instrument panel.

MG Gloster Mileage

The MG Gloster mileage is 12.4 to 14.5 kmpl. The Automatic Diesel variant has a mileage of 14.5 kmpl.

Fuel Type Transmission ARAI Mileage City Mileage Highway Mileage
Diesel Automatic 14.5 kmpl 9.48 kmpl 10.08 kmpl

How to get MG Gloster 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 Gloster News

MG Motor India and Devnandan Gases achieve oxygen production growth of more than 15 per cent.

The second wave of the COVID-19 pandemic put a lot of pressure on our medical infrastructure. The motor has partnered with Gujarat’s Devnandan Gases to increase medical oxygen production. The automaker announced that the association has increased oxygen production by more than 15 per cent in just one week.
MG’s flagship SUV reaches up to Rs 80,000

 

  • No change in the price of the entry-level Super 7-seater variant.
  • The highly specified 6-seater Savvy variant sees a maximum increase of Rs 80,000.
  • Specification 6 and 7 seater Sharp variants for Rs 70,000.
  • The Gloster now costs 29.98 lakh and 36.88 lakh (from the showroom).

FAQs

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

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

How big are MG Gloster tires?

MG Gloster has a tire size of 255/55 R19.

What are the specifications of the music system?

Radio, front speakers, rear speakers, integrated 2DIN audio, cordless phone charging, USB and Aux-In, Bluetooth connectivity, touchscreen, Android Auto, Apple CarPlay.

What is the curb weight of the MG Gloster?

The curb weight of the MG Gloster is.

Does the MG Gloster have automatic air conditioning?

MG Gloster has 3 zones.

Does the MG Gloster have a sunroof?

MG Gloster has no sunroof.