MG ZS EV Car Loan

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MG ZS EV Car Loan

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

MG ZS EV Car Loan 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

The mileage of MG ZS EV is 340 Km.
Fuel Type Transmission Mileage
Electric Automatic 340 Km/Full Charge

How to apply for MG ZS EV 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 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-liter 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.