MG Motor India Launches MG E-Pay: The first Online Auto Finance Platform of Auto Industry
1 year ago
Today, on March 24, MG Motor India introduced Industry’s first online finance platform, MG e-Pay. MG e-pay is built with an aim to offer transparent and convenient online car purchase solutions. It is a one-stop online car finance platform for an end-to-end online auto finance journey with instant loan approvals. For MG e-Pay, MG has partnered with ICICI Bank, HDFC Bank, Kotak Mahindra Prime & Axis Bank to offer customized and instant financing options. This will help customers with flexible, seamless, transparent, and quick loan approvals from the comfort of their homes.
Speaking on the launch of MG ePay, Gaurav Gupta, Chief Commercial Officer – MG Motor India, said, “At MG, we are constantly innovating our digital platforms to stay connected with our customers and ensure the best-in-class experience. After effectively catering to over a million customers through the MG online buying platform, we intend to take a step further and simplify the customer journey to avail suitable financing options for buying cars online. The MG e-Pay is live on the MG website.”
How MG-e Pay will work?
MG e-Pay will simplify the customer purchase journey in 5 clicks and 7 simple steps. The customer first needs to select the car and dealership for his choice, fill out the booking form and pay the booking amount. Once he receives pre-approved loan offers from his bank, he can proceed ahead to apply for a loan by filling out the loan application. 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 his vehicle at his doorstep.