MG Motor introduces one-stop digital car finance platform

MG Motor has rolled out its one-stop digital car finance platform, MG ePay, which the company claims will offer an end-to-end online auto finance journey with instant approvals. The Indian arm of the Chinese carmaking giant revealed that it has partnered with various banks including ICICI, HDFC, Kotak Mahindra and Axis to offer customised and instant financing options under MG e-Pay. 

Gaurav Gupta, Chief Commercial Officer at MG Motor, said, “After effectively catering to over a million customers through the MG online buying platform, we intend to take a step further and simplify customer journey to avail suitable financing options for buying cars online.”   

MG Motor has also claimed that it has enhanced the digital car exploration and buying experience for its customers with eXpert and e-Pay. While eXpert takes a customer on a journey to get a holistic digital experience, e-Pay enhances it by adding flexibility in online financing solutions, making the journey from discovery to delivery customisable and customer-centric, as claimed by the company.   

“MG e-Pay will simplify the customer purchase journey in 5 clicks and 7 simple steps. Customers now have a choice to book MG cars online or at their nearest MG dealerships, customising their cars with accessories, merchandise, protect plans, etc.,” the company said in a statement. 

Further, customers have access to pre-approved loan offers from multiple financiers and can customise the loan tenure, amount, and rate of interest. Customers can avail these financial services online without stepping out of their homes. They can also track loan approval status and sanction letters in real-time and receive their new cars at their doorsteps, the statement further read.