New 2022 MG ZS Electric Car Finance Options in Nepal | EMI, Interest Rate, Downpayment?

Although the most successful ZS EV in Nepal is now available in Nepal with a wider range of features than before, the price did not increase much. The company has increased the price of the new facelift model by Rs 1 lakh to Rs 51.99 lakh, while the long-range model was priced at Rs 59.99 lakh.

What are the finance facilities available for the new 2022 MG ZS EV?

At present, customers have to pay at least  11-13 percent auto loan interest rate due to the increase in bank interest rates in Nepal. However, it is relatively easy to get a loan facility in electric vehicles. In addition, customers can purchase an electric vehicle with a 20 percent down payment too. 

Customers who purchase the standard variant of the MG ZS will have to make a down payment of Rs 1,038,800, which is at least 20 percent of the value of the vehicle. If they want to take a loan for 7 years at an interest rate of 11 percent. 

After the down payment, the customer who takes this particular loan facility has to pay a monthly installment (EMI) of Rs 71,215. 

[Note: This is the general procedure when the downpayment is 20% and the Tenure Period is 7 years.]

If the customers are buying the top variant of the new MG ZS EV that costs 59.99 lakhs. Then, the payment amount will be as follow, 

Downpayment (20%): Rs. 11,99,800/-

Remaining Amount: Rs. 47,99,200/-

Interest Rate: 11%

Tenure Period: 7 years

Monthly Installment (EMI): Rs. 82,174/-

2022 MG ZS EV Specifications