MG HS Essence 2025 Easy Installment Plans in Pakistan – Complete Guide
Would you be interested in buying the MG HS Essence in Pakistan? Here’s a simple guide on its price, installment plans, banks, and how to apply.
Price
- Base Price: PKR 8,099,000 (ex-factory)
- Final Price: Around PKR 8,260,980 (includes 2% withholding tax of PKR 161,980 for tax filers). Non-filers pay more. Add extra costs like freight, registration, and paperwork (varies by city).
Installment Plans
MG Motors Pakistan offers easy installment plans for the MG HS Essence as part of their 100-year celebration, valid until December 2024. Check with dealers for 2025 updates.
12-Month Plan
- Total Cost: PKR 8,099,000
- Down Payment: 50% (PKR 4,049,500)
- Monthly Payment: PKR 337,458
- Interest: 0% (select dealers, e.g., MG Rawalpindi)
18-Month Plan
- Total Cost: PKR 8,349,000
- Down Payment: 50% (PKR 4,174,500)
- Monthly Payment: PKR 231,917
- Interest: 0% (select dealers)
Note: You’ll pay insurance and processing fees (PKR 15,000–80,000 yearly). Plans depend on stock and may vary by dealer.
Banks Offering Plans
These banks provide car loans for the MG HS Essence:
- Bank Alfalah: 3–5 year loans, 30–50% down payment. Option for a big final payment to reduce monthly costs.
- UBL: Up to 5-year loans, 30–50% down payment, with a final payment option.
- Meezan Bank: Islamic Ijarah plans (like rent-to-own), 3–5 years, 30% down payment. Monthly payments similar to regular loans.
Note: Terms depend on your income and bank policies. Contact banks for 2025 interest rates, as they may change.
How to Apply
- Visit a Dealer: Go to an MG Motors showroom (Karachi, Lahore, Islamabad, etc.) or visit mgmotors.com.pk for dealers.
- Choose a Plan: Pick the 12- or 18-month plan or a bank loan for longer terms.
- Submit Documents: Provide CNIC, income proof (salary slips, bank statements, or business documents), and a utility bill.
- Pay Down Payment: Pay the upfront amount (e.g., PKR 4,049,500 for 12-month plan).
- Get Approved: Dealer or bank checks documents (1–2 days).
- Sign Agreement: Read and sign the loan or purchase papers.
- Take Delivery: Get your MG HS Essence. Full payment means instant delivery; partial payment may take 1–2 months if stock is low.
Tip: Book early due to limited stock. Test drives available at major dealers. Call MG Motors at 021-111-222-345 for help.
Extra Info
- Booking Fee: Around PKR 3,000,000 (confirm with dealer).
- Rivals: Compare with Hyundai Tucson, Kia Sportage, or Proton X70 for similar SUVs.
- Maintenance: Easy for oil changes, but spare parts can be hard to find, causing delays.
- Fuel: 10–12 km/L, not the best compared to rivals.
For the latest details, visit mgmotors.com.pk or contact banks like Bank Alfalah, UBL, or Meezan Bank. Always check terms with dealers or banks before signing.
