About Payment, Credit check and Deposit

When will I get back the security deposit?
Security deposit will be refunded 10 days after the end of subscription tenure.
Tue, 29 Dec, 2020 at 12:38 PM
What is Reserve?
You can pay a small token amount to reserve your car and take the process of subscription ahead for detailed eligibility check and document verification. Yo...
Mon, 21 Dec, 2020 at 6:34 PM
What is e-NACH?
This payment method provides you the added convenience of paying your monthly subscription fee directly from your account. The monthly invoice amount will g...
Mon, 21 Dec, 2020 at 6:37 PM
What are the payment methods available?
For Reserve and Security deposit we accept payment from credit card, debit card, net banking and Paytm wallet. For monthly subscription payment, you need to...
Mon, 21 Dec, 2020 at 6:39 PM
When do I need to pay the monthly subscription fee?
The monthly subscription fee would be auto debited every month, from that bank account that you have got attached with the e-NACH facility with us. Make sur...
Mon, 21 Dec, 2020 at 6:39 PM
What is Experian credit score?
Experian Credit Score is a numeric summary derived from your repayment history of previous or existing loans and credit cards and from the enquiries perform...
Mon, 21 Dec, 2020 at 6:41 PM
Why is credit score required?
Credit score is required to check your eligibility for MG Motor shared subscription. This is the first step in checking your eligibility. A detailed eligibi...
Mon, 21 Dec, 2020 at 6:41 PM
I have heard checking the credit score impacts the credit score?
We perform a soft inquiry through Experian to check your Experian Credit score. It does not impact credit score.
Mon, 21 Dec, 2020 at 6:42 PM
What is Experian?
Experian is one among the SEBI and RBI approved credit rating agencies. Similar to the other credit rating agencies, Experian stores consumer information in...
Mon, 21 Dec, 2020 at 6:42 PM
I am not eligible to subscribe due to low credit score. What to do?
We have a strict eligibility criteria for MG Shared subscription and it may happen that your credit score was below the threshold. We get credit score direc...
Thu, 17 Dec, 2020 at 7:52 PM