MG car loan and financing, 2026
By Aditya AmanPublished Sep 28, 2026Editorial PolicyLives in the Philippines and has driven nearly every Luzon expressway with his family.13 MG models, from the 3 at ₱678,888 to the Cyberster at ₱4,500,000. With 20% down over 5 years, the lowest monthly payment is ₱11,387 at UnionBank.
- Models with a price
- 13
- Price range
- ₱678,888 to ₱4,500,000
- Lowest monthly
- ₱11,387, MG 3 (20% down, 60 months, UnionBank)
- Banks named by the brand
- No standing current partner-bank list page. BPI is the only bank named on the live Rainy Day Deals / MG G50 Plus promo (Aug 3-Sep 30, 2026: "for bank details contact a BPI Account Officer"). A wider 13-bank list (BDO, Bank of China, BPI, China Bank Savings, China Banking Corporation, EastWest Bank, Maybank, PNB, PSBank, Philtrust Bank, RCBC, Security Bank, Sterling Bank of Asia) was named only at a single 2025 dealer event (MG Hybrid Experience Drive, Aug 20, 2025) and is not reproduced as a standing page. There is no 'MG Finance Philippines' entity; SAIC Motor Philippines Inc. (SMPI) is the distributor and loans are approved by the bank, not SMPI.
MG monthly payment by model
Starting price of each model and its monthly payment at UnionBank, the bank with the lowest monthly for 60 months.
| Model | Price from | 20% down | Monthly, 20% down | Monthly, 30% down |
|---|---|---|---|---|
| MG 3 | ₱678,888 | ₱135,778 | ₱11,387 | ₱9,964 |
| MG 5 | ₱698,888 | ₱139,778 | ₱11,723 | ₱10,257 |
| MG ZS | ₱838,000 | ₱167,600 | ₱14,056 | ₱12,299 |
| MG GT | ₱1,015,888 | ₱203,178 | ₱17,040 | ₱14,910 |
| MG G50 Plus | ₱1,048,888 | ₱209,778 | ₱17,593 | ₱15,394 |
| MG RX8 | ₱1,050,000 | ₱210,000 | ₱17,612 | ₱15,411 |
| MG TRQ L | ₱1,248,888 | ₱249,778 | ₱20,948 | ₱18,330 |
| MG One | ₱1,298,888 | ₱259,778 | ₱21,787 | ₱19,063 |
| MG HS Hybrid | ₱1,398,888 | ₱279,778 | ₱23,464 | ₱20,531 |
| MG 4 EV | ₱1,468,888 | ₱293,778 | ₱24,638 | ₱21,558 |
| MG ZS EV | ₱1,838,888 | ₱367,778 | ₱30,844 | ₱26,989 |
| MG Marvel R | ₱2,588,888 | ₱517,778 | ₱43,424 | ₱37,996 |
| MG Cyberster | ₱4,500,000 | ₱900,000 | ₱75,480 | ₱66,045 |
Which MG fits your budget
Set a monthly budget, down payment and term. Switch brands to compare.
₱25,000 a month finances a car up to ₱1,490,461 with 20% down over 60 months at UnionBank. 10 models fit.
MG 4 EVFrom ₱1,468,888₱24,638/mo at UnionBankCompare every bank for this car
MG HS HybridFrom ₱1,398,888₱23,464/mo at UnionBankCompare every bank for this car
MG OneFrom ₱1,298,888₱21,787/mo at UnionBankCompare every bank for this car
MG TRQ LFrom ₱1,248,888₱20,948/mo at UnionBankCompare every bank for this car
MG RX8From ₱1,050,000₱17,612/mo at UnionBankCompare every bank for this car
MG G50 PlusFrom ₱1,048,888₱17,593/mo at UnionBankCompare every bank for this car
MG GTFrom ₱1,015,888₱17,040/mo at UnionBankCompare every bank for this car
MG ZSFrom ₱838,000₱14,056/mo at UnionBankCompare every bank for this car
MG 5From ₱698,888₱11,723/mo at UnionBankCompare every bank for this car
MG 3From ₱678,888₱11,387/mo at UnionBankCompare every bank for this car
Starting prices from each model's lowest variant. Monthly payments exclude insurance and one-time charges.
How MG financing works
MG dealers arrange a bank auto loan at the showroom. What MG offers beyond that, on its own site:
- Banks named by the brand
- No standing current partner-bank list page. BPI is the only bank named on the live Rainy Day Deals / MG G50 Plus promo (Aug 3-Sep 30, 2026: "for bank details contact a BPI Account Officer"). A wider 13-bank list (BDO, Bank of China, BPI, China Bank Savings, China Banking Corporation, EastWest Bank, Maybank, PNB, PSBank, Philtrust Bank, RCBC, Security Bank, Sterling Bank of Asia) was named only at a single 2025 dealer event (MG Hybrid Experience Drive, Aug 20, 2025) and is not reproduced as a standing page. There is no 'MG Finance Philippines' entity; SAIC Motor Philippines Inc. (SMPI) is the distributor and loans are approved by the bank, not SMPI.
- Brand financing plans
- MG offers no used or certified pre-owned financing, no leasing and no a balloon payment plan of its own; its dealers finance through banks.
Promo bank lists change often. Bank vs dealer financing, compared.
Questions
How much is the monthly payment for a MG car?
With 20% down over 60 months at UnionBank, the MG 3 (from ₱678,888) costs ₱11,387 a month and the MG Cyberster (from ₱4,500,000) ₱75,480. Every model's monthly payment is in the table on this page.
Does MG have in-house financing in the Philippines?
MG dealers arrange financing through banks. No standing current partner-bank list page. BPI is the only bank named on the live Rainy Day Deals / MG G50 Plus promo (Aug 3-Sep 30, 2026: "for bank details contact a BPI Account Officer"). A wider 13-bank list (BDO, Bank of China, BPI, China Bank Savings, China Banking Corporation, EastWest Bank, Maybank, PNB, PSBank, Philtrust Bank, RCBC, Security Bank, Sterling Bank of Asia) was named only at a single 2025 dealer event (MG Hybrid Experience Drive, Aug 20, 2025) and is not reproduced as a standing page. There is no 'MG Finance Philippines' entity; SAIC Motor Philippines Inc. (SMPI) is the distributor and loans are approved by the bank, not SMPI.. Compare those banks' rates for your model before you sign.
Financing for other brands
- BMW
- BYD
- Chery
- Ford
- Foton
- GAC
- Geely
- Honda
- Hyundai
- Isuzu
- Jeep
- Kia
- Land Rover
- Lexus
- Mazda
- Mercedes-Benz
- Nissan
- Porsche
- Subaru
- Suzuki
- Volkswagen
- Volvo
Carmaker finance companies: Toyota Financial Services and Mitsubishi Motors Finance.