Bankislami And MG Offer Lowest Auto Financing Rates

Karachi: BankIslami and MG Motors Pakistan have partnered to offer the lowest Shariah-compliant auto financing rates in the Pakistani market, starting at 4.99% (equivalent to a 1-year rate of 1.49%). This groundbreaking collaboration promises to reshape auto financing accessibility for Pakistani consumers.

The joint venture offers same-day processing and rapid approvals for financing up to and exceeding PKR 3 million. Flexible tenure choices are also available: 9.99% for 2 years and 11.75% for 3 years.

The program emphasizes transparency with its Shariah-compliant structure and provides attractive insurance coverage through BankIslami’s affiliated insurance providers. This offer applies to specific MG models, including the MG HS and the MG HS Plug-in Hybrid Electric Vehicle (PHEV), appealing to buyers seeking a combination of contemporary design, advanced engineering, and environmentally conscious transport.

Syed Asif Ahmed, General Manager, Marketing Division, MG Motors Pakistan, stated that the alliance with BankIslami reinforces their commitment to making high-quality vehicles accessible to a wider customer base in Pakistan. He highlighted the opportunity for consumers to experience MG’s leading-edge technology and eco-friendly automobiles while benefiting from the most competitive financing rates in a Shariah-compliant framework.