BankIslami, Pakistan’s leading Islamic bank, has announced a special collaboration with MG Motors Pakistan, offering customers the most competitive Shariah-compliant auto financing package in the industry.
With an unprecedented rental rate starting from just 4.99% (1-year equivalent rate 1.49%), BankIslami’s MG financing offer sets a new benchmark in affordability and convenience for auto consumers.
This exclusive campaign provides customers with same-day processing and quick approvals, financing of up to PKR 3 million and beyond.
It also offers flexible tenure options of two years at 9.99% and three years at 11.75%, a shariah-compliant solution ensuring complete transparency and attractive coverage plans through BankIslami’s panel insurance partners.
The offer is available on select MG models, including the MG HS and MG HS Plug-in Hybrid Electric Vehicle (PHEV), catering to customers who seek a perfect balance of modern design, advanced technology, and eco-friendly mobility.
GM Motors Pakistan:
Speaking about the collaboration, Syed Asif Ahmed, General Manager, Marketing Division, MG Motors Pakistan, said:
“This partnership with BankIslami further strengthens our vision of making premium mobility accessible for more people in Pakistan. Customers now have the opportunity to enjoy MG’s cutting-edge technology and eco-friendly vehicles, while benefiting from the industry’s lowest financing rates in a fully Shariah-compliant manner. It’s a win-win for innovation, affordability, and customer convenience.”
Meanwhile past month on August 22, Soneri Bank had announced a special collaboration with MG Motors Pakistan. The bank offered customers the most competitive auto financing package under the conventional and Islamic financing facilities.
“With an unprecedented financing rate starting from 1 Year KIBOR + 2 percent, Soneri Bank and MG financing offer sets a new benchmark in affordability and convenience for auto consumers.”
The Bank has also offered an insurance rate of 1.5 percent with a tracker, a 100 percent waiver of the processing fee, and a 100 percent waiver of the early settlement and balloon payment penalty.
Read more for details:
Soneri Bank, MG Introduces Lowest Auto Financing Rate, Instant Processing
