Soneri Bank, MG Motors unveil competitive auto financing package
MG News | August 22, 2025 at 02:30 PM GMT+05:00
August 22, 2025 (MLN): Soneri Bank and MG Motors Pakistan have collaborated
to bring forward one of the most competitive auto financing packages in the
market with a financing rate starting from 1-Year KIBOR + 2%, available
under both conventional and Islamic financing facilities.
Customers can also
benefit from an insurance rate of 1.5% with tracker, along with a 100%
waiver on processing fees, and complete waivers on early settlement and
balloon payment penalties, setting a new benchmark in affordability and
convenience.
Syed Asif Ahmed, General Manager, Marketing Division, MG Motors Pakistan, speaking on the collaboration, said: “This partnership with Soneri Bank 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.”
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