Soneri Bank, MG Motors unveil competitive auto financing package

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.

 The scheme covers select MG models, including the MG HS and MG HS Plug-in Hybrid Electric Vehicle (PHEV) which appeals to customers who seek a balance of premium design, advanced technology, and eco-friendly mobility.

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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