Mobilink Bank launches e-bike loans with PakZon Electric

MG News | August 09, 2024 at 10:19 AM GMT+05:00

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August 09, 2024 (MLN): In a significant development, Mobilink Bank has announced the launch of E-Bike loans through a Memorandum of Understanding (MoU) with PakZon Electric Motors (Pvt) Ltd, according to a news release.

This initiative is aimed at empowering individuals with accessible and eco-friendly transportation options.

Through this offer, the Bank is extending exclusive benefits to all its customers, including a 6% discount on E-bikes purchased through PakZon dealerships, three complimentary checkups at PakZon 3S dealerships, and a one-year battery warranty for two, three and four-wheelers, as APP reported.

These benefits are designed to make E-bike ownership more affordable and convenient.

Mobilink Bank is part of the VEON group, a global digital operator that provides converged connectivity and digital services to nearly 160 million customers in six dynamic markets that are home to 7% of the world’s population.

Mobilink Bank’s E-Bike Loan is a strategic expansion of its retail lending portfolio, marking a foray into the growing green financing sector. By offering hassle-free financing solutions, the Bank drives sustainable transportation adoption and enables individuals, particularly women, to make informed choices about their mobility needs.

“As part of our ‘Change to Sustain’ program, we are committed to reducing our carbon footprint and enabling our customers to do the same,” shared Atta-ur-Rehman, Chief Business Officer Mobilink Bank.

Through this initiative, the Bank is dedicated to expanding E-bike adoption, reducing carbon emissions and enhancing urban mobility. By increasing E-bike penetration, particularly in urban areas, the initiative is committed to achieving a 100-metric-ton reduction in CO2 emissions within the next two years.

The Bank’s steadfast commitment to environmental stewardship is further solidified by allocating Rs2.5 billion to renewable energy financing and solarization of fifteen branches in 2024.

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