Soneri Bank has entered into a strategic collaboration with MG Motors Pakistan, introducing one of the most competitive auto financing packages available in the market under both conventional and Islamic financing facilities.
The financing plan sets a new industry benchmark with rates starting from 1-Year KIBOR + 2%, making vehicle ownership more affordable and convenient for customers. Along with attractive financing, the package also includes an insurance rate of 1.5% with tracker, 100% waiver on processing fees, and no penalty on early settlement or balloon payments.
The exclusive offer is available on select MG models, including the MG HS and the MG HS Plug-in Hybrid Electric Vehicle (PHEV). These models are known for their modern design, cutting-edge technology, and eco-friendly performance appealing to customers seeking both style and sustainability.
Speaking about the partnership, Syed Asif Ahmed, General Manager, Marketing Division, MG Motors Pakistan, stated:
“This partnership with Soneri Bank further strengthens our vision of making premium mobility accessible to more people in Pakistan. Customers can now enjoy MG’s advanced, 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.”
This collaboration reflects a shared commitment by Soneri Bank and MG Motors Pakistan to deliver smarter, customer-focused solutions in the automotive financing landscape.
