Access to EV, hybrid vehicles: MCB Bank, NexGen Auto launch auto financing partnership

LAHORE: MCB Bank Limited (MCB), one of Pakistan’s leading Banks, and NexGen Auto, the exclusive distributor of OMODA and JAECOO vehicles in Pakistan, have announced a strategic partnership to offer highly competitive and discounted auto financing solutions for customers purchasing the all-new JAECOO J7 SHS PHEV and other select OMODA and JAECOO models.

Through MCB’s dedicated auto financing platforms, Fleet4U for commercial and fleet buyers and Car4U for individual consumers, customers can now access attractive financing terms designed to make premium, eco-conscious mobility more affordable and accessible. Under the partnership, MCB is offering a mark-up rate of just 1-Year KIBOR + 2 percent, along with an insurance rate of one percent (without tracker, through Adamjee Insurance). NexGen Auto will provide priority delivery, a significant advantage in today’s high-demand automotive market.

Adnan Aurangzeb Khan, Head of Consumer Banking at MCB Bank, emphasized the bank’s commitment to supporting sustainable and innovative mobility while speaking at the MoU signing ceremony:

“This collaboration with NexGen Auto reflects MCB Bank’s vision to empower customers with smarter, greener and more accessible transportation choices. By offering some of the most competitive auto financing rates in the market, especially for cutting-edge vehicles like the JAECOO J7 PHEV, we’re not just financing cars; we’re accelerating Pakistan’s transition towards sustainable mobility.”

Muhammad Aqib Zulfiqar, Director at NexGen Auto also added “We’re proud to partner with MCB Bank, a trusted name in Pakistan’s financial sector, to remove barriers to ownership for our premium, technology-forward vehicles.”

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