MCB Bank Limited has announced a strategic collaboration with NexGen Auto, the exclusive distributor of OMODA and JAECOO vehicles in Pakistan, to introduce a competitive and customer-focused auto financing program aimed at accelerating the adoption of premium hybrid and electric vehicles across the country. The partnership marks a significant milestone for Pakistan’s evolving mobility ecosystem, combining one of the country’s most recognized banking institutions with a rapidly growing automotive brand known for advanced electric and hybrid technology.
The financing initiative will extend attractive rates for customers aspiring to purchase the newly launched JAECOO J7 SHS PHEV, along with other selected OMODA and JAECOO models. With Pakistan’s automotive market increasingly transitioning toward sustainable mobility options, the collaboration is positioned to enable greater access to cutting-edge vehicles by offering more approachable and affordable payment options.
MCB Bank will channel financing through its dedicated platforms, Fleet4U for commercial entities and Car4U for retail consumers, ensuring tailored solutions based on customer needs. Under this partnership, the bank is offering a competitive mark-up of 1-Year KIBOR + 2%, coupled with an insurance rate of 1% through Adamjee Insurance. This rate structure is designed to reduce the financial burden for both individual buyers and fleet operators, making premium eco-friendly transportation a realistic choice for a wider customer base. A noteworthy benefit for buyers is priority vehicle delivery from NexGen Auto, an advantage that holds considerable value as demand for technologically advanced hybrid and EV models continues to rise across Pakistan.
Speaking at the signing ceremony, Mr. Adnan Aurangzeb Khan, Head of Consumer Banking at MCB Bank, highlighted the partnership as a forward-looking initiative aligned with Pakistan’s growing sustainability goals. He noted that the bank aims to empower consumers by supporting greener automotive options and fostering long-term mobility innovation. He emphasized that financing programs like this are not just about providing loans, but about enabling a meaningful shift toward clean energy transportation and reduced emissions.
On behalf of NexGen Auto, Director Muhammad Aqib Zulfiqar expressed enthusiasm for the partnership and reiterated the company’s mission to make high-performance, technology-driven hybrid and electric vehicles more accessible in Pakistan. He stated that by combining customer-centric financial products with advanced vehicle technology and priority delivery, the two organizations are creating a seamless buying experience from vehicle selection to final ownership.
The collaboration underscores a shared focus on innovation, convenience, and environmental stewardship. As Pakistan’s automotive industry gradually embraces hybrid and electric mobility, partnerships like this are expected to play a pivotal role in removing barriers to adoption and strengthening consumer confidence in sustainable vehicle solutions. With more consumers seeking energy-efficient transport options amid rising fuel costs and environmental awareness, the timing of this financing program aligns strongly with market sentiment.
The initiative sets a benchmark for future automotive and banking sector collaborations, emphasizing digital-enabled processes, improved customer service, and long-term value for environmentally conscious vehicle buyers.
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