Mobilink Bank Launches E-Bike Loan Financing Deals

Jawad

06 Aug 2024

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Mobilink Bank Launches E-Bike Loan Financing Deals

Mobilink Bank has launched an E-Bike loan initiative to promote eco-friendly transportation. The initiative, developed through a Memorandum of Understanding (MoU) with PakZon Electric Motors, Pakistan's leading electric bike manufacturer, aims to make electric bikes accessible and affordable. This collaboration offers various incentives to customers, including a 6% discount on E-bikes purchased from PakZon dealerships, three free checkups, and a one-year battery warranty for different vehicle types.

Benefits for Customers

The bank's offer provides exclusive benefits to customers, making E-bike ownership more convenient and cost-effective. In addition to the discount, customers receive three complimentary maintenance checkups at PakZon 3S dealerships and a one-year battery warranty. These perks are designed to encourage more people to adopt electric vehicles, contributing to a cleaner environment.

Strategic Expansion in Green Financing

As part of the VEON group, Mobilink Bank is expanding its retail lending portfolio by introducing green financing options. The E-Bike Loan is a strategic move to support sustainable transportation. The initiative particularly targets women, promoting empowerment and self-reliance by providing easy access to eco-friendly transportation options.

Commitment to Sustainability

Under the 'Change to Sustain' program, Mobilink Bank is dedicated to reducing its carbon footprint and supporting customers in doing the same. The E-Bike loan program is part of a broader effort to promote sustainability. Atta-ur-Rehman, Chief Business Officer of Mobilink Bank, emphasized that the initiative aims to break down gender barriers and encourage equitable access to resources, contributing to a greener future.

Collaborative Vision for Innovation

Shahzaib Amjad, Managing Director of PakZon Electric Motors, expressed confidence in the partnership's potential for innovation and mutual growth. The collaboration is expected to drive significant advancements in the electric vehicle sector. Additionally, Mobilink Bank is allocating PKR 2.5 billion towards renewable energy financing and the solarization of fifteen branches in 2024, further solidifying its commitment to environmental stewardship.

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