Soneri Bank & MG Motors Set New Benchmark with 1-Year KIBOR + 2% Auto Financing Offer

Soneri Bank has announced a special collaboration with MG Motors Pakistan, offering customers the most competitive auto financing package in the industry under the conventional and Islamic financing facilities.

With an unprecedented financing rate starting from a rate of 1 Year KIBOR + 2%, Soneri Bank and MG financing offer sets a new benchmark in affordability and convenience for auto consumers.

It also offers an Insurance rate of 1.5% with tracker,100% waiver in processing fee and 100% waiver in early settlement and balloon payment penalty.

The offer is available on select MG models, including the MG HS and MG HS Plug-in Hybrid Electric Vehicle (PHEV), catering to customers who seek a perfect balance of modern design, advanced technology, and eco-friendly mobility.

Speaking about the collaboration, Syed Asif Ahmed, General Manager, Marketing Division, MG Motors Pakistan, said: “This partnership with Soneri Bank further strengthens our vision of making premium mobility accessible for more people in Pakistan. Customers now have the opportunity to enjoy MG’s cutting-edge technology and 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.”