MCB Offers Interest Free E-Scooters For Card Holders

MCB Bank has launched 0%-markup, interest-free installment plans on electric scooters for MCB Visa Credit Cardholders, allowing buyers to split the full cost over 12 or 24 months with no extra charges.

The offer covers popular Benling models like the 72V 35 AH Rider (PKR 240,000) and the Eco Dost ED-70 (PKR 220,000), and is available through MCB branches and partner showrooms nationwide.

Models & Pricing

• Benling Rider (72V, 35 AH, 1 200 W) – Retailing at PKR 240,000, available on 12- or 24-month, 0%-markup plans (as low as PKR 10,000/month)

• Eco Dost ED-70 (48V, 23 AH, 400 W) – Priced at PKR 220,000, offered on 12-month, 0%-markup installments (~PKR 18,333/month).

• Other Benling Models – Including entry-level e-scooters from PKR 100,000 to PKR 150,000, all under 0% schemes for up to 24 months.

Where & When

The scheme is live now across all MCB Bank branches and authorized Benling showrooms (notably Alfa Mall outlets in Karachi, Lahore, and Islamabad), making it easy for city dwellers to “go electric” with minimal paperwork.

How to Apply

1. Visit an MCB Bank branch or any participating Benling dealer.

2. Present your MCB Visa Credit Card and a valid ID.

3. Complete a brief application; once approved, the scooter cost is charged to your card and automatically converted into equal, interest-free monthly payments.

Analysts Reactions

Financial analysts note that while the central bank’s guidelines exist, “real growth hinges on banks packaging user-friendly products”,—and MCB’s zero-interest plan is a leading example. Independent investigative journalism data shows renewable-energy financing under SBP also covers solar PV and wind, but dedicated EV schemes have lagged.

MCB’s efforts encourage urban commuters to switch from fossil-fuel bikes, supporting national targets to cut urban air pollution and CO₂ emissions, under SBP’s guidelines (Climate-Resilient Strategy for 2023–28).

This initiative bolsters Pakistan’s green-mobility push, fitting into the State Bank of Pakistan’s broader renewable-energy financing framework, which had disbursed ₨ 94.7 billion by June 2024. This disbursement was allotted for more than 4000 projects; however, uptake for electric two-wheelers remains voluntary, and banks can lend at up to 6% p.a. markup.