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In a major boost to Pakistan’s electric vehicle market, Bank Alfalah has teamed up with Atlas Honda to launch an attractive interest-free installment offer for the Honda ICON-e, the company’s first fully electric scooter. This collaboration aims to make eco-friendly commuting more accessible to urban riders.
The Honda ICON-e, priced at Rs. 419,900, can now be purchased through Bank Alfalah’s Smart Banking Solution (SBS) program. Customers can choose flexible payment options from 3 to 36 months, with 0% markup on 3-month and 6-month tenures. Longer plans of up to 36 months carry minimal markup rates between 2.5% and 5.25%, making it one of the most affordable EV financing options in the market.
“This partnership reflects our commitment to driving sustainable mobility and enabling customers to experience electric innovation with ease,” said a spokesperson from Atlas Honda.
Honda ICON-e Financing Plans
| Tenure | Markup Rate | Processing Fee | Monthly Installment (Rs.) |
| 3 months | 0% | 5.00% | 139,967 |
| 6 months | 0% | 8.00% | 69,983 |
| 9 months | 2.50% | 2.50% | 54,845 |
| 12 months | 2.50% | 2.50% | 43,185 |
| 18 months | 3.50% | 3.50% | 31,539 |
| 24 months | 5.00% | 5.00% | 25,729 |
| 36 months | 5.25% | 5.25% | 19,445 |
Customers can apply for the plan by contacting Bank Alfalah at 021-111-225-111 or visiting the Atlas Honda website.
The ICON-e is Atlas Honda’s first fully electric scooter, designed for city commuters who value affordability, sustainability, and performance. With its lightweight design, zero-emission powertrain, and low running cost, it’s an ideal choice for Pakistan’s evolving urban transport landscape.
The launch of the ICON-e financing offer comes as Pakistan sees rapid growth in EV adoption, with government initiatives and private sector collaborations encouraging a shift toward cleaner mobility.
