E Bike Loan

Product Description

Take the first step towards a greener and more aﬀordable transportation solution. Our E-Bike Financing program is designed to make your dream ride a reality.

Loan Amount

Up to Rs. 500,000/-

Loan Tenure

Upto 3 Years

Down Payment

10% to 30%

Age: 18-64 years (Age at Maturity of Loan should not exceed 72 Years) , Household annual income less than Rs. 1,500,000/- (Net of business expenses)
Businessman / SEP: Experience of minimum of 2 Years required
Salaried: Minimum 02 years regular/confirmed employee with current organization
Loan Limit: PKR 50,000 - 500,000
Tenure: 1-3 years
Min down payment: 10% to 30%
Repayment Mode: Equal Monthly Installments EMI
Free credit life insurance

Enjoy a 6% discount on bikes from partner dealerships/li>
Complimentary Checkups: Customers will receive 2–3 free checkups at partner dealerships.*
Extended Battery Warranty: Customers can beneﬁt from a 1 to 1.5-year battery warranty for electric scooters*
Hassle-Free Registration: Customers will receive assistance with vehicle registration

Free Online OPD
Consultations Discounted Surgeries
Discounted Lab Reports
Discounted Medicines
Accidental Insurance**

Copy of valid Computerized National identity Card (CNIC) or Smart CNIC.
1 recent passport size photograph of the Customer.
Copy of valid Driving License/Learner’s Permit of Customer.
Customer CIR or Data check Report
2 references.
- One from Organization / Local Market
- second from outside (relatives/friends/etc.)
Valid Quotation of Authorized dealers of E bikes / MMBL Partner in name of customer along-with price list.
Proof of Employment / Employer Certificate/ Joining Letter/Payslip (in-case of Government Employee)
Last 3 Salary Slips (duly attested) in case of salaried customer
Proof of Business/ undertaking for running business for self-employed persons (Physical verification through VO)
Proof of registration with Ride Hailing Companies along-with one-year account statement.
Account Maintenance Letter is required if salary is maintained in another bank.
6 months Account Statement (duly attested) also required showing salary disbursement.