MG4 EV Interest-Free Installment Plans in Pakistan 2025

The MG4 EV, an electric vehicle from MG Pakistan and MG Lyallpur, is now available with interest-free installment plans in 2025. This option makes EV ownership affordable amid rising fuel costs and growing demand for green transport. Here are the details on pricing, installment plans, banks involved, eligibility, and how to apply.

MG4 EV Pricing and Variants

• MG4 (51kW): PKR 9,799,000
• MG4 (64kW): PKR 10,990,000
• Key Features: 200–281 km range, 10.25-inch touchscreen, MG Pilot safety (emergency braking, lane assist), and fast charging (10–80% in 35 minutes).

Interest-Free Installment Plans

MG offers 0% markup plans through partnerships with banks. Here are the options:

• 12-Month Plan:
  • Down Payment: 50% (PKR 4,899,500 for 51kW; PKR 5,495,000 for 64kW).
  • Monthly Installment:
    • 51kW: PKR 408,292
    • 64kW: PKR 457,917
• 18-Month Plan:
  • Down Payment: 50% (same as above).
  • Monthly Installment:
    • 51kW: PKR 279,139
    • 64kW: PKR 312,222
  • Additional Fee: PKR 250,000 (not applicable for 12-month plan).
• Special Note: Blue Chip corporate clients can reduce the down payment to 30%.

Banks Offering Installment Plans

• MG Capital Internal Financing: MG’s own financing channel provides the 0% markup plans directly, no third-party banks involved. Contact MG for details.
• Meezan Bank (Car Ijarah): Offers Shariah-compliant interest-free leasing for the MG4 EV. Down payment starts at 15–25% (adjustable), with tenures up to 7 years. Call 021-111-124-444 or visit meezanbank.com.
• Bank Alfalah: Provides interest-free plans with a 50% down payment and flexible tenures (12–18 months). Processing fees may apply (PKR 5,000–10,000). Check bankalfalah.com or call 111-225-111.
• HBL: Offers interest-free auto financing with a 50% down payment, tailored for EVs like the MG4. Tenure options include 12 and 18 months. Visit hbl.com or call 021-111-111-425.

Eligibility and How to Apply

• Who Can Apply: Individuals (50% down payment) and Blue Chip corporate clients (30% down payment). Must be 18+ with a valid CNIC and proof of income.
• Steps:
  1. Contact MG Capital (0335-7779991) or visit mgcapital.com.pk for MG’s plan.
  2. For bank plans, visit Meezan Bank, Bank Alfalah, or HBL branches with CNIC, income proof, and down payment.
  3. Submit documents and get verification (1–2 days).
  4. Sign the agreement and drive your MG4 EV.
• Availability: Offer valid while stocks last.

Tips for Buyers

• Compare Plans: MG Capital’s plan is direct, while banks offer flexibility—check processing fees.
• Charging Access: Ensure EV charging stations are near you (e.g., Karachi, Lahore).
• Budget Wisely: The 12-month plan avoids the PKR 250,000 fee but has higher monthly costs.
• Verify Stock: Confirm variant availability with dealers.
• Keep Records: Save all payment receipts.

Why It’s a Smart Choice

The MG4 EV with interest-free plans from MG Capital, Meezan Bank, Bank Alfalah, and HBL reduces the financial burden of owning an electric vehicle. With fuel savings and eco-benefits, it’s ideal for Pakistan’s urban commuters. Act fast to secure your EV!

Get Started: Call MG at 0335-7779991 or visit a bank branch today!