Fuel price growth has been difficult in the last year, leading motorists to look into electric bikes as an option.
Meezan Bank, seeing an opportunity, has established an installment plan for electric motorcycles (e-bikes). The offer is intended to compete with those of other bike manufacturers and is available on all motorcycles, both petrol and electric.
The following are the benefits and conditions of the service:
- Only Meezan Bank debit and credit cardholders have access to this feature.
- A two-year financing duration is possible.
- Downpayment: A minimum of 15% of the vehicle’s cost and a maximum of 50% of the bike’s cost.
- Monthly payments as low as Rs. 7,461 are available.
- There is a non-refundable processing charge of Rs. 1,800.
- Transfer of ownership is immediate.
Other bike manufacturers, such as Atlas Honda, Yamaha, and Suzuki, have also introduced specific payment programs for their models. However, increased petrol and bike prices have hampered their sales in recent months.
E-bikes are steadily gaining popularity among Pakistanis, but with the knowledge that petrol-powered bikes are still superior for longer journeys.
