Dawlance has signed a memorandum of understanding with MCB Bank Ltd, which will allow the Bank’s credit card consumers to avail all high-end Dawlance products at zero mark-up on 12-month and 18-month installments plans respectively. The promotion is applicable on selected Dawlance refrigerators, washing machines, deep freezers, split air conditioners and microwave ovens.
Salih Arslantas, Country Manager Dawlance, commented on this alliance, “This will further strengthen our consumer base and coalition with Pakistan’s leading private bank sector. It is a great move which won’t just benefit the two organizations, but will also benefit both our consumers a great deal.”
“The rapid burgeoning e-commerce industry of Pakistan has made life more convenient for people here”, he added saying that the zero mark-up offered by MCB Bank Ltd on different installment plans will significantly benefit end consumers.
Speaking on the occasion, Nadeem Afzal – Group Head Consumer Banking from MCB Bank Ltd said that the partnership would assist in enhancing the accessibility of the Bank’s financial services and would be equally beneficial for its consumer base, which will be able to purchase Dawlance’s quality home appliances at discounted prices.
By virtue of this MoU, MCB Bank Ltd intends to facilitate its customers as well as to boost its financial services. It’s credit card customers will be able to purchase quality home appliances from Dawlance at special discounted prices.
You failed to report that they will be charging higher than market prices for these appliances. Hence no interest.
Also did Dawlance pay you for this or MCB? Since this is not a news in any regard.
In fact Amir Motu owner of this blog site takes money from everyone as IT industry doesn’t pay him well.
How do you you know he is motu?
Dear Dawlance
First pay provident fund (clearance) to those hundreds of employees you fired after acquisition from Dawood group. That is their hard earned money.
Lolzzz. Some days ago you posted these are not totally interest free schemes as there price is higher and today posting opposite.
Raqm berhao Nawaz Sharif hum tunharay saath hain.
This is the most bizarre ploy by our banks. They portray that they don’t charge any interest / markup but in reality they have already increased the quoted price to an extent where they make their profit equivalent to or even higher than normal mark up they charge.