MCB Islamic Bank has launched a fixed-rate fleet financing program for the Omoda E5 and Jaecoo J6 electric SUVs, offering businesses a structured, Shariah-compliant solution for vehicle procurement. The initiative is available until September 30, 2025, under the bank’s MICAR financing framework.
Financing Details
- For up to 3 years: Fixed rate at 11.99%
- Above 3 years: Fixed rate at 12.99%
- Takaful (Islamic insurance) rate: 1.5%, covering comprehensive insurance
Highlights of the Offer
- Shariah-compliant financing ensures alignment with Islamic financial principles
- Priority delivery for fleet purchasers
- Streamlined application process, aimed at minimizing delays
Application & Contact Information
Interested parties can apply or seek further details via the following:
- Website: MCB Islamic Consumer Finance – MICAR
- Phone: 042-111-222-642
- Branches: Available at any MCB Islamic Bank branch nationwide
Omoda E5 Specifications
The Omoda E5 is a front-wheel-drive electric SUV powered by a 150 kW permanent magnet synchronous motor and a 61 kWh lithium iron phosphate battery. It offers an NEDC range of up to 505 kilometers. Safety and convenience features include six airbags, electronic stability control, a 360-degree camera system, ISOFIX child seat anchors, and voice-activated controls. The model is priced at approximately Rs 8.99 million, with bookings starting at Rs 1.7 million.
Jaecoo J6 Specifications
The Jaecoo J6 is based on Chery’s iCar 03 EV platform and comes in multiple variants, with prices ranging from Rs 8.8 million to Rs 10.8 million, depending on battery capacity and drivetrain configuration. The SUV features modern safety systems, digital infotainment, and off-road driving modes.
Too expensive. Can’t