Bank Alfalah, in collaboration with Atlas Honda, has introduced a new financing offer for the Honda ICON-e electric scooter, giving customers the option to buy the EV through easy monthly installments with 0% markup on select plans.
The Honda ICON-e, priced at Rs. 419,900, is available through Bank Alfalah’s Smart Banking Solution (SBS) installment program.
Customers can choose flexible payment tenures ranging from 3 to 36 months. Those opting for the 3-month or 6-month plans will benefit from 0% markup, while longer payment periods, from 9 to 36 months, carry a low markup rate between 2.5% and 5.25%, depending on the selected duration.
| Tenure | Markup Rate | Processing Fee (%) | Monthly Installment (Rs.) |
|---|---|---|---|
| 3 months | 0% | 5.00% | 139,967 |
| 6 months | 0% | 8.00% | 69,983 |
| 9 months | 2.50% | 2.50% | 54,845 |
| 12 months | 2.50% | 2.50% | 43,185 |
| 18 months | 3.50% | 3.50% | 31,539 |
| 24 months | 5.00% | 5.00% | 25,729 |
| 36 months | 5.25% | 5.25% | 19,445 |
Customers interested in booking or learning more about the plan can contact Bank Alfalah at 021-111-225-111 or visit the Atlas Honda website.
The Honda ICON-e is Atlas Honda’s first fully electric scooter, designed for urban commuters seeking a practical and cost-efficient ride. It features a sleek design, lightweight frame, and zero-emission powertrain, meeting with the growing consumer demand for electric two-wheelers in Pakistan’s major cities.