Last Updated on July 29, 2025 by Alen
MCB Bank offers zero-interest installment plans for Visa credit cardholders on select purchases, especially targeting electric scooters and motorcycles. Lawn‑term financing is also available via MCB Islamic’s MICAR auto‑finance for vehicles and Rihayesh housing finance for residences.
These plans are popular due to 0% markup offers for up to 24 months, easy eligibility, and transparent terms. They support eco‑friendly purchases and vehicle ownership with manageable monthly payments.
Also Explore: HBL Installment Plan
Electric Scooter Installment Scheme
MCB’s featured installment offer covers electric and petrol scooters for Visa credit cardholders:
- Zero markup option available for up to 24 months
- Extended tenure up to 36 months available at a small discounted markup
- Valid until June 30, 2025
- Processing fees and federal excise duty apply, per bank standard charges
- Monthly payments start from approximately PKR 10,000
- Scooter models typically cost between PKR 100,000 and 240,000
- Available through MCB branches and participating showrooms in major cities
This plan allows users to acquire scooters ethically and affordably, promoting sustainable mobility.
Motorcycle Installment Plan
A broader installment scheme covers select motorcycle brands for MCB Visa credit card customers:
- 0% markup available for durations up to 24 months
- Some promotions extend offers for up to 36 months with low markup
- Applicable to brands such as Atlas Honda, Yamaha, Road Prince, Super Power, and United
- Free helmet included with select models
- Suitable for commuters, delivery riders, and salaried individuals
- Book by visiting MCB branch or authorized dealer and completing credit card purchase conversion
This zero-interest offer reduces financial barriers to owning reliable bikes without paying upfront costs.
How the Installation Plan Works
| Step | Action |
|---|---|
| 1 | Purchase your eligible scooter or motorcycle using MCB Visa credit card |
| 2 | Choose installment tenure: up to 24 months at 0%, or 36 months at discounted markup |
| 3 | Processing fee of 3% or fixed rate, plus FED, is added to first installment |
| 4 | Bank converts transaction to EMI within a few working days |
| 5 | Monthly installment shows on credit card statement thereafter |
Bookings should be done at least 3 days before the billing cycle to ensure inclusion in the next statement and smooth processing.
MCB Islamic Vehicle Financing – MICAR
Under MICAR (MCB Islamic Car Finance), clients can finance both new and locally assembled vehicles using Shariah-compliant modes:
- Finance up to 70% of vehicle cost, capped at PKR 3 million
- Tenure up to 5 years (1,000 cc or EV) or 3 years (above 1,000 cc)
- Allowed customers: Pakistani residents, salaried (≥ PKR 60,000/month) or self-employed (≥ PKR 100,000/month), aged 25–60/70
- Payments through Diminishing Musharakah or Ijarah
- Includes comprehensive motor takaful insurance
- Options for early settlement or partial pay-back available
MICAR is ideal for customers looking to purchase cars while complying with Islamic finance principles.
MCB Islamic Housing Finance – Rihayesh
Rihayesh Housing Finance provides affordable home loans under Islamic guidelines:
- Finance up to PKR 60 million for home purchase or construction
- Plot + construction finance available up to PKR 60 million; renovation up to PKR 20 million
- Tenure ranges from 2 to 20 years
- Applicants: Salaried individuals (≥PKR 100,000/month), self-employed (≥PKR 200,000/month), aged 25–65
- Also supports foreign remittance beneficiaries and NRPs with co-applicant stipulations
Designed for long-term residential financing without interest, using Shariah-compliant structure.
Key Features & Benefits
- 0% markup offers for scooters and motorcycles up to 24 months
- Extended 36-month plans with low markup for more covering duration
- Shariah-compliant financing via MICAR and Rihayesh products
- No interest payments during the 0% period
- Flexible early settlement options (for auto and housing finance)
- Insurance coverage included in vehicle programs
- Single product qualification required: valid CNIC and active MCB Visa credit card
Who Should Consider MCB Installment Plans?
- Salaried individuals wanting eco-friendly scooters or affordable bikes without upfront strain
- Commuters who need easy monthly plans
- Religious customers seeking halal financing via auto or home plans
- Dual-income households planning vehicle or home purchases with manageable installments
Things to Keep in Mind
- Installment conversion deducts processing fee (approx. 3%) + FED upfront
- Must buy at least PKR 10,000 worth and do conversion before billing date
- Longer-term plans may carry minimal markup after zero-interest period
- Scooter and bike availability varies by city/dealer; check stock in advance
- Auto and housing finance require income proof, CNIC, salary slip/bank statement, and sometimes property documents
Real User Insight
On discussion forums, users confirm MCB’s zero markup offerings are legitimate and workable, though they caution about credit discipline and keeping balances manageable. Many still advise ensuring spending ability and avoiding minimum balance traps to prevent undue charges.
Conclusion
MCB Bank’s installment plans offer flexibility, affordability, and ethical financing options in 2025. The 0% markup installment plans for scooters and motorcycles make commuting accessible, while MICAR and Rihayesh finance provide Shariah-compliant auto and housing loans.
If you hold a valid MCB Visa credit card and need structured payment options—especially for green mobility or halal purchase financing—MCB offers reliable solutions tailored to Pakistani consumer needs.
