Bank Alfalah has introduced a new financing initiative aimed at promoting electric mobility in Pakistan by offering Yadea electric scooters on installment plans with zero percent markup for a limited tenure. The scheme allows customers to purchase electric scooters through flexible payment options, making eco-friendly transport solutions more accessible amid rising fuel costs and increasing interest in alternative mobility.
Under the programme, customers can select from a range of Yadea scooter models, including M3, Ruibin, T5, and Epoc H, with installment tenures extending from three months to as long as thirty-six months. While the zero markup offer is available for shorter durations, longer tenure plans may include a nominal processing fee depending on the selected package.
Pricing for these electric scooters varies based on specifications and performance capacity, with entry-level models starting from around Rs. 169,000 and higher-end variants reaching approximately Rs. 350,000. Monthly installment amounts differ according to tenure, offering consumers flexibility to align payments with their financial capacity. The scooters are positioned as cost-effective alternatives to conventional petrol-powered bikes, particularly for daily urban commuting.
The initiative reflects a broader push toward sustainable transportation solutions in Pakistan, where electric vehicles are gradually gaining traction. By partnering with Yadea, Bank Alfalah is aiming to reduce barriers to entry for electric mobility while supporting the transition to cleaner energy options. Industry observers note that such financing schemes can play a critical role in accelerating adoption, especially in price-sensitive markets where upfront costs often limit consumer interest.
Customers can apply for the installment plans through the bank’s designated channels, including digital platforms and helpline services, with approvals subject to standard eligibility criteria. The offer is available for a limited time and may depend on product availability, indicating a promotional push to boost early adoption of electric scooters in the local market.
Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem.
