MCB iPhone16 Offer on Easy Installment

Staff Report

Islamabad: Muslim Commercial Bank (MCB) has announced to launch of an exclusive offer to purchase the latest iPhone 16 series on easy instalments.

But this offer is valid for its credit card holders only, who can purchase the latest iPhone 16 series on easy instalments with zero percent markup for up to 12 months.

Bank plans to offer the iPhone 16, aimed at making high-end smartphones more accessible to customers. It has also removed the burden of upfront payments.Banks Profit

Under the scheme, MCB credit card users can get the new iPhone series without fear of any interest charges on their payments spread over a year.

The bank also offers customers to opt for longer instalment plans—up to 36 months. This offer will be with a discounted markup rate.

The customers will have to pay a processing fee and Federal Excise Duty (FED) as per the bank’s Schedule of Charges (SOBC).

“This offer is part of MCB’s ongoing commitment to provide value-added services to its customers,” the bank stated. The offer is exclusively available to MCB credit card holders with additional perks. Although specifics have not been disclosed.

MCB has offered a cost-effective financing solution for tech-savvy buyers who are looking to upgrade iPhone model. The scheme has been launched keeping in view rising smartphone prices and economic pressures that are affecting consumer purchasing power.

This latest move places MCB among the few banks in Pakistan that are offering 0% markup instalment plans for high-end gadgets. This trend has gained popularity among urban consumers.