BYD Iraq Launches Flexible Installment Scheme For Employees

The adoption rate of modern New Energy Vehicles (NEVs), including electric cars and plug-in hybrids, is experiencing a substantial upward trajectory across Iraq. To further accelerate this market transition and make sustainable mobility accessible to a broader consumer base, Noor Al-Jazeera NAT, the official and exclusive distributor for BYD vehicles in Iraq, has announced a major corporate milestone. The company has formally signed a comprehensive strategic cooperation agreement aimed at introducing structured, highly flexible financial installment programs for citizens wishing to purchase BYD’s advanced automotive lineup.

The Foundation of the "Aqsati" Installment Program

This new financing initiative is officially branded as the "Aqsati" (My Installments) program. It is engineered to provide clear, accessible, and secure credit pathways for a substantial portion of the Iraqi workforce. Specifically, the financing solutions are directed entirely toward public sector employees and retirees whose monthly salaries and pension benefits are officially localized through their banks. By leveraging this established state banking infrastructure, the program ensures a smooth transaction process with low administrative friction and verified repayment systems.

Removing Financial Barriers for Hybrid and Electric Vehicles

For years, the initial acquisition cost of advanced electric and hybrid vehicles acted as a primary barrier for middle-class consumers. The strategic cooperation that Noor Al-Jazeera NAT signed addresses this economic challenge directly. Under the "Aqsati" program, eligible public servants and retirees can choose from BYD’s diverse range of eco-friendly sedans and SUVs, spreading the cost over predictable, low-interest monthly deductions. This financial framework allows buyers to transition to modern transport technology without straining their personal or household budgets.

Strategic Support for National Infrastructure Goals

By limiting the program to localized bank clients, the initiative provides a robust economic incentive that supports both the financial sector and national environmental goals. BYD’s presence in Iraq continues to grow as urban centers like Baghdad adapt to modern mobility requirements. This strategic program ensures that the latest automotive innovations—celebrated globally for their battery safety, energy efficiency, and build quality—are within financial reach of hard-working Iraqi families.

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