United Bank Limited (UBL), in collaboration with Pak Suzuki Motor Company, has introduced installment-based financing for the Suzuki Alto. This offer falls under the UBL Drive initiative, which supports structured payment options across various vehicle segments. The current offer targets customers seeking more flexible alternatives to full upfront payments for the Suzuki Alto.
UBL provides fixed-rate auto financing at 14.50% for all four variants of the Alto. Each variant includes a required down payment, followed by monthly installments. The plans also include a residual value (balloon payment) due at the end of the financing term.
| Model | Price (PKR) | Down Payment | Monthly Installment | Residual Value |
|---|---|---|---|---|
| Alto VX | 2,331,000 | 699,300 | 29,054 | 38,391 |
| Alto VXR | 2,827,000 | 848,100 | 46,560 | 35,265 |
| Alto VXR AGS | 2,989,000 | 896,700 | 49,228 | 37,255 |
| Alto VXL AGS | 3,140,000 | 942,000 | 51,715 | 39,137 |
The installment period can extend up to five years, subject to credit approval. The residual payment option helps lower the monthly installments by deferring a portion of the cost until the end of the term. These options are suited for individuals looking to finance a new vehicle without the strain of a single large payment.
Customers can apply online through UBL’s digital platform. The application process requires standard documentation and is reviewed based on credit eligibility.
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