United Bank Limited (UBL) has introduced an attractive car financing offer under its UBL Drive scheme, allowing customers to own the KIA Picanto 1.0 AT through affordable monthly installments and minimal upfront costs.
As part of this offer, customers can finance the vehicle for as low as Rs. 49,108 per month at a fixed rate of 14.50%, based on a 50% residual value structure. The total price of the KIA Picanto stands at Rs. 3,940,000, with a required down payment of Rs. 1,182,000.
The remaining amount—Rs. 2,758,000—can be financed with UBL over a flexible tenure ranging from 1 to 5 years.
Key Highlights:
- Variant: KIA Picanto 1.0 AT
- Vehicle Price: Rs. 3,940,000
- Down Payment: Rs. 1,182,000
- Financing Amount: Rs. 2,758,000
- Monthly Installment (Fixed): Rs. 64,891
- Residual Value Installment (50%): Rs. 49,108
- Markup Rate: Fixed at 14.50%
Salient Features:
- Quick processing with minimal documentation
- Financing tenure from 1 to 5 years
- Minimum down payment requirement
- Residual value facility up to 50% of vehicle price
UBL highlights that the monthly installments shown exclude insurance costs and are calculated on the basis of 50% residual value. Vehicle prices are subject to change as per manufacturer updates.
To apply or learn more, visit:
UBL Drive Application Portal
This car is not worth 4 million . That’s for sure