UBL has introduced a new vehicle financing offer for customers interested in buying the Suzuki Alto in Pakistan. The financing facility is available through the bank’s UBL Drive installment plan.
Under the offer, monthly payments for the Suzuki Alto start from Rs. 33,799. The lowest monthly payment is available under the residual value financing option.
Customers can choose from four Suzuki Alto variants included in the financing offer.
Suzuki Alto Installment Plan
The available variants include Suzuki Alto VX, VXR, VXR AGS and VXL AGS.
The Suzuki Alto VX has a listed vehicle price of Rs. 2,331,000. Its monthly installment starts at Rs. 42,103 under the fixed-rate financing option.
Under the residual value option, the monthly payment drops to Rs. 33,799. The Suzuki Alto VXR is priced at Rs. 2,707,000.
Its fixed-rate monthly installment is Rs. 48,894, while the residual value installment is Rs. 39,251. The Alto VXR AGS carries a listed price of Rs. 2,894,000.
Customers would pay Rs. 52,272 monthly under the fixed-rate option. Its residual value installment is listed at Rs. 41,963 per month.
The Suzuki Alto VXL AGS is priced at Rs. 3,045,000. Its monthly payment is Rs. 54,999 under the fixed-rate plan.
The residual value option reduces the monthly installment to Rs. 44,152.
UBL Drive Financing Requirements
Customers can select a financing period ranging from one to five years.
A minimum equity contribution of 30% is required under the financing plan. UBL also allows a residual value of up to 50% of the vehicle’s price.
The quoted monthly installments are calculated using a fixed rate of 18.75%. However, insurance charges are not included in the stated monthly installment amounts.
Customers should consider these additional costs before deciding on the financing option. Vehicle prices may also change if the manufacturer announces revised prices.
Therefore, final financing calculations could differ from the currently advertised amounts.
How to Apply for Suzuki Alto Financing
The bank says the financing facility offers quick processing and requires minimal documentation. Interested customers can submit their applications through UBL Drive.
They can also visit a nearby UBL branch to obtain further information about eligibility and financing terms.
Applicants should carefully review the complete repayment schedule before finalizing their purchase. They should also check down payment, insurance and residual payment requirements.
The new offer provides another financing option for buyers seeking a Suzuki Alto without paying the entire vehicle price upfront.
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The Rs. 33,799 starting installment applies specifically to the Alto VX under the residual value option.
