UBL Launches Installment-Based Auto Financing for Suzuki Alto Under UBL Drive Initiative

United Bank Limited (UBL), in partnership with Pak Suzuki Motor Company, has launched an attractive installment-based auto financing offer for the popular Suzuki Alto, making it easier for customers to own a new car without the burden of a full upfront payment. This new offering is part of the UBL Drive initiative, designed to provide flexible and affordable vehicle financing options across different car segments.

Fixed-Rate Financing with Flexible Terms

Under this scheme, UBL is offering fixed-rate auto financing at 14.50% for all four variants of the Suzuki Alto: VX, VXR, VXR AGS, and VXL AGS. Customers can opt for installment plans of up to five years, subject to credit approval. The plans are structured to include a down payment, monthly installment, and a residual value (balloon payment) due at the end of the financing term.

This residual value model is designed to reduce monthly payments by deferring a portion of the vehicle cost to the end of the loan period, making it ideal for budget-conscious buyers.

Suzuki Alto Financing Details

Here’s a breakdown of the financing options for each Alto variant:

Simple Online Application Process

Customers interested in the offer can apply easily via UBL’s digital banking platform. The application process requires standard documentation and is evaluated based on the applicant’s creditworthiness. This initiative is especially suited for individuals seeking affordable car financing options with structured payment flexibility.

Empowering Affordable Car Ownership

UBL Drive’s installment plan for Suzuki Alto reflects the bank’s ongoing commitment to making vehicle ownership more accessible in Pakistan. By offering low monthly installments and a residual payment model, the plan aims to cater to a broader customer base in need of flexible financing solutions.

Afsheen Gohar

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