Your dream vehicle is within reach! The Suzuki Alto is now available with UBL Drive at unbeatable financing rates. Whether you’re looking to drive a brand-new or used car, UBL offers flexible financing solutions to help you get behind the wheel of your dream car. Finance your Suzuki Alto today for just PKR 29,596 per month and enjoy the convenience and affordability of UBL’s car loan options.
Why Choose UBL Drive for Your Car Loan?
UBL Drive provides a range of benefits that make owning your dream car easier than ever. With competitive loan rates, flexible payment terms, and a hassle-free process, UBL ensures that your dream of owning a Suzuki Alto comes true. Here’s why you should consider UBL Drive:
- Flexible Financing Options: Finance up to 70% of the value of your preferred car, with easy payment options tailored to your needs.
- Affordable Monthly Installments: Start your journey with monthly payments as low as PKR 29,596.
- Multiple Car Options: Choose between new or used locally assembled/manufactured cars.
- Wide Eligibility: UBL Drive offers financing for salaried individuals, self-employed individuals, landlords, pensioners, and those with remittance income.
- Attractive Interest Rates: Choose between fixed or floating markup rates for maximum affordability.
- Flexible Loan Tenure: Whether you need 1 to 5 years for vehicles up to 1000 CC or 1 to 3 years for vehicles above 1000 CC, UBL provides the right loan term for you.
- Up to 9 Years Old Vehicles: UBL Drive offers financing for used cars up to 9 years old.
- Convenient Residual Value Option: Pay a lump sum (up to 50%) at the end of your loan tenure for easier repayments and lower monthly installments.
- Competitive Insurance Rates: Get complimentary tracker services with affordable insurance options.
UBL Drive Markup Rates:
UBL Drive offers competitive floating markup rates, designed to make your car financing affordable:
- Existing Customers:
- 1-3 Years: 1YK + 4.25%
- 4-5 Years: 1YK + 4.75%
- New to Bank Customers:
- 1-3 Years: 1YK + 4.75%
- 4-5 Years: 1YK + 5.25%
*Additional 1% is charged for any deviation in terms.
Eligibility Criteria:
UBL Drive is open to a wide range of applicants:
- Salaried Individuals:
- Minimum Gross Salary of PKR 35,000
- Minimum Age: 21 years, Maximum Age: 60 years
- Pakistan National Identity Card holder
- Self-Employed Individuals:
- Minimum Gross Income of PKR 50,000
- Minimum Age: 21 years, Maximum Age: 70 years
- Pakistan National Identity Card holder
Documents Required:
To apply for UBL Drive, ensure you have the following documents ready:
- Salaried Individuals:
- CNIC and 2 Recent Passport Size Photographs
- Current Verified Salary Certificate
- Original pay slip or copy verified by the bank
- 6 months of bank statements showing salary credits
- Self-Employed Individuals:
- CNIC and 2 Recent Passport Size Photographs
- 12 months of business bank statements
- Tax Returns/NTN or Proof of Business
- Memorandum of Association, Audited Financial Statements (for Pvt Ltd companies)
UBL Drive Residual Value Plan:
To make car ownership more affordable, UBL Drive offers a Residual Value option, where you can pay a lump sum (up to 50%) at the end of your loan term. This option applies to both new and used cars, helping reduce monthly repayments and giving you added convenience.
With UBL Drive, your dream car is just a step away. Whether you’re eyeing a Suzuki Alto or any other vehicle, UBL offers competitive financing options with flexibility and convenience. Take advantage of affordable monthly payments and low-interest rates, and get behind the wheel of your dream vehicle today! Apply now and make your dream a reality with UBL Drive.
Afsheen Gohar is a seasoned writer with a wealth of experience in crafting authentic and well-researched articles. Her dedication to delivering high-quality content is evident in her work, where she combines a passion for storytelling with a commitment to accuracy and depth. Afsheen’s writing reflects her ability to engage readers with compelling narratives while providing valuable insights on a diverse range of topics.
