United Bank Limited (UBL) has partnered with Pak Suzuki Motor Company to offer an easy installment-based financing option for the Suzuki Alto. This new offer is part of UBL’s “UBL Drive” program, which helps people buy vehicles with flexible payment plans. With this offer, customers who cannot pay the full price at once can still buy a Suzuki Alto by paying in smaller amounts every month. The goal is to make car ownership more affordable and stress-free for everyone.
Installment Plan and Interest Rate Details
UBL is offering a fixed interest rate of 14.50% on all four models of the Suzuki Alto. This means the interest rate will not change during the loan period. To get the car, buyers need to pay an initial down payment first. After that, they can pay the rest of the amount in monthly installments. One special feature of this plan is the “residual value” or “balloon payment.” This is a larger payment that must be made at the end of the loan term. It helps to reduce the monthly installments, making it easier for customers to manage their budget.
Flexible Payment Terms for Up to 5 Years
Customers can choose to pay back the loan over a period of up to five years. However, this depends on the customer’s creditworthiness and the bank’s approval. The residual payment at the end allows people to keep their monthly payments low during the term. This financing option is perfect for people who want to buy a new car but do not want to make a big one-time payment. Instead, they can spread the cost over several years and plan their finances better.
Simple Online Application Process
Applying for this financing offer is quick and easy. Customers can apply online using UBL’s digital platform. They need to provide some basic documents, such as proof of income, identity documents, and other required papers. The bank will review the application and check if the customer is eligible for the loan based on their credit history. Once approved, the customer can move forward with the process and enjoy driving their new Suzuki Alto without financial stress.
READ MORE: Suzuki Alto 2025 Installment Plans with Bank Alfalah – All You Need to Know
