United Bank Limited (UBL) is making it easier for people in Pakistan to buy a Toyota Yaris by offering an installment-based financing option through its UBL Drive Program. This program allows customers to pay for their new car in monthly installments instead of paying the full amount at once.
The bank is offering financing for different models of the Toyota Yaris, including both manual and automatic versions. The base model, Yaris GLI MT 1.3, has monthly installments starting from PKR 68,737. This offer is based on a residual value financing model, where you make regular monthly payments and a final large payment (called a balloon payment) at the end. The fixed interest rate is 14.50%, which means the rate will not change during the loan period.
Toyota Yaris Models Available
You can choose from a range of Toyota Yaris models, including higher-end versions with more features and different interior colors like beige or black. The available models are:
| Variant | Vehicle Price (PKR) | Monthly Installment (14.50%) | Residual Value (Balloon Payment) |
|---|---|---|---|
| Yaris GLI MT 1.3 | 4,479,000 | 101,753 | 68,737 |
| Yaris ATIV MT 1.3 | 4,730,000 | 102,571 | 69,289 |
| Yaris GLI CVT 1.3 | 4,760,000 | 103,222 | 69,572 |
| Yaris ATIV CVT 1.3 | 5,064,000 | 103,328 | 69,062 |
| Yaris ATIV X CVT 1.5 (Beige Interior) | 6,255,000 | 105,181 | 68,358 |
| Yaris ATIV X CVT 1.5 (Black Interior) | 6,319,000 | 102,228 | 69,057 |
Key Features of the UBL Drive Program
- Down Payment: Customers need to pay at least 34% of the car’s price as a down payment.
- Fixed Monthly Payments: Your monthly payments will remain the same throughout the financing term.
- Balloon Payment Option: At the end of the loan period, you will need to pay a residual value of 50% of the car’s price.
- Insurance Not Included: The vehicle insurance cost is not part of the given monthly installment amounts. Customers will need to pay for it separately.
- Limited Availability: This financing offer is only available for selected Yaris models and depends on stock availability.
How to Apply UBL Drive Program Toyota Yaris?
You can apply for the UBL Drive program in three easy ways:
- Online: Visit the UBL Drive portal and fill out the application form.
- Phone: Call the UBL official helpline to speak to a representative and get assistance.
- Visit a Branch: Go to the nearest UBL branch and apply in person.
With easy installment plans and a wide choice of Toyota Yaris models, the UBL Drive Program is a great way to own a car without financial stress. Whether you like manual or automatic, simple or premium interiors, there’s something for everyone.
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