Pak Suzuki has announced easy installment plans for buying certified used Suzuki Alto. The Suzuki used car financing is in partnership with Meezan Bank and AlFalah Bank offering shariah-compliant installment plans with several benefits.
The campaign is inaugurated to facilitate people and finance the used cars present at dealerships. Moreover, it offers financing as per Islamic regulations at discounted rates.
- The 9-year-old Alto can be insured for up to 3 years.
- The 7-year-old model can be financed for up to 5 years.
- The RV financing (model bought for 3 years) allows the buyer of the 2016-2019 model to benefit from buying an upgraded 2020-22 model with low monthly installments.
Benefits
The installment plan provides various benefits including:
- Lower markup rates.
- Lower insurance rates.
- Processing fee up to 50% off.
- Financing can be availed for up to 8 years.
- RV financing.
Features
The features of Used Suzuki Alto financing are:
- Customers can select used as well as new Suzuki Alto.
- Customers must select a monthly installment plan at KIBOR +3% from many tenure options lasting up to 7 years.
- There are both fixed and variable rates to serve individuals of every budget.
- The interested customers will have down-payment flexibility of min 20%.
- The process is easy, quick, and requires minimum documentation.
- The special takaful low-rate insurance will remove all your worries.
Markup Rates
| Financing on Variable Rates | 2 Years | 3 Years | 4 – 5 Years | 6 – 7 Years (for Suzuki Alto upto 1000 CC) |
| Used Suzuki Alto | 1 Year KIBOR + 5.00% | 1 Year KIBOR + 5.00% | 1 Year KIBOR + 5.00% | 1 Year KIBOR + 5.00% |
Eligibility Criteria
The eligibility criteria for used car financing is following:
- The minimum net monthly income must be PKR 25,000.
- There can be 2 co-applicants.
- Rental income, saving or term certificates, and foreign remittances can also be part of the income segment.
There is an age criterion as well.
- Salaried individuals must be minimum of 21 years and maximum of 60 years old.
- Co-applicants can be minimum of 21 years and maximum of 70 years old.
- SEB/SEP can be minimum of 21 years and maximum of 65 years.
Documentation Required
The documents required for financing Suzuki Alto are the following.
- Copy of CNIC.
- A recent salary slip of up to 3 months.
- Filled-in application form.
- Two colored passport-size photos.
- A bank statement or certificate of 6 months.
The offer is applicable for Meezan and Alfalah Card holders. Customers can use the online calculator as well to determine the rates. Click on the link below to find out more information.
