ISLAMABAD: Is it easy to buy a Suzuki Swift on installments, as the United Bank Limited (UBL) has unveiled car financing options for buyers through its UBL Drive program? It aims to make car ownership more affordable and convenient. The new installment plans are structured around a residual value (RV) model, which minimizes upfront costs while providing customers the flexibility of lower monthly payments.
Financing Options and Pricing
UBL’s financing package covers all three main Suzuki Swift variants — GL Manual, GL CVT, and GLX CVT. The ex-factory prices of these variants range between Rs. 4.460 million and Rs. 4.766 million. Depending on the model selected, customers can opt for equity contributions starting from approximately Rs. 1.47 million, with financing amounts extending up to Rs. 3 million.
Monthly Installments
Under the installment plan, monthly payments range between Rs. 102,860 and Rs. 103,356. For those preferring lower payments, UBL offers a Residual Value (RV) installment option, with monthly amounts starting from Rs. 69,485. The RV plan provides an opportunity to reduce monthly outflows while retaining the flexibility to either settle the residual amount at the end of the term or refinance it for continued use of the vehicle.However, the price of the car and options of installments appear financially unviable even for those who are earning more than 150000 rupees a month.
Key Features of UBL Drive for Suzuki Swift
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Financing structured on a 50% residual value model.
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Quick and hassle-free processing through UBL Drive branches.
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Fixed markup rates, allowing customers to plan expenses without worrying about market fluctuations.
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Plans are subject to changes in manufacturer pricing or UBL’s financing policy.
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Offer available for a limited time and subject to standard banking and credit approval procedures.
With this initiative, UBL aims to support middle-income buyers and young professionals seeking affordable car financing solutions without bearing the burden of hefty upfront payments. The UBL Drive program not only eases vehicle ownership but also encourages financial flexibility for customers in Pakistan’s growing automobile market.
