UBL offers easy installment plan for Suzuki Swift buyers

ISLAMABAD: United Bank Limited (UBL) has introduced an attractive offer for Suzuki Swift buyers under its auto financing scheme UBL Drive, under which customers can purchase the vehicle on easy monthly installments.

The offer also includes the option of residual value (RV) financing, which makes it possible to get the vehicle with a lower monthly payment.

According to UBL, this facility is available on all variants of Suzuki Swift, including Swift GL Manual, GL CVT and GLX CVT. The prices of the vehicles range between approximately Rs 44 lakh 60 thousand and Rs 47 lakh 66 thousand, while buyers can choose from various equity contribution options, which start from approximately Rs 13 lakh 40 thousand.

The Suzuki Swift GL Manual is priced at Rs 4.336 million, on which a down payment of Rs 1.344 million can be financed for around Rs 2.991 million. The monthly installment of this variant is around Rs 1.02982 under the Standard Plan, while in the Residual Value Plan this installment is reduced to Rs 69,567.

Similarly, the Swift GL CVT is priced at Rs 4.56 million, on which after an equity of Rs 1.596 million, the monthly installment starts at Rs 68,711 under the RV Plan. The top-of-the-line Swift GLX CVT is priced at Rs 4.719 million, on which the monthly installment is around Rs 69,128 in the Residual Value Plan.

According to UBL, the standard financing structure has monthly installments of around Rs 103,000, while the RV plan has a higher amount to pay at the end of the term in exchange for a lower monthly payment.

To apply, customers can visit the UBL Drive portal. The bank says that this offer is for a limited period and select branches, while there is a possibility of change in prices and terms. All applications will be approved as per the bank’s credit policy and terms and conditions.