ISLAMABAD: Muslim Commercial Bank (MCB) has launched a new auto financing program under the names Car4U and Fleet4U, aimed at assisting customers who wish to purchase new Suzuki vehicles.
According to the bank, the purpose of this program is to provide organized, transparent, and easy financial assistance for Suzuki’s passenger and commercial vehicles.
Car4U: Flexible Financing for Personal Use
Under the MCB Car4U Financing, eligible customers can purchase new Suzuki vehicles for personal use. The key feature of this scheme is the flexible installment plan, allowing customers to make payments over three years.
Maximum financing limit: PKR 3 million for individual car purchases.
Markup rate: 3% above one-year KIBOR.
Insurance fee: 1.50% of the vehicle’s value.
The bank has ensured that the terms are aligned with standard banking practices, making financial planning easier and more transparent for customers.
Fleet4U: Commercial and Bulk Vehicle Purchases
For business customers and commercial organizations, the MCB Fleet4U Financing has been introduced, offering financing for bulk vehicle purchases.
Maximum financing limit: PKR 30 million for fleet purchases.
Priority delivery: Aimed at making the process more efficient and accessible for business customers.
Offer Duration and Terms
The bank confirmed that its auto financing promotion remains active until March 31 2026, while the bank will implement its regular terms and conditions.
MCB Bank designed its Car4U and Fleet4U platforms to provide customers with an efficient, transparent and simple auto financing process which allows them to buy new Suzuki vehicles with greater convenience and better financial benefits.
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