ISLAMABAD: United Bank Limited (UBL) has introduced a new auto financing scheme, “UBL Drive,” aimed at helping customers purchase Suzuki Swift models through easy monthly instalments, the bank announced on Wednesday.
According to UBL officials, the scheme is designed to support customers amid rising inflation, allowing them to fulfil their dream of owning a new car with flexible payment options. Under the scheme, customers can also opt for a **residual value plan**, which lowers monthly instalments while requiring a larger payment at the end of the financing term.
The scheme covers all popular Suzuki Swift models, including Swift GL Manual, GL CVT, and GLX CVT, with prices ranging from approximately Rs 4.46 million to Rs 4.77 million depending on the model. Initial down payments start from Rs 1.34 million**.
For instance, under the residual value plan, the monthly instalment for the Swift GL Manual is around Rs 69,567, compared to Rs 1.03 million under the standard plan. Similarly, the Swift GL CVT has a monthly instalment of Rs 68,711, while the top-end GLX CVT costs about Rs 69,128 per month under the residual plan.
UBL clarified that while the residual value plan offers lower monthly payments, a larger sum must be settled at the end of the financing period. Applications can be submitted via the UBL Drive portal, and the offer is available for a limited period at selected branches.
The bank also noted that vehicle prices, financing terms, and monthly instalments are subject to change, and all applications will be processed according to UBL’s credit policies and terms and conditions.
Read also: Pak Suzuki unveils limited-time Rs350,000 price cut on Every VXR Mini-Van
