ISLAMABAD: JS Bank has introduced an auto financing offer for customers seeking to purchase a Toyota Yaris through monthly installments, with a three-year repayment plan and an initial down payment of approximately Rs. 1.67 million.
Under the advertised offer, the vehicle carries a price tag of Rs. 4,649,000, while eligible customers can pay Rs. 103,375 per month over 36 months through the bank’s JS Caraamad Auto Financing scheme.
The financing option provides an alternative for buyers who prefer to spread their vehicle purchase costs over a fixed period rather than pay the entire amount upfront.
Toyota Yaris Installment Plan: Complete Details
The financing offer outlines the following payment structure:
Toyota Yaris price: Rs. 4,649,000
Initial down payment: Rs. 1,673,640
Monthly installment: Rs. 103,375
Repayment duration: Three years (36 months)
Customers would make the initial payment before repaying the financed amount through monthly installments, subject to JS Bank’s approval and applicable terms and conditions.
How to Get a Toyota Yaris Through JS Bank
Individuals interested in the offer can contact JS Bank to learn about the application procedure, eligibility criteria and documentation required to obtain financing.
The bank’s JS Caraamad Auto Financing scheme provides vehicle financing options, with applicable rates and conditions determined by the terms of the approved facility.
Applicants should verify the financing rate, processing charges, insurance or takaful costs, and any other applicable fees before signing a financing agreement.
Further information is available on the bank’s official website:
https://www.jsbl.com/personal/consumer-finance/js-caraamad-auto-financing
Customers can also send their questions to consumer.finance@jsbl.com.
What Is the Total Cost of the Installment Plan?
Based on the advertised figures, 36 monthly installments of Rs. 103,375 would amount to Rs. 3,721,500.
When the down payment of Rs. 1,673,640 is added, the total comes to Rs. 5,395,140, excluding any additional charges that may apply.
This means the combined payments would exceed the stated vehicle price of Rs. 4,649,000 by Rs. 746,140. The difference should not automatically be treated as the final financing cost, as the complete repayment terms and any additional expenses need to be confirmed with the bank.
