2 min read
United Bank Limited (UBL) has introduced a 0% markup car financing offer on the Suzuki Alto, making one of Pakistan’s most affordable and fuel-efficient vehicles even easier to own. Under the UBL Drive scheme, buyers can now purchase the Suzuki Alto with monthly installments starting from PKR 37,328, offering significant relief to budget-conscious and first-time car buyers.
The announcement comes at a time when rising taxes and inflation have made car ownership increasingly difficult in Pakistan. Despite these challenges, Pak Suzuki recently reported a rebound in Alto production, signaling sustained demand for economical vehicles. Banks and automakers are now stepping in with flexible financing options to revive the auto market and support consumers.
UBL Drive’s 0% markup plan allows customers to own a Suzuki Alto without paying interest, a rare offering in the current financial environment. The application process is fully digital and can be completed through the UBL Digital portal, ensuring convenience and faster approvals.
A UBL official stated, “This initiative is aimed at making car ownership more accessible, especially for young professionals and first-time buyers looking for reliable and economical transport.”
With fuel prices remaining high, the Suzuki Alto’s strong mileage and low maintenance costs make it a practical choice for urban commuters. UBL’s financing offer further strengthens this appeal, aligning with the broader trend of banks supporting affordable mobility solutions in Pakistan.
UBL’s 0% markup financing on the Suzuki Alto marks a positive development for Pakistan’s auto and banking sectors. By reducing the financial burden on buyers, the initiative is expected to encourage new car purchases and support the recovery of the local automobile industry.
