Meezan Bank is among one the best banks in Pakistan. It is helping citizens all across Pakistan with their financial problems. Amidst this inflation, it is difficult for people to afford to buy cars. Therefore, Meezan Bank has a car loan policy that helps people to own vehicles in instalments. Here is a Suzuki Alto VXR 2023 Instalment plans with Meezan bank.
Suzuki Alto VXR Overview
Suzuki Alto VXR is one of the most demanded cars in Pakistan. It provides customers with quality features, a better fuel average, and a durable frame at an affordable rate. Suzuki Alto 2023 is available in three variants: Suzuki Alto VX, Suzuki Alto VXR, and Suzuki Alto VXL. The x-showroom price of the Suzuki Alto begins at PKR 1,699,000 and goes up to PKR 2,223,000.
Pak Suzuki Motors Company serves manual and automatic variants of Suzuki Alto. The VXL variant is the top variant that provides advanced features like airbags, seat-belt alerts, electronic stability, safety features, keyless entry, air-conditioner, start/stop button, cup holders and much more.
It is a compact hatchback that can accommodate around four people comfortably. Suzuki Alto has a fuel tank capacity of 27L and gives an efficient mileage of 18-20 kilometres per litre.
Suzuki Alto VXR 2023 Instalment Plans With Meezan Bank
Meezan Bank provides an easy car loan policy for customers to purchase Suzuki Alto. It offers convenient instalment plans from 1 year to 7 years with deposit values ranging from 15% to 30%. It also offers immediate and booking options for car delivery, which is up to clients’ preferences. If you want to purchase Suzuki Alto VXR, here are Suzuki Alto VXR 2023 instalment plans as a sample, but the accurate plan could be obtained from Meezan Bank’s Calculator.
Years and repayment months/years are variable depending upon your plan, but the table below is just to give you an idea about the instalments. For more accurate workings, please click here to use the Meezan Bank calculator.
| Equity | Total Car Price | Security deposit+ Processing Fee | Total upfront | Monthly Installment | |
| 15% | 2,120,000 | 318,000 + 2500 | 320,500 | 56,665 | |
| 20% | 2,120,000 |
| 426,500 | 53,677 | |
| 25% | 2,120,000 | 530,000+ 2,500 | 532,500 | 50,689 | |
| 30% | 2,120,000 | 636,000+ 2,500 | 638,500 | 47,700 | |
All these prices include rental and takaful along with processing fee and FED. So, the clients do not have to pay more than mentioned in their instalment plans. For more information regarding Suzuki Alto VXR 2023 instalment plans, you can use the Meezan Bank Car Loan calculator to get details regarding durations, equity and residual values.
Additional Information on Product Profit Rates*
| Fixed Profit Rates | |||||||
| Financing Tenure | 1 Year | 2 Year | 3 Year | 4 Year | 5 Year | 6 Year | 7 Year |
| For Lien Based | 7.25% | 8.25% | 8.50% | 9.00% | 9.25% | 9.35% | 9.50% |
| For Non-Lien Based | 16.08% | 15.38% | 14.77% | 14.27% | 14.17% | 14.21% | 14.23% |
| Above mentioned rates can be revised based on Deposit and PKRV rates at the time of disbursement | |||||||
| Variable Profit Rates | |||||||
| For Lien Based | *SBP Floor + 1.0% (*Currently SBP floor is 8.75%) | ||||||
| For Non-Lien Based | 1 Year KIBOR + 1.0% | ||||||
*Above mentioned profit rates are without Takaful and Tracker
Takaful Rates
| Tracker | Value Added Services | |
| EFU | 1.99% | Accidental death Coverage up to PKR 2.5 Million |
| 1.99% | ||
| Adamjee | 1.99% | – |
| 3.50% | – Accidental death Coverage up to PKR 2.5 Million – Health insurance plan up to 20.00% of the vehicle or PKR 500,000, whichever is less – Online Medical Consultancy – Travel Takaful Plan up to USD 50,000 |
