Due to increased tax rates, the depreciating value of the Pakistani rupee, and high production costs, car manufacturers continuously increase car prices. All of this is causing a massive loss of demand because inflation has reduced purchasing power of the public. But, banks are still saving the lives of many. So, if you had been thinking of purchasing Altis 1.6, here is a Toyota Corolla Altis 1.6 instalment plan with Meezan Bank.
Overview
Toyota Corolla Altis 1.6 is a popular car in Pakistan with a 1600cc engine. The engine has water cooling in-line 4-cylinders which allows better performance. It has a 4-speed automatic transmission. The price of Corolla Altis 1.6 MT is PKR 5,653,000. The car is equipped with many safety, handling, and entertainment specifications. Altis 1.6’s design is attractive.
Toyota Corolla Altis 1.6 Instalment Plan with Meezan Bank
Meezan Bank is providing easy car loans for all customers which is helping them in these tough times. Their instalment plans range from 1 year to 7 years with different deposit levels from 15% to 50%. You can choose your plan according to your requirements. It is applicable for all applicants to pay Rs 2500 as a processing fee. Here is a Toyota Corolla Altis 1.6 Instalment plan for 5 years for the base variant.
| Total Price | Equity | Deposit | Processing fee | Total Upfront | Monthly instalment |
| Rs 4,580,500 | 15% | Rs 687,075 | Rs 2,500 | Rs. 689,575 | Rs 121,101 |
| Rs 4,580,500 | 20% | Rs 916,100 | Rs 2,500 | Rs 918,600 | Rs 114,645 |
| Rs 4,580,500 | 25% | Rs 1,145,125 | Rs 2,500 | Rs 1,147,625 | Rs 108,188 |
| Rs 4,580,500 | 30% | Rs 1,374,150 | Rs 2,500 | Rs 1,376,650 | Rs 101,732 |
| Rs 4,580,500 | 35% | Rs 1603,175 | Rs 2,500 | Rs 1605,675 | Rs 95,276 |
| Rs 4,580,500 | 40% | Rs 1,832,200 | Rs 2,500 | Rs 1,834,700 | Rs 88,819 |
| Rs 4,580,500 | 45% | Rs 2,061,225 | Rs 2,500 | Rs 2,063,725 | Rs 82,363 |
| Rs 4,580,500 | 50% | Rs 2,290,250 | Rs 2,500 | Rs 2,292,750 | Rs 75,907 |
Toyota Corolla Altis 1.6 price in Pakistan has increased to PKR 5,529,000 over the last year. So, the instalment plan available on the Meezan Bank website is not accurate and will be updated soon. To skip any confusion, you can visit any nearest branch of Meezan Bank to consult your instalment plan. They will devise a plan for you to let you get Riba-free car financing based on the Islamic banking system.
