Want to own a Suzuki Swift? Check out this auto financing option…

A private bank has introduced a new auto financing facility for Suzuki Swift buyers, offering installment-based purchasing through its new scheme. The banking sector in Pakistan continue to position auto financing as a key driver of car sales amid high vehicle prices.

In this regard the United Bank Limited (UBL) has launched the UBL Drive scheme, under which customers can finance all variants of the Suzuki Swift, including the GL Manual, GL CVT and GLX CVT models. The facility also includes a residual value (RV) financing option, which allows buyers to lower their monthly installment payments by deferring a portion of the vehicle’s cost to the end of the financing term.

According to details shared by the bank, Suzuki Swift prices currently range between approximately Rs 4.46 million and Rs 4.77 million, depending on the variant. Buyers can choose different equity contribution levels, starting from around Rs 1.34 million.

The Suzuki Swift GL Manual, priced at Rs 4.336 million, can be financed after an initial equity contribution of Rs 1.344 million, resulting in a financed amount of roughly Rs 2.991 million. Under the standard financing plan, monthly installments are estimated at around Rs 103,000, while the residual value plan reduces the monthly payment to approximately Rs 69,567.

For the Swift GL CVT, priced at Rs 4.560 million, customers paying an equity contribution of Rs 1.596 million can opt for the RV plan with monthly installments starting at about Rs 68,711. The top-tier Swift GLX CVT, priced at Rs 4.719 million, carries a monthly installment of around Rs 69,128 under the residual value structure.

UBL noted that while standard financing plans involve higher monthly installments, the residual value option offers reduced monthly payments in exchange for a higher lump-sum payment at the end of the financing period.

The bank said applications can be submitted through the UBL Drive portal and clarified that the offer is available for a limited time and at select branches. Prices, financing terms and installment amounts remain subject to change, while all applications will be processed in line with the bank’s credit policies and applicable terms and conditions.

Auto financing has regained importance for banks and car manufacturers as rising vehicle prices and elevated interest rates continue to influence consumer purchasing decisions in Pakistan’s automotive market.