Suzuki Alto Installment Plans in Pakistan – April 2025
By Newztodays Team
If you are a salaried person or a small businessman and want to buy a car, here is a good deal for you. Suzuki has introduced new installment plans for Alto buying in an affordable budget for you in a joint venture with top banks in Pakistan.
The company has designed these installment plans to ease the upfront financial burden and offers flexible payment options with fixed monthly installments. Suzuki Alto’s fuel efficiency, compact design, and low maintenance costs have made it an ideal choice for you.
Suzuki Alto Latest Prices (April 2025)
| Variant | Price (PKR) | Filer Tax | Non-Filer Tax |
|---|---|---|---|
| Alto VX | 2,331,000 | 11,655 | 34,965 |
| Alto VXR | 2,707,000 | 13,535 | 40,605 |
| Alto VXR Upgraded | 2,827,000 | 14,135 | 42,405 |
| Alto VXR-AGS | 2,894,000 | 14,470 | 43,410 |
| Alto VXR-AGS Upgraded | 2,989,000 | 14,945 | 44,835 |
| Alto VXL-AGS | 3,045,000 | 15,225 | 45,675 |
| Alto VXL-AGS Upgraded | 3,140,000 | 15,700 | 47,100 |
| Alto Every VX | 2,749,000 | 13,745 | 41,235 |
| Alto Every VXR | 2,799,000 | 13,995 | 41,985 |
Note: The company applies Ex-factory prices. Registration, insurance, and freight charges separately.
Latest Suzuki Alto Installment Plans (5-Year Example)
Suzuki’s new financing offer has helped buyers to spread the cost of car ownership over time.
Alto VXR (PKR 2,827,000)
- Down Payment: PKR 850,000
- Processing Fee: PKR 15,500
- First-Year Insurance: PKR 67,675
- Monthly Installment (60 months): PKR 56,540
Alto VXL-AGS (PKR 3,140,000)
- Down Payment: PKR 942,000
- Processing Fee: PKR 15,550
- First-Year Insurance: PKR 76,125
- Monthly Installment (60 months): PKR 62,500
You should keep in mind that these figures are indicative, and actual costs may vary by bank and applicant profile.
Financing Breakdown: What You Need to Know
Down Payment:
It starts from 15% to 35% of the car value. However, higher equity can reduce monthly installments.
Loan Tenure:
Loan tenure typically ranges from 1 to 5 years. And, some banks have been offering 7-year terms for 950cc+ vehicles.
Markup Rate:
Fixed or variable. Each bank has a different car loan offer. Some offer fixed-rate plans and more predictable budgeting.
Insurance:
Comprehensive insurance is mandatory and is often bundled with the installment.
Tracker:
Tracker is also included in some plans for security purposes.
Processing Charges:
A non-refundable fee is applicable, e.g., PKR 15,500+.
Other Costs:
You will have to pay Registration tax, WHT, and documentation fees as upfront costs, but select banks may finance it.
Required Documents
Applicants are required to submit the following to begin processing:
- Valid CNIC copy
- Latest salary slip or business income proof
- Bank statement (last 6 months)
- Utility bill or rent agreement (as address proof)
- 2–3 passport-size photographs
Who Can Apply?
Salaried Individuals:
- Pakistani national aged 22–65
- Minimum monthly income: PKR 35,000–80,000 (bank-dependent)
- At least 6–12 months of job tenure
Self-Employed/Business Owners:
- Same age limit
- Minimum income: PKR 100,000
- Proof of business required
Suzuki Finance Arrangement Program – Why It Works
Suzuki’s official finance plan offers several advantages:
- Quick processing
- Competitive insurance and tracker rates
- Easy documentation
- Flexible down payments
- Prioritized vehicle delivery
Banks Providing Financing for Cars
Here is a list of banks that Pak Suzuki Motor Company Limited (PSMCL) has partnered with to provide car financing and installment plans in Pakistan:
- Bank Alfalah: This bank is a leading partner with Suzuki for auto financing.
- MCB Bank Limited: MCB is another prominent bank that offers installment plans.
- Meezan Bank Limited: Meezan Bank offers Shariah-compliant car financing (Car Ijarah) for Suzuki vehicles.
- Faysal Bank Limited / Faysal Islami: Faysal Bank provides car financing options for Suzuki vehicles based on Shariah-compliant principles like Diminishing Musharakah.
- Habib Bank Limited (HBL): HBL offers car loans for various vehicles, including the Suzuki Alto.
- Bank of Punjab (BOP): BOP is a listed partner in some of Suzuki’s financing schemes.
- Dubai Islamic Bank: This Islamic bank offers car financing for purchasing Suzuki vehicles.
- Al Baraka Bank Limited: It provides auto financing options.
- BankIslami Pakistan Limited: This bank also provides auto financing for Suzuki cars based on the Diminishing Musharakah concept for new and used vehicles.
Note: Different banks offer loans based on specific terms, conditions, and offers that may change over time. You can get the latest details on Suzuki Pakistan’s official website and authorized dealerships. You can also get information on available partner banks and their respective installment plans for the Suzuki Alto in April 2025.
Read More: Pakistan Car Sales Soar 46% in 9MFY25
Why It’s a Smart Choice
If you want to buy a Suzuki Alto on an affordable budget, Suzuki’s installment plans may be helpful for you to own a brand-new Alto without the pressure of a full cash payment. Fixed monthly installments have been allowing better financial planning while providing access to one of Pakistan’s most reliable compact cars.
