Pak Suzuki unveils Islamic financing with up to Rs650,000 in savings

By MG News | November 30, 2023 at 10:50 AM GMT+05:00

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November 30, 2023 (MLN): Pak Suzuki Motor Company Limited (PSX: PSMC)in collaboration with Meezan Bank Limited (PSX: MEBL) is introducing a limited-time Islamic financing offer without Riba that allows customers to save up to Rs650,000, as disclosed by the company in its latest post on X (formerly known as Twitter).

This financing scheme will offer benefits like free 1-year maintenance, priority delivery, a special discounted takaful rate, etc.

Total savings through free maintenance and savings on rentals with respect to different models are:

	Alto AGS	WagonR VXL	Cultus AGS	Swift GLX CVT
Free maintenance	46,000	28,000	28,000	39,000
Savings on rentals	445,920	518,400	616,860	352,944
Total savings	491,920	546,400	644,860	391,944

The rentals will be purely based on ex-factory prices with the savings amount based on the availability of the selected model.

Moreover, a30% security deposit is required with a tenure span of five years, with the exception of Swift, which entails a 40% security deposit and a three-year tenure.

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