Pak Suzuki unveils Islamic financing with up to Rs650,000 in savings
MG News | November 30, 2023 at 10:50 AM GMT+05:00
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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