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

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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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