Suzuki Alto, Pakistan’s popular entry-level hatchback, continues to be the top choice for budget-conscious urban buyers. Known for its low cost, minimal maintenance, and excellent fuel efficiency, this 660cc car has solidified its position as a reliable vehicle for daily commuting. Despite recent price hikes, the Alto remains Suzuki’s most affordable hatchback, with rising sales reflecting its strong appeal.
As of August 2024, the Suzuki Alto starts at Rs2.3 million, making it the cheapest car from Pakistan’s oldest carmaker. With the rising costs, many potential buyers are exploring easy installment options to purchase the Alto. Here’s a breakdown of the installment plans offered by various banks.
Suzuki Alto Installment Calculator 2024
| Bank | Model | Price (Rs.) | Down Payment (Rs.) | Bank Participation (Rs.) | Monthly Installment (Rs.) |
|---|---|---|---|---|---|
| Bank Alfalah | Alto VX | 2,331,000 | 699,300 | 1,631,700 | 48,709 |
| Alto VXR | 2,707,000 | 812,100 | 1,894,900 | 56,566 | |
| Alto VXL | 3,045,000 | 913,500 | 2,131,500 | 63,629 | |
| Meezan Bank | 699,300 | – | 42,100 | ||
| Interest Rate: 18.75% | Processing Fees: 13,560 | ||||
| 1st Year Insurance: 46,620 | Document Charges: 0 | ||||
| UBL | 700,000 | – | 42,541 | ||
| Processing Fee: 7,500 | 1st Year Insurance: 89,277 | ||||
| Monthly Insurance: 6,695.80 | Loan Amount: 1,631,000 | ||||
| Standard Chartered | 699,300 | – | 51,514 | ||
| Processing Fee: 8,000 | Up-front Tracker Fee: 22,000 |
This table makes it easier to compare the installment plans offered by different banks for the Suzuki Alto in August 2024.
With various banks offering competitive installment plans, purchasing a Suzuki Alto in August 2024 has become more accessible for buyers. Whether you choose Bank Alfalah, Meezan Bank, UBL, or Standard Chartered, these financing options make owning the Suzuki Alto easier without the burden of upfront full payment. This makes it an attractive choice for those looking to invest in a reliable and economical vehicle.
