Islamabad, May 23, 2025: United Bank Limited (UBL) has rolled out an exciting new car financing offer under its UBL Drive scheme, making it easier than ever for customers to drive home the stylish KIA Picanto 1.0 AT.
With low monthly installments starting at just Rs. 49,108 and a minimal down payment, this deal positions itself as one of the most affordable auto financing solutions in Pakistan today.
UBL is offering an exclusive financing option for the KIA Picanto 1.0 AT, enabling customers to purchase the vehicle through a flexible payment plan that minimizes the financial burden.
The total price of the car is Rs. 3,940,000, and buyers can take it home by paying just Rs. 1,182,000 upfront. The remaining Rs. 2,758,000 can be paid over a period of 1 to 5 years, depending on customer preference.
What makes this UBL Drive car financing offer stand out is the fixed markup rate of 14.50%, coupled with a residual value structure covering up to 50% of the car’s price.
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This means monthly installments can go as low as Rs. 49,108, excluding insurance costs. For those who prefer a standard EMI plan without residual value adjustments, the fixed monthly payment would be Rs. 64,891.
Key Details of the UBL Drive Plan:
- Car Model: KIA Picanto 1.0 AT
- Price: Rs. 3,940,000
- Down Payment: Rs. 1,182,000
- Financed Amount: Rs. 2,758,000
- Installments (Fixed): Rs. 64,891/month
- Residual Value EMI (50% structure): Rs. 49,108/month
- Markup Rate: 14.50% (Fixed)
Compared to other auto financing options currently available in Pakistan, UBL’s plan is one of the most competitive for compact cars. For instance, similar installment plans from other banks may demand higher markup rates or larger upfront payments, especially for the same car model. UBL’s simplified documentation process and swift approval make it more attractive for first-time car buyers or salaried professionals.
An auto industry analyst remarked, “With inflation hitting middle-income earners the hardest, offers like UBL’s for the KIA Picanto provide a practical solution. The residual value financing model is particularly beneficial for customers who plan to trade in or upgrade their car within a few years.”
Ready to get behind the wheel of your dream car without breaking the bank? Visit the UBL Drive Application Portal today and explore this incredible KIA Picanto car financing offer. Don’t miss out—drive smarter, not harder!
