KARACHI: The United Bank Limited (UBL) has introduced a new auto financing scheme, branded as UBL Drive, aimed at making car ownership more accessible and affordable for its customers.
This offer specifically targets the KIA Picanto 1.0 AT, allowing buyers to purchase the vehicle with low upfront payment and convenient monthly installments. The initiative is part of UBL’s strategy to enhance consumer financing options by providing flexible terms and competitive rates, making it easier for individuals to own a reliable and fuel-efficient vehicle.
Under this new scheme, customers can finance the KIA Picanto 1.0 AT for as little as Rupees. 49,108 per month. This attractive rate is fixed at 14.50% and is based on a 50% residual value structure, making the popular hatchback more accessible.
The total price of the KIA Picanto is set at Rupees. 3,940,000. To avail of this offer a down payment of Rupees. 1,182,000 is required from the customer.
The remaining balance of Rupees. 2,758,000 can be financed through UBL. Customers have the flexibility to choose a repayment tenure ranging from one to five years allowing them to tailor the plan to their financial convenience.
