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Suzuki Rolls Out EMI Plan for Every
Carr.pk
Suzuki, in partnership with Bank Alfalah, has announced a new financing scheme for the Every. The plan allows customers to purchase the vehicle in monthly installments, with specific financing and insurance rates.
The following table outlines the key figures and details of the offer:
| Feature | Details |
| Banking Partner | Bank Alfalah |
| Financing Rate | 1-Year KIBOR + 3% |
| Insurance Rate | 1.5% |
| Starting Installment | PKR 33,562 |
| Stated Benefit Value | PKR 200,000 |
What Does “KIBOR + 3%” Actually Mean?
The 1-Year KIBOR + 3% formula sets the interest rate by adding a fixed 3% bank margin to the existing SBP rate, e.g., 10.5% as of now, with the total percentage being locked in for 12 months and updated annually on the loan’s anniversary.
