Honda Atlas in collaboration with Bank Alfalah is providing an easy installment plan for Honda City (1.5L Variants, including Aspire) and Honda BR-V for its customers. According to the details, you can avail Honda City (any 1.5L variant) or Honda BR-V on easy installments of 2 or 3 years with exclusive discount on KIBOR.
It has become increasingly difficult for the average citizen to go and buy a new car with upfront payment due to the current economic conditions, sky-high prices of vehicles, as well as rising inflation in the country.
The installment plan for Honda City (1.5L or Aspire) or BR-V offers customers the option to get their desired vehicle without having to pay the entire amount upfront and get the car with a small down payment with easy monthly payment schedule.
Let’s look at the prices of both vehicles before diving into details about their installment plans. However, it must be noted that we are only going to discuss prices of the Honda City 1.5L variants as Bank Alfalah is only providing installment for the 1.5L variants, including Aspire.
Honda City Price in Pakistan
| Variant | Price (PKR) |
|---|---|
| 1.5L City CVT | 4,139,000 |
| 1.5L City Aspire MT | 4,299,000 |
| 1.5L City Aspire CVT | 4,479,000 |
Honda BR-V Price in Pakistan
Meanwhile, the price of Honda BR-V in Pakistan is Rs. 4,939,000 (w.e.f August 2022) and might change any time considering the current economic conditions and restrictions on the import of Completely Knocked Down (CKD) kits for automotive assemblers in the country.
Alfalah Auto Loan
You can buy the Honda City (1.5L or Aspire) and the Honda BR-V through an easy installment plan using Bank Alfalah’s Auto Loan. According to the details, Bank Alfalah provides the following features while buying a car using its Auto Loan:
- You can choose a locally assembled/manufactured new or used car
- Affordable markup rates to choose from
- Residual value option to lower your instalment
- Partial Payment Option Available
- Option to Defer Insurance & Registration charges
- Zero charges on Car replacement option
- Flexible financing tenure
- Minimum 2 years & Maximum 5 Years (Vehicles up to 1000 CC)
- Minimum 2 years & Maximum 3 Years (Vehicles above 1000 CC)
Honda City (1.5L or Aspire) and Honda BR-V Installment Plan
Now, Bank Alfalah is providing the installment plan for Honda City (1.5L or Aspire) together with Honda BR-V at special promo pricing, which is mentioned below.
Promo Pricing
| Exclusive Variable Rates | 2 Years | 3 Years |
|---|---|---|
| Standard Pricing | *KIBOR + 3.50% | KIBOR + 4.00% |
| Promo Exclusive Pricing | KIBOR + 3.00% | KIBOR + 3.50% |
*1-year KIBOR rate on the first of the month will be used to determine the rate for the entire month.
KIBOR for the month of November -2022 is 16.13%.
Installment Plan Features
The bank is offering the following features with the installment plan for both cars:
Financing Tenure
- 2-3 Years
Priority Delivery
The bank is ensuring priority delivery for Honda BR-V and Honda City (1.5L variants) subject to availability of stock with the manufacturer.
Promo Tenure
November 17, 2022 – January 31, 2023
Insurance
Exclusive Insurance Rate at 1.99% without tracker (Panel Insurance Companies)
This is a copy of the official bank document explaining the installment plan:
For more details regarding the installment plan for Honda City (1.5L or Aspire) and Honda BR-V, you can contact Honda Atlas or Bank Alfalah (042-35888630-9) or email at bal_customercare@bankalfalah.com.
To check out installment plans for other vehicle, make sure to visit our automotive section.
You should also check out details of the Suzuki Alto’s installment plan through Bank Alfalah in case you are a little short on budget.
Read more: Suzuki Alto VXL AGS 2023 Installment Plan in Pakistan.
Send me complete instalment plan of 3 years for BRV