If you are planning to buy Toyota Yaris GLi 2023, you can avail installment plan via Bank Alfalah’s Auto Loan and pay for the vehicle is easy monthly installments rather than making the full payment upfront, which can be hard for many people.
Buying a vehicle has become extremely difficult in Pakistan with constantly rising prices due to currency devaluation (USD to PKR) and increasing inflation, which has impacted the buying power of majority of the citizens in the country.
In this article, we are going to discuss the installment plan for Toyota Yaris GLi 2023 (1.3 M/T and CVT) that is being provided by Bank Alfalah’s Auto Loan. However, let us discuss some of the specifications of the vehicle before diving into details regarding the installment plan.
Overview
Toyota Indus Motor Company (IMC) launched the Toyota Yaris in 2020 and replaced the Toyota Corolla’s XLi and GLi variants in the country. It is pertinent to mention that Indus Motor Company (IMC) still continues to offer the Toyota Corolla Altis in Pakistan.
Specifications
The Toyota Yaris GLi 1.3 comes equipped with a 1329cc engine that is capable of producing 98 horsepower (hp) and 123 Newton-meters (Nm) of torque, while mated with a 5-speed manual transmission (M/T) system or a Constant Variable Transmission (CVT).
In terms to features, the vehicle offers side mirrors with indicators, an infotainment system with Bluetooth connectivity, Android Auto, and Apple Car Play.
Furthermore, there are several safety features in the vehicle, including the following:
- 2 Airbags,
- Immobilizer
- Anti-Lock Braking System (ABS)
- Electronic Brake-Force Distribution (EBD)
- Brake Assist (BA)
- Autonomous Emergency Braking (AEB)
- Blind Spot Detection (BSD)
- Speed-Sensing Auto Door Lock
- Door Open Warning
- Child Lock
- High Mount Stop Lamp
- Traction Control
- Rear Fog Lamp
- Lane Departure Warning
- Lane Keep Assist
Toyota Yaris GLi Price in Pakistan
The price of Toyota Yaris GLi 1.3 M/T in Pakistan is Rs. 3,539,000, which makes it the cheapest sedan being offered by Toyota Indus Motor Company (IMC). Meanwhile, the Toyota Yaris GLi 1.3 CVT costs Rs. 3,769,000. Furthermore, the mentioned price is Ex-Factory Karachi and will be slightly different based on your city and freight charges.
Bank Alfalah Auto Loan
Suzuki Wagon R VXL is available on easy installment plan through Bank Alfalah Auto Loan, which provides the following features to customers:
- 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)
Toyota Yaris GLi 2023 Installment Plan
According to Bank Alfalah’s website, their Auto Loan service is providing Toyota Yaris GLi M/T 2023 on an easy 3-year installment plan through a down payment / margin of just Rs. 1,061,700 (30%) with a monthly installment / payment of just Rs. 92,318.
Similarly, the Toyota Yaris GLi 1.3 CVT installment plan can be availed through a down payment of Rs. 1,130,700 (30%) with a monthly installment / payment of Rs. 98,318 for 3 years with Bank Alfalah contributing Rs. 2,638,300.
However, there may be additional charges upfront in the form of vehicle registration tax and processing fee. Furthermore, this is a variable installment plan for Toyota Yaris GLi 2023 and monthly installment is tentative and subject to change based on KIBOR rate on each loan anniversary.
Installment Plan Breakdown
| – | Yaris GLi MT | Yaris GLi CVT |
|---|---|---|
| Car Price | Rs. 3,539,000 | Rs. 3,769,000 |
| Down Payment | Rs. 1,061,700 | Rs. 1,130,700 |
| Alfalah Bank Participation | Rs. 2,477,300 | Rs. 2,638,300 |
| Monthly Installment | Rs. 92,318 | Rs. 98,318 |
Please note that approval of loan application depends on the bank and this information does guarantee a car on installments from the bank. According to Bank Alfalah, the cases will be processed subject to satisfaction of Debt Burden Ratio (DBR) (as per Prudential Regulation’s- State Bank of Pakistan), Bank’s internal credit policy and due diligence checks.
For more information regarding the Toyota Yaris GLi 2023 Installment Plan, you can visit Bank Alfalah’s official website at www.bankalfalah.com, which has all the information about availing the Auto Loan.
To check out installment plans for other vehicles, including the Suzuki Wagon R, make sure to visit our automotive section. Meanwhile, you should also check out details of the installment plan for Suzuki Alto VXL in Pakistan.
Read more: Suzuki Alto VXL AGS 2023 Installment Plan in Pakistan.
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