How much will Suzuki Alto VXR 2022 cost on 5 year installment from Faysal Islamic Bank?
Suzuki Alto VXR 2022 model from Faysal Bank on easy installments of 5 years How much will be the monthly installment How much advance payment will have to be paid
How much markup will Faisal Bank take on Suzuki Alto? How much more will the car cost you in 5 years than the cash price? Complete information.
Remember that what I will tell you is the markup of the bank, this markup may be lower or higher
FAYSAL BANK LIMITED – FAYSAL ISLAMIC CAR FINANCE INSTALLMENT CALCULATION SHEET
| FACILITY TYPE Diminishing Musharakah |
| MAKE & MODEL Suzuki Alto Vxr 2022 |
| YEAR OF MANUFACTURE 2022 |
| TOTAL COST OF VEHICLE Rs.1,976,000 |
| DOWN PAYMENT (IN %age) 30.00% |
| DOWN PAYMENT (IN Rs.) Rs.592,800 |
| FINANCE AMOUNT Rs.1,383,200 |
| TENOR IN YEARS 5 |
| KIBOR 8.04% MARGIN 7.25% PRICING 15.29% TAKAFUL RATE 2.00% MONTHLY TRACKER FEE (Excl. FED) 1,400 RATE PER MONTH 1.26% RENTAL FOR THE 1ST MONTH 21,971 MODE BOOKING |
UP-FRONT PAYMENTS:
| A | DOWN PAYMENT | Rs.592,800 |
| B | REGISTRATION COST | RS 0 |
| C | 1ST YEAR TAKAFUL@ 1.50% | Rs.29,640 |
| D | PROCESSING FEE (including FED) | Rs.8,120 |
| E | TRACKER MANAGEMENT FEE (INCLUDING FED) | Rs.23,200 |
| F | NON-FILER WHT @ 4% OF ASSET VALUE | Rs.0 |
| PAYABLE IN FORM OF CROSS CHQ. OR PAY-ORDER | Rs.653,760 |
REPAYMENT SCHEDULE:
| YEAR | MONTHLY INSTALLMENT | MONTHLY SUPPLEMENTARY RENTAL | MONTHLY ADDITIONAL RENTAL | TOTAL MONTHLY PAYMENT |
| 1 | Rs.32,965 | Rs.2,964 | Rs.1,624 | Rs.37,553 |
| 2 | RS 32,965 | Rs.2,799 | Rs.1,624 | Rs.37,388 |
| 3 | RS 32,965 | Rs.2,635 | Rs.1,624 | Rs.37,224 |
| 4 | RS 32,965 | Rs.2,470 | Rs.1,624 | Rs.37,059 |
| 5 | RS 32,965 | Rs.0 | Rs.1,624 | Rs.34,589 |
(**) Rental wil start after delivery and stage II completion of the vehicle #In case of theft/total loss the takaful claim amount will be shared between the bank and customer as per the ownership proportion, subjected to terms and conditions. * Down payment will be payable after approval of financing. (**) Subject to Annual Revision based on Change in KIBOR #Bank & Customer will share ownership related expenses as per their ownership proportion
in the vehicle. #Registration will be charged as per E.T.O before delivery of vehicle. #Bank will arrange remaining years Takaful.
