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How much will Suzuki Alto VXR 2022 cost on 5 year installment from Faysal  Islamic Bank?

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:

ADOWN PAYMENTRs.592,800
B REGISTRATION COSTRS 0
C1ST YEAR TAKAFUL@ 1.50%Rs.29,640
DPROCESSING FEE (including FED)Rs.8,120
ETRACKER MANAGEMENT FEE (INCLUDING FED)Rs.23,200
FNON-FILER WHT @ 4% OF ASSET VALUERs.0
PAYABLE IN FORM OF CROSS CHQ. OR PAY-ORDERRs.653,760

REPAYMENT SCHEDULE:

YEARMONTHLY
INSTALLMENT
MONTHLY SUPPLEMENTARY RENTALMONTHLY ADDITIONAL RENTALTOTAL MONTHLY
 PAYMENT
 
1Rs.32,965Rs.2,964Rs.1,624Rs.37,553
2RS 32,965Rs.2,799Rs.1,624Rs.37,388
3RS 32,965Rs.2,635Rs.1,624Rs.37,224
4RS 32,965Rs.2,470Rs.1,624Rs.37,059
5RS 32,965Rs.0Rs.1,624Rs.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.

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