On the Alto installment plan Meezan Bank offers through Car Ijarah, a Suzuki Alto VXR (Rs 29,94,861) costs about Rs 56,598 a month with a 30% deposit over 5 years, including takaful and tracker. You pay Rs 8,98,458 deposit upfront and need a take-home salary of about Rs 1,13,200. The automatic Alto VXR AGS costs about Rs 59,652 and the VXL AGS about Rs 62,499 a month on the same terms.
Last updated: 2 November 2026 by Ahmed. Prices and rates checked on Meezan Bank’s website on 2 November 2026.
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Try your own deposit and tenure in our free Meezan Bank Car Loan Calculator. It uses Meezan’s formula and price list and matched Meezan’s own figures to the rupee in our tests.
Want a Suzuki Alto on installment from Meezan Bank in 2026? The tables below show the 2026 price of each Alto variant, the monthly rent for every deposit and tenure, the total cost and the salary you need.
Alto Installment Plan Meezan Bank: Every Deposit and Tenure (VXR)
Car price Rs 29,94,861. Monthly rent including takaful and tracker, at Meezan’s 15% profit rate.
| Deposit | 1 year | 2 years | 3 years | 4 years | 5 years |
|---|---|---|---|---|---|
| 30% (Rs 8,98,458) | Rs 1,96,572 | Rs 1,08,815 | Rs 79,673 | Rs 65,198 | Rs 56,598 |
| 40% (Rs 11,97,944) | Rs 1,69,541 | Rs 94,293 | Rs 69,292 | Rs 56,864 | Rs 49,473 |
| 50% (Rs 14,97,431) | Rs 1,42,510 | Rs 79,772 | Rs 58,910 | Rs 48,529 | Rs 42,348 |
| 60% (Rs 17,96,917) | Rs 1,15,479 | Rs 65,251 | Rs 48,528 | Rs 40,194 | Rs 35,223 |
Each extra 10% deposit lowers the 5-year rent by about Rs 7,100 a month.
Alto Installment Plan Meezan Bank: VXR AGS and VXL AGS
| Variant (price) | Deposit | 3 years | 5 years |
|---|---|---|---|
| Alto VXR AGS (Rs 31,66,480) | 30% | Rs 84,050 | Rs 59,652 |
| Alto VXR AGS | 50% | Rs 62,097 | Rs 44,586 |
| Alto VXL AGS (Rs 33,26,446) | 30% | Rs 88,129 | Rs 62,499 |
| Alto VXL AGS | 50% | Rs 65,067 | Rs 46,671 |
What Makes Up the Alto Installment
For the Alto VXR with a 30% deposit over 5 years:
| Part | Monthly |
|---|---|
| Rent for the car (15% profit) | Rs 49,873 |
| Takaful (Islamic insurance) | Rs 3,424 |
| Tracker | Rs 3,300 |
| Total | Rs 56,598 |
Takaful here follows Meezan’s calculator (about 1.5% of the price in year one). Meezan’s Car Ijarah page lists takaful at 1.99% with EFU or Adamjee, so your actual figure can be slightly higher.
Total Cost of an Alto on Meezan Car Ijarah
| Plan | Upfront | Total paid | Extra over cash price |
|---|---|---|---|
| 30% deposit, 3 years | Rs 9,02,866 | Rs 37,71,094 | Rs 7,76,233 |
| 30% deposit, 5 years | Rs 9,02,866 | Rs 42,98,746 | Rs 13,03,885 |
| 50% deposit, 5 years | Rs 15,01,839 | Rs 40,42,718 | Rs 10,47,857 |
Totals include the deposit, all rentals and the processing fee (Rs 3,800 + FED). The “extra” also covers 5 years of takaful and tracker, which you would pay for in some form even if you bought the car in cash.
Salary Needed for an Alto on Installment
For the Alto installment plan Meezan Bank needs your take-home pay to be at least twice the monthly rent (50% of your spouse’s income can be added), and all loan installments together within 40% of take-home pay.
| Plan | Monthly rent | Take-home needed |
|---|---|---|
| Alto VXR, 30%, 5 years | Rs 56,598 | About Rs 1,13,200 |
| Alto VXR, 50%, 5 years | Rs 42,348 | About Rs 84,700 |
| Alto VXR, 60%, 5 years | Rs 35,223 | About Rs 70,400 |
| Alto VXL AGS, 30%, 5 years | Rs 62,499 | About Rs 1,25,000 |
If your salary is around Rs 80,000 to 1 lakh, a 50% to 60% deposit is usually what makes the Alto affordable.
Alto on Residual Value Ijarah
With Residual Value Ijarah you pay a lump sum at the end (or return the car) and get a lower rent. Alto VXR, 30% deposit:
| Tenure | Residual value | Monthly rent |
|---|---|---|
| 3 years | 50% (about Rs 14,97,000) | Rs 46,482 |
| 4 years | 50% (about Rs 14,97,000) | Rs 42,242 |
| 5 years | 40% (about Rs 11,98,000) | Rs 43,073 |
These residual-value rents are our estimate using Meezan’s published residual values. Confirm the exact figure with your branch.
Alto Installment for Overseas Pakistanis
Through a Roshan Digital Account, you can lease an Alto for up to 7 years from a 15% deposit at 13.90% to 14.37%:
| Deposit | 3 years | 5 years | 7 years |
|---|---|---|---|
| 15% (Rs 4,49,229) | Rs 94,361 | Rs 66,417 | Rs 54,718 |
| 30% (Rs 8,98,458) | Rs 78,942 | Rs 55,880 | Rs 46,207 |
There is no processing fee for Roshan Digital customers, and the car is delivered to a close relative in Pakistan. Details: Meezan Car Ijarah for overseas Pakistanis.
How to Get the Alto Installment Plan Meezan Bank Offers
- Check your figure in the calculator and make sure your take-home pay is at least twice the rent.
- Visit a Meezan branch with your CNIC, latest pay slip or business proof, and 6 months’ bank statements.
- Pay the security deposit and processing fee once approved (Meezan says 1 to 7 working days).
- Meezan books the car with Pak Suzuki. Your rent starts after delivery.
FAQ
What is the Alto installment plan Meezan Bank offers for 5 years?
About Rs 56,598 a month for the Alto VXR with a 30% deposit, including takaful and tracker. With a 50% deposit it falls to about Rs 42,348.
What is the minimum down payment for an Alto on Meezan Bank?
30% of the price, which is Rs 8,98,458 for the VXR, plus a processing fee of about Rs 4,400.
Can I get an Alto for 3 years on Meezan Bank?
Yes. With a 30% deposit the Alto VXR costs about Rs 79,673 a month over 3 years.
Is the Alto installment fixed?
Yes. Car Ijarah uses a fixed profit rate, so your rent stays the same for the whole lease unless takaful changes at renewal.
Which Alto variant is best on installment?
The VXR is the cheapest at Rs 56,598 a month over 5 years. The VXR AGS adds an automatic gearbox for about Rs 3,000 more a month, and the VXL AGS adds more features for about Rs 5,900 more.
FAQs (Roman Urdu)
Meezan Bank se Alto qiston par kitne ki milti hai?
Alto VXR 30% deposit ke saath 5 saal ke liye taqreeban Rs 56,598 mahana. 50% deposit par taqreeban Rs 42,348.
Alto ke liye kitni salary chahiye?
Taqreeban Rs 1,13,200 take-home salary, taake qist aap ki tankhwah ka 50% se zyada na ho.
Alto ka minimum down payment kitna hai?
30%, yani VXR ke liye Rs 8,98,458 aur taqreeban Rs 4,400 processing fee.
Kya overseas Pakistani bhi Alto le sakte hain?
Haan, Roshan Digital Account ke zariye Meezan Car Ijarah par apply kar sakte hain.
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