New Kia Stonic Can Be Yours For Rs. 66,500 Per Month

Kia has launched a new financing option for its Stonic model in Pakistan, in collaboration with HBL Islamic Car Finance. The deal allows buyers to make monthly payments starting at Rs. 66,469 over a period of up to five years, with an advertised financing rate of 11.99%. The Stonic qualifies for the 5-year financing term because it features a 998cc 1.0-liter turbocharged GDi petrol engine, which is within HBL's limit of 1,000cc.

The Stonic is available in Turbo X and Turbo S models, with the Turbo X priced at Rs. 5,499,000 and the Turbo S priced at Rs. 5,899,000, both prices excluding freight and insurance. HBL Islamic Car Finance operates on a Diminishing Musharakah model, where the bank and customer jointly own the vehicle, and the customer gradually purchases the bank's share.

The standard financing calculator allows a security deposit ranging from 30% to 50% of the vehicle's price. Applicants must be Pakistani citizens and meet HBL's eligibility criteria, which includes a minimum monthly income of Rs. 35,000. The advertised installment, five-year tenure, and financing rate are subject to eligibility, security deposit, Takaful charges, and other applicable terms and conditions.