KIA Picanto 2025 Price & Easy Installment Plans with 0% Intresest Rate in Pakistan

Want to buy the KIA Picanto in Pakistan? Here’s a simple guide on its price, installment plans, banks, and how to apply.

Price

• Base Price (1.0 MT): PKR 3,600,000 (ex-factory)
• Base Price (1.0 AT): PKR 3,940,000 (ex-factory, effective May 1, 2025)
• Final Price: Around PKR 3,672,000 (MT) or PKR 4,018,800 (AT) for tax filers (includes 2% withholding tax: PKR 72,000 for MT, PKR 78,800 for AT). Non-filers pay more. Add extra costs like freight, registration, and paperwork (varies by city).

Installment Plans

KIA offers flexible installment plans for the Picanto through partner banks. Below are the latest options for 2025:

5-Year Plan (Bank Islami, Sharia-Compliant)

• Model: Picanto 1.0 AT
• Ex-Factory Price: PKR 3,940,000
• Down Payment: 30% (PKR 1,182,000)
• Monthly Payment: PKR 56,780
• Tenure: 60 months
• Note: Immediate delivery.

5-Year Plan (Meezan Bank, Sharia-Compliant)

• Model: Picanto 1.0 AT
• Ex-Factory Price: PKR 3,940,000
• Down Payment: 30% (PKR 1,182,000)
• Monthly Payment: PKR 57,000
• Tenure: 60 months
• Note: Rates may vary slightly based on bank terms.

5-Year Plan (Allied Bank)

• Model: Picanto 1.0 AT
• Ex-Factory Price: PKR 3,940,000
• Down Payment: 30% (PKR 1,182,000)
• Monthly Payment: PKR 58,000 (approx., subject to bank rates)
• Tenure: 60 months
• Note: Check with Allied Bank for 2025 rates.

Note: Insurance (PKR 50,000–100,000 yearly) and processing fees (PKR 10,000–30,000) apply. Plans depend on stock and bank policies. The 1.0 MT variant may have slightly lower monthly payments (around PKR 52,000–55,000) due to its lower price. Contact banks for exact terms.

Banks Offering Plans

These banks provide financing for the KIA Picanto:

• Bank Islami: Sharia-compliant plans, 3–5 years, 30–50% down payment, monthly payments as low as PKR 56,780.
• Meezan Bank: Islamic Ijarah plans (rent-to-own), 3–5 years, 30% down payment, payments around PKR 57,000.
• Allied Bank: Conventional loans, 3–5 years, 30% down payment, payments around PKR 58,000.
• Bank Alfalah: 3–5 year loans, 30–50% down payment, with optional residual value to lower monthly costs.
• UBL: Up to 5-year loans, 30–50% down payment, with flexible final payment options.

Note: Terms depend on your income and credit history. Call banks for 2025 interest rates, as they may change.

How to Apply

1. Visit a Dealer: Go to a KIA showroom (Karachi, Lahore, Islamabad, etc.) or check kia-luckymotorcorp.com for dealers.
2. Choose a Plan: Pick a bank’s 3–5 year plan (e.g., Bank Islami’s PKR 56,780/month plan).
3. Submit Documents: Provide CNIC, income proof (salary slips, bank statements, or business papers), and a utility bill.
4. Pay Down Payment: Pay the upfront amount (e.g., PKR 1,182,000 for 30% on 1.0 AT).
5. Wait for Approval: Bank or dealer verifies documents (1–2 days).
6. Sign Papers: Review and sign the financing agreement.
7. Get Your Car: Take delivery of the Picanto. Full payment means instant delivery; partial payment may take 30–60 days if stock is low.

Tip: Book early due to limited stock. Test drives available at major dealers. Call KIA at 021-111-111-542 for support.

Extra Info

• Booking Fee: Around PKR 800,000–1,000,000 (confirm with dealer).
• Rivals: Compare with Suzuki Cultus, Suzuki Wagon-R, or Changan Alsvin for similar hatchbacks. Picanto offers better safety features (airbags, ABS) but lower fuel efficiency (12–15 km/L).
• Maintenance: Locally assembled, so parts are available, but they’re pricey compared to Suzuki.
• Fuel: 12–15 km/L (city/highway), not as good as Cultus or Wagon-R.

For the latest details, visit kia-luckymotorcorp.com or contact banks like Bank Islami, Meezan, or Allied Bank. Always verify terms with dealers or banks before signing.