Honda BR-V Installment Plans in Pakistan 2025 & Latest Price
Want to buy the Honda BR-V in Pakistan? Here’s a simple guide on its price, installment plans, banks, and how to apply in easy English.
Price
- Base Price (Ex-Factory): PKR 6,299,000 (i-VTEC S CVT variant)
- Final Price:
- Lahore: PKR 6,359,000 (tax filers) or PKR 6,459,000 (non-filers, includes PKR 10,000 destination charge + PKR 150,000 tax).
- Karachi: PKR 6,378,000 (tax filers) or PKR 6,478,000 (non-filers, includes PKR 29,000 destination charge + PKR 150,000 tax).
- Extra costs like freight, registration, and paperwork apply (varies by city).
Installment Plans
Honda offers financing for the BR-V through banks like Meezan Bank. Below are sample plans for 2025:
5-Year Plan (Meezan Bank, Sharia-Compliant)
- Price: PKR 6,299,000
- Down Payment: 30% (PKR 1,889,700, includes PKR 3,100 processing fee)
- Monthly Payment: PKR 90,000 (approx.)
- Residual Value: 20% (PKR 1,259,800, payable at end)
- Tenure: 60 months
- Note: Rates may vary based on bank terms and credit profile.
3-Year Plan (Bank Alfalah)
- Price: PKR 6,299,000
- Down Payment: 30% (PKR 1,889,700)
- Monthly Payment: PKR 150,000 (approx., based on 1-year KIBOR + 2.5% markup)
- Tenure: 36 months
- Note: Offers competitive insurance rates (~2%).
Note: Insurance (PKR 80,000–120,000 yearly) and processing fees (PKR 10,000–30,000) apply. Plans depend on stock and bank policies. Contact banks for exact 2025 rates.
Banks Offering Plans
These banks provide financing for the Honda BR-V:
- Meezan Bank: Sharia-compliant Ijarah plans, 3–5 years, 30% down payment, payments from PKR 90,000.
- Bank Alfalah: Conventional loans, 3–5 years, 30–50% down payment, payments ~PKR 150,000–180,000.
- UBL: Conventional loans, 3–5 years, 30–50% down payment, payments ~PKR 100,000–160,000 with residual value option.
- Bank Islami: Sharia-compliant plans, 3–5 years, 30% down payment.
- Allied Bank: Conventional loans, 3–5 years, 30–50% down payment.
Note: Terms depend on your income and credit history. Call banks for 2025 interest rates, as they may change.
How to Apply
- Visit a Dealer: Go to a Honda showroom (Karachi, Lahore, Islamabad, etc.) or check honda.com.pk for dealers.
- Choose a Plan: Pick a bank’s 3–5 year plan (e.g., Meezan’s PKR 90,000/month plan).
- Submit Documents: Provide CNIC, income proof (salary slips, bank statements, or business papers), and a utility bill.
- Pay Down Payment: Pay the upfront amount (e.g., PKR 1,889,700 for Meezan’s plan).
- Wait for Approval: Bank or dealer verifies documents (1–2 days).
- Sign Papers: Review and sign the financing agreement.
- Get Your Car: Take delivery of the BR-V. Full payment means instant delivery; partial payment may take 30–60 days if stock is low.
Tip: Book early due to high demand for this 7-seater. Test drives available at major dealers. Call Honda at 021-111-466-321 for support.
Extra Info
- Booking Fee: Around PKR 1,000,000–1,500,000 (confirm with dealer).
- Rivals: Compare with Suzuki Vitara, Proton X70, or Toyota Rush. BR-V offers better space and features for families but has moderate resale value.
- Maintenance: Locally assembled, so parts are available but can be expensive. Honda’s service network is reliable. 3-year warranty included.
- Fuel: 11–15 km/L (city/highway), decent for a 7-seater SUV with a 42L tank.
For the latest details, visit honda.com.pk or contact banks like Meezan, Bank Alfalah, or UBL. Always verify terms with dealers or banks before signing.
