Purchasing a Toyota Corolla in Pakistan can be made more accessible through various financing options and installment plans. Here’s a comprehensive overview to guide you:
Toyota Corolla Variants and Pricing
As of 2025, the Toyota Corolla Price in Pakistan is available in several variants with the following ex-factory prices:
- Altis X Manual 1.6: PKR 5,969,000
- Altis 1.6 X CVT-i: PKR 6,769,000
- Altis X CVT-i 1.8: PKR 7,089,000
- Altis Grande X CVT-i 1.8 (Beige Interior): PKR 7,509,000
- Altis Grande X CVT-i 1.8 (Black Interior): PKR 7,549,000
These prices are subject to change and may vary based on additional features or optional packages.
Financing Options and Installment Plans
To facilitate customers, Toyota Pakistan has collaborated with various financial institutions to offer attractive financing solutions:
- Meezan Bank Limited (MBL): In partnership with Toyota Indus Motor Company (IMC), MBL offers an exclusive installment plan for the Toyota Corolla and Yaris models. This plan guarantees prompt car delivery within just 10 working days. Interested customers can visit any authorized Toyota dealership to benefit from this offer.
- MCB Car4U: Toyota Pakistan has also collaborated with MCB Car4U to introduce affordable financing solutions, making it easier for customers to own Toyota vehicles like the Yaris, Corolla, or Corolla Cross. These plans offer competitive rates, exclusive benefits, and faster delivery options.
- BankIslami: Another collaboration is with BankIslami, providing customers with additional financing options to suit their needs.
Steps to Avail Financing
- Choose Your Variant: Decide on the Toyota Corolla variant that best fits your requirements and budget.
- Visit Authorized Dealerships: Contact or visit authorized Toyota dealerships to inquire about available financing options and current promotions.
- Select a Financing Partner: Based on the offerings, choose a financial institution that provides terms aligning with your financial situation.
- Application Process: Complete the necessary documentation and application forms as required by the chosen financing partner.
- Approval and Delivery: Upon approval, finalize the payment plan and take delivery of your new Toyota Corolla.
Considerations
- Markup Rates: Different banks offer varying markup rates. For instance, the collaboration with MCB Car4U offers a competitive overall mark-up rate of 1Y Kibor +3%.
- Tenure: Financing tenures can vary, so choose a plan that offers manageable monthly installments.
- Additional Costs: Be aware of other expenses such as insurance, registration fees, and taxes that may not be included in the financing plan.
Conclusion
Toyota Pakistan’s collaborations with various financial institutions have made owning a Toyota Corolla more attainable through flexible installment plans and financing options.
