Estimate your monthly installments instantly. Fixed & Variable rates. Apply online in minutes.
14–17%Interest Rate p.a.
1–5 YrsTenure
30%+Min. Down Payment
New & UsedVehicle Types
PKR 5MMax Financing
UBL Drive Calculator
Fill in the details below to get your estimated monthly payment · Apply Now ↗
PKR
* Existing Customer: Maintains deposit or consumer finance relationship with UBL for more than one year. New to Bank: Does not maintain deposit or consumer finance relationship with UBL for less than one year.
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Please fill the complete form with appropriate values.
📌 Note: Calculations are indicative only. Actual interest rate, processing fee, and insurance charges may vary. Non-filer tax of 4% is applicable on vehicle price for non-tax filers.
What is UBL Drive?
UBL Drive is United Bank Limited’s consumer car financing product that lets you purchase a new or used vehicle on easy monthly installments. It covers both locally assembled and imported vehicles, with a maximum financing amount of up to PKR 5,000,000 per car.
UBL Drive offers both Fixed and Variable (KIBOR-linked) rate options with a financing tenure of 1 to 5 years. A free tracker is also provided with the financed vehicle.
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New, Used & Imported Cars
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Fixed & Variable Rates
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Free Tracker Included
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Up to PKR 5 Million
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Existing & New Customers
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Online Application
Eligibility Criteria
👔 Salaried Individuals
Pakistani national with valid CNIC
Age: minimum 21 years; maximum 60 years at loan maturity
Minimum 6 months employment history
Minimum monthly take-home income: PKR 35,000
Debt Burden Ratio must not exceed 50% of net income
Clean eCIB report required
🏢 Self-Employed / Businessmen
Pakistani national with valid CNIC
Age: minimum 21 years; maximum 65 years at loan maturity
Minimum 2 years in current business
Minimum monthly income: PKR 50,000
Valid business proof required
Debt Burden Ratio must not exceed 50% of net income
Existing Customer: Maintains a deposit or consumer finance relationship with UBL for more than one year. | New to Bank: Does not have an existing UBL relationship or has been with the bank for less than one year.
Interest Rates & Charges
Rates below are indicative and may vary based on vehicle type, customer segment, and prevailing KIBOR at time of disbursement.
Type
Customer
New Vehicle
Used Vehicle
Fixed Rate
Existing Customer
~14.5% p.a.
~15.0% p.a.
Fixed Rate
New to Bank
~15.0% p.a.
~15.5% p.a.
Variable Rate
Existing Customer
KIBOR + 3%
KIBOR + 3.5%
Variable Rate
New to Bank
KIBOR + 3.5%
KIBOR + 4%
* Rates are indicative only. Verify current rates from UBL before applying.
Processing & Other Charges
Charge
Amount
Processing Fee
PKR 13,560 (approx.) — non-refundable
1st Year Insurance
~2% of vehicle value (varies by insurer)
Document Charges
At actual
Non-Filer Tax
4% of vehicle price at disbursement
Tracker
Free (included)
Required Documents
Salaried Individuals
Copy of CNIC
Latest salary slip (1–3 months)
Employment certificate / appointment letter
Last 6 months bank statement
Vehicle proforma invoice from dealer
Four recent passport-size photographs
Self-Employed / Businessmen
Copy of CNIC
Business proof (NTN, Partnership Deed, or ownership certificate)
Last 6 months business bank statement
Latest 2 years tax returns
Vehicle proforma invoice from dealer
Four recent passport-size photographs
How to Apply for UBL Drive
Applying for UBL Drive is simple — apply online through UBL Digital or visit any UBL branch across Pakistan.
1
Calculate Online
Use the calculator above to estimate monthly payments
2
Apply Online / Branch
Submit application via UBL Digital or any branch
3
Submit Documents
Attach CNIC, salary slips, bank statements & proforma
4
Get Approval & Drive
Receive approval, pay down payment, collect your car
Frequently Asked Questions
What is the difference between Fixed and Variable rate in UBL Drive?
A Fixed rate stays the same throughout the loan tenure — your monthly installment never changes. A Variable rate is linked to KIBOR and can go up or down with market rates. Fixed is better for budgeting; Variable can be cheaper if rates fall.
What is the minimum down payment for UBL Drive?
The minimum down payment for UBL Drive is 30% of the vehicle value. You can choose up to 70% to reduce your monthly installments.
Can I finance a used or imported vehicle?
Yes, UBL Drive covers new locally assembled vehicles as well as used and imported vehicles. Interest rates may be slightly higher for used vehicles.
What extra cost applies if I am a Non-Filer?
Non-filers are charged an additional Advance Tax of 4% of the vehicle purchase price at the time of disbursement, on top of all other standard charges.
How long does the approval process take?
UBL Drive applications are typically processed within 5–7 working days after all required documents are submitted. Existing customers with clean credit may receive faster approvals.
Can I pay off the loan early?
Yes, early settlement is possible. UBL may charge an early settlement fee. Contact your branch or UBL customer service for the current policy.
Ready to Apply for UBL Drive?
Calculate your installments above, then apply directly via UBL Digital.
