Soneri Car Finance
Calculator 2026
Fixed Rate at 14.50% or Variable at KIBOR+2.5%. New & used locally assembled vehicles. Fast approvals, no prepayment penalty.
Soneri Car Finance Calculator
Choose your product type, adjust sliders, and get instant estimate · View on Soneri Bank ↗
Repayment Schedule
| Month | Opening Balance | Markup | Principal | Installment |
|---|
Soneri Car Finance — Overview
Soneri Bank makes car ownership simple and affordable. With two competitive financing options — a discounted fixed rate of 14.50% and a variable rate at KIBOR+2.5% — you can choose the option that best suits your financial plan. Both options cover brand new and used locally assembled vehicles with a maximum financing of PKR 3,000,000.
A standout feature of Soneri Car Finance is no processing fee if your application is declined — you only pay once your loan is approved. There is also no prepayment penalty, giving you full flexibility to settle early or make balloon payments without any charges.
Product Comparison — Fixed vs Variable
| Feature | Fixed Rate Product | Variable Rate Product |
|---|---|---|
| Markup Rate | 14.50% p.a. (fixed for full tenure) | 1-Year KIBOR + 2.5% (currently ~13.39%) |
| Rate Revision | Never — fixed throughout tenure | Revised annually based on KIBOR |
| Processing Fee | Applicable 100% (after approval) | Standard (waived if declined) |
| Max Finance | PKR 3,000,000 | PKR 3,000,000 |
| Tenure (up to 1000CC) | Up to 5 years | Up to 5 years |
| Tenure (above 1000CC) | Up to 3 years | Up to 3 years |
| Min Down Payment | 30% of vehicle value | 30% of vehicle value |
| Prepayment Penalty | None — zero penalty | None — zero penalty |
| Used Car Max Age | 9 years at maturity | 9 years at maturity |
| Insurance Rate | From 1.50% with Tracker | From 1.50% with Tracker |
* Fixed rate campaign is a limited-time offer subject to T&Cs. Variable rate based on 1-Year KIBOR as on application date, revised on each anniversary.
Eligibility Criteria
👔 Salaried Individuals
- Pakistani citizen (resident or abroad)
- AgeMaximum 60 years at time of finance maturity
- Permanent Employment — Minimum IncomePKR 25,000 per month net
- Contractual Employment — Minimum IncomePKR 40,000 per month net
- Employment TenureMin 1 year in current job OR 2 years continuous employment with permanent status
- Clean eCIB credit history required
- Debt Burden Ratio must not exceed 40% of gross income
🏢 Business / Self-Employed / Others
- Pakistani citizen
- AgeMaximum 65 years at finance maturity (salaried 60 yrs)
- Self-Employed Professional — Minimum IncomePKR 40,000 per month
- Businessman — Minimum IncomePKR 50,000 per month
- Business ExperienceMinimum 1 year in current business
- Agriculturists and rental income individuals also eligible
- Debt Burden Ratio must not exceed 40% of gross income
Soneri Ladies First Car Finance
Exclusive for Soneri Ladies First Account holders — women can now become the owner of a brand new locally assembled vehicle through the Ladies First Car Finance product. It offers the same competitive financing terms as the standard product, with the added benefit of a free worldwide accidental insurance cover of up to PKR 1 million on the linked Soneri Ladies First Account.
👩 Key Features
- Max FinancingPKR 3,000,000
- Tenure3 years (5 years for up to 1000CC vehicles)
- New and used locally assembled vehicles eligible
- BonusFree worldwide accidental insurance up to PKR 1 million (on Ladies First Account)
- Same eligibility criteria as standard car finance
- Available at all Soneri Bank branches nationwide
🕌 Soneri Mustaqeem Car Ijarah
For customers seeking a Shariah-compliant option, Soneri Bank also offers Soneri Mustaqeem Car Ijarah — a fully Halal car leasing product based on Islamic Ijarah principles through the Soneri Mustaqeem Islamic Banking Division.
- ModeIslamic Ijarah (rental-based, Shariah certified)
- Max FinancingPKR 3,000,000
- Min income: PKR 35,000 (standard) · PKR 100,000 (NRP)
- 35+ dedicated Islamic Banking branches across Pakistan
Frequently Asked Questions
Ready to Apply for Soneri Car Finance?
Calculate your installments above, then contact Soneri Bank or visit your nearest branch.