BOK Foree Car
Loan Calculator 2026
Calculate your monthly installments instantly. Conventional & Islamic modes both available.
BOK Foree Car Loan Calculator
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What is BOK Foree Car Loan?
BOK Foree Car is the consumer car financing product of The Bank of Khyber, designed to help you drive home your dream vehicle through easy monthly installments. It is available in both conventional and Islamic modes of financing, making it accessible to a wide range of customers across Pakistan.
The facility covers newly manufactured/assembled vehicles in Pakistan, with a maximum bank exposure of PKR 3.0 million and tenure options from 12 to 60 months. The vehicle is jointly registered in the name of the customer and BOK until the loan is fully paid.
Eligibility Criteria
👔 Salaried Individuals
- Age21 to 60 years at the time of application
- EmploymentMinimum 2 years continuous employment history
- Income TestMonthly installment must not exceed ⅓ (33%) of net monthly income
- Down PaymentMinimum 30% of vehicle value
- Credit HistoryClean eCIB and data check required
- NationalityPakistani national with valid CNIC
🏢 Businessmen / Self-Employed
- Age21 to 65 years at the time of application
- Business ExperienceMinimum 3 years continuous engagement in current business or profession
- Income TestMonthly installment must not exceed ⅓ (33%) of net monthly income
- Down PaymentMinimum 30% of vehicle value
- Credit HistoryClean eCIB and data check required
- NationalityPakistani national with valid CNIC
Financing Details & Markup Rates
BOK Foree Car uses a variable markup rate linked to 1-Year KIBOR plus a spread ranging from 2% to 5% per annum. The final spread applied depends on the applicant’s risk rating score assessed at the time of application.
| Parameter | Detail |
|---|---|
| Mode of Financing | Conventional (transitioning to Islamic) — Islamic mode also available |
| Maximum Bank Exposure | PKR 3,000,000 (PKR 3 million) or as per SBP regulations |
| Minimum Down Payment | 30% of the vehicle value |
| Tenure | 12, 24, 36, 48 or 60 months |
| Markup Rate | Variable — 1-Year KIBOR + 2% to 5% spread (based on risk rating) |
| DBR Limit | Monthly installment ≤ ⅓ of net monthly income |
| Insurance | Compulsory Life & Vehicle Insurance (conventional) / Takaful (Islamic) |
| Vehicle Registration | Joint registration — Customer & BOK |
| Early Settlement | Partial & pre-mature adjustments allowed |
| Eligible Vehicles | New vehicles manufactured / assembled in Pakistan only |
* Markup rates are indicative and subject to change based on prevailing KIBOR and bank’s credit policy. Verify current rates at any BOK branch before applying.
Required Documents
Salaried Individuals
- Copy of valid CNIC
- Latest salary slip (1–3 months)
- Employment certificate / appointment letter
- Last 6 months bank statement (salary account)
- Vehicle proforma invoice from authorized dealer
- Duly filled BOK loan application form
Businessmen / Self-Employed
- Copy of valid CNIC
- Business ownership proof (NTN, partnership deed, etc.)
- Last 6 months business bank statement
- Latest 2 years tax returns
- Vehicle proforma invoice from authorized dealer
- Duly filled BOK loan application form
How to Apply
You can apply for BOK Foree Car by visiting any Bank of Khyber branch. The bank has a wide branch network primarily across KPK, FATA, AJK and other major cities of Pakistan.
Calculate
Use calculator above to estimate your monthly installment
Visit BOK Branch
Go to your nearest Bank of Khyber branch
Submit Documents
Fill application form and attach all required documents
Get Approval
Pay down payment after approval and receive your vehicle
Frequently Asked Questions
Ready to Apply for BOK Foree Car?
Calculate your installments above, then visit your nearest Bank of Khyber branch.