๐Ÿš— UBL Drive โ€” Conventional Car Financing

UBL Car Loan Calculator 2026

Estimate your monthly installments instantly. Fixed & Variable rates. Apply online in minutes.

14โ€“17%Interest Rate p.a.
1โ€“5 YrsTenure
30%+Min. Down Payment
PKR 5MMax Financing

UBL Drive Calculator

Fill in the details below to get your estimated monthly payment  ยท  Apply Now โ†—

PKR
Existing Customer: Maintains a deposit/finance relationship with UBL for over one year.
New to Bank: No such relationship, or less than one year.

Your estimated monthly payment

PKR โ€”
Interest Rateโ€”
Processing FeePKR 13,560 (approx.)
Down Paymentโ€”
1st Year Insurance (~2%)โ€”
Non-Filer Tax (4% of price)โ€”
Total Loan Amountโ€”
Total Payableโ€”
Apply Now
๐Ÿ“Œ 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 โ€” new, used and imported vehicles, up to PKR 5,000,000 per car. Offers both Fixed and Variable (KIBOR-linked) rate options with tenure of 1 to 5 years. A free tracker is included.

Eligibility Criteria

๐Ÿ‘” Salaried Individuals

  • Age: 21โ€“60 years at maturity
  • Minimum 6 months employment history
  • Minimum monthly take-home income: PKR 35,000
  • DBR must not exceed 50% of net income

๐Ÿข Self-Employed / Businessmen

  • Age: 21โ€“65 years at maturity
  • Minimum 2 years in current business
  • Minimum monthly income: PKR 50,000
  • DBR must not exceed 50% of net income

Interest Rates & Charges

TypeCustomerNew VehicleUsed Vehicle
Fixed RateExisting Customer~14.5% p.a.~15.0% p.a.
Fixed RateNew to Bank~15.0% p.a.~15.5% p.a.
Variable RateExisting CustomerKIBOR + 3%KIBOR + 3.5%
Variable RateNew to BankKIBOR + 3.5%KIBOR + 4%

* Rates are indicative โ€” verify current rates from UBL before applying.

Frequently Asked Questions

What is the difference between Fixed and Variable rate?
A Fixed rate stays the same throughout your loan tenure. A Variable rate is linked to KIBOR and can move up or down annually.
What is the minimum down payment?
30% of the vehicle value; you can choose up to 70% to reduce your monthly installment.
Can I finance a used or imported vehicle?
Yes โ€” UBL Drive covers new, used and imported vehicles. Rates may be slightly higher for used vehicles.
What extra cost applies for Non-Filers?
Non-filers pay an additional 4% Advance Tax on vehicle price at disbursement.

Ready to Apply for UBL Drive?

Calculate your installments above, then apply directly via UBL Digital.

Apply on UBL Digital โ†— Compare All Banks

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UBL Car Installment Plan 2026

Monthly installment for popular locally assembled cars at UBL's indicative markup of about 14.50% a year. Prices are the makers' listed ex-factory prices on 4 November 2026. Each row follows SBP rules: at least 30% down, no more than PKR 3,000,000 financed, and a maximum of 3 years for cars above 1000cc. That is why the down payment on bigger cars is more than 30%.

CarPriceDown paymentFinanced3 yrs / month5 yrs / month
Suzuki Every VXR 2,965,200 889,560 2,075,640 71,446 48,836
Suzuki Alto VXR 2,994,861 898,458 2,096,403 72,160 49,325
Suzuki Alto VXR AGS 3,166,480 949,944 2,216,536 76,295 52,151
Suzuki Alto VXL AGS 3,326,446 997,934 2,328,512 80,150 54,786
Suzuki Cultus VXR 4,089,490 1,226,847 2,862,643 98,535 67,353
Suzuki Cultus VXL AGS 4,591,460 1,591,460 3,000,000 103,263 70,585
Suzuki Swift GL 4,460,160 1,460,160 3,000,000 103,263 3 yrs max
Suzuki Swift GLX CVT 4,766,190 1,766,190 3,000,000 103,263 3 yrs max
Toyota Yaris 1.3 GLi MT 4,649,000 1,649,000 3,000,000 103,263 3 yrs max
Toyota Yaris 1.3 GLi CVT 4,809,000 1,809,000 3,000,000 103,263 3 yrs max
Honda City 1.2LS 4,737,000 1,737,000 3,000,000 103,263 3 yrs max
Honda City Aspire 1.5 6,069,000 3,069,000 3,000,000 103,263 3 yrs max
Suzuki Fronx GL 5MT 5,999,999 2,999,999 3,000,000 103,263 3 yrs max
Toyota Corolla 1.6 MT 6,099,000 3,099,000 3,000,000 103,263 3 yrs max
Toyota Corolla Altis 1.8 CVT 7,029,000 4,029,000 3,000,000 103,263 3 yrs max
Hyundai Elantra 1.6 SE 6,449,000 3,449,000 3,000,000 103,263 3 yrs max
Honda HR-V VTi-S 7,299,000 4,299,000 3,000,000 103,263 3 yrs max
Toyota Corolla Cross 1.8 7,235,000 4,235,000 3,000,000 103,263 3 yrs max
Honda Civic Oriel 8,834,000 5,834,000 3,000,000 103,263 3 yrs max

All figures in PKR. Insurance or takaful (roughly 1.5โ€“3% of the car's value a year), tracker, registration and withholding tax are extra and paid upfront or yearly. The bank's final rate depends on your profile and KIBOR on the day of approval. See the installment plan for all 24 banks or check which car your salary can finance.