HBL car loan calculator
As Pakistan's largest bank, HBL offers CarLoan for new and used locally-assembled vehicles, and runs a separate HBL Islamic Car Financing product for buyers who want a Shariah-compliant option. This calculator estimates the HBL CarLoan installment on a reducing balance — computed on the financed amount at your quoted markup rate over the tenure — and applies the SBP limits (30% down, the engine-based tenure cap and the PKR 3 million exposure limit) plus advance tax by filer status. The rate is KIBOR-linked, so it can reset over the term.
| Calculator | HBL (Habib Bank) HBL CarLoan |
|---|---|
| Type | Conventional (reducing-balance markup) |
| Method | Installment on financed amount × rate × tenure, reducing balance |
| SBP rules | 30% down · 3yr >1000cc / 5yr ≤1000cc · PKR 3m cap · no imported |
| Advance tax | Value-based by engine slab, filer vs non-filer |
| Last verified | 2026-07-22 |
Prices are indicative (reviewed 2026-07-22). Edit the price below to match your quote.
Monthly installment
PKR 106,333
HBL (Habib Bank) · HBL CarLoan
Maximum tenure: SBP caps auto-finance tenure at 3 years (36 months) for this engine capacity (above 1000cc). You entered 60 months.
Reduce the tenure to 36 months or fewer.
Maximum exposure: The financed amount (PKR 3,850,000) exceeds the SBP per-person auto-finance cap of PKR 3,000,000.
Increase the down payment so the financed amount is at most PKR 3,000,000.
- Vehicle price
- PKR 5,500,000
- Down payment
- PKR 1,650,000
- Financed amount
- PKR 3,850,000
- Total markup
- PKR 2,529,969
- Total repayment
- PKR 6,379,969
- Processing fee
- PKR 38,500
- Advance tax (filer)
- PKR 110,000
First-year cash needed ≈ PKR 1,904,833
Down payment + processing fee + advance tax + first installment. Registration, tracker and Takaful/insurance are extra.
An estimate, not an official bank quotation. Rates, fees and taxes change — confirm with the bank and FBR. Nothing is uploaded; the calculation runs in your browser.
How the calculation works
The monthly installment is the level payment that amortises the financed amount — the vehicle price minus your down payment — over the tenure at the markup rate, computed on a reducing balance.
Installment = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)
- P = financed amount (price − down payment)
- r = annual markup rate ÷ 12
- n = tenure in months
HBL (Habib Bank) prices this product off a benchmark plus a spread. As of 2026-07-17, 1-year KIBOR was about 11.88% (SBP). A floating rate resets periodically, so your installment can change over the term.
SBP rules this calculator applies
- Minimum down payment: 30% for most vehicles (small local cars and local EVs exempt).
- Maximum tenure: 3 years above 1000cc, 5 years up to 1000cc.
- Exposure cap: PKR 3,000,000 per person across all banks.
- Imported vehicles: not eligible for bank auto financing.
Source: SBP — BPRD Circular Letter No. 29 of 2021 and No. 19 of 2022 (Prudential Regulations for Consumer Financing, auto). View circular. Confirmed against SBP's primary BPRD circulars: 30% down payment, tenure 3 years above 1000cc / 5 years up to 1000cc, PKR 3m per-person aggregate cap, imported vehicles ineligible, and exemptions for locally-assembled vehicles up to 1000cc, local EVs and Roshan Apni Car. No SBP circular repealing or relaxing this regime was found for 2026, but a fresh 2026 reaffirmation was not located either — re-check sbp.org.pk circulars. The DBR is shown at the base 50%; a reported tightening to 40% could not be confirmed against the primary regulation.
Common mistakes
- Assuming HBL's rate is fixed — conventional car financing is usually KIBOR-linked and resets.
- Using a down payment below the 30% SBP minimum for most vehicles.
- Ignoring processing, documentation, tracker and insurance costs on top of the installment.
- Expecting to finance an imported car, which SBP rules do not permit.