UBL car loan calculator
UBL markets its conventional auto facility as Drive, alongside a UBL Ameen Islamic auto option, and prices the markup off KIBOR with a spread that resets each review. This calculator estimates the UBL Drive 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 | UBL (United Bank) UBL Drive |
|---|---|
| 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 94,527
UBL (United Bank) · UBL Drive
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 1,821,619
- Total repayment
- PKR 5,671,619
- Processing fee
- PKR 38,500
- Advance tax (filer)
- PKR 110,000
First-year cash needed ≈ PKR 1,893,027
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 UBL Drive instalment is calculated
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
UBL (United Bank) prices this product off a benchmark plus a spread. On 3 September 2026, the 1-year KIBOR offer published by the State Bank was 12.19%. A floating rate resets periodically, so your installment can change over the term.
The SBP limits that bind UBL (United Bank)
30% minimum down payment, 3 years maximum tenure above 1000cc and 5 years up to it, a PKR 3,000,000 per-person cap across all banks, and no financing for imported vehicles. These are State Bank rules, identical at every bank, so they are not something UBL (United Bank) can waive. Why each limit exists, and the exemptions.
UBL Drive rates and charges 2026
UBL prices this facility off the 1-year KIBOR, which is 12.19% as of 3 September 2026. The all-in column is that KIBOR plus the bank's own published spread — it moves when KIBOR moves, so treat it as today's rate, not the rate for the whole term.
| Applies to | Tenure | Published markup | All-in rate today |
|---|---|---|---|
| Existing customer | 1–3 years | 1-year KIBOR + 4.25% | 16.44% |
| Existing customer | 4–5 years | 1-year KIBOR + 4.75% | 16.94% |
| New to bank | 1–3 years | 1-year KIBOR + 4.75% | 16.94% |
| New to bank | 4–5 years | 1-year KIBOR + 5.25% | 17.44% |
UBL adds a further 1% on any case carrying a deviation from standard policy. Fixed-rate options are offered alongside these floating rates.
Charges
| Processing / documentation fee | Quoted by the bankCharged per UBL's Schedule of Charges rather than published on the product page. |
|---|---|
| Late payment charge | Quoted by the bankSet in UBL's Schedule of Charges. |
| Insurance / Takaful | UBL markets competitive insurance rates arranged alongside the facility. |
| Tracker | Complimentary tracker service. |
Source: UBL — UBL Drive product page (markup grid, eligibility and documents) · read 2026-09-06. KIBOR from State Bank of Pakistan — key indicators snapshot (sbp.org.pk home page).
UBL Drive monthly instalment plan 2026, by car model
Computed at UBL's best published rate — 16.44% all-in, being the 1-year KIBOR of 12.19% plus 4.25% — with the SBP minimum 30% down payment. The tenure column follows the SBP cap: five years up to 1000cc, three years above it, so a Corolla cannot be spread over five years however much you would like it to be.
| Vehicle | Price | 30% down | Financed | Tenure | Monthly | Total markup |
|---|---|---|---|---|---|---|
| Suzuki AltoVXR · 660cc | PKR 2,690,000 | PKR 807,000 | PKR 1,883,000 | 5 yrs | PKR 46,232 | PKR 890,937 |
| Suzuki CultusVXL · 1000cc | PKR 3,800,000 | PKR 1,140,000 | PKR 2,660,000 | 5 yrs | PKR 65,310 | PKR 1,258,573 |
| Suzuki SwiftGLX CVT · 1200cc | PKR 4,800,000 | PKR 1,440,000 | PKR 3,360,000 | 3 yrs | PKR 118,859 | PKR 918,918 |
| Honda City1.5 CVT · 1500cc | PKR 5,500,000 | PKR 1,650,000 | PKR 3,850,000 | 3 yrs | PKR 136,192 | PKR 1,052,926 |
| Toyota CorollaAltis 1.6 CVT · 1600cc | PKR 7,400,000 | PKR 2,220,000 | PKR 5,180,000 | 3 yrs | PKR 183,241 | PKR 1,416,664 |
| Kia SportageAlpha · 2000cc | PKR 9,600,000 | PKR 2,880,000 | PKR 6,720,000 | 3 yrs | PKR 237,718 | PKR 1,837,835 |
Vehicle prices are indicative starting points reviewed 2026-07-22 and change with FX, duty and company notifications — the sourced figure in this table is the rate, not the sticker price. Put your own quoted price into the calculator above. Registration, advance tax, insurance and tracker are extra.
UBL Drive eligibility 2026
| Minimum monthly income |
|
|---|---|
| Age | 21 to 60 (salaried) or 70 (self-employed), at maturity |
| Maximum tenure | 5 years up to 1000cc; 3 years above 1000cc |
| Maximum financing | Quoted by the bankNot published; the SBP 30% minimum down payment applies. |
| Financing limits | Quoted by the bankNot published as a rupee range. |
| Used vehicles | Financed up to 9 years old |
| Balloon / residual option | Up to 50% of principal deferred to the end |
Meeting these does not approve you. Every bank also applies a debt-burden ratio test under the SBP prudential regulations, so an existing personal loan or credit-card limit can sink an application that clears the income floor comfortably.
UBL Drive documents and how to apply
What UBL asks for
- Salaried: CNIC and two recent passport-sized photographs
- Salaried: current verified salary certificate stating designation, length of service and salary breakup
- Salaried: original pay slip, or a copy verified by a bank officer
- Salaried: six months' bank statements showing salary credits
- Self-employed: CNIC and two recent passport-sized photographs
- Self-employed: twelve months' business bank statements
- Self-employed: tax returns / NTN
UBL product variants worth knowing about
| Residual Value | Pay up to 50% as a lump sum at the end of the term. Used vehicles can also be financed under this option. |
|---|---|
| UBL Ameen Drive | UBL's Islamic auto facility, structured as Diminishing Musharakah rather than a markup loan. |
| Roshan Apni Car | For overseas Pakistanis through a Roshan Digital Account. |
UBL Drive vs Islamic car financing
UBL Drive is a conventional facility: you own the car and pay markup on a reducing balance. UBL also offers UBL Ameen Drive. UBL Ameen structures its auto facility as Diminishing Musharakah — a declining co-ownership, not a lease and not a markup loan.
The two are not interchangeable arithmetic. An Ijarah is a lease in which the bank owns the vehicle and you pay rent; a Diminishing Musharakah is a co-ownership whose share you buy out over time. Both can produce a similar monthly figure to a conventional loan, and both differ in who carries the risk and what happens on default. Compare the total you will pay, not just the monthly number — the Car Ijarah calculator models the lease structure properly.
Common mistakes with UBL Drive
- Assuming UBL'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.