UBL Car Loan Calculator

UBL Car Loan

UBL, one of the oldest, most renowned and trusted banks in Pakistan today offers easy financing to help you drive your dream car within a few simple steps. The UBL Car Loan scheme offers exciting features to provide individuals with access to their brand new, used or imported car keys in a quick and hassle-free way:

Key Features of UBL Car loan

Loan can be availed on fixed and flexible rates
A tentative floating mark-up rate for existing customers
- 6% + 1 year KIBOR (Karachi Inter Bank Offer Rate)
A tentative floating mark-up rate for new customers
- 7% + with 1 year KIBOR
A tentative fixed mark-up rates for existing customers:
- 15% for 1-3 years
- 16% for 4-7 years
A tentative fixed mark-up rates for new customers:
- 16% for 1-3 years
- 17% for 4-7 years
As much as 80% financing available on all new, used local cars, and imported cars
Installments can be paid within a 7-year span
Minimum down payment of just 20%
Maximum loan of Rs. 5,000,000 available per car
Flexible financing period ranging between 1 and 5 years
Competitive rates from multiple top insurance companies as chosen by the applicant
Free Tracker comes ‘standard’
Minimal documentation required and quick processing time
For Honda Civic and City vehicles, first oil and filter change absolutely free
Honda City Aspire customers provided with free fuel vouchers
Fog lights also available for Honda City vehicles as an option

Eligibility Criteria for UBL Car Loan

Start driving your dream car by complying with the following criteria:

Salaried Professionals

Must be between 21 and 60 years of age
Must be a permanent employee with a minimum salary of Rs. 35,000 per month
Proof of employment for the last 6 months
Maximum DBR of 50% [I don’t understand this term and could not find it on Google]

Self-employed Professionals

Must be between 22 and 65 years of age
Must have a minimum salary of Rs. 50,000 per month
Proof of business tenure for the last 24 months
Maximum DBR of 50%

Documents Required for UBL Car Loan

The following are the key documentation requirements for UBL Car Loan:

For Salaried Professionals

2 most recent Passport-sized photos
Usable copy of CNIC
Current Proof of Employment and Experience Letter from past employment (if applicable)
Bank statement for the last 12 months

For Self-employed Professionals

2 most recent Passport-sized photos
Usable copy of CNIC
Current Proof of Business such as Tax Forms, Partnership Deed (registered or unregistered) or other proof of ownership
Bank statement for the last 12 months