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

UBL Car Loan Calculator – Find the Best Financing Options

The UBL Car Loan Calculator provided by Mawazna (see the top right corner of this page) helps you determine the most ideal financing options as well as interest rates.

To check the detailed eligibility criteria and for applying, use UBL Car Loan Calculator on this page to determine the yearly instalment plan and initial down payment after entering details such as city, loan tenure, car make and model, and down payment. You can also visit Mawazna car loan comparison service or UBL car loan calculator on this page to compare and apply for car finance products offered by UBL or any other banks.