UBL Car Loan Calculator
UBL Car Loan Calculator: UBL, one of the most trusted and oldest, most famous and trusted banks in Pakistan, is today providing easy financing to help you complete your dream car purchase and drive in a few easy steps. UBL Car Loan Scheme offers exciting features to provide people with instant and hassle-free access to their brand new and best, used, or imported car keys. For those wishing to buy a new or used car, the UBL Car Loan provides a practical and adaptable financing option. UBL makes it easy to realise your goal of car ownership with affordable interest rates and flexible payback plans.
UBL Car Loan Features
The UBL Car Loan offers both fixed and flexible interest rate options to suit your financial needs. Here are the key details:
UBL Car Loan Calculator
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Interest Rates:
Existing Customers:
Floating Rate: 6% + 1-year KIBOR (Karachi Inter Bank Offer Rate)
Fixed Rate:
- 15% for loan terms of 1-3 years
- 16% for loan terms of 4-7 years
- New Customers:
- Floating Rate: 7% + 1-year KIBOR
- Fixed Rate:
- 16% for loan terms of 1-3 years
- 17% for loan terms of 4-7 years
Loan Details:
Financing Amount: Up to 80% financing available for all new and used, local cars, and imported cars.
Loan Tenure: Repayment terms can extend up to 7 years.
Down Payment: A minimum down payment of just 20% is required.
Maximum Loan Amount: Up to Rs. 5,000,000 per car.
Additional Benefits:
Flexible Financing Period: Choose a financing period between 1 and 5 years.
Insurance Options: Competitive rates from various top insurance providers selected by the applicant.
Free Tracker: Comes standard with the loan.
Minimal Documentation: Enjoy a quick processing time with minimal paperwork.
Special Offers:
- For Honda Civic and City owners, the first oil and filter change is free.
- Honda City Aspire customers receive free fuel vouchers.
- Optional fog lights are available for Honda City vehicles.
- With UBL Car Loan, you can drive your dream car with ease and confidence!
Eligibility Criteria for a UBL Car Loan
To begin driving your ideal Car, you must meet the following requirements:
Professionals on Salaries
- You must be between the ages of 21 and 60.
- A permanent position with a minimum monthly pay of Rs. 35,000 is required.
- Evidence of employment over the last six months
- 50% DBR maximum [I couldn’t find this term on Google and don’t comprehend it]
Independent Contractors
- You must be between the ages of 22 and 65.
- A minimum monthly salary of Rs. 50,000 is required.
- Verification of the last 24 months’ worth of business tenure
- 50% DBR maximum
Required Documents for a UBL Car Loan
The primary documentation needs for a UBL auto loan are as follows:
For Professionals on Salaries
- The two latest passport-sized pictures
- A usable copy of your CNIC, or current employment and experience certificate A letter from a previous job, if any
- Last 12 months’ worth of bank statements
For Professionals Who Work for Their Pay
- The two latest passport-sized pictures
- Useful copy of CNIC Current Proof of Business, such as Tax Returns, Registered or Unregistered Partnership Deeds, or other ownership documents
- Last 12 months’ worth of bank statements
Use the UBL Car Loan Calculator to determine your financial options and reap the benefits.
You may find the best financing alternatives and interest rates by using the Mawazna UBL Car Loan Calculator (located in the upper right corner of this page).
Use the UBL Car Loan Calculator on this website to get the annual installment plan and down payment after entering information such as city, loan tenure, car make and model, and down payment. This will allow you to check the specific eligibility requirements and apply. To compare and apply for auto finance packages provided by UBL or any other bank, you may also visit the Mawazna car loan comparison tool or the UBL car loan calculator on this website.