Lowest Interest Rate For Car Loan In Pakistan (Comparison Of Top 10 Banks)

The table below compares key features such as interest rates, loan tenure, down payment requirements, special features, processing fees, and eligibility criteria across major banks.

This comparison will help you identify the best bank for your car financing needs, ensuring you get the most favorable terms and conditions.


Here’s a comparison table of the best banks for car financing in Pakistan based on the content provided and general knowledge about car financing options:

BankInterest Rate (Approx)Loan TenureDown Payment RequirementSpecial FeaturesEligibility Criteria
HBL (Habib Bank Limited)9-12% p.a.1 to 7 years15-20% of car’s valueFlexible repayment options, competitive ratesPakistani residents, salaried or self-employed individuals
UBL (United Bank Limited)10-13% p.a.1 to 7 years15-30% of car’s valueQuick processing, a wide range of carsAge 21-65 years, stable income source
MCB (Muslim Commercial Bank)11-14% p.a.1 to 5 years20-30% of car’s valueComprehensive insurance coveragePakistani nationals, steady employment/income
Bank Alfalah10-12% p.a.1 to 5 years20-25% of car’s valueEasy documentation, fast approvalPakistani residents, age 21-65 years
Standard Chartered9-11% p.a.1 to 7 years15-20% of car’s valueLower processing fee, attractive ratesSalaried or self-employed with stable income
Faysal Bank11-13% p.a.1 to 7 years15-25% of car’s valueShariah-compliant (Islamic banking)Age 21-60 years, consistent income source
Meezan Bank10-12% p.a.1 to 5 years20-30% of car’s valueShariah-compliant (Islamic banking), easy installmentsPakistani residents, salaried or businesspersons
Askari Bank10-13% p.a.1 to 5 years15-25% of car’s valueCompetitive rates, quick disbursementSalaried individuals, business owners
National Bank of Pakistan (NBP)10-13% p.a.1 to 5 years20-30% of car’s valueAvailable to government employees, competitive ratesPakistani nationals, especially government employees
Allied Bank10-13% p.a.1 to 5 years20-30% of car’s valueFlexible terms, comprehensive insuranceAge 21-65 years, stable employment/income
Table: Comparison of the car financing options available from different banks in Pakistan

Recommended Readings:

List Of Instant Loan Apps In Pakistan [SECP Registered]

Best Loan Apps In Pakistan | Top Loan Apps In Pakistan

Add a Comment

Your email address will not be published. Required fields are marked *