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Pakistan Car Loan Calculator

Calculate monthly car loan installments (EMI), total interest, and full amortization for any bank in Pakistan.

Monthly Installment (EMI)
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Total Amount Payable
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Total Interest (Markup)
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Loan Principal
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Frequently Asked Questions

Major car loan providers include HBL, MCB, UBL, Bank Alfalah, Meezan Bank (Islamic), Bank Islamic, and NBP. Markup rates range from 22%–28% per annum (2024).

Most banks require a minimum 15%–30% down payment. Meezan Bank and Islamic banks offer 0% down on certain schemes.

Maximum tenure is typically 5 years (60 months). Some banks offer 7-year terms for higher loan amounts.

Conventional car loans charge interest (riba). Islamic banks offer Murabaha-based car financing that is Shariah-compliant. Meezan Bank and Bank Islami are the most popular.

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Quick Facts

  • ✓ FBR income tax: 0%–35%
  • ✓ GST standard rate: 17%
  • ✓ Min wage 2024: PKR 37,000
  • ✓ EOBI employee: 1%
  • ✓ GP Fund profit: 12% p.a.
  • ✓ CGT on property: 0%–15%