Buying a car in Pakistan is now simpler thanks to multiple banks offering competitive financing for salaried and self-employed individuals. This 2025 guide highlights top car finance banks, their eligibility criteria, markup/profit rates, and how to apply.
Leading Car Finance Banks
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HBL – Easy Car Loan: Finance up to 70%, fixed markup, for new & used vehicles, conventional & Islamic options. Salaried 22–59, Self-employed 22–69.
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Allied Bank – Allied Car Finance: Up to 70% financing, 5-year tenure, competitive markup. Salaried 21–59, Self-employed 21–64.
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Meezan Bank – Car Ijarah: Up to 90%, Shariah-compliant, fixed profit 13.45–13.70%. Salaried 22–60, Self-employed 22–70.
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Bank AL Habib – Apni Car: Up to 70%, flexible repayment, conventional & Islamic options. Salaried 23–60, Self-employed 23–65.
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UBL – UBL Drive: Up to 70%, markup 1Y KIBOR +4.25–5.25%, flexible repayment. Salaried 21–60, Self-employed 21–70.
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Faysal Bank – Faysal Islami Car Finance: Up to 90%, Shariah-compliant, fixed/floating profit. Salaried 21–65, Self-employed 21–70.
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Bank Islami – AutoFinance: Up to 90%, Shariah-compliant, flexible repayment. Salaried 21–60, Self-employed 21–65.
Application Process
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Compare financing limits, profit rates, and tenure.
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Gather documents: CNIC, income proof, car invoice, photos.
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Apply online or at a branch.
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Bank evaluates credit history and documents.
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Loan disbursed once approved.
Tips for a Smooth Loan
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Maintain good credit history
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Show stable income
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Choose shorter tenure to save on markup/profit
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Higher down payment reduces monthly installments
Conclusion
In 2025, car finance banks in Pakistan offer a variety of options for both conventional and Shariah-compliant financing. Reviewing eligibility, markup rates, and repayment flexibility helps you select the right car loan for your needs.