Life Car Loan Calculator
Calculate your monthly EMI for Life based on your down payment, loan term, and bank interest rate.
Rs. 15 Lakh
20% — Rs. 3 Lakh
15%50%
5 years
23%
18%30%
Monthly Payment (EMI)
Rs 33,829
per month for 60 months
Down Payment
Rs. 3 Lakh
Loan Amount
Rs. 12 Lakh
Total Payment
Rs. 20.3 Lakh
Total Interest
Rs. 8.3 Lakh
Note: Rates are indicative. Actual bank rate depends on SBP policy rate, your credit profile, and bank-specific charges. Islamic financing uses profit rates, not interest.
Banks Offering Car Loans in Pakistan
Meezan Bank (Islamic)
IslamicRate
23%
Min Down
20%
Max Term
5 yrs
Diminishing Musharakah — halal financing
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HBL Car Loan
ConventionalRate
24%
Min Down
20%
Max Term
5 yrs
Linked-rate product, varies with KIBOR
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Allied Bank
ConventionalRate
23.5%
Min Down
25%
Max Term
5 yrs
Competitive rates for salaried employees
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Bank Alfalah
ConventionalRate
24.5%
Min Down
20%
Max Term
7 yrs
Longest term up to 7 years
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Dubai Islamic Bank
IslamicRate
22.5%
Min Down
20%
Max Term
5 yrs
Diminishing Musharakah — competitive Islamic rates
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Faysal Bank (Islamic)
IslamicRate
23%
Min Down
15%
Max Term
5 yrs
Lowest down payment at 15%
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Documents Required for Car Loan
🪪CNIC copy (applicant + guarantor)
💰3 months bank statement
📋Salary slip or income proof
🏠Proof of residence (utility bill)
📱Employee card / appointment letter
📸Passport-size photographs