A Honda City installment plan costs about Rs 1,03,000 to Rs 1,08,000 a month over 3 years at most banks in November 2026 on the City 1.2LS (Rs 47,37,000). Because no bank can lend more than Rs 30 lakh, you need a down payment of at least Rs 17,37,000 (36.7%), not the usual 30%. HBL’s fixed rate is the cheapest; Meezan Bank’s Car Ijarah is about Rs 1,10,841 including takaful and tracker.
Last updated: 12 November 2026 by Ahmed.
Prices are from Honda Atlas’s official website; bank rates from each bank’s website, with 1-year KIBOR at 12.89% (SBP, 10 November 2026). For Meezan Bank only, see the detailed Honda City installment plan on Meezan Bank. To try your own numbers, use our car loan calculator.
Honda City price and down payment (November 2026)
| Variant | Price | Minimum down payment | Bank finances |
|---|---|---|---|
| City 1.2LS | Rs 47,37,000 | Rs 17,37,000 (36.7%) | Rs 30,00,000 |
| City Aspire 1.5LAS | Rs 60,69,000 | Rs 30,69,000 (50.6%) | Rs 30,00,000 |
| City Aspire S 1.5LAS | Rs 61,49,000 | Rs 31,49,000 (51.2%) | Rs 30,00,000 |
Honda Atlas official prices, checked 11 November 2026. The SBP rules for every bank: at least 30% down payment, no more than Rs 30 lakh of car financing per person, and at most 3 years for a car above 1000cc. Every Honda City is above 1000cc, so 5-year plans are not allowed, and the Rs 30 lakh cap sets your down payment. Prices may change after the new auto policy; see car prices reduced in Pakistan.
Honda City installment plan at every bank
Honda City 1.2LS with the minimum down payment, so Rs 30 lakh financed. Conventional instalments exclude insurance and tracker.
| Bank | Rate (3 years) | 2 years | 3 years |
|---|---|---|---|
| HBL CarLoan (existing customer) | 14.50% fixed | Rs 1,44,466 | Rs 1,02,973 |
| HBL CarLoan (new customer) | 15.50% fixed | Rs 1,45,870 | Rs 1,04,419 |
| Allied Car Finance (ABL salaried customer) | KIBOR + 3% = 15.89% | Rs 1,46,732 | Rs 1,05,308 |
| Bank AL Habib Apni Car (6+ month customer) | KIBOR + 3.5% = 16.39% | Rs 1,46,732 | Rs 1,06,050 |
| Bank Alfalah Auto Loan | KIBOR + 4% = 16.89% | Rs 1,47,449 | Rs 1,06,794 |
| MCB Car4U (account holder) | KIBOR + 4% = 16.89% | Rs 1,48,168 | Rs 1,06,794 |
| UBL Drive (existing customer) | KIBOR + 4.25% = 17.14% | Rs 1,48,529 | Rs 1,07,167 |
| Faysal Islami Car Finance | KIBOR + 4.5% = 17.39% | Rs 1,48,890 | Rs 1,07,541 |
| Meezan Bank Car Ijarah (1.2 LS CVT, 40% deposit)* | 15% rental rate | Rs 1,50,637 | Rs 1,10,841 |
HBL figures are from HBL’s own calculator (see our HBL car loan guide). Bank AL Habib charges KIBOR + 3% for 2 years. *Meezan uses its own price list (Rs 47,67,000 for the 1.2 LS CVT) and its rent includes takaful and tracker. Variable rates reset every year with KIBOR. Compare all rates in car loan interest rates in Pakistan.
On 3 years, HBL for an existing customer costs Rs 1,02,973 a month and Faysal Rs 1,07,541: Rs 4,568 a month, or about Rs 1,64,448 over the loan. Add first-year insurance (usually 1.4% to 2.5% of the price) to every conventional option before you compare it with Meezan.
Honda City installment by bank (5 main banks)
Honda City 1.2LS (Rs 47,37,000), minimum down payment Rs 17,37,000 so the bank finances the Rs 30 lakh maximum. Here each bank’s rate uses the 1-year KIBOR fixing banks apply for November, 13.03% (SBP, 2 November 2026), so floating figures are slightly higher than in the table above. Approx; conventional banks exclude insurance, tracker and processing fee.
| Bank | Rate used | 2 years | 3 years |
|---|---|---|---|
| HBL CarLoan (new / existing customer) | 15.50% / 14.50% fixed | Rs 1,45,870 / Rs 1,44,466 | Rs 1,04,419 / Rs 1,02,973 |
| Bank Alfalah Auto Loan | KIBOR + 3.5% (2 yrs) / + 4% (3 yrs) | Rs 1,47,650 | Rs 1,07,003 |
| MCB Car4U (account holder / others) | KIBOR + 4% / + 4.5% | Rs 1,48,370 / Rs 1,49,092 | Rs 1,07,003 / Rs 1,07,751 |
| UBL Drive (existing / new customer) | KIBOR + 4.25% / + 4.75% | Rs 1,48,731 / Rs 1,49,454 | Rs 1,07,377 / Rs 1,08,126 |
| Meezan Bank Car Ijarah (1.2 LS CVT, 40% deposit) | 15% rental rate | Rs 1,50,637* | Rs 1,10,841* |
Honda City installment with a bigger down payment
City 1.2LS (Rs 47,37,000), 3 years. A bigger deposit is the only way to bring the City’s instalment down, because the period cannot go beyond 3 years.
| Down payment | Loan | HBL 14.50% fixed | KIBOR + 4% (Alfalah, MCB) | Salary needed (KIBOR + 4%) |
|---|---|---|---|---|
| 36.7% (Rs 17,37,000) | Rs 30,00,000 | Rs 1,02,973 | Rs 1,06,794 | Rs 2,66,985 |
| 40% (Rs 18,94,800) | Rs 28,42,200 | Rs 97,557 | Rs 1,01,177 | Rs 2,52,942 |
| 50% (Rs 23,68,500) | Rs 23,68,500 | Rs 81,297 | Rs 84,314 | Rs 2,10,785 |
| 60% (Rs 28,42,200) | Rs 18,94,800 | Rs 65,038 | Rs 67,451 | Rs 1,68,628 |
Salary needed is the income at which the instalment uses 40% of your pay, the most banks allow for all loans together. For the Aspire and Aspire S, the loan is still Rs 30 lakh at the minimum deposit, so the instalments are the same as in the bank table above; only the down payment is bigger.
Total cost and cash needed for a Honda City on installment
City 1.2LS, minimum deposit, 3 years at KIBOR + 4%:
- Down payment: Rs 17,37,000
- Advance tax at registration: Rs 71,055 for a filer (1.5%), Rs 2,13,165 for a non-filer (4.5%)
- Cash on day one for a filer: about Rs 18,08,055, plus processing fee, first-year insurance and provincial registration fee
- Monthly instalment: Rs 1,06,794
- Total markup over 3 years at today’s rate: Rs 8,44,585
For the Aspire 1.5LAS the registration tax is 2% for filers (Rs 1,21,380) and 6% for non-filers (Rs 3,64,140). A non-filer pays Rs 2,42,760 more on the Aspire alone. Work out your own figure with the car registration tax calculator.
Banks that do not offer car financing right now
Standard Chartered, Silkbank and Bank Makramah list no car loan product, and Citibank, Deutsche Bank, Bank of China and ICBC do corporate banking only. National Bank’s auto finance is mainly for its own staff and government employees. See the full list of car loan banks in Pakistan.
Islamic option: Honda City installment plan without interest
Meezan Bank, BankIslami, Faysal Bank, Dubai Islamic, MCB Islamic, Al Baraka, Askari and Bank Alfalah Islamic offer Car Ijarah or Diminishing Musharakah. Meezan publishes its full price list: the 1.2 LS CVT costs Rs 1,10,841 a month with a 40% deposit over 3 years, including takaful and tracker. Try it in our Meezan car loan calculator or read the Meezan Bank car installment plan. Islamic rentals also move with KIBOR at most banks, so compare the total cost, not the label. Our Car Ijarah vs car loan guide explains the difference.
Honda City installment plan for overseas Pakistanis
With a Roshan Digital Account, Roshan Apni Car allows a longer period and financing above the Rs 30 lakh cap. See Meezan Car Ijarah for overseas Pakistanis.
Common mistakes
- Planning on a 30% down payment: for every City variant the Rs 30 lakh cap pushes it to 36.7% or more.
- Comparing a conventional instalment without insurance against Meezan’s rent that includes takaful and tracker.
- Registering as a non-filer and paying three times the advance tax.
- Ignoring KIBOR: a variable-rate instalment can rise at the yearly reset.
- Not asking your own bank first: HBL, MCB, UBL, Allied and Bank AL Habib charge existing customers less.
Need help picking a bank for your salary and car? Our car financing consultation compares the options for you.
Honda City installment plan FAQs
What is the monthly installment of Honda City on bank financing?
For the City 1.2LS with the minimum Rs 17,37,000 down payment, about Rs 1,02,973 a month over 3 years at HBL (existing customer, 14.50% fixed) and Rs 1,05,308 to Rs 1,07,541 at KIBOR-based banks. Meezan is Rs 1,10,841 including takaful and tracker.
How much down payment is needed for a Honda City installment plan?
At least Rs 17,37,000 (36.7%) for the City 1.2LS, Rs 30,69,000 for the Aspire 1.5LAS and Rs 31,49,000 for the Aspire S, because banks cannot finance more than Rs 30 lakh.
Can I get a Honda City on installment for 5 years?
No. The City is above 1000cc, so SBP allows a maximum of 3 years. Overseas Pakistanis using Roshan Apni Car can get longer periods.
What salary do I need for a Honda City installment plan?
About Rs 2,57,000 to Rs 2,69,000 a month at the minimum deposit, so the instalment stays within 40% of income. With a 60% deposit it falls to about Rs 1,63,000 to Rs 1,69,000.
Which bank is best for a Honda City installment plan?
HBL’s fixed rate is the lowest published rate for existing customers. Allied Bank is the cheapest KIBOR-based option for its salaried customers, and Meezan is the main Islamic option.
Honda City ki qist kitni hai?
City 1.2LS par kam az kam Rs 17,37,000 down payment ke saath 3 saal ki qist taqreeban Rs 1,02,973 (HBL) se Rs 1,07,541 mahana hai. Meezan Bank ki qist Rs 1,10,841 hai, takaful aur tracker shamil.
This guide is for general information only and is not financial advice. Rates change with KIBOR, so confirm the latest figures with your bank before you apply.
Related guides
- Honda City installment plan on Meezan Bank
- Alto installment plan: all banks compared
- Car loan banks in Pakistan
- Car loan interest rates in Pakistan
- Car loan calculator (all banks)
- Tax on car registration in Pakistan