Use the free Allied Car Finance calculator below to work out your monthly installment, down payment, total markup and upfront cost for any new or used locally assembled car. It uses ABL’s published pricing bands (KIBOR + spread by customer type), the Rs3 million SBP cap, the 30% minimum down payment and the Rs7,500 processing fee.
Allied Bank Car Loan Calculator 2026
Allied Car Finance installment, down payment and total cost
Estimate only. Allied Car Finance uses a floating rate (1-year KIBOR + fixed spread) reset every year, so your installment changes when KIBOR changes. Final pricing, insurance and approval are decided by Allied Bank. Not financial advice.
Allied Car Finance Markup Rates 2026
Allied Bank prices car loans at 1-year KIBOR plus a spread that stays fixed for the whole loan. KIBOR is reset once a year. ABL’s published range is KIBOR + 1.75% to KIBOR + 5%, with these indicative spreads:
| Customer type | Pricing | Rate with KIBOR 12.78% |
|---|---|---|
| Salaried, salary in ABL | 1YK + 3% | 15.78% |
| Salaried, salary in another bank | 1YK + 4% | 16.78% |
| Self-employed, ABL account | 1YK + 4% | 16.78% |
| Self-employed, other bank | 1YK + 4.5% | 17.28% |
Compare these with other banks on our car loan interest rates page and the car loan banks in Pakistan guide.
Allied Bank Car Loan Installment Examples
| Loan amount | Tenure | KIBOR + 3% | KIBOR + 4% | KIBOR + 4.5% |
|---|---|---|---|---|
| Rs15 lakh | 3 years | Rs52,573 | Rs53,315 | Rs53,688 |
| Rs20 lakh | 3 years | Rs70,097 | Rs71,087 | Rs71,584 |
| Rs20 lakh | 5 years | Rs48,403 | Rs49,469 | Rs50,007 |
| Rs28 lakh | 5 years | Rs67,764 | Rs69,256 | Rs70,009 |
| Rs30 lakh (max) | 5 years | Rs72,604 | Rs74,203 | Rs75,010 |
Figures exclude insurance and use KIBOR at 12.78%. On a Rs20 lakh, 5-year loan at KIBOR + 4%, total markup is about Rs9.68 lakh.
Key Features of Allied Car Finance
- Loan limit: up to Rs3 million, financing up to 70% of the car price (minimum 30% down payment).
- Tenure: 1 to 5 years depending on engine capacity (up to 7 years under Roshan Apni Car for RDA holders).
- Cars: new and used locally assembled or manufactured vehicles.
- Balloon payments: two allowed after the first year, each less than 6 installments, at least a year apart.
- Insurance: comprehensive cover through ABL’s panel; first year paid upfront, later years added to the installment.
- Cities: Lahore, Faisalabad, Gujranwala, Rawalpindi, Islamabad, Sialkot, Karachi, Hyderabad, Sukkur and Sahiwal.
Allied Car Finance Charges
| Charge | Amount |
|---|---|
| Processing fee (after approval) | Rs7,500 |
| Partial prepayment | Up to 5% of amount prepaid, max Rs50,000 |
| Full early settlement | Up to 4% of outstanding principal |
| Late payment | Rs1,500 per instance |
| Auto-debit return | Rs1,200 per instance |
| NOC issuance | Free |
How the Calculator Works
The installment uses the standard reducing-balance formula: EMI = P × r ÷ (1 − (1 + r)−n), where P is the loan, r is the monthly rate (KIBOR + spread ÷ 12) and n is the number of months. If 70% of your car price is more than Rs3 million, the calculator caps the loan and raises your down payment automatically, just as the bank would.
Worked example: a Rs35 lakh car with 30% down means a Rs24.5 lakh loan. At KIBOR + 4% (16.78%) for 3 years, the installment is about Rs87,400 a month, and you pay around Rs10.5 lakh upfront plus first-year insurance.
Eligibility in Short
Pakistani national, age 21+ (salaried up to 59, self-employed up to 64), at least 2 years in job or business, minimum net income Rs40,000 (salaried) or Rs60,000 (self-employed), and 6 months’ bank relationship. Read the full car loan eligibility guide.
Comparing banks? Try the general car loan calculator or the Meezan car ijarah calculator.
Need help applying for Allied Car Finance?
We guide you for free. WhatsApp us or email info@theinvestpakistan.com via the contact page. Your details stay private.
Frequently Asked Questions
What is the Allied Bank car loan interest rate in 2026?
1-year KIBOR plus 1.75% to 5%. Indicatively KIBOR + 3% for ABL salaried customers and KIBOR + 4% to 4.5% for others, about 16% to 17.5% with KIBOR at 12.78%.
How much down payment does Allied Bank need for a car?
At least 30% of the car price. If 70% of the price exceeds Rs3 million, you pay more so the loan stays within Rs3 million.
What is the maximum Allied Bank car loan?
Rs3 million, in line with the SBP cap on auto finance.
Does Allied Bank finance used cars?
Yes, locally assembled or manufactured used vehicles are eligible, subject to valuation.
Can I pay off my Allied car loan early?
Yes. Full settlement costs up to 4% of the outstanding principal; partial prepayment up to 5% of the amount prepaid (max Rs50,000).
FAQs in Roman Urdu
Allied Bank se 20 lakh car loan ki qist kitni hogi?
5 saal ke liye KIBOR + 4% par takreeban Rs49,469 mahana, insurance alag.
Allied Bank car loan ke liye kam se kam tankhwah kitni chahiye?
Salaried ke liye Rs40,000 aur self-employed ke liye Rs60,000 mahana net income.
Kya KIBOR badalne se qist badalti hai?
Jee haan, rate har saal KIBOR ke mutabiq reset hota hai, spread wahi rehta hai.