UBL car loan (UBL Drive) is priced at 1-year KIBOR + 4.25% for existing UBL customers on 1 to 3 year loans, and KIBOR + 4.75% for 4 to 5 years. New-to-bank customers pay 0.5% more. With KIBOR at 12.78% (12 November 2026), an existing customer pays 17.03%, or Rs 71,335 a month on Rs 20 lakh over 3 years.
Last updated: 13 November 2026 by Ahmed.
Below are full UBL Drive instalment tables, fees, eligibility and a comparison with other banks. Every figure was calculated with the standard reducing-balance formula. Try your own numbers in our car loan calculator.
UBL car loan markup rates 2026
| Customer | 1 to 3 years | 4 to 5 years |
|---|---|---|
| Existing UBL customer | KIBOR + 4.25% = 17.03% | KIBOR + 4.75% = 17.53% |
| New to UBL | KIBOR + 4.75% = 17.53% | KIBOR + 5.25% = 18.03% |
UBL adds 1% more “on any deviation” from its standard policy, for example if your income or documents do not fully meet the criteria. UBL also offers a fixed-rate option, but does not publish the rate, so ask the branch for it in writing.
UBL car loan instalment table (existing customer)
| Loan amount | 1 year | 2 years | 3 years | 4 years* | 5 years* |
|---|---|---|---|---|---|
| Rs 10,00,000 | Rs 91,219 | Rs 49,457 | Rs 35,668 | Rs 29,130 | Rs 25,138 |
| Rs 15,00,000 | Rs 1,36,828 | Rs 74,185 | Rs 53,501 | Rs 43,695 | Rs 37,708 |
| Rs 20,00,000 | Rs 1,82,438 | Rs 98,913 | Rs 71,335 | Rs 58,260 | Rs 50,277 |
| Rs 25,00,000 | Rs 2,28,047 | Rs 1,23,642 | Rs 89,169 | Rs 72,825 | Rs 62,846 |
| Rs 30,00,000 | Rs 2,73,657 | Rs 1,48,370 | Rs 1,07,003 | Rs 87,390 | Rs 75,415 |
*4 and 5 year loans are only for cars up to 1000cc. Above 1000cc, UBL Drive is limited to 2 to 3 years.
UBL car loan instalment table (new to bank)
| Loan amount | 1 year | 2 years | 3 years | 4 years* | 5 years* |
|---|---|---|---|---|---|
| Rs 10,00,000 | Rs 91,456 | Rs 49,697 | Rs 35,917 | Rs 29,391 | Rs 25,410 |
| Rs 15,00,000 | Rs 1,37,185 | Rs 74,546 | Rs 53,876 | Rs 44,086 | Rs 38,115 |
| Rs 20,00,000 | Rs 1,82,913 | Rs 99,395 | Rs 71,834 | Rs 58,781 | Rs 50,820 |
| Rs 25,00,000 | Rs 2,28,641 | Rs 1,24,243 | Rs 89,793 | Rs 73,477 | Rs 63,524 |
| Rs 30,00,000 | Rs 2,74,369 | Rs 1,49,092 | Rs 1,07,751 | Rs 88,172 | Rs 76,229 |
On a Rs 25 lakh loan over 3 years, being an existing UBL customer saves Rs 22,464 in total markup.
Worked example: Rs 30 lakh car with a UBL car loan
- Car price: Rs 30,00,000, above 1000cc
- Down payment (30%): Rs 9,00,000
- UBL car loan: Rs 21,00,000 for 3 years at 17.03%
- Monthly instalment: Rs 74,902
- Total markup: Rs 5,96,472
- Processing fee: Rs 14,000 + FED
- First-year insurance at 2%: Rs 60,000
If KIBOR goes up by 1% at the yearly reset, the instalment for the remaining period rises. Our calculator shows the effect of KIBOR moving up or down by 1% or 2%.
UBL Drive eligibility
- Salaried: gross salary at least Rs 35,000 a month, age 21 to 60
- Self-employed: gross income at least Rs 50,000 a month, age 21 to 70
- Down payment at least 30%; UBL finances up to 70% of the car value
- New and used locally made cars; used cars up to 9 years old
- Loan period: 2 to 5 years up to 1000cc, 2 to 3 years above 1000cc
UBL car loan fees and extras
| Item | Detail |
|---|---|
| Processing fee | Rs 14,000 + FED |
| Tracker | Complimentary |
| Insurance | As quoted by the insurer; first year paid upfront |
| Deviation pricing | +1% on the markup rate |
UBL vs other banks
| Bank | Rate today | Instalment (Rs 20 lakh, 3 years) |
|---|---|---|
| HBL (existing customer) | 14.50% fixed | Rs 68,648 |
| Bank AL Habib (6+ month customer) | 16.28% | Rs 70,591 |
| MCB (account holder) | 16.78% | Rs 71,087 |
| UBL (existing customer) | 17.03% | Rs 71,335 |
| UBL (new to bank) | 17.53% | Rs 71,834 |
UBL is slightly more expensive than most rivals today. It can still make sense if you already bank with UBL and want a quick approval, or for older used cars that some banks will not finance. Compare all banks in our car loan interest rates guide.
Related guides: Read our guides on car insurance in Pakistan and conventional banks.
Frequently asked questions
What is the UBL car loan interest rate in 2026?
1-year KIBOR + 4.25% for existing customers (17.03% today) on 1 to 3 years and KIBOR + 4.75% on 4 to 5 years. New customers pay 0.5% more.
What is the instalment on a Rs 10 lakh UBL car loan?
Rs 35,668 a month over 3 years, or Rs 25,138 over 5 years for cars up to 1000cc, for an existing customer.
What is the minimum salary for a UBL car loan?
Rs 35,000 gross a month for salaried people and Rs 50,000 for self-employed people.
Does UBL finance used cars?
Yes, locally made used cars up to 9 years old.
What is the UBL car loan processing fee?
Rs 14,000 plus FED, according to the UBL Drive Key Fact Statement.
UBL car loan ka markup rate kya hai?
Purane UBL customer ke liye 1-year KIBOR + 4.25% (aaj taqreeban 17.03%) 1 se 3 saal ke liye, aur 4-5 saal par KIBOR + 4.75%. Naye customer ko 0.5% zyada dena hota hai.
UBL se 20 lakh car loan ki qist kitni banti hai?
3 saal ke liye taqreeban Rs 71,335 mahana (purana customer, 17.03%). Insurance aur processing fee alag hai.
UBL Drive ke liye kitni salary chahiye?
Naukri pesha ke liye kam az kam Rs 35,000 gross mahana aur karobari afraad ke liye Rs 50,000. Down payment kam az kam 30% hai.
Related guides
- Car loan calculator Pakistan (all banks)
- Car loan interest rates in Pakistan 2026
- HBL car loan 2026
- MCB car loan 2026
- Meezan Bank car installment plan