7 Best Bank For Car Loan In Pakistan (2022)

best bank for car loan in Pakistan

Buying a car is everyone’s dream. Whether you want to upgrade from a two-wheeler or want to get a better car than the one you already own, getting a car is on everyone’s bucket list. But in today’s economy, where car prices are rising by the day, it can be very difficult to get your hands on the car of your choice. For this purpose, banks hand out car loans. Car loans can be a huge help if you do not have enough money to pay for the whole amount of the car upfront, given that you know the best bank for car loan in Pakistan.

What is a Car Loan?

Car loan is a service program that permits you to secure a car on installments from the bank. You decide the kind of vehicle you need to buy and apply for a car credit at a bank. On approval of your application, the bank pays for the car that you get to bring back home for your advantage, at last paying the car installments regularly throughout a pre-decided timeframe.

This is how the car loan procedure goes: the bank takes a particular level of the car’s expense as a down payment, permitting you to cover the rest in consistently planned payments. You pay the down payment immediately and pay the rest of the installments until the car advance is settled.

With a car loan, you don’t have to sit tight for a sufficient number of saved assets to buy a car. You can obtain the car promptly with a touch of cash (down payment) and pay the rest through a consistently planned portion plan.

Best Bank for Car Loan in Pakistan

Most bank loans have a pre-maintained status or certain ability rules which should be satisfied before you can benefit from the advance. Notwithstanding, in the bank car finance process, the bank truly examines your compensation and concludes whether you will get a bank car credit. Since banks don’t have outrageous capacity measures for car finance, bank agents really investigate your money-related balance and your car to promise you can bear the cost of the reliably arranged car installments.

Referenced underneath are the ten best banks for car loans in Pakistan. These banks have a wide degree of bank car advancements with various supporting costs and residencies which can be sorted out through a car credit calculator. Here goes the rundown:


The best way to deal with figuring out what sort of car loans Bank Alfalah offers is to utilize its car advance calculator. It licenses you to pick the car and the portion plan separated. The bank, for instance, licenses you to pick them all out you need to store. The down portion could be by and large around as low as 15%. Contemplate purchasing a car worth PKR 46 lakh and paying just PKR 6 lac as a hidden portion. You can in this way pick how stretched out you truly need to reimburse the credit.

Key benefits of Alfalah Auto Financing:

  • A new, used, or imported car can be purchased
  • Select reliably reserved portion plans from different residency choices for as long as 5 years
  • Fixed as well as component rate choices to deal with each financial game plan
  • Pay however much you like with straightforward portion adaptability
  • Careful security rates for complete internal understanding
  • No conclusion charges on car substitution
  • Apply with the least documentation and fast dealing 


You should be a Pakistani and have your remuneration ascribed to your record to meet all necessities for a car credit from Faysal Bank. This portion could be acquired as a salaried agent or an independently used individual. In any case, it should be reliable; a salaried worker ought to get PKR 30,000, while independently used people ought to get PKR 50,000. Additionally, a salaried individual’s age is 65, and an independently used individual’s age is 70.

Key benefits of Faysal Bank Auto Financing:

  • Treatment of the application in an advantageous and steady manner
  • Adaptability in the confirmation of cars (neighborhood and imported both)
  • Purchase a new or utilized car
  • Get financing for up to 90% of the vehicle’s worth
  • Credit residency from 1 to 5 years
  • Complete security thought from an expected insurance office
  • Advance booking office


BOP’s renting thing is called CARGAR car subsidizing. The bank guarantees the least documentation necessities and flexible repayments to meet your lone requirements.

One can get new as well as pre-owned cars with a wide scope of rates.

Key benefits of BOP Cargar:

  • The base proportion of support available is Rs. 100,000 (1 lakh), while, the best proportion of financing is Rs.7, 500,000 (75 lakh)
  • Month to month Installment(s) shouldn’t beat half of the extra cash
  • Residency of Lease 1 to 5 years
  • Expansive insurance with a speed of 3.50%
  • Finance new as well as an exchange vehicle
  • Imported car subsidizing is likewise accessible


Meezan Bank also gives bank car loans to Pakistanis abroad. Both standard occupants and RDA beneficiaries are prepared for the assistance; the last decision should be more than 22, and the past should be more than 25. The security you should pay for a car goes from 15 to 50 percent.


Dubai Islamic Bank Private Limited (DIBPL) is recorded as the best bank for car loan in Pakistan. They have the most insignificant markup and least piece with extended length arrangements. The bank claims to offer a most excellent car finance approach that is absolutely Shariah-wonderful.

Key benefits of DIBPL Car Financing:

  • They give the most insignificant confirmation rate curiously, for specific various banks
  • Portion plans with residency choices going from 1-7 years
  • No month-to-month rental installments will be made by the client before conveying the car early holding cases
  • Prepared to convey and move the booking office
  • DIBPL will raise up to 85% of the car evaluation
  • The base proportion of subsidizing open is Rs. 100,000 (1 lakh), however, the best proportion of subsidizing is Rs. 5,000,000 (50 lakh)
  • Open for new or utilized cars, nearby, or imported/re-molded cars


The JS CarAamad offer honors you bank car loans going from PKR 300,000 to PKR 50,000,000. You could incorporate a co-borrower. Pakistanis who are not occupants of Pakistan are likewise qualified. Essentially, expecting that you obtain a ton of overflow mostly through the credit repayment period, you have the choice of managing the advance early.


Standard Chartered offers dumbfounding assistance to Pakistanis through its “Saadiq Auto Finance.” If you utilize this help, your advance expense will be fixed for a significant length of time. SC Bank will give 70% of the car funding to the car buyer.

Your regularly arranged car portion will be genuinely above PKR 24,000 once the car is in your control. Considering the total we spend on our ordinary drive or gas, this has every one of the reserves of being a good blueprint since you get to keep the car continually till the end.