Car Loan Eligibility Calculator (Pakistan)
Enter your monthly income, down payment, loan tenure, markup rate and existing obligations. The calculator shows the car price range you may be eligible for, the monthly installment estimate and the total cost of the loan.
Other loans, credit cards and installments you already pay.
Banks usually ask for 20 to 30 percent of the car price.
Enter your details above to see your eligibility.
How to use
- Enter your monthly income and any existing monthly obligations.
- Add the down payment you can pay from your own savings.
- Choose the loan tenure (1 to 7 years) and the expected annual markup rate.
- Your eligible car price range, monthly installment and total cost appear instantly.
Frequently asked questions
Most banks in Pakistan limit your total monthly debt payments to about 40 to 50 percent of your monthly income. After subtracting your existing obligations and adding your down payment, this calculator estimates the maximum car price that fits within that limit.
Banks typically require a down payment of 20 to 30 percent of the car price. A bigger down payment lowers the financed amount, which reduces the monthly installment and can let you choose a more expensive car within the same income limit.
Tenures usually run from 1 to 7 years, and markup rates vary by bank, car type and market conditions. This calculator lets you adjust both values so you can compare how a longer tenure or a lower rate changes the monthly installment and total cost.
No. These are estimates for planning only. Every bank has its own credit policy, processing fees, insurance charges and approved car models, so confirm the actual terms with the bank before you sign anything.
Note
All figures are estimates for planning only. Bank terms vary: actual markup rates, processing fees, takaful or insurance charges, down payment requirements and approved car models differ from bank to bank. Confirm the full terms with the bank before you sign anything.