🏦 Bank Alfalah — Pakistan
Bank Alfalah Car Loan Calculator 2025
Calculate Alfalah Auto Loan monthly installment — conventional & Islamic Car Ijarah with balloon payment option
✓ KIBOR-Linked Variable Rate
✓ Balloon Payment Option
✓ Up to PKR 3M
✓ Islamic Car Ijarah
✓ Instant Auto Loan
Alfalah Auto Loan
Conventional — KIBOR-linked
Alfalah Car Ijarah
Islamic — Shariah-compliant
Simple Calculator
Advanced (Vehicle Price)
Balloon Payment
📊 Bank Alfalah uses 1-Year KIBOR + spread as markup. Current KIBOR ~10.89%. Spread: +3.5% (2yr) / +4.0% (3yr) / +4.5% (4–5yr, under 1000cc only). Rate revised monthly.
Current 1-Year KIBOR (approx.)
10.89%
Effective Rate (3yr tenure)
14.89%
Max PKR 3,000,000 (SBP limit)
KIBOR + spread — confirm at branch
Monthly Installment
PKR —
Exclusive of insurance · Rate revised monthly per KIBOR
—
Total Payable
—
Total Markup
PKR 13,500
Processing Fee + FED
* Indicative only. KIBOR-linked rate changes monthly. Confirm current rate at any Bank Alfalah branch or call 111-225-111.
Bank Alfalah Car Loan Calculator — Alfalah Auto Loan & Car Ijarah
This Bank Alfalah car loan calculator covers both Alfalah Auto Loan (conventional) and Alfalah Car Ijarah (Islamic). The conventional product uses a KIBOR-linked variable markup rate — currently around 14.89% for a 3-year tenure (KIBOR ~10.89% + 4.00% spread). The rate is revised monthly on the first day of each month.
Bank Alfalah also offers a unique Balloon Payment Option — you defer up to 50% of the financing amount to the end of your tenure as a lump sum. This significantly lowers your monthly installments throughout the loan period. Use the Balloon Payment tab above to compare both scenarios.
The maximum car loan limit as per SBP regulations is PKR 3,000,000 per person across all banks. Processing fee for Bank Alfalah Auto Loan is PKR 13,500 + FED (Federal Excise Duty).
What Makes Bank Alfalah Auto Loan Different
Features no other Pakistani bank offers together in one product
Balloon Payment
Defer up to 50% of loan to end — drastically reduces monthly installments
Zero Penalty Car Swap
Replace your financed car with a new one — no pre-adjustment penalties
Instant Auto Loan
Pre-evaluated offer for existing customers — apply via Alfa App in minutes
Roshan Apni Car
Overseas Pakistanis with RDA can finance a car entirely digitally
Deferred Insurance
Spread insurance & registration costs over your financing tenure
Partial Payment Product
Already booked a car? Convert outstanding balance to monthly installments
Alfalah Auto Loan — Key Features
Standard features of Bank Alfalah car financing
KIBOR-Linked Rate
Variable rate tied to 1-year KIBOR — benefits when market rates fall
New & Used Cars
Locally assembled new and used vehicles — no imported cars
Up to PKR 3 Million
Per SBP regulations — max PKR 3M across all banks combined
Islamic Option
Alfalah Car Ijarah for Shariah-compliant, interest-free financing
Agricultural Income OK
Farmers with Fard/Mukhtar-e-Kar can apply — unique among major banks
Alfa App Digital Apply
Existing customers can apply fully digitally via the Alfa App
📊 Rates & Charges
Rate Type KIBOR-linked Variable
Current KIBOR (~) 10.89% p.a.
Spread (2yr) KIBOR + 3.50%
Spread (3yr) KIBOR + 4.00%
Spread (4–5yr) KIBOR + 4.50% (under 1000cc)
Max Financing PKR 3,000,000 (SBP)
Processing Fee PKR 13,500 + FED
Balloon Payment Up to 50% of loan
✅ Eligibility Criteria
Citizenship Pakistani national (CNIC)
Age (Salaried/Govt) 22–65 years
Age (Self-Employed) 22–70 years
Min Income (Salaried) PKR 30,000 gross/month
Min Income (Self-Employed) PKR 50,000 gross/month
Min Income (Professionals) PKR 50,000 gross/month
Income Sources Salary, Business, Agri, Rental, Remittance
🔍 Quick Eligibility Check
Required Documents
👔 Salaried Individuals
Copy of valid CNIC
Latest salary slip or employment letter
Bank statement (last 6 months)
SBP undertaking (existing loan declaration)
Completed application form
2 passport-size photographs
🏢 Self-Employed / Business
Copy of valid CNIC
Bank statement (last 6 months)
Proof of business / NTN
SBP undertaking
Completed application form
2 passport-size photographs
Frequently Asked Questions
Everything about Bank Alfalah car loan calculator and Alfalah Auto Loan Pakistan
What is Bank Alfalah car loan markup rate in 2025? ▾
Bank Alfalah Auto Loan uses a KIBOR-linked variable rate. The formula is: 1-Year KIBOR + a spread. Current KIBOR is approximately 10.89%. The spread depends on tenure — 3.50% for 2 years, 4.00% for 3 years, and 4.50% for 4–5 years (under 1000cc vehicles only). So for a 3-year loan, the effective rate is approximately 14.89% p.a. This rate is revised on the 1st of each month based on prevailing KIBOR. Confirm the latest rate at any Bank Alfalah branch or call 111-225-111.
What is the Bank Alfalah balloon payment option? ▾
The balloon payment option lets you defer up to 50% of your financing amount to the end of your loan tenure as a single lump sum. This significantly reduces your monthly installments throughout the loan period. For example, on a PKR 2,000,000 loan over 3 years at 14.89%, standard monthly installment is ~PKR 69,200. With a 50% balloon, monthly drops to ~PKR 44,800 — but you owe PKR 1,000,000 at the end. Use the Balloon Payment tab in the calculator above to compare both scenarios.
Can Bank Alfalah finance imported cars? ▾
No. Bank Alfalah Auto Loan covers only locally assembled or locally manufactured vehicles. Imported vehicles — whether new or used — are not eligible under the standard Alfalah Auto Loan product. This applies to both the conventional loan and the Islamic Car Ijarah. For imported car financing, consider other banks that offer this option.
What is the minimum income for Bank Alfalah car loan? ▾
Minimum gross monthly income requirements: salaried individuals PKR 30,000, self-employed/business persons PKR 50,000, and professionals (CAs, doctors, consultants) PKR 50,000. Bank Alfalah also accepts agricultural income, rental income, and foreign remittances as income sources — which most other banks do not.
What is the Alfalah Car Ijarah? ▾
Alfalah Car Ijarah is Bank Alfalah’s Shariah-compliant car financing product. Under Ijarah, the bank purchases the vehicle and leases it to you for an agreed period. You pay fixed monthly rentals — no interest (Riba). At the end of the Ijarah term, the vehicle ownership transfers to you. Takaful (Islamic insurance) is used instead of conventional insurance. It is approved by Bank Alfalah’s Shariah Board.
What is the Bank Alfalah Instant Auto Loan? ▾
The Instant Auto Loan is exclusively for existing Bank Alfalah customers who have been pre-evaluated by the bank. If eligible, you’ll see a pre-approved offer inside your Alfa App — no branch visit needed. Requirements: you must be a Bank Alfalah individual account holder, have an account relationship of more than 1 year, and maintain a minimum average monthly balance of PKR 100,000 for the last 6 months.
Can overseas Pakistanis get Bank Alfalah car loan? ▾
Yes. Bank Alfalah offers the “Roshan Apni Car” facility exclusively for Roshan Digital Account (RDA) holders. This allows overseas Pakistanis to finance a brand-new, locally manufactured vehicle in Pakistan — entirely digitally without visiting Pakistan. The vehicle is delivered through their nominee in Pakistan. Contact Bank Alfalah for RDA-specific terms and conditions.
What is the processing fee for Bank Alfalah car loan? ▾
The processing fee for Bank Alfalah Auto Loan is PKR 13,500 plus Federal Excise Duty (FED) at 16%. This is a one-time upfront fee paid at disbursement. In addition, you need to pay first-year insurance premium and vehicle registration charges separately. Bank Alfalah has arrangements with top insurance companies offering special low rates for its car loan customers.
Ready to apply for Bank Alfalah Auto Loan?
Calculate your installment above, then apply via Alfa App or visit any Bank Alfalah branch