🏦 Faysal Bank — Pakistan’s Largest Islamic Bank
Faysal Bank Car Loan Calculator 2026
Calculate your Faysal Islami Auto Finance monthly rental — Diminishing Musharakah, KIBOR-linked, 100% Shariah-compliant
Simple Calculator
Advanced (Vehicle Price)
☪ Faysal Islami Auto Finance is based on Diminishing Musharakah — joint ownership, no Riba. Rate is KIBOR-linked and revised annually (not monthly).
🚗 New Car
🔄 Used Car (up to 9 yrs)
Above 1000cc (Max 3 yr)
Below 1000cc (Max 5 yr)
Max PKR 3,000,000
KIBOR (~10.89%) + spread — revised annually
Monthly Ijarah Rental
PKR —
Exclusive of Takaful & tracker charges · Rate revised annually
—
Total Rental Paid
—
Total Profit
—
Est. Takaful/yr
📡 Mandatory Tracker Charges (not included above)
PKR 22,000+
One-time upfront (+ FED)
PKR 1,500+
Monthly monitoring (+ FED)
* Estimates only. Rental excludes Takaful, tracker (PKR 22,000 upfront + PKR 1,500/mo), and registration costs. Profit rate revised annually per KIBOR. Processing fee PKR 12,000 charged after case approval. Call 021-111-06-06-06.
Faysal Bank Car Loan Calculator — Faysal Islami Auto Finance Pakistan
This Faysal Bank car loan calculator helps you estimate your monthly rental for Faysal Islami Auto Finance — a 100% Shariah-compliant product based on Diminishing Musharakah. As Pakistan’s largest Islamic bank, Faysal Bank offers car financing for both new and used locally manufactured vehicles, with a maximum financing limit of PKR 3,000,000.
One key difference from other banks: Faysal Bank’s profit rate is KIBOR-linked and revised annually (every 12 months) — not monthly like Bank Alfalah. For vehicles above 1000cc, the maximum tenure is 3 years. For below 1000cc vehicles, you can get up to 5 years. A mandatory GPS tracker costs PKR 22,000+FED upfront plus PKR 1,500+FED per month — most competitors don’t mention this cost.
The processing fee of PKR 12,000 is charged only after your case is approved — not upfront. Rental payments start only after vehicle delivery, not from application date. A co-borrower facility is also available for higher eligibility.
Faysal Islami Auto Finance — Key Features
What sets Faysal Bank apart as Pakistan’s largest Islamic bank
Pakistan’s Largest Islamic Bank
100% Riba-free financing — Diminishing Musharakah, Shariah Board certified
Annual Rate Revision
KIBOR rate revised every 12 months — more stable than monthly revisions
Rental from Delivery
Monthly rental starts only after vehicle is delivered to you — not from application
Co-Borrower Available
Apply jointly with a co-borrower to qualify for higher financing amount
Used Cars up to 9 Years
Finance used cars up to 9 years old — maturity must not exceed 12 years
Fee After Approval Only
PKR 12,000 processing fee charged only after your case is approved — not upfront
📊 Rates & Charges
Max Financing PKR 3,000,000
Min Down Payment 30% (or higher by model)
Rate Type KIBOR-linked (annual revision)
Tenure (above 1000cc) 1–3 Years
Tenure (below 1000cc) 1–5 Years
Processing Fee PKR 12,000 (post-approval)
Tracker (upfront) PKR 22,000 + FED
Tracker (monthly) PKR 1,500 + FED
Late Payment Charity PKR 1,000 per late payment
✅ Eligibility Criteria
Min Age (Salaried) 21 years
Max Age (Salaried) 65 years at maturity
Max Age (Self-Employed) 70 years at maturity
Max Debt Burden Ratio 40% of net income
Used Car Age Max 9 yrs at financing
Used Car at Maturity Max 12 years
Co-Borrower Available
Eligible Income Salary, Business, Professionals, Deposit-based
🔍 Quick Eligibility Check
Required Documents
👔 Salaried Individuals
Copy of valid CNIC
Latest salary slip / employment letter
Bank statement (last 3–6 months)
Vehicle proforma invoice
Duly filled Faysal Bank application form
2 passport-size photographs
🏢 Self-Employed / Business
Copy of valid CNIC
Bank statement (last 6 months)
Business proof / NTN / tax returns
Vehicle proforma invoice
Duly filled Faysal Bank application form
2 passport-size photographs
Frequently Asked Questions
Everything about Faysal Bank car loan calculator and Faysal Islami Auto Finance Pakistan
What is Faysal Bank car loan profit rate in 2025? ▾
Faysal Bank’s profit rate is based on 1-Year KIBOR plus a spread. With KIBOR currently at approximately 10.89%, the effective profit rate for most tenures is around 14–15% p.a. Unlike Bank Alfalah (monthly revision), Faysal Bank revises its rate annually — once every 12 months from the date of financing. This provides more payment stability. Confirm the exact current rate at any Faysal Bank branch or call 021-111-06-06-06.
What is the maximum tenure for Faysal Bank car loan? ▾
Faysal Bank has two different maximum tenures based on engine size — a detail most calculators miss. For vehicles above 1000cc, the maximum tenure is 3 years (1 to 3 years). For vehicles below 1000cc (like Suzuki Alto, Wagon R), the maximum tenure is 5 years (1 to 5 years). This engine-based rule applies to both new and used cars. Use the toggle above to switch between above/below 1000cc to see the correct tenure options.
What are the tracker charges for Faysal Bank car financing? ▾
All vehicles financed through Faysal Islami Auto Finance are fitted with a mandatory GPS tracker. The tracker costs PKR 22,000 + FED as a one-time upfront payment at disbursement, plus PKR 1,500 + FED per month for ongoing monitoring. Over a 3-year tenure, the tracker monitoring alone costs approximately PKR 54,000 — a significant hidden cost that most online calculators don’t mention. Always factor this into your total monthly budget.
When do Faysal Bank car loan rental payments start? ▾
Monthly rental payments start only after the vehicle is delivered to you — not from the application date. Under Diminishing Musharakah, rent is payment for using the bank’s share of the asset. Since you can’t use the car before delivery, rent is not charged during the booking/delivery period. This is a significant advantage over some conventional banks that start charging from disbursement.
What is the Faysal Bank car loan processing fee? ▾
The processing fee for Faysal Islami Auto Finance is PKR 12,000. Importantly, this fee is charged after your case is approved — not upfront. This means if your application is rejected, you don’t pay the fee. Compare this to Bank Alfalah (PKR 13,500 upfront) and HBL (PKR 7,500 for new customers). Additional charges include documentation fees, vehicle registration costs, and Takaful premium.
Can I apply for Faysal Bank car loan with a co-borrower? ▾
Yes. Faysal Bank offers a co-borrower facility that allows you to combine income with an immediate family member (spouse or parent) to qualify for a higher financing amount. The maximum financing limit remains PKR 3,000,000 regardless of co-borrower. The co-borrower’s name will appear on the financing documents and they share the financial liability. Use the eligibility checker above to see your individual or combined limit.
How is Faysal Bank different from Meezan Bank car loan? ▾
Both are Islamic banks using similar DM/Ijarah structures, but key differences exist. Faysal Bank is Pakistan’s largest Islamic bank by total assets; Meezan is largest by number of branches. Faysal Bank’s rate is revised annually; Meezan’s rate is subject to more frequent revision. Faysal Bank has a PKR 22,000 upfront tracker charge; Meezan’s tracker arrangement may differ. Both have a max limit of PKR 3M and use Takaful. Compare both using the calculators on this site to choose what works best for your budget.
Ready to apply for Faysal Islami Auto Finance?
Pakistan’s largest Islamic bank — apply online or at any of Faysal Bank’s 700+ branches