🇵🇰 Pakistan Loan Calculator
Pakistan Loan Calculator
Calculate monthly installments for HBL, Meezan, UBL, NBP and all major Pakistani banks
15+
Banks Covered
4
Loan Types
Free
Always Free
Quick Loan Calculator
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Monthly Installment (PKR)
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Total Payable (PKR)
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Total Interest / Profit
Choose Your Bank
Click any bank to auto-fill its rate in the calculator above
HBL
From 21% p.a.
12,100 searches/mo
Meezan Bank
Islamic — Murabaha
8,100 searches/mo
UBL
From 22% p.a.
6,600 searches/mo
NBP
From 20% p.a.
3,600 searches/mo
Bank Alfalah
From 21.5% p.a.
2,900 searches/mo
MCB Bank
From 21% p.a.
2,900 searches/mo
Bank Islami
Islamic — Murabaha
1,900 searches/mo
Faysal Bank
From 21% p.a.
1,900 searches/mo
Bank of Punjab
From 21% p.a.
1,300 searches/mo
Askari Bank
From 21.5% p.a.
590 searches/mo
Loan Types
Most searched loan categories in Pakistan
Car Loan
30,000+ searches/month
Home Loan / House Finance
8,000+ searches/month
Personal Loan
5,000+ searches/month
Salary / Advance Loan
2,600+ searches/month
Bank Rate Comparison
Car loan rates across major Pakistani banks — updated regularly
| Bank | Rate (Car Loan) | Max Tenure | Type |
|---|---|---|---|
| HBL | 21% – 24% p.a. | 7 Years | Conventional |
| Meezan Bank | 19% – 22% p.a. | 5 Years | Islamic |
| UBL | 22% – 25% p.a. | 7 Years | Conventional |
| NBP | 20% – 23% p.a. | 5 Years | Conventional |
| Bank Alfalah | 21.5% – 24% p.a. | 7 Years | Conventional |
| MCB Bank | 21% – 23% p.a. | 5 Years | Conventional |
| Bank Islami | 18% – 21% p.a. | 5 Years | Islamic |
| Faysal Bank | 21% – 24% p.a. | 5 Years | Conventional |
💡 Loan Tips for Pakistan
The State Bank of Pakistan (SBP) policy rate drives all bank lending rates. When SBP cuts rates, loan costs drop across all banks.
Islamic banks like Meezan and Bank Islami use Murabaha or Ijarah models — no interest, but a profit rate applies instead.
Always compare processing fees. Some banks charge 1–2% upfront, which significantly increases your total cost.
Government employees get preferential rates at NBP and HBL through special salary-linked loan schemes.
A larger down payment means a lower monthly installment and less total interest paid over the loan term.
Longer tenure reduces your monthly payment but increases the total amount you pay back. Use the calculator above to compare.
Frequently Asked Questions
Common questions about bank loans in Pakistan
How is the monthly loan installment calculated in Pakistan?
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The standard formula is: M = P × r(1+r)^n / ((1+r)^n – 1). Here P is the loan amount, r is the monthly interest rate (annual rate divided by 12), and n is the total number of months. The calculator above handles this automatically — just enter your amount, rate, and tenure.
What is the difference between HBL and Meezan Bank car loans?
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HBL offers a conventional interest-based car loan. Meezan Bank uses the Islamic Murabaha model — the bank purchases the vehicle first and sells it to you at a profit. No interest is charged technically, but a profit rate applies. Meezan rates are often slightly lower than HBL and the product is Shariah-compliant.
What income do you need to qualify for a home loan in Pakistan?
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Most banks require your monthly installment to be no more than 40–50% of your net monthly income. For example, if you earn PKR 50,000 per month, your installment should ideally not exceed PKR 20,000–25,000. Income documents, credit history, and employment type all affect eligibility.
Who is eligible for an NBP salary loan?
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NBP salary loans are primarily for government employees — federal and provincial government staff, armed forces personnel, and employees who receive their salary through an NBP account. The maximum loan amount is typically up to 20 times the basic salary.
Which bank offers the cheapest car loan in Pakistan?
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Bank Islami and Meezan Bank currently offer relatively lower rates through Islamic finance. However, the cheapest loan for you depends on your eligibility, down payment, and tenure. Always compare total payable amounts — not just the monthly installment. Use the calculator above to run scenarios for each bank.
Need a calculator for a specific bank?
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