United Bank Limited Car Loan and interest Rate

With UBL Drive, get a supreme car loan with the best possible financing solution to make your dream car a reality. UBL offers you easy offers and payment flexibility to get your dream car instantly.

UBL Auto Loan Benefits

  1. Minimal required documents and quick processing procedure
  2. At least fifteen percent (15%) minimum down payment
  3. Option for variable or fixed rates
  4. At least one (1) to seven (7) years financing availability for all brand new & local used and imported cars.

UBL Car Loan Eligibility Criteria

Salaried Individuals (SI)Self Employed Businessmen/ Self Employed Professional (SEB/SEP)
Age Limit: 21-60 yearsAge Limit: 21-70
Status of Job: Permanent onlyStatus of Job: N/A
Income: PRs 35,000 per monthIncome: PRs 50,000 per month
Duration of Employment: Min 3 monthsDuration of Business: 1 year

UBL Car Loan Required Documents

Salaried Individuals (SI)Self Employed Businessmen/ Self Employed Professional (SEB/SEP)
Two valid passport size photographsTwo valid passport size photographs
One Valid Copy of CNICOne Valid Copy of CNIC
Documents about Employment ProofAcceptable proof of business documents
Bank statement of past 1 yearBank statement of past 1 year
Experience Letter

UBL Car Loan Markup Rate

FLOATING MARK-UP RATES

Applicable Rate (p.a.)
Relationship1–3 Years Spread PercentageKIBOR + Spread4 – 5 Years Spread PercentageKIBOR + Spread6-7 Years Spread PercentageKIBOR + Spread
Existence Customers4.25%12.22%4.75%12.72%5.25%13.22%
5.25%13.22%5.75%13.72%6.25%14.22%
New to Bank Customers4.75%12.72%5.25%13.22%5.75%13.72%
5.74%13.72%6.25%14.22%6.75%14.72%

FIXED MARK-UP RATES

Applicable Rate (p.a.)
Relationship1–3 Years Spread PercentageKIBOR + Spread4 – 5 Years Spread PercentageKIBOR + Spread6-7 Years Spread PercentageKIBOR + Spread
Existence Customers7.00%14.97%8.00%15.97%8.50%16.47%
8.00%15.97%9.00%16.97%9.50%17.47%
New to Bank Customers7.50%15.47%8.50%16.47%9.00%16.97%
8.50%16.47%9.50%17.47%10.00%17.97%

UBL Car Loan Calculator

In order to know the exact figure and digits about car loans and their installments. UBL Auto Drive Loan helps with calculator which are given in link: https://www.ubldirect.com/corporate/BankingServices/ConsumerLoans/UBLDrive/UBLAutoLoanCalculator.aspx

UBL Car Loan Online Apply

For UBL Drive Car Loan Online Apply, please click the link: https://www.ubldigital.com/Loans/ConsumerLoans/UBLDrive/UBLDriveApplyNow

UBL Drive Contact Information:

For more information or queries, please call at UBL Contact Center 111-825-888 (UAN).

Email at customer.services@ubl.com.pk

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