Loan EMI calculator: car, bike, home and personal loans
قسط کیلکولیٹر — گاڑی، موٹر سائیکل اور گھر کا قرض
See the monthly installment, the total markup and what you pay over the whole loan.
The markup rates filled in are examples: the SBP policy rate (12%) plus a typical bank margin. Your bank's offer letter gives the actual rate, insurance (car loans usually require yearly comprehensive insurance) and fees.
Loan limits in Pakistan
- Car loans: up to Rs 3,000,000 per person across all banks; usually up to 5 years for cars up to 1000cc and 3 years above 1000cc; at least 30% down payment (some banks accept 15% for locally made cars up to 1000cc); installments up to about 40% of take-home pay. Imported cars are often not financed.
- Motorcycle loans: usually 2 years (3 years for some Japanese bikes), with a 15% to 50% down payment.
- Home loans: banks finance up to about 75% of the property value for up to 25 years, priced at 1-year KIBOR plus 3% to 4%.
- Pricing: conventional car loans are typically 1-year KIBOR plus 3.5% to 4.5%. The SBP policy rate is 12% (from 27 October 2026); KIBOR moves with it.
As published by banks under State Bank of Pakistan rules, checked 30 October 2026: Bank Alfalah auto loan, Meezan Bank Car Ijarah, Meezan Apni Bike, SBP policy rate decision (APP). Each bank's own terms apply.
Questions
How is the monthly installment worked out?
Banks use the standard reducing-balance formula: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan amount, r the monthly markup rate and n the number of months. This calculator uses the same formula.
What markup rate do banks charge?
Most car and home loans are priced at KIBOR plus the bank's spread, and the rate resets with KIBOR (usually every year). Ask the bank for its current rate, any insurance and processing fees, and whether the rate is fixed or floating.
How much down payment do I need for a car loan?
State Bank rules set a minimum down payment for car loans; the exact limit and the maximum loan and tenure are shown under the calculator. Banks may ask for more.
Is there an Islamic option?
Islamic banks offer car ijarah and home musharakah (diminishing musharakah), where you pay rent plus a share of the asset instead of interest. The monthly amount is usually close to a conventional loan at the same rate.
