Auto Loan Calculator
Calculate Car Financing EMI & Leasing Costs
Auto Finance
Rs.
Rs.
Rs.
Rs.
Rs.
Monthly Installment (EMI)
Incl. Insurance
Pakistani Rupees
107,083
Financed Amount
Rs. Rs. 3,500,000
Down Payment
Rs. Rs. 1,500,000
Monthly Insurance
Rs. Rs. 10,417
Total Interest Paid
Rs. Rs. 2,299,972
Total Cost of Car
Rs. Rs. 7,924,972
This calculator provides an estimated EMI. Actual bank offers may vary due to floating KIBOR rates, processing fees, tracker charges, and exact days in the month. Car insurance is mandatory for auto loans in Pakistan and is typically bundled into your monthly payment.
Frequently Asked Questions
Under Islamic Ijarah, the bank purchases the car and rents it to you. You pay a monthly rental fee. At the end of the tenure, the car is gifted or sold to you for a nominal token amount. The mathematical calculation for the monthly rental is often very similar to conventional EMI, but structured differently legally.
In most cases, banks offer floating rates linked to KIBOR, which is revised annually. If KIBOR goes up next year, your monthly installment will increase, and vice versa.
When you finance a car over 5 years at a high interest rate (e.g., 20%+), you end up paying a massive amount in interest. Plus, adding 2.5% annual insurance over 5 years adds another 12.5% of the car's value to your total cost.