UBL Drive
With UBL Drive, get an unparalleled car loan, with the best possible financing solutions to make your dream car
a reality. UBL provides convenient offerings and flexibility of payments to get you your dream car instantly.
Product Benefits and Features
-
Quick processing and minimal documentation
-
15% minimum down payment
-
Option for fixed or variable rates
-
1-7 years financing available for all New & Used (Local), and Imported
Cars
Mark Up Rates
Floating Mark-up rates
| Relationship
|
Applicable Rate (p.a.)
|
| 1 - 3 Years
|
4 - 5 Years
|
6 - 7 Years
|
| Spread %
|
KIBOR + Spread
|
Spread %
|
KIBOR + Spread
|
Spread %
|
KIBOR + Spread
|
| Existing Customers*
|
4.25%
|
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 Customers
|
4.75%
|
12.72%
|
5.25%
|
13.22%
|
5.75%
|
13.72%
|
| 5.75%
|
13.72%
|
6.25%
|
14.22%
|
6.75%
|
14.72%
|
*KIBOR One Year (Ask Side) prevailing on the last working day of the month prior to the booking,
Fixed Mark-up rates
| Relationship
|
Applicable Rate (p.a.)
|
| 1 - 3 Years
|
4 - 5 Years
|
6 - 7 Years
|
| Spread %
|
KIBOR + Spread
|
Spread %
|
KIBOR + Spread
|
Spread %
|
KIBOR + Spread
|
| Existing Customers*
|
7.00%
|
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 Customers
|
7.50%
|
15.47%
|
8.50%
|
16.47%
|
9.00%
|
16.97%
|
| 8.50%
|
16.47%
|
9.50%
|
17.47%
|
10.00%
|
17.97%
|
Eligibility Criteria:
| Salaried Customers
|
SEB/SEP
|
| Age Criteria: 21-60
|
Age Criteria: 21-70
|
| Job Status: Permanent only
|
Job Status: N/A
|
| Salary Income: Rs 35,000 per month
|
Salary Income: Rs 50,000 per month
|
| Length of Employment: Min 3 months
|
Length of Business: 1 year
|
Category Wise Requirement
| Salaried
|
SEB/SEP
|
| Two recent photographs
|
Two recent photographs
|
| Copy of CNIC
|
Copy of CNIC
|
| Employment Proof
|
Acceptable proof of business
|
| Bank statement of last 1 year
|
Bank statement of last 1 year
|
| Experience Letter
|
|
UBL Drive – Auto Leasing
Auto Drive finance lease model will be based on lease finance agreement, where the bank purchases the car and
rents it out to the customer for a certain period, agreed at the time of the contract
UBL Auto Loan – Zero Pre-Payment Penalty Plan
Customers who intend to avail car loan facility a second time from UBL Drive with their existing car loan plan
under this variant can readily apply with a rebate facility.
click here to Apply Now
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(FAQ)
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Question (FAQ)