UBL Drive

With UBL Bank competitive car loan, we provide the best possible financing solution to make your dream car a reality. Benefit today from the most appealing features in town and get the keys of your dream car at a glance!

Product Benefits and Features

Financing available for all New & used(Local), and Imported Cars
Loan available on flexible and fixed rates
Minimum Down Payment (20%)
Maximum financing till Rs 6.00 Million
Financing period is 1-7 years
Choice of reputable insurance companies at competitive rates.
Quick processing and minimal documentation
Up to 80% financing

Mark Up Rates

Floating Mark-up rates

Existing Customers	1 year KIBOR*+6%
New to Bank Customers	1 year KIBOR*+7%

*KIBOR One Year (Ask Side) prevailing on the last working day of the month prior to the booking,

Fixed Mark-up rates

Relationship	1-3 Years	4-7 Years
Existing	20%	21%
New to Bank	21%	22%

Eligibility Criteria:

Salaried Customers	Self - Employed Professionals
Age Criteria: 21-60	Age Criteria: 21-65
Job Status: Permanent only	Job Status: NA
Salary Income: Rs 35,000 per month	Salary Income: Rs 50,000 per month
Length of Employment: Min 03 months	Length of Business: 2 years
DBR: Max 40%	DBR: Max 40%

Category Wise Requirement

Salaried Customers	Self - Employed Professionals
Two recent photographs	Two recent photographs
Copy of CNIC	Copy of CNIC
Employment Proof	Acceptable proof of business
Experience Letter	Bank statement of last 1 year
Bank statement of last 1 year	Registered or unregistered Partnership Deed

UBL Drive – Auto Leasing

Auto Drive finance lease model will be based on lease finance agreement, where Bank purchases the car and rent 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 second time from UBL Drive with their existing car loan plan under this variant can readily apply with a rebate facility.

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