UBL Drive
Consumer Loans
With UBL Bank competitive car loan, we provide the best possible financing solution to make your dream car a reality.

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
  • Minimum down payment
    • 30% for all vehicles
  • Option for fixed or variable rates
  • Zero charges on Car Replacement Program
  • Flexible financing tenure
    • 1-5 years financing available for all New & Used (Local) – (Vehicles upto 1000 CC)
    • 1-3 years financing available for all New & Used (Local) – (Vehicles above 1000 CC)

Mark Up Rates

Floating Mark-up rates

Relationship Applicable Rate (p.a.)
1 - 3 Years 4 - 5 Years
Spread % Spread %
Existing Customers 1YK + 4.25% 1YK + 4.75%
New to Bank Customers 1YK + 4.75% 1YK + 5.25%

*Additional 1% to be charged for all cases process with any deviation


Fixed Mark-up rates

Relationship Applicable Rate (p.a.)
1 - 3 Years 4 - 5 Years
Existing Customers 21% 21%
New to Bank Customers 21% 21%

*Additional 1% to be charged for all cases process with any deviation
*Limited time offer

Fixed Mark-up rates

Relationship Applicable Rate (p.a.)
1 - 3 Years 4 - 5 Years
Spread % Spread %
Existing Customers 1YK + 7.00% 1YK + 8.00%
New to Bank Customers 1YK + 7.50% 1YK + 8.50%

*Additional 1% to be charged for all cases process with any deviation

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.

UBL Auto Loan – Residual Value

The expected worth of a vehicle at the end of the lease period is known as residual value. It's one of the most essential criteria in deciding the cost of a car.

With the present trend of rising expenses and their difficult effect on the consumer's purchasing capacity, UBL are proudly announce to introduce UBL Residual Value option to continually attempting to create convenient and reasonable financing choices that attract customers. This is a step toward improving the experience of auto finance consumers.

The product is offer under Auto Lease Only.

Silent Features

  • Withholding tax will be borne by the Bank
  • Fixed markup rate for entire loan period
  • Maximum RV of up to 50%
  • Up to 1.75% of insurance rate with UBL Insurer
  • Customer has to make balloon payment at the end which results in lower in installments
  • Applicable for New & Used vehicle as per approval

List of Vehicles under RV segment

S. No Assemble OEM Make RV Percentage (Up to)
1

Local – New & Used

Honda

All Variants

50%

2

Local – New & Used

Toyota

All Variants

50%

3

Local – New & Used

Suzuki

All Variants

50%

4

Local – New

KIA

All Variants

50%

5

Local – Used

KIA

All Variants

40%

6

Local – New

Hyundai

All Variants

50%

7

Local – Used

Hyundai

All Variants

40%

8

Local – New

Changhan

All Variants

50%

9

Local – Used

Changhan

All Variants

35%

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