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
    • 15% (vehicles upto 1000 CC)
    • 30% (vehicles above 1000 CC)
  • Option for fixed or variable rates
  • Zero charges on Car Replacement Program
  • Flexible financing tenure
    • 1-7 years financing available for all New & Used (Local) – (Vehicles upto 1000 CC)
    • 1-5 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 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.

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