Faysal Islami Car Finance·KIBOR + 5.0%–6.0% (≈17.05–18.05% today)Published by Faysal Bank · checked 2026-08-05
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Faysal Bank Car Loan Calculator Pakistan 2026
Estimate your Faysal Islami Car Finance monthly instalment, then compare it side by side against every other major bank. SBP tenure rules applied automatically.
📋 Loan details
30% of vehicle price (SBP minimum: 30%)
ℹSBP rule: max tenure 3 years for vehicles above 1000cc.
✓ Your estimate
Monthly installment
PKR 113,170 /mo
Loan amountPKR 3,150,000
Total markup / interestPKR 924,128
Total payablePKR 4,074,128
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Your estimated EMI: PKR 113,170/mo
Amortization schedule
Year-by-year breakdown of principal vs. interest, and your remaining balance.
| Year | Payment | Principal | Interest | Remaining balance |
|---|---|---|---|---|
| 1 | PKR 1,358,043 | PKR 873,251 | PKR 484,791 | PKR 2,276,749 |
| 2 | PKR 1,358,043 | PKR 1,039,456 | PKR 318,587 | PKR 1,237,293 |
| 3 | PKR 1,358,043 | PKR 1,237,293 | PKR 120,749 | PKR 0 |
Compare bank rates
| Bank | Rate | Max tenure | Max financing | Est. monthly |
|---|---|---|---|---|
| Meezan Car Ijarahislamic | 12.27% fixed* | 3 yrs | PKR 10,000,000 net, up to 2 vehicles | PKR 105,032/mo |
| BankIslami Auto Musharakaislamic | 14% fixed* | 3 yrs | 70% (new cars only) | PKR 109,196/mo |
| Faysal Islamiislamicviewing | 17.05–18.05% | 3 yrs | PKR 3,000,000 (70% of value) | PKR 113,170/mo |
🕒 Total markup = 1-year KIBOR (12.05%, SBP, 27 Jul 2026) + that bank's own spread, where applicable. Rates marked * are not published by the bank on its own website and are indicative only. SBP caps total auto financing at PKR 3,000,000 per person across all banks. Always confirm your exact offer with the bank directly.
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How Faysal Islami Car Finance works
Faysal Islami Car Finance is structured as Diminishing Musharakah — you and the bank co-own the vehicle, and your monthly payment progressively buys out the bank's share alongside a rental on the portion it still owns.
What to check before applying to Faysal Bank
- Under Diminishing Musharakah your ownership share rises every month, so early settlement is usually cleaner than under a conventional loan.
- Faysal Bank converted fully to Islamic banking, so this is its standard auto product rather than an Islamic window alongside a conventional one.
- The rental component is benchmarked, so unlike Meezan's fixed Ijarah rental your payment can be repriced.
Moneylyn is not affiliated with Faysal Bank. Rate figures are indicative, verified 2026-08-05, and change with SBP policy revisions and your individual profile. Always confirm current terms directly with the bank before applying.
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