Calculators
Loan installment calculator
Enter the financed amount, the markup rate your bank quoted and the tenure to see your monthly installment and the true cost of the loan over its life.
Monthly installment
Rs 76,180
60 payments
Total markup
Rs 1,570,817
Total payable Rs 4,570,817
How tenure changes the installment
Same amount and rate, different tenures — a longer loan lowers the monthly figure and raises the total cost.
| Tenure | Monthly installment | Total markup |
|---|---|---|
| 1 year | Rs 275,040 | Rs 300,480 |
| 2 years | Rs 149,772 | Rs 594,535 |
| 3 years | Rs 108,457 | Rs 904,459 |
| 5 years | Rs 76,180 | Rs 1,570,817 |
| 7 years | Rs 63,054 | Rs 2,296,495 |
Loan questions
Is this the same as bank car financing?
The installment maths is identical. Banks also add insurance, tracker and processing charges, so ask for the total cost of ownership schedule before signing.
What rate should I enter?
Use the rate on your offer letter. Most Pakistani auto loans are priced at KIBOR plus a bank spread, so the rate can change during the tenure on floating products.
Does early repayment save money?
Yes, because markup accrues on the outstanding balance, though many banks charge an early settlement fee that offsets part of the saving.