List of Car Finance Providers:

United Bank Ltd.

Head Office:	Customer Services 2nd Floor, UBL Warehouse Building, Plot # 1 & 2 "C" Group, Mai Kolachi Road, Karachi
Contact Person:	N/A	Mobile:	Click here to View Number N/A
UAN:	111 825 222 Ext:4143	Phone:	Click here to View Number +92-021-5877072

UBL Drive is a unique auto financing product which offers you features, options and flexibility unmatched by any other bank, because at UBL, you come first. Both fixed and floating rates are offered to our customers. At UBL we offer financing for new and used cars. Drive’s Car Replacement Plan is the slogan name for a premier auto financing product. Customers who intend to avail loan facility from UBL Drive under this variant can readily have their existing cars replaced after a year of financing.

UBL Drive (Standard Product)

UBL Drive is a unique auto financing product which offers you features, options and flexibility unmatched by any other bank, because at UBL, You come first. Both Fixed and Floating rates are offered to our customers. Floating rate is linked with the KIBOR.

New Car Financing

UBL Drive allows you to drive away in your own car by making a down payment of minimum 20% and to top that with low monthly installments.

Pricing Plan (Fixed Rate)

Tenure

1 to 2 years

3 to 4 years

5 years

Rate

19% - 20%

19.5% - 20.50%

20% - 21%

Pricing Plan (Floating Rate)

1 year Kibor + 4.5% to 5.5% * Floating rate is revised annually.

Used Car Financing

With UBL Drive you can buy your favorite used car (up to 5 years old) at the most affordable rates.

Pricing Plan (Fixed Rate)

Tenure

1 to 2 years

3 to 4 years

5 years

Rate

20% - 21%

20.5% - 21.50%

21% - 22%

Pricing Plan (Floating Rate)

1 year Kibor + 5.5% to 6.5% * Floating rate is revised annually.

Car Replacement Plan

Drive's Car Replacement Plan is the slogan name for a premier auto financing product. Customers who intend to avail loan facility from UBL Drive under this variant can readily have their existing cars replaced after a year of financing.

Product Features

Free Tracking Device Option will be provided to the customers on affordable rates. this will be done in collaboration with the insurance companies on our panel.
Zero Pre-Payment Penalty No penalty will be charged from the customer if the loan is been paid off after a year.
Payment Holidays A unique concept whereby which payment breaks will be given to the customers on occasions such as Eid etc. Payment Holidays will be given once a year to the customers.
Payment Flexibility Whereby which the customer will be provided the flexibility to change the loan tenor, opt for partial payment of the outstanding principal amount.

Insurance Options

UBL Drive offers you the following insurance options: