HBL Car Loan Offer: Get PKR 30 Lac Loan Over 5 Years with Lowest Markup Rate

HBL Car Loan

Habib Bank Limited (HBL) has recently introduced a special car financing promotion that aims to make car ownership more affordable for many Pakistanis. With competitive markup rates, flexible terms, and added perks, here’s what you need to know if you’re considering a PKR 30 lac car loan over 5 years.

What’s New in HBL’s Car Financing Offer

Fixed markup rate of 9.99% per annum on new and locally manufactured vehicles.
Exclusive benefits: priority delivery and complimentary vehicle tracker included in this offer.
Limited-time promotion: valid until 31st October 2025.

Sample Loan Scenario: PKR 30 Lac Loan Over 5 Years

Feature	Value
Loan Amount	PKR 30,00,000 (30 lac)
Loan Tenure	5 years (60 months)
Markup / Interest Rate	Fixed 9.99% p.a.
Monthly Instalment (approx.)	PKR 63,700 ‒ PKR 65,000*
Total Payable (Principal + Markup)	~ PKR 36,00,000 ‒ PKR 37,00,000*
Perks	Vehicle tracker, priority delivery, possibly insurance bundled

*These are approximate estimates based on standard amortization formula; actual instalments may vary slightly due to down payment, processing fees, and insurance.

How the Monthly Instalments are Calculated

To give you an idea:

The fixed 9.99% rate means markup (interest) is charged on the reducing balance each month.
If no down payment is considered (for simplicity), total markup cost over 5 years on 30 lac would be several lac, depending on amortization schedule.
Many offers require a down payment (e.g. 20-30%), so your financed amount may be less, reducing monthly instalments.

Eligibility & Key Terms

Here are typical eligibility requirements and terms to check before applying:

Requirement	Details
Nationality	Must be a Pakistani citizen with valid CNIC/SNIC
Vehicle type	New or locally manufactured vehicles qualify under this offer. Used may be excluded.
Minimum income	Bank will likely require proof of steady income and good credit history
Down payment	Usually a portion paid upfront (often ~20-30%)
Processing/other charges	May include processing fee, insurance, registration etc. Check with HBL branch
Prepayment options	Many banks allow early settlement; check if there is any penalty with HBL for this offer

Why This Deal is Attractive

Fixed, relatively low markup rate (9.99%) is more affordable compared to many other car finance offers which often have higher variable markup or rate + KIBOR spreads.
The inclusion of a vehicle tracker is an added benefit — helps with security and sometimes insurance discounts.
Priority delivery reduces waiting time for new cars, which can be significant in Pakistan due to supply chain issues.
Duration of 5 years is a good balance: manageable monthly payments without stretching into too long term where markup cost escalates significantly.

Things to Watch Out For

Down payment: If you pay 30%, that’s PKR 9 lac paid upfront on a 30 lac car — budget accordingly.
Other costs: Insurance, registration, and perhaps a tracker or any mandatory accessories may add to the upfront cost.
Loan-to-Value (LTV) ratio: If HBL finances only up to certain % of the car’s value (say 70–80%), you’ll need to make up the rest.
Fixed vs variable rates: This offer is fixed markup; ensure it remains fixed for full term, and confirm there are no hidden variable components.

FAQs

Q1: Can I get this offer for any car?
A: No. The fixed 9.99% offer is applicable only on new and locally manufactured vehicles.

Q2: What if I repay early? Is there a prepayment penalty?
A: You will need to check with HBL. Some car loan offers include prepayment options, but banks sometimes charge a small fee. The promotional press releases didn’t clearly state penalty terms for early settlement.

Q3: Can I apply via mobile / digital channels?
A: Yes, HBL is encouraging applications via the HBL Mobile App aside from visiting branches.

Q4: What happens after 31st October 2025?
A: The promotion may end or the terms might change. If you want this rate, applying before the expiry date is advisable. After that, markup rate may be higher or offer might not include same perks.

Q5: Will I need to submit income proof?
A: Yes. Like most banks, HBL will require documentation such as salary slips, bank statements, CNIC, proof of residence etc. to assess your eligibility.

Conclusion

If you are considering financing a car with an amount around PKR 30 lac over 5 years, HBL’s current promotional offer at 9.99% fixed markup is one of the more competitive deals in the market. With perks like priority delivery and inclusive vehicle tracker, it adds value beyond just low interest.

Before finalizing, make sure to calculate your exact monthly instalment after considering a likely down payment, verify all additional fees (processing, insurance, etc.), and confirm the eligibility criteria. If everything checks out, this could be a strong opportunity to drive home your dream car without overburdening your finances.