How to Use This Car Loan Calculator in Pakistan

This car loan calculator is designed to help you easily estimate your monthly installment, total markup, and overall financing cost for both Islamic and conventional car loans in Pakistan. Follow the steps below:

1. Enter the Car Price (PKR)

Type the total price of the vehicle you want to purchase.
Example: 3,500,000 PKR

2. Add Your Down Payment

Enter how much you plan to pay upfront.
The calculator will automatically subtract this from the car price to show your Financing Amount.

3. Enter the Processing Fee

If your bank charges a processing fee (many banks do), enter the amount here.
You can leave it blank if your bank has no fee.

4. Select the Loan Tenure

Choose the loan duration:

• Enter the number (e.g., 5)
• Select whether it is in Years or Months

5. Enter the Annual Markup / Interest Rate

Write the yearly markup rate charged by the bank.
Example: 12%

6. Choose Loan Type

Select one option:

• Conventional (Interest-Based)
• Islamic (Profit-Based)

This helps categorize your calculation style.

7. Select Payment Frequency

Choose how you want to pay:

• Monthly (most common)
• Quarterly
• Yearly

8. Click the “Calculate” Button

The calculator will instantly show:

• Installment Amount
• Total Payment (including fees)
• Total Markup Paid
• Financing Amount & Fee Summary

9. View the Amortization Schedule (Optional)

Click “Show Amortization Summary” to see:

• Breakdown of principal & interest
• Remaining balance after each payment
• First few periods of your schedule

10. Use the Reset Button

Press “Reset” to clear the form and start a fresh calculation.