What is the MCB Car4U rate today?

17.04% (KIBOR + 4.50%) for a 3-year plan, based on 1-year KIBOR of 12.54% on 1 October 2026.

How much can I borrow with MCB Car4U?

Up to Rs 3,000,000, the SBP per-person limit.

For how long can MCB Car4U finance a car?

1 to 5 years for cars up to 1000cc, and up to 3 years for cars above 1000cc (SBP).

Which car has the lowest MCB installment?

The Suzuki Every (Suzuki Every VXR) at Rs 51,630 a month for 60 months with 30% down.

Does MCB Car4U finance imported cars?

No. SBP rules bar bank financing for new and used imported vehicles; only locally assembled cars are eligible.

Car finance · MCB

MCB Car Loan Calculator 2026

Today’s MCB car-financing rate, its terms, and the monthly installment for every locally assembled car.

MCB Car4U is a conventional car loan: markup is charged on the reducing balance and insurance is paid separately to the bank’s panel insurer.

Checked 24 October 2026
Conventional
40 cars

3-year rate today

17.04%

1-year KIBOR + 4.50%

Calculate

Rate type: Variable; KIBOR 12.54% + spread
Tenure: 1–5 years; 3 years above 1000cc
Financing: Up to Rs 3,000,000; SBP limit
Lowest installment: Rs 51,630; Suzuki Every

Variable 1-year KIBOR + 4.5% (KIBOR + 4% for MCB account holders), 1 to 5 years
Up to 70% financing for new and used locally manufactured cars
Residual-value option: up to 50% of the loan as a lump sum at the end
Prepayment fee up to 8% (year 1), 6% (year 2), 3.5% after
Minimum net income PKR 40,000 a month; age 21 to 65 (70 self-employed) at maturity

Installment calculator

MCB installment calculator

Choose a car, tenure and down payment. SBP limits are applied automatically.

1Choose a car
2Variant
3Tenure
Up to 3 years for this car
SBP limits cars above 1000cc to 3 years.
4Down payment
51% · Rs 3,110,490
Min 51%90%
The minimum is 51%, not 30%. Banks can lend at most Rs 3,000,000 per person (SBP), so the rest of the Rs 6,099,000 price is paid upfront.

51% down · 36 months · MCBRs 106,608/ monthBreakdown

Every eligible car

MCB monthly installment by car

Entry variant at its minimum down payment and the longest tenure allowed, cheapest first.

Show all 40 cars

Car	Entry price	Down payment	Tenure	Monthly
Suzuki EveryVXR	Rs 2,965,200	30%Rs 889,560	60 months	Rs 51,630
Suzuki AltoVXR Upgraded	Rs 2,994,861	30%Rs 898,458	60 months	Rs 52,146
Suzuki CultusVXR	Rs 4,089,490	30%Rs 1,226,847	60 months	Rs 71,206
Changan KarvaanPower Comfort	Rs 3,149,000	30%Rs 944,700	36 months	Rs 78,633
Chery Tiggo 9Premium PHEV AWD	Rs 14,299,000	80%Rs 11,439,200	36 months	Rs 102,017
Tank 500HEV	Rs 20,500,000	86%Rs 17,630,000	36 months	Rs 102,380
Hyundai Santa FeSmart	Rs 13,258,000	78%Rs 10,341,240	36 months	Rs 104,049
Jetour DashingDeluxe	Rs 7,899,000	63%Rs 4,976,370	36 months	Rs 104,258
Kia Sportage LFWD HEV	Rs 12,199,000	76%Rs 9,271,240	36 months	Rs 104,441
Hyundai TucsonHybrid Smart	Rs 12,202,000	76%Rs 9,273,520	36 months	Rs 104,467
Changan Alsvin1.3L MT Comfort	Rs 4,189,000	30%Rs 1,256,700	36 months	Rs 104,603
Jaecoo J7Premium	Rs 10,499,000	72%Rs 7,559,280	36 months	Rs 104,868
Deepal L07EV	Rs 13,999,000	79%Rs 11,059,210	36 months	Rs 104,870
Jetour T2i-DM	Rs 12,795,000	77%Rs 9,852,150	36 months	Rs 104,979
Honda HR-VVTi	Rs 7,549,000	61%Rs 4,604,890	36 months	Rs 105,024
Chery Tiggo 7Premium PHEV FWD	Rs 9,499,000	69%Rs 6,554,310	36 months	Rs 105,045
MG HSHybrid+	Rs 9,499,000	69%Rs 6,554,310	36 months	Rs 105,045
Haval H61.5-T	Rs 8,923,986	67%Rs 5,979,071	36 months	Rs 105,053
Jaecoo J5Comfort	Rs 6,699,000	56%Rs 3,751,440	36 months	Rs 105,147
Honda BR-Vi-VTEC S	Rs 6,429,000	54%Rs 3,471,660	36 months	Rs 105,496
Peugeot 2008Active	Rs 5,799,000	49%Rs 2,841,510	36 months	Rs 105,501
Toyota HiluxE	Rs 11,379,000	74%Rs 8,420,460	36 months	Rs 105,539
Haval Jolion1.5-T	Rs 7,796,104	62%Rs 4,833,584	36 months	Rs 105,681
Changan Oshan X7Comfort	Rs 8,474,000	65%Rs 5,508,100	36 months	Rs 105,801
Toyota Corolla Cross1.8	Rs 7,235,000	59%Rs 4,268,650	36 months	Rs 105,818
Hyundai Elantra1.6 Special Edition	Rs 6,449,000	54%Rs 3,482,460	36 months	Rs 105,824
MG ZSVibe	Rs 6,599,000	55%Rs 3,629,450	36 months	Rs 105,932
Honda CivicStandard	Rs 8,499,000	65%Rs 5,524,350	36 months	Rs 106,114
Toyota YarisGLI MT 1.3	Rs 4,649,000	36%Rs 1,673,640	36 months	Rs 106,139
Honda City1.2L CVT	Rs 4,737,000	37%Rs 1,752,690	36 months	Rs 106,458
Toyota Fortuner2.7 G	Rs 12,435,000	76%Rs 9,450,600	36 months	Rs 106,461
Jetour X70 PlusDeluxe	Rs 8,299,000	64%Rs 5,311,360	36 months	Rs 106,577
Suzuki SwiftGL Manual	Rs 4,460,160	33%Rs 1,471,853	36 months	Rs 106,601
Toyota CorollaAltis X Manual 1.6	Rs 6,099,000	51%Rs 3,110,490	36 months	Rs 106,608
Chery Tiggo 8Premium PHEV 4WD	Rs 11,499,000	74%Rs 8,509,260	36 months	Rs 106,652
Hyundai Sonata2.0	Rs 10,330,000	71%Rs 7,334,300	36 months	Rs 106,865
Isuzu D-MaxHi-Spark S/C M/T	Rs 8,100,000	63%Rs 5,103,000	36 months	Rs 106,911
Kia StonicEX+	Rs 5,999,000	50%Rs 2,999,500	36 months	Rs 107,000
Deepal S05REEV Premium	Rs 9,999,000	70%Rs 6,999,300	36 months	Rs 107,007
Deepal S07EV	Rs 14,999,000	80%Rs 11,999,200	36 months	Rs 107,011

Terms

MCB Car4U at a glance

Rate today (3 years)
17.04%
1-year KIBOR + 4.50%
Tenure
1–5 years
Cars above 1000cc: 3 years maximum (SBP).
Financing limit
Rs 3,000,000
Per person across all banks (SBP).
Processing fee
Rs 12,000
PKR 12,000, collected with the down payment

Guide

How MCB Car4U works

MCB prices the loan at 1-year KIBOR plus a spread: 4.50% up to 5 years. With KIBOR at 12.54%, that is 17.04%. The rate resets when KIBOR moves, so the installment can change over the loan. Other published options: MCB account holders (floating) KIBOR + 4.00%.

MCB follows the State Bank rules: at least 30% down, and no more than Rs 3,000,000 financed per person across all banks. On any car above Rs 4,285,714 the minimum down payment rises — the table above shows the exact figure for each car.

Processing: PKR 12,000, collected with the down payment. Expect to provide your CNIC, six months of bank statements and salary or business proof. Ask for the key fact statement before signing — it shows the APR, insurance and early-settlement charges. Figures here use MCB's standard rate for non-MCB account holders; MCB account holders pay 0.5% less.

FAQ

MCB Car4U questions

Rates checked 2 October 2026 from the State Bank of Pakistan and each bank’s own website · 5 official sources

1-year KIBOR 12.54% (1 October 2026). Figures are indicative — the bank confirms the final rate, insurance and fees in its key fact statement. Prices are ex-factory; banks finance the invoice price, which may include freight. Bank names and logos belong to their owners and are shown only to identify each bank; Watan Motors is not affiliated with any bank.