Hyundai Elantra Installment Plan 2026

The entry Hyundai Elantra — the Hyundai Elantra 1.6 Special Edition — costs Rs 105,087 a month with Bank Alfalah: 54% down (Rs 3,482,460) and 36 months at 16.54%. The Hyundai Elantra Hybrid works out to Rs 102,924 a month, but only because it needs 73% down (Rs 7,855,530) — with the loan capped at Rs 3,000,000, pricier variants mostly raise the upfront payment, not the installment. Figures use each bank’s published rate on 2 October 2026 and the ex-factory price.

State Bank of Pakistan rules allow one person to borrow at most Rs 3,000,000 for a car, across all banks. Once the price is above Rs 4,285,714, a 30% down payment would leave more than Rs 3,000,000 to finance — so the minimum rises. On the Hyundai Elantra that means 54% for the Hyundai Elantra 1.6 Special Edition and up to 73% for the Hyundai Elantra Hybrid. Most comparison sites still quote 30% here, which no bank can approve.

The Hyundai Elantra is above 1000cc, so the State Bank caps car financing at 3 years. Ads that show five- or seven-year Elantra plans are out of date.

Over 3 years on the Hyundai Elantra 1.6 Special Edition, Meezan Car Ijarah comes to Rs 114,003 a month at a fixed 14.75% — and that rental already includes takaful and the tracker. Bank Alfalah Auto Loan is Rs 105,087 at 16.54% variable, before insurance, which you pay separately. A variable rate moves with KIBOR every year; Meezan’s does not.

Besides the down payment, budget for the bank’s processing fee, comprehensive insurance (included in Meezan’s rental), and registration — token tax, withholding tax and number plates. See the full Hyundai Elantra on-road price by province, and the monthly running cost for fuel and maintenance.