Car installment · Toyota
Toyota Corolla installment per month for every variant, from Pakistani banks — with the State Bank’s limits already applied.
Entry plan (Altis X Manual 1.6): Rs 105,866 a month for 36 months with 51% down, through Bank Alfalah at 16.54%.
Entry installment
Rs 105,866/mo
51% down · 36 months · Bank Alfalah
Installment calculator
Pick a variant, bank, tenure and down payment. Figures update instantly from each bank’s published rate.
1Variant
2Bank
3Tenure
Up to 3 years for this carSBP limits cars above 1000cc to 3 years.
4Down payment
51% · Rs 3,110,490The 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.
Toyota Corolla Altis X Manual 1.6 · 3 years · 51% down (or each bank’s minimum)
| Bank | Rate | Monthly | Upfront | Total markup / profit | |
|---|---|---|---|---|---|
 Car Ijarah | 14.75%fixed | Rs 108,131 | Rs 3,358,250 | Rs 1,148,166 | |
 Auto LoanLowest | 16.54%variable | Rs 105,866 | Rs 3,110,490 | Rs 822,666 | Selected |
 UBL DriveLowest | 16.54%variable | Rs 105,866 | Rs 3,110,490 | Rs 822,666 | |
 Apni CarLowest | 16.54%variable | Rs 105,866 | Rs 3,110,490 | Rs 822,666 |
Meezan’s rental already includes takaful and tracker; conventional banks charge insurance separately at their panel rates.
By variant
Minimum down payments above 30% come from the SBP limit of Rs 3,000,000 per borrower.
| Variant | Ex-factory price | Minimum down | Longest tenure | Monthly at min. down |
|---|---|---|---|---|
| Altis X Manual 1.6 | Rs 6,099,000 | 51%Rs 3,110,490 | 3 years | Rs 105,866Bank Alfalah · 36 mo · 51% down |
| Altis 1.6 X CVT-i | Rs 6,699,000 | 56%Rs 3,751,440 | 3 years | Rs 104,415Bank Alfalah · 36 mo · 56% down |
| Altis X CVT-i 1.8 | Rs 7,029,000 | 58%Rs 4,076,820 | 3 years | Rs 104,579Bank Alfalah · 36 mo · 58% down |
| Altis 1.6 X CVT-i Special Edition | Rs 7,339,000 | 60%Rs 4,403,400 | 3 years | Rs 103,991Bank Alfalah · 36 mo · 60% down |
| Altis Grande X CVT-i 1.8 Beige Interior | Rs 7,669,000 | 61%Rs 4,678,090 | 3 years | Rs 105,951Bank Alfalah · 36 mo · 61% down |
| Altis Grande X CVT-i 1.8 Black Interior | Rs 7,709,000 | 62%Rs 4,779,580 | 3 years | Rs 103,772Bank Alfalah · 36 mo · 62% down |
Before you apply
Most a bank can lend
Rs 3,000,000
Per person, across all banks combined — State Bank of Pakistan rule.
Minimum down on the Corolla
51%
Above the usual 30% because of the lending limit.
Longest tenure
3 years
SBP caps cars above 1000cc at 3 years (Meezan offers 5 on local EVs).
Income you’ll need
Rs 265,000+
Loan payments must stay under 40% of take-home pay.
Buyer’s guide
The entry Toyota Corolla — the Toyota Corolla Altis X Manual 1.6 — costs Rs 105,866 a month with Bank Alfalah: 51% down (Rs 3,110,490) and 36 months at 16.54%. The Toyota Corolla Altis Grande X CVT-i 1.8 Black Interior works out to Rs 103,772 a month, but only because it needs 62% down (Rs 4,779,580) — 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 Toyota Corolla that means 51% for the Toyota Corolla Altis X Manual 1.6 and up to 62% for the Toyota Corolla Altis Grande X CVT-i 1.8 Black Interior. Most comparison sites still quote 30% here, which no bank can approve.
The Toyota Corolla is above 1000cc, so the State Bank caps car financing at 3 years. Ads that show five- or seven-year Corolla plans are out of date.
Over 3 years on the Toyota Corolla Altis X Manual 1.6, Meezan Car Ijarah comes to Rs 108,131 a month at a fixed 14.75% — and that rental already includes takaful and the tracker. Bank Alfalah Auto Loan is Rs 105,866 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 Toyota Corolla on-road price by province, and the monthly running cost for fuel and maintenance.
FAQ
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.