Pakistan's Free Loan Calculator

Calculate First. Borrow Smart.

See your real monthly payment for a home, car, bike or personal loan in Pakistan — free, no signup, built on real bank rates and current SBP rules.

🏦 11+ Banks Compared 📋 SBP Rules Applied 🕌 Islamic & Conventional 🔒 No Signup Required
Calculate My Loan → See All Calculators
Updated: 18 August 2026 SBP: 11.50% KIBOR: 12.10% Petrol: ₨331.20/L

Choose Your Calculator

Pick a loan type. Each calculator applies SBP rules automatically and shows your monthly payment in seconds.

🏠 Home Loan Calculator Islamic Musharakah & conventional — 11 banks, DBR check, full document checklist. Open Calculator → 🚗 Car Loan Calculator Any Pakistani car model — SBP down payment & tenure limits, True Cost of Ownership. Open Calculator → 🏍️ Bike Loan Calculator Honda, Yamaha, Suzuki & electric bikes — Islamic Ijarah and conventional options. Open Calculator → 💰 Personal Loan Calculator No collateral needed — automatic DBR check tells you before you apply. Open Calculator →

How It Works

Three steps, about two minutes, no account needed.

1

Pick your loan type

Home, car, bike or personal — each has its own calculator tuned to how that product actually works in Pakistan.

2

Enter your numbers

Price or amount, down payment, tenure and your income. Bank rates load automatically when you pick a bank.

3

See your real payment

Monthly EMI, DBR status, a full cost breakdown, and a side-by-side comparison across every bank we track.

Why LoanHissab

Built specifically for how borrowing works in Pakistan — not a generic EMI calculator.

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SBP Rules Applied Automatically

Down payment minimums, tenure caps, and DBR limits are built in — so you know if a bank is likely to approve before you apply.

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Islamic & Conventional, Side by Side

Compare Musharakah/Ijarah profit rates against conventional interest rates from the same banks in one place.

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Rates Kept Current

Bank rates, SBP policy, KIBOR and fuel prices are reviewed regularly — check the "Updated" badge on any calculator.

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No Signup, No Data Stored

Every calculation runs in your browser. Nothing you type into a calculator is sent to or stored on our servers.

Latest Guides

Practical explainers on documents, fees, and how to read your loan offer.

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See all guides →

Understanding Your Loan in Simple Terms

Everything you need to know before going to a bank

What is DBR?

DBR (Debt Burden Ratio) means: what percentage of your monthly salary goes to paying loans. SBP (State Bank of Pakistan) has set limits — if your DBR is too high, the bank must reject your application by law, no matter how good your salary is. For home loans, the limit is 50%. For car and personal loans, it is 40%.

Islamic vs. Conventional Banking

Islamic Banking (Meezan, DIB, Faysal etc.) does not charge "interest" (which is haram). Instead they use "profit" through shared ownership. For home loans this is called Diminishing Musharakah — the bank co-owns the house with you and you gradually buy out their share. For cars it is called Ijarah — the bank buys the car and rents it to you.

Conventional Banking (MCB, some HBL products etc.) charges interest directly. The monthly payment is very similar in practice, but the contract is different.

SBP Rules for Car Loans

  • Maximum loan per person: ₨30 lakh (₨3 million) across all banks combined
  • Small cars (≤1000cc) like Alto, Cultus: Minimum 15% down payment, maximum 5 years
  • Bigger cars (>1000cc) like City, Corolla: Minimum 30% down payment, maximum 3 years
  • Imported used cars older than 5 years cannot be financed

What is KIBOR?

KIBOR is the rate at which banks lend to each other. Most bank loan rates are calculated as KIBOR + the bank's margin. Currently the 1-Year KIBOR offer rate is 12.10% (SBP sheet dated 07 August 2026). If a bank charges "1Y KIBOR offer + 3%", that means your rate is about 15.10% right now. This rate can change every year if you have a variable-rate loan, and it moves whenever OGRA/SBP data changes — check the "Updated" badge above for the live figure.

Hidden Costs to Watch Out For

  • Processing fee: Usually 0.5%–2% of loan amount, paid once upfront
  • Insurance / Takaful: Required for car and home loans (about 2%–3% of value per year)
  • Registration tax (WHT): At car registration — non-filers pay double vs filers
  • Property valuation fee: For home loans — ₨15,000 to ₨30,000 (arranged by bank)

Common Questions

Answers in plain Urdu-friendly English

Which bank is cheapest for home loan in 2026?
Meezan Bank Easy Home is currently among the most competitive — around 12.65% profit rate fixed for the first 3 years. After 3 years it changes based on KIBOR. HBFC has government-subsidized schemes for low-income first-time buyers that can be even cheaper, starting near 10.75%. Always compare the total cost over the full loan period, not just the headline rate — see the live comparison table in the Home Loan Calculator.
Can a non-filer get a car loan?
Yes. But when you register the car, non-filers pay a higher Withholding Tax (WHT) — sometimes double the amount filers pay. For a ₨50 lakh car in Punjab, this can mean paying ₨50,000–₨100,000 extra at the time of registration. Filing your income tax return with FBR before applying is strongly recommended.
What does "ex-factory price" mean?
Ex-factory is the price before registration, freight, and taxes. The actual on-road price is higher — typically add ₨50,000–₨150,000 for local registration, freight charges, and WHT on top of ex-factory price.
How long does loan approval take?
Personal loans take 3–7 working days. Car loans take 7–14 working days (includes credit bureau check). Home loans take 4–8 weeks (property valuation, legal check and paperwork all take time). Having all your documents ready speeds this up.
Can I pay off my loan early?
Yes, most banks allow it. For conventional loans there's usually a 1%–4% early payment penalty on the remaining amount. For Islamic financing (Musharakah/Ijarah) the bank may charge a 5% premium. Always confirm this before signing any agreement.
How accurate is this calculator?
This calculator uses the standard EMI formula and indicative rates gathered from publicly available bank sources. It gives you a useful estimate for planning and comparison — not an exact figure. Your actual installment from the bank will depend on your credit score, salary, employer, and the bank's current offer at the time of application. Always get a written loan offer from the bank before making any financial decision.