DIB Car Loan Calculator
Estimate your monthly car finance installment with Dubai Islamic Bank Pakistan.
This is an indicative estimate only. Profit rates change with KIBOR and SBP policy — confirm the current rate with Dubai Islamic Bank before applying. Excludes insurance/takaful and processing fees.
Dubai Islamic Bank Pakistan offers Shariah-compliant auto financing under Islamic structures — a choice for customers who want car finance without conventional interest. Pricing sits around 16.5% per annum equivalent (reducing balance). Our free DIB car loan calculator shows your monthly payment and total cost before you visit the branch.
How It Works
- Structure: Islamic auto finance (Shariah-board supervised).
- Rate basis: ~16.5% p.a. reducing-balance equivalent; editable for your quote.
- Tenure: 1–7 years; down payment commonly 20–30%.
- Takaful: comprehensive cover mandatory.
- Formula: EMI = P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1).
Example
Rs 6,000,000 car, 25% down, Rs 4,500,000 over 5 years at 16.5%: monthly ≈ Rs 110,600; lifetime ≈ Rs 6.64 million.
Frequently Asked Questions
What makes DIB’s product Islamic?
The contract structure (bank leases/sells under Shariah-compliant contracts with board oversight) rather than a conventional interest loan — monthly math is comparable.
Can expatriates apply?
Bank policies cover overseas Pakistanis in many cases — check the current Roshan Digital Account/auto-finance linkage with the bank.
What does the bank require?
CNIC, income proof, bank statements — standard auto-finance documentation.
Also see the BankIslami car loan calculator and Bank of Punjab car loan calculator. More in Finance calculators and the Loans hub.