UBL Drive Honda City 2025 All Variants Installment plan
United Bank Limited (UBL) offers the “UBL Drive” auto financing program, providing flexible financing solutions for all models of the Honda City. Key features of this program include:
- Financing Tenure: 1 to 5 years for vehicles up to 1000cc; 1 to 3 years for vehicles above 1000cc. citeturn0search0
- Financing Limit: Up to 70% of the car’s value.
- Markup Rates: Both fixed and floating rates are available. Floating rates are linked to the Karachi Inter Bank Offer Rate (KIBOR). For existing customers, the floating rate is 1-year KIBOR + 4.25% for 1-3 years and 1-year KIBOR + 4.75% for 4-5 years. For new customers, it’s 1-year KIBOR + 4.75% for 1-3 years and 1-year KIBOR + 5.25% for 4-5 years. citeturn0search0
- Down Payment: Minimum of 20% of the car’s value. citeturn0search0
- Maximum Loan Amount: Up to PKR 5,000,000 per vehicle. citeturn0search3
- Additional Benefits: Complimentary tracker installation. For Honda Civic and City models, the first oil and filter change is free. Honda City Aspire customers receive free fuel vouchers. citeturn0search3
Eligibility Criteria:
- Salaried Individuals: Pakistani nationals aged between 21 and 60 years with a minimum gross salary of PKR 35,000. citeturn0search0
- Self-Employed Professionals: Pakistani nationals aged between 21 and 70 years with a minimum gross income of PKR 50,000. citeturn0search0
Required Documents:
- Salaried Individuals:
- Copy of CNIC and two recent passport-size photographs.
- Current verified salary certificate stating designation, length of service, and salary breakup.
- Original pay slip or a copy verified by the bank officer.
- Six months’ bank statements reflecting salary credits. citeturn0search0
- Self-Employed Professionals:
- Copy of CNIC and two recent passport-size photographs.
- Twelve months’ business bank statements.
- Tax returns/NTN, bank certificate, or any related proof of business.
- Copy of Memorandum of Association, audited financial statements (in case of Pvt Ltd), and Articles of Association. citeturn0search0
For detailed information and to calculate your specific installment plan, please visit the UBL Drive official webpage or contact your nearest UBL branch.
