How to Get Car Loan in Pakistan with Low Salary (2026 Guide)

Easy Strategies, Required Documents, Best Banks, and Approval Tips

Buying a car in Pakistan has become a necessity—but with rising prices, most people rely on car financing. The good news? Even if you have a low salary, you can still get a car loan in Pakistan by choosing the right bank, program, and strategy.

This guide explains how low-income earners (25k–60k salary) can get a car loan in 2026.

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1. Can You Get a Car Loan on a Low Salary in Pakistan?

Yes, absolutely!
Banks in Pakistan provide car loans based on:

• Monthly income (minimum PKR 25,000–40,000 depending on bank)

• Employer and job stability

• Banking history

• Down payment availability

If your salary is low, banks still approve your loan if you:

• Choose a small or used car

• Increase down payment

• Apply through Islamic auto finance

• Show additional income source (optional)

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2. Minimum Salary Requirement for Car Loan in Pakistan (2026)

Bank / Service	Minimum Salary (Salaried)	Minimum Salary (Self-Employed)
HBL CarLoan	30,000 PKR	40,000 PKR
UBL Auto Loan	30,000 PKR	50,000 PKR
Meezan Car Ijarah	25,000 PKR	40,000 PKR
Bank Alfalah Auto Loan	35,000 PKR	50,000 PKR
MCB Apni Car	30,000 PKR	45,000 PKR
Faysal Auto Finance	35,000 PKR	50,000 PKR

Best option for low salary:
👉 Meezan Bank Car Ijarah (lowest income requirement)

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3. Required Documents for a Low-Salary Car Loan

For Salaried Individuals

• CNIC

• 2 passport-size photos

• Last 3–6 months salary slips

• Employer’s letter

• Bank statement (6–12 months)

For Self-Employed / Business Owners

• CNIC

• Business proof

• Tax returns (optional but strong point)

• Bank statement (12 months)

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4. Best Car Options for Low Income in Pakistan (2026)

Lower salary = choose economical, low-maintenance models.

New Cars

• Suzuki Alto

• Suzuki Cultus

• United Bravo

• Prince Pearl

Used Cars (Best for financing approval)

• Mehran

• Alto (old models)

• Cultus (old models)

• Vitz

• Wagon R

Banks approve used cars more easily because:

✔ Lower vehicle price
✔ Lower monthly installment
✔ Lower risk

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5. How to Increase Chances of Loan Approval on Low Salary

1. Increase Down Payment (30%–50%)

Banks trust you more when you invest more upfront.

2. Apply for Longer Tenure (5–7 years)

This reduces your monthly installment amount, making it easier to qualify.

3. Show Additional Income

If you have:

• Freelancing income

• Rental income

• Home-based work

• Online store

Show it in the bank statement; it increases approval chances by 60%.

4. Get a Joint Account / Co-Borrower

If a family member with a higher salary co-signs your application, approval becomes very easy.

5. Maintain a Clean Bank Statement

Avoid:

• Overdraft

• Heavy random transactions

• Low balance accounts

Banks prefer stable banking behavior.

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6. Down Payment and Monthly Installments for Low Salary (Estimates)

Example: Suzuki Alto (Price 22–24 Lakh)

Down Payment	Loan Amount	Installment (5 years)
20% (4.4 Lakh)	18 Lakh	42,000–46,000
30% (7 Lakh)	15 Lakh	35,000–39,000
40% (9 Lakh)	13 Lakh	30,000–33,000

Tip: If your salary is 30k–45k, choose used Alto or Cultus for installment under 25,000–30,000.

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7. Best Banks for Low Salary Car Loan in Pakistan (2026)

1. Meezan Bank Car Ijarah (Best Overall)

• Islamic financing

• Low salary requirement

• Flexible plans

• Lower installment options

2. UBL Auto Loan

• Easy processing

• Good for used cars

• Lower insurance cost

3. Bank Alfalah Auto Loan

• Quick approval

• Maximum financing options

• Low markup for salaried customers

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8. Benefits of Car Financing for Low-Income People

• You get a vehicle without paying full price

• Easy to afford monthly payments

• Good for job holders & travelers

• Saves time and transport cost

• Builds your credit profile

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9. Common Reasons Your Loan May Get Rejected

❌ Low salary (below bank requirement)
❌ Weak bank statement
❌ Frequent cash deposits
❌ No job history (less than 6 months)
❌ No NTN (self-employed)
❌ Too many liabilities

Solution: Improve statement, increase down payment, or apply through Meezan Bank.

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Conclusion

Getting a car loan in Pakistan with a low salary is 100% possible in 2026 — you just need to choose the right bank, maintain a strong bank statement, and apply strategically.

If you select a small or used car and provide a reasonable down payment, your chances of approval increase significantly.