A Faysal Bank car calculator estimates your monthly installment from the car price, your down payment, the bank’s rate and the tenure. Enter those four values above and you get the installment, the total you will pay and the total profit. Faysal Bank offers car finance as Faysal Islami Car Finance, which it describes as Shariah-compliant, so the bank calls the monthly amount a rental rather than loan interest.

How to use the calculator

1. Enter the car price in rupees. Use the on-road price if the bank finances it. [CHECK: which price components Faysal finances]
2. Enter your down payment as a percentage. The tool shows it in rupees too.
3. Enter the annual rate the bank quotes you. [CHECK: current Faysal Islami Car Finance rate]
4. Pick a tenure from the list, or choose custom months.
5. Press Calculate installment.

The result shows your monthly installment first. Below it you see the amount financed, the total of all installments, the profit paid to the bank and the full cost including your down payment.

How it works

The calculator uses the standard reducing-balance formula. Each month you pay the same amount. Early installments carry more profit. Later ones repay more of the principal.

In plain words:

• Financed amount = car price minus down payment.
• Monthly rate = annual rate divided by 12, then divided by 100.
• Installment = financed amount × monthly rate, divided by (1 minus (1 + monthly rate) raised to the power of minus the number of months).
• If the rate is zero, the installment is the financed amount divided by the number of months.

Islamic car finance is not a loan with interest. Faysal’s own page says the customer’s ownership grows with every installment paid. The bank sets the rental using its own method. [CHECK: how Faysal calculates rental, for example a benchmark plus a spread] This tool uses a standard formula, so it gives an estimate. Your offer letter is the final figure.

Worked example

Say you want a car priced at Rs 4,000,000. You pay 30 percent down. The rate is 12 percent a year over 60 months. These numbers are for illustration only. They are not a Faysal Bank offer.

• Down payment: 30% of 4,000,000 = Rs 1,200,000.
• Amount financed: Rs 2,800,000.
• Monthly rate: 12 ÷ 12 ÷ 100 = 0.01.
• Installment: 2,800,000 × 0.01 ÷ (1 − 1.01⁻⁶⁰) ≈ Rs 62,284.
• Total of 60 installments: about Rs 3,737,066.
• Total profit: about Rs 937,066.
• Total cost with down payment: about Rs 4,937,066.

So a Rs 4 million car costs nearly Rs 4.94 million over five years at that rate.

Reference table

The table shows the monthly installment per Rs 1,000,000 financed at a 12 percent annual rate. It is an illustration of the formula, not a Faysal Bank rate.

Tenure	Monthly installment (approx.)	Total profit (approx.)
1 year	Rs 88,849	Rs 66,185
3 years	Rs 33,214	Rs 195,716
5 years	Rs 22,244	Rs 334,666

Longer tenure lowers the monthly amount. It also raises the total profit you pay.

Facts from the bank’s pages

Item	What the page says
Type of finance	Shariah-compliant vehicle finance
Vehicle age	Up to 9 years old can be financed [CHECK: exact age rule]
Processing fee	None until financing approval [CHECK: fee after approval]
Rate	[CHECK: current rental rate]
Minimum down payment	[CHECK: current minimum]
Maximum tenure	[CHECK: current maximum]

Tips and common mistakes

• Using an old rate. Bank rates move. Always ask for the current quote.
• Forgetting extra costs. Insurance or takaful, tracker, registration and other charges are not in the result. [CHECK: Faysal’s current charges]
• Looking only at the installment. A longer tenure feels cheaper each month but costs more overall.
• Stretching the budget. Keep the installment well within your monthly income after other bills.
• Skipping a bigger down payment. Each extra rupee paid upfront reduces the financed amount and the profit.
• Comparing only one bank. Try the same numbers on other banks. See the HBL car loan calculator, the UBL Islamic car finance calculator or the Bank Islami car loan calculator.

This page is for information only. It is not financial advice or an offer. Read our disclaimer and confirm all terms with Faysal Bank before you apply.

FAQ

Is Faysal Bank car finance Islamic?

Faysal Bank offers car finance as Faysal Islami Car Finance, which it describes as Shariah-compliant. It is not a conventional interest loan. The calculator uses a rate figure only to estimate the monthly rental.

Can I finance a used car with Faysal Bank?

The bank’s page says vehicles up to 9 years old can be financed. [CHECK: current age limit, whether it counts at application or at end of tenure, and which vehicles qualify]

What rate should I enter in the calculator?

Enter the current rate quoted by Faysal Bank for your vehicle and tenure. [CHECK: current Faysal Islami Car Finance rental rate] Rates can change, so confirm with the bank before you decide.

Does the calculator include insurance, tracker and processing charges?

No. It covers only the financed amount, rate and tenure. Takaful or insurance, tracker, registration and other fees are extra. [CHECK: current fee schedule]

Why is my bank quote different from the calculator result?

Banks may calculate rental differently, round figures, or add charges. The calculator uses a standard reducing-balance formula, so treat the result as an estimate. The bank’s offer letter is the final figure.