BankIslami AutoFinance & Bike Finance
How BankIslami's Shariah-compliant vehicle financing works, and what it actually costs, per the official Schedule of Charges.
- Diminishing Musharakah
- Rs.5,000 Processing Fee
- Bike Finance Available
BankIslami's AutoFinance is structured as a Diminishing Musharakah under Shirkat-ul-Milk, or joint ownership: the bank and the customer own the vehicle together from day one, and the customer buys out the bank's units over the financing tenure rather than repaying an interest-bearing loan.
AutoFinance Charges (Jul–Dec 2026)
| Item | Charge |
|---|---|
| Processing fee (new or old vehicle, up to Rs. 50M) | Rs. 5,000 per applicant |
| Valuation (new vehicle) | Not required |
| Valuation (old/imported vehicle) | At actual |
| Change of vehicle after disbursement | Up to Rs. 1,500 flat |
| Additional Musharakah unit price on early purchase | Up to 8% |
| NOC revalidation | Up to Rs. 1,500 |
Repossession Charges (if applicable)
| Location | Up to 2000cc | Above 2000cc |
|---|---|---|
| Within city limits | Rs. 40,000 | Rs. 55,000 |
| Out of city (within province) | Rs. 45,000 | Rs. 60,000 |
| Out of province | Rs. 50,000 | Rs. 65,000 |
Non-recoverable/skipped heavy vehicles above 2000cc range Rs. 50,000–150,000 case by case. All figures from BankIslami's official Schedule of Bank Charges, 1st July to 31st December 2026.
Bike Finance (Separate Product)
A standalone Bike Finance facility uses the same structure as AutoFinance, priced separately and aimed at motorcycles rather than cars.
- Processing Fee
- Rs. 2,000
- Early Purchase (0–12mo)
- +8% on outstanding units
- Early Purchase (13–24mo)
- +6% on outstanding units
- Early Purchase (24mo+)
- No additional charge
Working women get preferential AutoFinance terms under BankIslami's Mashal program: reduced rental rates, a 75% cut on the processing fee, and a 50% cut on the additional purchase price for early termination. See the Mashal Women Banking page for the full list.
AutoFinance & Bike Finance Calculator
BankIslami's rental rate under AutoFinance is quoted individually per applicant. Enter the vehicle price, your down payment, tenure, and the rate quoted to you (or one you're comparing against) to estimate the monthly payment under the Diminishing Musharakah structure — for either a car or a bike. This is an illustrative estimate only — not an official BankIslami quotation.
Illustrative estimate only — not an official BankIslami quotation. Models a simple declining-balance profit spread evenly across the tenure on the bank's financed share; actual AutoFinance/Bike Finance pricing and approval terms are set by BankIslami and may differ. Processing fee per BankIslami's official Schedule of Bank Charges, 1st July to 31st December 2026; Takaful, valuation, and other charges are not included in the totals above.
Frequently Asked Questions
How does Islami Bank car finance work?
BankIslami's AutoFinance is structured as a Diminishing Musharakah under Shirkat-ul-Milk: the bank and customer jointly own the vehicle from day one, and the customer buys out the bank's units over the financing tenure instead of repaying an interest-bearing loan.
What is the processing fee for BankIslami AutoFinance?
Rs. 5,000 per applicant for a new or old vehicle up to Rs. 50 million, per BankIslami's July–December 2026 Schedule of Charges.
Does BankIslami offer bike financing too?
Yes, a standalone Bike Finance facility uses the same Diminishing Musharakah structure as AutoFinance, priced separately with a Rs. 2,000 processing fee.
What does early payoff of AutoFinance cost?
Buying out the remaining Musharakah units early costs up to an additional 8% on the outstanding units, per the current Schedule of Charges.
Is there an Islami bank car finance calculator on this page?
Yes. This page includes a free AutoFinance calculator that models the Diminishing Musharakah structure for both car and bike financing: enter the vehicle price, down payment, tenure, and the rate quoted to you to estimate the monthly payment and total cost.
Good For
- Budgeting the real processing fee before applying
- Understanding early-payoff costs under Diminishing Musharakah
- Comparing car vs. bike financing costs at BankIslami
- Checking whether Mashal's discounted rates for working women apply to you
More on BankIslami
Bank Overview
History, leadership, ownership, and key facts.
Account Opening & Rates
Deposit accounts, profit rates, and Gen Z Account.
Mashal Women Banking
Accounts and discounted financing for women.
Priority Banking
Eligibility and fee waivers for relationship customers.
Safe Deposit Lockers
Locker sizes, rent, and Takaful coverage.
Humsafar Travel Now, Pay Later
BankIslami's travel BNPL product.
Related Banks
For independent verification, see State Bank of Pakistan, Pakistan Stock Exchange, SECP.