If you are a Pakistani living abroad, you know the feeling. Your family back home needs a car. Maybe your parents are getting older and cannot use public transport anymore. Maybe your wife has to drop the kids to school every morning. Maybe your brother just got a new job and needs reliable wheels.
But buying a car in Pakistan is not always easy. The prices are high. The bank loans are expensive. And even if you get a loan approved, you wait months for delivery.
Now, the State Bank of Pakistan has launched a new scheme to solve exactly this problem. It is called “Roshan Apni Car.” And it is designed specifically for overseas Pakistanis who hold a Roshan Digital Account (RDA).
In this article, I will explain everything you need to know about this scheme. I will tell you how it works, what the interest rates are, how fast you can get the car, and why this might be the best option for your family back home.
Let us dive in.
What Is the Roshan Apni Car Scheme?
The State Bank of Pakistan (SBP) launched the Roshan Apni Car scheme in partnership with several private banks. The goal is simple: to make car financing easy, affordable, and fast for non‑resident Pakistanis (NRPs) who already have a Roshan Digital Account.
You can use this scheme to buy a car for your family members living in Pakistan. You do not need to be in Pakistan yourself. Everything happens online. You apply through your bank’s digital portal. No paperwork. No visits to a branch.
And the best part? You get the car delivered up to 50% faster than normal market timelines.
Why Did SBP Create This Scheme?
Before this scheme, overseas Pakistanis faced many problems when trying to buy a car for their families.
First, if you wanted to take a car loan from a Pakistani bank, the interest rates were very high. Sometimes 20% or more. That made monthly payments difficult.
Second, the application process was slow and full of paperwork. You had to send documents by courier. You had to get attestations. Sometimes the bank asked for things that were hard to arrange from abroad.
Third, even after loan approval, the delivery time for popular cars like the Toyota Corolla or Honda Civic was extremely long. People waited six months, eight months, sometimes a full year.
The State Bank saw these problems. They wanted to help the Pakistani diaspora – people who send billions of dollars in remittances every year. The Roshan Apni Car scheme is one more way to make life easier for overseas Pakistanis.
Who Is Eligible for This Scheme?
The scheme is open to non‑resident Pakistanis who have a Roshan Digital Account (RDA) with any participating bank.
What is a Roshan Digital Account? It is a special bank account that the SBP created a few years ago for Pakistanis living abroad. You can open it online from anywhere in the world. You can hold money in rupees or foreign currency. You can invest in Naya Pakistan Certificates, buy property, and now – get car financing.
If you already have an RDA, you are eligible. If you do not have one, you can open it online in a few days. Then you can apply for Roshan Apni Car.
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How Many Cars Can You Buy?
Under this scheme, eligible RDA holders can finance up to three cars. Yes, three.
Maybe you want one car for your parents, one for your wife, and one for your brother. Or maybe you want to buy one car now and another after a few years. The scheme allows you to do that, depending on your eligibility and bank approval.
This is very useful for overseas Pakistanis who have large families or who want to help multiple relatives.
What Are the Financing Options?
The scheme gives you two main choices: floating rate and fixed rate. Both are available in conventional and Sharia‑compliant (Islamic) modes.
Let me explain each one in simple words.
Floating Rate
With a floating rate, the interest rate changes over time. It goes up or down based on market benchmarks. The bank will revise your rate periodically – usually every six months or every year.
Floating rates are further divided into two types:
1. Lien‑Based Floating Rate
In this option, you use your own money as security. You allow the bank to put a “lien” (a kind of hold) on your RDA deposits or your Naya Pakistan Certificates. Because the bank has this security, they give you a very low interest rate.
The rate is calculated as SBP Floor Rate + 1%.
The SBP Floor Rate is the minimum rate set by the State Bank. You can check it on the SBP website. Usually, it is much lower than normal market rates.
This is the cheapest way to get a car loan. But you need to have enough savings in your RDA or Naya Pakistan Certificates to cover the lien.
2. Non‑Lien Based Floating Rate
If you do not want to use your own savings as security, you can choose this option. The bank will not put a lien on your RDA. Instead, they will give you a loan based on the market rate.
The rate is calculated as 6‑month KIBOR + 1%.
KIBOR stands for Karachi Interbank Offer Rate. It is the rate at which banks lend money to each other. It changes daily. The bank will add 1% to that.
This option is still cheaper than what normal Pakistani customers get, but slightly more expensive than the lien‑based option.
Fixed Rate
Some people do not like floating rates. They want to know exactly how much they will pay every month, without any surprises.
For those people, the fixed rate option is perfect.
With a fixed rate, your interest rate stays the same for the whole loan period. It does not matter if market rates go up or down. Your monthly payment remains fixed.
The fixed rate is calculated based on the bank’s Cost of Deposits (COD) or the PKRV rate (Pakistan Revaluation Rate). Then the bank adds a small margin – usually 1% for lien‑based fixed rate, or 1.5% for non‑lien fixed rate.
Once the bank offers you a rate, it will not change until you have fully paid off the loan.
What Are the Actual Interest Rates?
Because the exact numbers change over time, I cannot give you a fixed number here. But I can tell you that the rates offered under Roshan Apni Car are significantly lower than what ordinary Pakistani car buyers get.
For example, in mid‑2026, the SBP Floor Rate was around 12%. So a lien‑based floating loan would be about 13%. The normal car loan for a local customer might be 18% to 22%.
That is a huge difference. It saves you thousands of dollars in interest over the life of the loan.
To get the latest rates, you should visit the website of your RDA bank. Each bank publishes its current rates for Roshan Apni Car.
How Long Can You Take to Repay?
The repayment period (called “tenor”) is flexible. You can choose anywhere from two years to seven years.
A shorter loan means higher monthly payments but less total interest. A longer loan means lower monthly payments but more interest over time.
Think about your cash flow. If you want to keep monthly payments small, choose seven years. If you want to pay off the loan quickly and save on interest, choose two or three years.
You can decide when you apply.
What About Insurance?
The scheme also offers very affordable car insurance. You can get insurance starting as low as 1.4% of the car’s value per year.
You can choose from several reputable insurance companies. The bank will give you options. You can also arrange your own insurance if you find a better deal elsewhere.
The insurance must be comprehensive – meaning it covers theft, accident, fire, and other damages. This protects you and your family in case something happens to the car.
How Fast Is the Delivery?
This is one of the biggest selling points of the Roshan Apni Car scheme.
Normally, when you book a popular car in Pakistan, you wait for months. Sometimes half a year. Sometimes more. Dealerships give long delivery times because of supply chain issues, high demand, and limited production.
But under this scheme, the delivery time is up to 50% shorter than usual.
How is that possible? The banks work directly with authorized dealerships and manufacturers. They have special quotas for Roshan Apni Car customers. So you get priority.
If a normal customer waits six months, you might wait only three. If a normal customer waits four months, you might wait two.
That means your family in Pakistan gets the car much sooner. They do not have to wait forever.
How Do You Apply? Step by Step
I will walk you through the application process. It is completely digital. You can do everything from your phone or laptop.
Step 1: Log into your Roshan Digital Account
Go to your bank’s online portal. Log in with your username and password.
Step 2: Find the Roshan Apni Car section
Most banks have a separate tab or menu item for this scheme. If you cannot find it, use the search bar or contact customer support.
Step 3: Fill out the application form
You will need to enter basic information: your name, your RDA account number, the car model you want, the financing amount, and the repayment period. Also, you will need to provide details of the family member in Pakistan who will receive the car.
Step 4: Upload documents
Even though the process is paperless, you may need to upload scanned copies of your passport, RDA statement, and maybe a proof of address. The bank will tell you exactly what they need.
Step 5: Submit the application
Once you have filled everything and uploaded the documents, click submit. That is it.
Step 6: Wait for approval
The bank will review your application. They will check your eligibility, your credit history, and the lien (if you choose that option). According to SBP guidelines, approval should take no more than four days from the date of submission.
Step 7: Sign the agreement online
After approval, the bank will send you a digital loan agreement. You can sign it using an electronic signature or a one‑time password.
Step 8: Car delivery
Once the loan agreement is signed, the bank releases the funds to the dealership. The dealership then contacts your family member in Pakistan to arrange delivery. They will handle registration, number plates, and other formalities.
That is all. No visiting banks, no long queues, no courier of documents. Just a few clicks, and your family gets a new car.
Which Banks Offer Roshan Apni Car?
The scheme is available through all major banks that offer Roshan Digital Accounts. This includes:
- Bank Alfalah
- Habib Bank Limited (HBL)
- United Bank Limited (UBL)
- MCB Bank
- National Bank of Pakistan (NBP)
- Faysal Bank
- Meezan Bank (Islamic)
- Bank Islami
- And others
If you already have an RDA with any of these banks, you can apply through their portal. If you do not have an RDA, you can open one online with any of these banks.
Can You Buy Any Car?
The scheme covers most popular cars sold in Pakistan. This includes:
- Toyota Corolla and Yaris
- Honda Civic and City
- Suzuki Swift, Cultus, and Wagon R
- Kia Picanto and Sportage
- Hyundai Elantra and Tucson
- Changan Alsvin and Oshan
- And many other locally assembled or imported cars
You should check with your bank for the complete list of approved models.
Is Islamic (Sharia‑Compliant) Financing Available?
Yes. Many participating banks offer Islamic car financing under this scheme. Instead of charging interest, they use Sharia‑compliant modes like Ijarah (lease) or Murabaha (cost‑plus sale).
The monthly payments are fixed, and the structure is approved by the bank’s Sharia board. If you prefer Islamic banking, just select that option when you apply.
What About Taxes and Duties?
The car you buy will be registered in Pakistan. All applicable taxes, customs duties (if imported), registration fees, and sales tax will be included in the financing amount or paid separately by the buyer. Your bank will explain the breakdown before you sign any agreement.
A Real Example – How Much Would You Pay?
Let me give you a rough example to make things clear. These numbers are for illustration only. Actual numbers change with market rates.
Suppose you want to buy a Toyota Corolla that costs PKR 5 million. You choose a 5‑year loan with a lien‑based floating rate at SBP Floor + 1%, say 13% per year.
If you make a 20% down payment (PKR 1 million), the loan amount is PKR 4 million.
With 13% interest over 5 years, your monthly payment would be roughly PKR 91,000. The total interest over 5 years would be about PKR 1.46 million.
If you had taken a normal car loan at 20%, the monthly payment would be around PKR 106,000, and total interest would be about PKR 2.36 million.
So you save PKR 15,000 every month and PKR 900,000 over the life of the loan. That is a huge saving.
Of course, the actual numbers will vary. But you get the idea.
Why This Is Great for Overseas Pakistanis
Overseas Pakistanis send more than $30 billion in remittances every year. They work hard in foreign countries, often in tough jobs. They deserve to be treated well by Pakistani banks.
The Roshan Apni Car scheme is a recognition of that. It gives you better rates, faster service, and a much simpler process.
No more asking relatives to go to banks on your behalf. No more waiting months for a response. No more paying excessive interest.
You can help your family get a safe, reliable car without breaking your budget.
Final Thoughts
The State Bank of Pakistan has done a good thing by launching Roshan Apni Car. It is a smart, well‑designed scheme that addresses real problems faced by overseas Pakistanis.
If you have a Roshan Digital Account, I encourage you to look into it. Visit your bank’s website, check the current rates, and see if it makes sense for your family.
And if you do not have an RDA yet, open one today. It is free, it is easy, and it opens the door to many benefits – including this car financing scheme.
Your family back home is waiting. Give them the gift of mobility. Give them a new car with Roshan Apni Car.
