Personal Loan

loan in Pkaistan

Personal loans in Pakistan are offered by a variety of banks and financial institutions. These loans can be used for a variety of purposes, including paying for medical expenses, education expenses, wedding expenses, and home renovations.

How to Apply for loan

The eligibility criteria for personal loans vary from lender to lender, but in general, you must be a Pakistani citizen or resident and be between the ages of 21 and 60. You must also have a regular source of income and a good credit score.

To apply for a personal loan in Pakistan, you will need to provide documentation such as your national identity card, proof of income, and bank statements. The lender will also review your credit history to determine your creditworthiness.

Age required for loan

Interest rates for personal loans in Pakistan can range from 11% to 20% per annum, depending on the lender and your credit score. It is important to compare loan offers from different lenders to find the one with the best interest rate and terms.

Some of the popular banks and financial institutions that offer personal loans in Pakistan include HBL, MCB Bank, UBL, Standard Chartered Bank, and Allied Bank. It is recommended to research and compare loan options before applying to ensure you get the best deal for your personal loan needs.