Product Research and Reviews

Personal Loan schemes offered by various banks in Pakistan

Table of Contents


What you need to know before signing a Personal Loan

You could feel the need to borrow money at some point to complete a major project, such as redecorating your home, traveling abroad, or replacing worn-out dressers and shabby futons with a new living room and bedroom set. And your favorite means of borrowing money can be a personal loan.

Personal loans are fantastic because of how adaptable they are. When you take out a mortgage, you must buy a house with the money from the loan. But if you take out a personal loan, you can use the money you receive for anything.

Another fantastic benefit of personal loans? They typically have affordable interest rates. For instance, a personal loan often has far lower interest rates than a credit card (plus, the personal loan interest is fixed, whereas, with a credit card balance, it can be variable). These are some of the best personal loans in Pakistan.

Comparative study

Before you take out a personal loan, you must examine several bank schemes in order to use the best personal loan for your needs. In order to achieve your goal, you must have options. Here is a list of banks in Pakistan that offer personal loans; check over these possibilities and pick the one that most attracts you.

NBP Personal Loan 


Maximum limit of NBP Advance Salary Loan

You can avail of a maximum limit of up to Rs. 3,000,000/-, subject to debt burden requirement i.e. not more than 40% of the net disposable income.

Maximum Tenor


Up to 48 months

For those who have completed 5 years of service in their current
organization and are eligible for gratuity

Up to 36 months

evergreen contract

In case of less than 5 years’ service in the current organization and
having the evergreen contract

Up to the remaining contract period

In case of less than 5 years’ service in the current organization

Frequently Asked Questions – FAQ 

To get answers to the following frequently asked questions, just click on the question

Who can apply for NBP Advance Salary Loan?

NBP account holders who are contractual employees of federal/provincial government, semi government & autonomous bodies and receiving their salaries through NBP can avail of this loan.

What are the Age Criteria for NBP Advance Salary?

The maximum age of the customer at the time of maturity of the finance should not exceed 55 years.

What is the Job length for NBP Advance Salary?

Minimum service in the current organization should be at least 1 year.

Is there any minimum income and collateral requirement to apply for NBP Advance Salary?

Minimum Income required PKR 70,000/- but no collateral requirement.

What is the maximum limit of the NBP Advance Salary Loan?

You can avail of a maximum limit of up to Rs. 2,000,000/-, subject to debt burden requirement i.e. not more than 35% of the net disposable income.

What is the mode of repayment?

Monthly installments will directly be recovered by debiting your Salary Account maintained with NBP.

Is there any requirement for References?

Yes, two references of work colleagues, one reference must be of a higher grade and the second reference must be of the same or higher grade. However, at least one of the two references should be a permanent govt employee. Both references should maintain their salary account with any of the NBP branches or any other bank.

What is the applicable markup rate on NBP Advance Salary?

Mark-up rate @ 25.5% Fixed (per annum).

Can I avail Rollover/Enhancement Facility? Is there any benefit for existing customers?

Processing Fee: For Fresh Customers: Rs.2,000/- or 2% of the loan amount whichever is higher, subject to the maximum ceiling of Rs.20,000/- (plus FED)

For Rollover Customers:
Rs.2,000/- or 2% of net fresh/enhanced amount whichever is higher, subject to a maximum ceiling of Rs.20,000/- (plus FED)

Verification Charges (Actual to verification Agency)

Early Payment
Charges (2% of adjustment amount + FED)

Documentation & Legal Charges (Actual)

The following are the documents required at the initial stage from the customer:

  • Copies of CNIC of Applicant and References
  • Copies of the Employee ID Card of the applicant and References
  • Last 3 months Salary Slip/Certificate.
  • Customer Undertaking
  • Employer Undertaking
  • PEP Undertaking
  • Attested copy of contract/agreement/ offer duly verified by the concerned department.
  • Personal Guarantee of the customer on the standard format (IB-29)  
For further details click on NBP Personal Loan

ABL Personal Loan  

Features & Benefits

  • Easy loan with repayment in equal monthly installments
  • Flexibility to choose a repayment period from 1 to 5 years
  • Loan amount from Rs. 30,000/- to Rs. 3,000,000/-
  • Simple and easy documentation
  • No hidden cost
  • Low markup rate
  • Finance Enhancement
  • Prepayment Facility (partial & full)

The facility is currently being offered in Lahore, Karachi, Islamabad / Rawalpindi, Faisalabad, Multan, Sialkot, Gujranwala, and Hyderabad only.

Eligibility Criteria

  • You are eligible for Allied Personal Finance if:
  • You are a resident Pakistani national
  • You are a salaried or self-employed individual
  • You are a minimum of 21 years old and maximum of 59 years old in case of salaried and 64 years old in
    case of self-employed

Salaried Individuals

  • Minimum six months relationship with ABL or another bank
  • Minimum net monthly salary of Rs.25,000/- in case of salary account with ABL or Rs.35,000/- in case of salary account with another bank
  • Working as permanent or direct contract staff with a minimum length of employment of 2 years

Self-Employed Individuals

  • Minimum twelve (12) months relationship with ABL or twenty-four (24) months with another bank.
  • Minimum net monthly income of Rs.45,000/- in case of an account with ABL or Rs.55,000/- in case of an account with another bank.
  • Minimum 2 years of business in case of an account with ABL or 3 years in case of an account with another bank.

Markup/Interest rate

The markup rate is subject to change, therefore, please refer to the Schedule of Charges of the Bank, available at, for the prevailing markup rate.

Frequently Asked Questions FAQ 

To get answers to the following frequently asked questions, just click on the question

What is the markup rate applied on Allied Personal Finance?

Markup rate is subject to change, therefore, please refer to Schedule of Charges of the Bank, available at, for prevailing markup rate.

Does ABL charge Processing Fee or any other charges?

Yes, Processing Fee is applied and deducted from the approved loan amount at the time of disbursement. For any fee or charges, please refer to prevailing Schedule of Charges (SOC) of the Bank available at ABL Branches and at

What are the loan repayment options?

The loan can be repaid in 12, 24, 36, 48 or 60 equal monthly installments, depending on your choice of tenure i.e. the options are available for full repayment in 1 to 5 years.

How much loan can I avail?

The loan amount could range from Rs.30,000/- to Rs.3,000,000/- depending upon the applicant’s credit worthiness, cushion in DBR (Debt Burden Ratio) and overall profile.

Can I make pre-payments against the financing facility?

Yes, the customer may exercise the right to fully or partially pay off the outstanding amount. Partial pre-payment can be made after completion of 6 months of financing which should be equal to at least three or more installments amount; further, maximum two (02) balloon payments are allowed in a year.

Can I get my loan settled before maturity?

Yes, by paying all outstanding liability against your account you can settle your loan prior to maturity.

Is there any pre-payment penalty?

Prepayment penalty shall be applicable as per prevailing Schedule of Charges of the Bank.

How can I Apply for the loan?

You can visit your nearest ABL branch and fill out the application form to apply for Allied Personal Finance.

What is the application processing time for Allied Personal Finance?

An average processing time for disbursement of loan is 15 working days provided all required documents are submitted with the application form to the satisfaction of the Bank.

From where can I get further information or track the status of my application?

You may contact us on ABL Helpline 111-225-225 for any information.

For further details click on ABL Personal Loan

HBL Personal Loan  


  • Financing limit between PKR 25,000 to PKR 3,000,000
  • Repayment tenure(s) ranging from 12 to 48 months
  • Availability of top-up facility after every 12 months
  • Life insurance coverage


The salaried individual whose salary is being credited to the HBL account

Applicant to be 21 years or more at the time of loan application and 60 years or less at the time of loan maturity


  • Verified copy of CNIC
  • Verified copy of salary slip
  • Letter from employer (if applicable)
  • Terms and conditions apply.
  • MARKUP RATE is Fixed at 35.99%

Frequently Asked Questions – FAQ 

To get answers to the following frequently asked questions, just click on the question

Am I Eligible for HBL Personal Loan?

You are eligible to apply for HBL Personal Loan if you fall under any of the following categories
-Top-up customers’ Existing HBL Personal Loan customers with a good repayment history
-Salary transfer customers Individuals who earn more than PKR 15,000 monthly and whose salaries are being transferred to an HBL account

How Can I Apply?

You can visit the nearest HBL branch and fill out a simple application form to apply for HBL PersonalLoan.

Personal Loan What Is a Top-Up Facility?

Existing HBL PersonalLoan customers can apply for a new loan of the same amount or more after a 12-month time period.

How Much Money Can I Borrow Through HBL Personal Loan?

You can avail any amount ranging from Rs. 25,000 to Rs. 3,000,000 based on your eligibility and the Bank’s criteria.

How Can I Repay My Loan?

You can easily repay your loan in equal monthly installments in periods ranging from 12, 24, 36 or 48 months.

What is the applicable Interest Rate on HBL Personal Loan?

The interest rate varies according to the category of customer that you fall under, with a maximum of up to 35.99% per annum. For further details, please visit Schedule of Bank Charges (SOBC)- HBL PersonalLoans uploaded on However, for us to guide you better, please call HBL PhoneBanking at 111-111-425.

Can The Interest Rate Change During the Tenure of My Loan?

No, once your loan is approved, the interest rate will remain unchanged throughout the tenure of your loan.

Are There Any Hidden Costs Involved?

No, there are no hidden costs involved. All charges are clearly mentioned in the Schedule of Bank Charges available at all HBL branches. You can also visit for the Schedule of Bank Charges.

Can I Apply for an Extension of My Loan Tenure?

If you want to increase your loan tenure, you can apply for our loan top-up facility.

For further details click on HBL Personal Loan

MCB Personal Loan  

Key Features

  • Minimum Loan Amount: PKR 50,000
  • Maximum Loan Amount: Up to PKR 2 million
  • Tenure: 1 year to 4 years
  • No collateral required
  • No processing fee if the loan is not approved

Approved Cities: Karachi, Lahore, Rawalpindi, Islamabad, Faisalabad, Hyderabad, Multan,
Peshawar, Sialkot, Bahawalpur, Abbottabad, Jhelum & Wah Cantt.


  • Salaried individuals working in the Private sector, the Government of Pakistan, and the Armed Forces *
  • Any person who has taken a credit card, personal loan, or overdraft facility from any bank in Pakistan.
  • An existing MCB Car4U customer who took the MCB car loan more than 1 year ago*
  • Any MCB salaried customer whose salary has been being credited in MCB for more than a year

Initial Documents:

  • Copy of Salary slip/ Proof of income
  • Copy of Valid CNIC


For Tenure 1 to 4 years

Customers with Qualifying Credit History and are salaried Govt./Armed Forces, eligible for 1-Year KIBOR + 14%

Customers with non-Qualifying Credit History and are Salaried Govt./Armed Forces, eligible for 1-year KIBOR + 16%

For further details click on MCB Personal Loan

UBL Personal Loan 

Product Benefits & Features

  • Maximum Limit: Up to Rs. 3 million
  • Tenor: 1 – 4 years
  • Quick Processing
  • Competitive Rates
  • Flexible Repayment Terms
  • Complimentary Credit Insurance
  • Processing fee on approval

Clubbing of income and Early Settlement option

Loan top-ups/enhancements for more financing

Balance transfer facility for outstanding personal loan(s)

Eligibility Criteria

  • Minimum Net Income: Rs. 25,000
  • Age: 21 – 60 years
  • Salaried individuals whose salaries are being credited to UBL or any other Bank in Pakistan.

Documentation Requirements

  • Signed application form
  • The loan declaration form duly signed
  • Letter of Irrevocable Standing Instructions & Authorization of Auto Debit
  • Copy of CNIC
  • Salary Slip (original or verified as original seen by the Branch Manager) and/or
  • Salary Certificate mentioning break up. Net salary credited in the account should be the same as mentioned in the break-up
  • Employment letter/employment card/appointment letter confirming the required tenor
  • 12 months’ bank statement reflecting consistent salary credit.

Frequently Asked Questions – FAQ 

To get answers to the following frequently asked questions, just click on the question

Who can apply for UBL CashPlus Term Loan?

Permanent Salaried employees of companies/ Government / Armed Forces, maintaining payroll relationship with UBL can apply for UBL CashPlus Term loan.

What is the minimum net income criteria to apply for UBL CashPlus?

Minimum monthly net income criteria is Rs. 20,000

What is the minimum and maximum credit limit of UBL CashPlus?

 Minimum 20,000
 Maximum 2,000,000

What is the minimum and maximum age limit for UBL CashPlus?

 Minimum 21 Years
 Maximum 60 Years (at the end of loan)

What is the tenure for the UBL CashPlus loan?

The tenure of the loan will vary between 1 to 5 years.

Is Direct Debit mandatory for UBL CashPlus customers?

Yes Auto Debit for due payment is mandatory for all UBL CashPlus customers.

What is the mechanism for calculating APR?

For UBL CashPlus Markup is calculated based on 365 days due to system functionalities. This gives the customer the benefit of a slightly lower repayment amount as APR is slightly lower than the published rates.

What is the mechanism for Charging Late payment fee?

Due date is 10th of every month and Late Payment Fee will be charged on every missed/late EMI from customers at the time of their next due installment. These charges will be recovered in addition to the EMI amount due. If customer fails to deposits the late fee charges in addition to the EMI, then charges will be recovered from the amount deposited/recovered through direct debit.

For further details click on UBL Personal Loan

Bank Alfalah Personal Loan 

Basic Product Features

  • Financing facility starting from PKR. 50,000 up to PKR. 3 million
  • Tenure ranging from 1 to 4 Years
  • No security/collateral requirement
  • Complimentary orbits on sign-up
  • Both fixed and variable pricing options are available.

Why Alfalah Personal Loan?

Hassle-free processing with minimum documentation

  • Affordable markup rates
  • Partial prepayment option
  • You can lower your installments by making a partial prepayment of the outstanding principal
  • A maximum of 1 partial payment is allowed in a year (a year is equal to 12 installments from the date of disbursement). Each partial payment cannot be more than a total of 6 installments
  • Loan top-ups/enhancements for more financing
  • You can top up the loan amount based on revised income and repayment history
  • Multiple repayment options
  • Non-Checking Account
  • Direct Debit
  • Cross Cheque
  • ATM
  • Internet Banking
  • Mobile Banking
  • Cash Payment at Branches
  • Multiple income sources allowed for higher loan limits
  • You can club more than one source of income to avail a higher loan limit. A maximum of 2 eligible secondary sources/businesses are allowed
  • Balance transfer facility for outstanding personal loan(s) and credit card(s)
  • You can better manage your outstanding personal loan(s) and credit card(s) of other banks by consolidating and transferring them under one installment loan
  • Special Discounts and Minimal Documentation for existing Bank Alfalah account holders and customers
  • Existing Bank Alfalah customers and account holders can enjoy discounted rates based on their relationship tenure, average balance, and history with the Bank with minimal documentation

Frequently Asked Questions – FAQ 

To get answers to the following frequently asked questions, just click on the question.

Who can apply for Alfalah Personal Loan?

Pakistani Nationals and Foreign Nationals (with company letter of comfort) having income from any of the following sources
Business/ Profession
Individuals with other sources of income i.e. Landlords, retired individuals, individuals with regular rental income

What is the minimum/ maximum tenure for which I can avail Alfalah Personal Loan?

You can choose to spread your Alfalah Personal Loan over a minimum of 1 year and a maximum of 4 years.

How much can I apply for?

You can apply for as low as PKR 50,000 up to PKR 3,000,000

What is the fee for applying for Alfalah Personal Loan?

There is no fee for applying for Alfalah Personal Loan. A processing fee of PKR 4,000 or 1.3% of the loan amount (whichever is higher).

What is the minimum/ maximum age requirement?

Minimum 21 years and maximum 60 years (salaried) / 65 years (SEB/SEP).

Can I make partial prepayments?

Maximum of 1 partial payment is allowed in a year where each partial payment cannot be more than a total of 6 installments.

How many partial prepayments can I make?

You can make a maximum of 1 partial prepayment in a 12-month period after the 1st year of disbursement.

Is there a maximum amount of each partial prepayment?

Yes, each partial prepayment should not be more than a total of 6 equal monthly instalments.

Is there a partial prepayment fee?

Yes 1st year is Not allowed, 2nd-year 3rd year, 5% of the paid amount,  onwards  8% of the paid amount 

Can I settle my loan before the end of term?

Yes, you may give a 30 day prior written notice to the Bank if you wish for early settlement of your facility. Based on prior written consent of the Bank on your request, you may fully pre-pay your loan.

Is there an early settlement fee?

Yes 1st year 10% of the remaining principal, 2nd year 5% of the remaining principal, 3rd year onwards 8% of the remaining principal

Is there a late payment charge?

Yes, PKR 700 per month per instalment will be applied as late payment charges

Can I enhance my financing?

Yes, you may enhance your financing based on revised income or repayment history with Bank Alfalah Limited.

Is there a limit enhancement fee?

Yes, PKR 2000

For further details click on Bank Alfalah Personal Loan

Askari Bank Personal Loan 

Tenure of Loan                                         1 to 4 years

Minimum Age of Borrower                  Salaried: 21 Years

SEB/SEP: 23 Years

Maximum Age till Maturity of Loan       62 years (Salaried-Permanent)

(SEB/SEP/Pensioner)                               65 years



Permanent Employees               Approved Companies: 30,000/-

Non-Approved Companies: 35,000/-

Contractual Employees             Approved Companies: 40,000/-

Non-Approved Companies: 45,000/-

SEB/SEP (Branch Customers) Rs. 55,000/- Average Balance

SEB/SEP (Non-Branch Customers) Rs. 100,000/- Average Balance          

Finance Amount (subject to DBR) Rs. 50,000/- to 4,000,000/-

Top Up/Limit Enhancement: Loan top-up facility after 6 months (3 months if already using any other consumer product from Askari bank for 12 months)

Mark-up Rates

Salaried             Branch Customer: 23.99%

Non-Branch Customer: 25.99%

SEB/SEP           Branch Customer: 27.99%

Non-Branch Customer: 29.99%

Documents required are:

  • Application form duly filled in all respects.
  • Copy of valid CNIC
  • Salary Slip / Salary Certificate
  • 6-month bank statement
  • Contract letter (For contractual employees)
  • Proof of Admission and education-related documents.

Who can apply for AKBL Personal Finance?

  • Officers Serving & Retired/ widows
  • Serving & Retired JCOs/ Equivalent and Lower Cadres/ widows
  • Civilians working in Armed Forces Organizations Permanent & Contractual
  • Salaried Individuals including GOP/ Semi-Government/ Autonomous Bodies
  • Self Employed Businessman & women/ Professional (SEB/SEP)
  • Especially abled Persons/ Visually Impaired Persons/ Persons with Disabilities (PWD)
  • Askari Bank Employees

Frequently Asked Questions – FAQ 

To get answers to the following frequently asked questions, just click on the question.

Who can apply for AKBL Personal Finance?

Officers Serving & Retired/ widows
Serving & Retired JCOs/ Equivalent And Lower Cadres/ widows
Civilians working in Armed Forces Organizations Permanent & Contractual
Salaried Individuals including GOP/ Semi Government/ Autonomous Bodies
Self Employed Businessman & women/ Professional (SEB/SEP)
Specially Abled Persons/ Visually Impaired Person/ Persons with Disabilities (PWD)
Askari Bank Employees

Can overseas Pakistanis obtain Personal Finance facility from AKBL?

Yes. The individuals maintaining FC account with AKBL, Remittances/ Roshan Digital Account holders/ Holders of Naya Pakistan Certificates.
Note: Facility can only be allowed In case of joint account maintaining with AKBL.

What is the minimum and maximum financing amount?

The minimum financing amount is Rs. 50,000/. The maximum financing limit will be up to 40% Debt Burden Ratio and as per SBP PR.

What would be the financing tenure?

Loan tenure is Minimum 01 year and maximum 04 years or as per prevailing SBP PRs.

What is the age criteria for applying AKBL Personal Finance?

Min: 21 Years to Max: 60 Years.

What is the minimum monthly income criterion?

Minimum monthly income of Rs. 30,000/- is required to be eligible for the AKBL Personal Finance.

In which area of the country one can avail Personal Finance form AKBL?

Personal Finance can be availed from all cities / Areas without discrimination.

What is the Application processing time?

The processing time of Personal Finance is 10 working days form login till approval subject to complete application with required documents.

What is the Application processing Charges?

It will be as per prevailing Schedule of Charges (SOC).

What is the repayment mode?

Payment of Equal Monthly Installment (EMI) comprising of principal and mark-up will be made through Direct Debit Authority (DDA) of borrower’s account maintained with AKBL.

Can I make balloon payments or premature termination of facility?

Yes, Balloon payment or premature termination option is available for all customers. Charges will be applied as per prevailing Bank’s schedule of charges

What happens if I fail to fulfill your payment obligations?

In case of overdue / default, recovery department of AKBL will contact you, your loan related details will be reported to Credit Bureau. Late payment and cheque return charges may also be applicable as per prevailing schedule of charges. Legal proceeding may also be initiated by the Bank.

How will I get update of my Personal Loan Application?

For further details click on Askari Bank Personal Loan

Bank of Punjab Personal Loan  

Salient Features

  • Tenure of loan from 1 to 5 years
  • Fixed markup for the complete tenure
  • Easy monthly installments
  • Financing Limits from (50,000) to (1,000,000)
  • No pre-payment penalty
  • Avail of the loan with minimum documentation
  • Life assurance is also provided

Basic required Documents

  • Copy of valid computerized national identity card (CNIC)
  • Latest salary slip
  • Eligibility Criteria
  • Age limit 19 years to 59 years
  • Minimum Gross Salary of 17,500 monthly

Frequently Asked Questions – FAQ 

To get answers to the following frequently asked questions, just click on the question.

Which department’s employees are eligible candidates for the loan facility?

Government /semi-government/federal/provincial department employees who have their salary A/C in The Bank of Punjab.

How much monthly salary is required to avail of the loan?

Gross salary should be a minimum of Seventeen thousand and five hundred (17,500) rupees.

Minimum job experience required for a loan?

No minimum job experience.

Is there any age limit for the applicant?

Yes, the applicant should be in between 19 years to 59 years.

What are the minimum and maximum amounts for which an applicant can apply?

The given amount of loan is dependent upon the monthly salary of the applicant and any other loan is already taken from any bank. An applicant can avail loan up to his twenty-five net salaries amount. Which can be a minimum of fifty thousand (50,000/-) and a maximum of one million.

For which purpose the loan can be used?

The loan amount can be used for personal needs. So, with this amount, no investment in any IPO can be done.

What are the minimum and maximum time period of a loan?

Tenure for loan is between 1 year to 5 years.

What documents are required for availing of the loan?

Copy of valid National identity card, Latest salary slip and , Confirmation letter from the department (if required)

Are there any expenses to process loan application? And what other expenses can be possible?

Rs. 2500/- will be charged loan processing charges which will be non-refundable. For further details of charges are available on the website of BOP.

How much time will be required for loan processing?

After completion of documentation within seven days amount of loan will be transferred in your salary A/C.

Will mark-up rate is fixed or variable?

Mark-up rate will be fixed for whole tenure.

Will there be any penalty on advance or partial payment?

No, there will not be any penalty on advance or partial payment.

What is the method to return loan?

The payment of loan would be done on monthly basis. For which the applicant has to keep an instalment amount in his bank account from which that amount would be deducted on the mentioned date.

When the monthly installment will be deducted from the salary account?

Monthly installment will be deducted on every 5th of the month from the salary account.

In case of any queries related to loan, whom should the customer contact?

For any queries related to loan contact on given telephone number. 042-35817659, 35817646. The customer can also approach the bank officials personally (CFC) whose details are mentioned on the bank page.

Can the customer transfer their salary account from BOP to any other Bank?

No, the salary account cannot be transferred till the closure of loan.

Is there life assurance facility available for customer?

Yes, till the return of loan this facility is available. In case of death the rest of amount will be covered by the insurance company.

Can the application for the loan be canceled?

Yes, Bank reserves the right to accept or reject the loan.

I have taken a salary loan from another bank. Can I transfer my salary account to the Bank of Punjab and avail loan against my salary?

Yes, you can transfer your salary account to BOP, according to the policy of advanced salary loan.

Will there be any penalty or delayed payment?

If there is a delay in payment of monthly installments after the 5th of the month, one rupee per thousand per day will be fined along with the payable due.

For further details click on BOP Personal Loan

Bank Al Habib Personal Loan  

Cash Finance

Need cash without encashing your savings?

A hassle-free secured personal loan from Bank AL Habib Cash Finance can be used to borrow money for any purpose at the best possible interest rate in exchange for National Savings Certificates, Pakistani rupees, or foreign currency. Deposits in the First Habib Cash Fund and at Bank AL Habib.

Al Habib Cash Finance works in two ways

  • Running Finance Facility (RF), a Revolving line of Credit with quarterly mark-up servicing
  • Term Finance Facility (TF), 1 Year to 5 years, repayments in equal monthly installments.

Great option

  • Prompt & Hassle-Free Processing
  • No Processing Fee
  • Balance Transfer Facility
  • Documentation Charges at Actual
  • No Pre-payment Penalty
  • Third-Party security of Bank AL Habib Deposit/National Saving Certificates
  • PayPak Debit Card (Default)
  • Free Online Banking
  • Free eStatement/ AL Habib Mobile and Netbanking Facility

Who can avail AL Habib Cash Finance facility?

  • Resident Pakistanis such as Salaried, Self Employed & Business Individuals.
  • Having Requirement of funds for personal use.
  • Having Satisfactory Credit History.

Finance Amount

  • The minimum Finance amount is PKR 50,000/-.
  • Maximum 90% against PKR Deposits / Encashment value of Securities and 85% on Foreign Currency Deposits.

Securities and Pricing

  • Financing up to PKR 5.0 million Against Bank AL Habib PKR Deposits
  • Running Finance 2.00% over Deposit Rate
  • Term Finance 1.50% over Deposit Rate
  • Financing up to PKR 5.0 million (Against Foreign Currency Deposits and Permissible Government

Running Finance

2.00% over 3 Months KIBOR

Term Finance 1.50% over 1 Year KIBOR for Financing of over PKR 5.0 million

Running Finance 1.50% over 3 Months KIBOR

Term Finance 1.25% over 1 Year KIBOR

Documents Required

  • Bank’s prescribed Application Form
  • Copy of CNIC / SNIC
  • Latest salary slip / Salary Certificate (For salaried person)
  • Bank Account Statement for last six Months (For Businessperson) Any other document of income proof, if available
  • Liability declaration (CF-1)
  • Open a Cash Finance Account

Visit the nearest Bank AL Habib Branch for an Account Opening Form

Submit the duly completed form with all supporting documents

We offer both Term Finance (TF) & Running Finance (RF) Facilities for individuals to meet
their personal, family, or household needs.

The minimum Finance amount is PKR 50,000/-. Maximum (90% against PKR Deposits or Encashment value of Securities, and 85% on Foreign Currency Deposits).

For further details click on Bank AL Habib Personal Loan

Sindh Bank Personal Loan  


  • Finance amount from PKR 50,000 to PKR 1,500,000
  • Financing up to 4 years
  • Prompt and hassle-free processing with minimum documentation
  • Low mark-up rate


  • Pakistani and AJK Citizen
  • Age 21 to 59 years
  • Salary Account with Sindh Bank
  • Permanent Employee
  • Minimum 2 years in service
  • Guarantor of One Grade/Scale above applicant, but not less than BPS-15


  • Loan Application Form (LAF)
  • Two recent photographs
  • Copy of valid CNIC
  • Last 3 month’s salary slips
  • Copies of 2 utility bills
  • Departmental/Employer NOC
  • Undertaking from Deputy District Officer (DDO) or Salary Control Department

For further details click on Sindh Bank Personal Loan

Summit Banks personal loan  

The salient features of this plan are as follows:

Loan Amount                              Minimum: Rs.25,000/-

Maximum: Rs.1,000,000/-

Loan Tenor                                  Minimum: 1year

Maximum: 5 years

Mark-up Type                                  Fixed

Loan Enhancement Facility           Available

Early Settlement Facility               Available


  • Quick Processing
  • No Processing Fees before approval
  • Minimum Documentation
  • Competitive Rates
  • Complimentary Credit Life Insurance


  • Pakistani Resident & CNIC holder
  • Age between 21yrs to 65yrs
  • Minimum net Income PKR 15,000/-
  • Salaried individual only

For further details click on Summit Banks Personal Loan

Dubai Islamic
Personal Loan 

DIBPL is the first Islamic bank in Pakistan to offer a Sharia-compliant “Personal Finance “facility based on the Islamic Finance concept of “Musawamah”. The financing facility can be availed and utilized for financial needs such as education, marriage, medical expenses, credit card loan settlements, conventional loan settlements, or meeting any other emergency needs in the “HALAL/ISLAMIC” way.

How It Works

  • The Customer (with the requirement of funds for personal needs) will approach the Bank to avail Personal Finance Facility.
  • After the required credit approvals, the Bank will purchase specified goods (e.g. cotton, meat) from a commodity supplier on a spot payment basis.
  • The goods will be identified (i.e. the location and warehouse details) & disclosed to the bank by the broker.
  • The Bank, after getting the title to and possession of the goods, will sell the goods to Customer on deferred payment basis.
  • The possession (constructive) of goods will be given through a DO/DC in favor of Customer.
  • The DO/DC issued will give absolute right to the beneficiary to possess the goods or to
    liquidate the same by selling it to the ultimate buyer.

Special Sharia Controls have been added to ensure Sharia compliance of the product at various stages, so there’s no possibility /chance of returning goods to the original seller (directly or indirectly) and it will be strictly monitored on a continuous basis.


  • 100% Sharia Compliant.
  • Riba Free solution to your immediate cash needs like education, hospitalization, marriage etc.
  • Avoiding Riba on your existing conventional loans through our product’s balance transfer facility.
  • Lower rates for BTF customers.
  • Financing limit from PKR 50,000 to PKR 2 million (Terms & Conditions apply)
  • Flexible tenor from 6 months to 60 months.
  • Swift turnaround time and hassle-free processing of your application.
  • Affordable and competitive equal monthly installments.

Age Criteria

  • Minimum Age = 21 years
  • Maximum Age = 60 years or over

Income Criteria

  • Salaried – Prime Customers: PKR 250,000 Gross/month
  • Salaried – Known Company A & B Employees: PKR 30,000 Gross/month
  • Salaried – Unknown Company Employees: PKR 35,000 Gross/month
  • Salaried – Government Employees: PKR 30,000 Gross/month
  • Salaried – Armed Forces Employees: PKR 30,000 Gross/month
  • Salaried – Contractual (Known Company A & B Companies): PKR 40,000 Gross/month

Finance Limit

  • Minimum Finance Amount – PKR 50,000
  • Maximum Finance Amount – PKR 2,000,000


  • Documents required at the time of application:
  • Duly filled Application form.
  • Balance transfer undertaking (In case the customer wants to transfer his existing outstanding loan from another bank)
  • Two recent passport-size photographs.
  • Copy of CNIC.
  • All other relevant documents (Income documents, Bank Statements, Profession proof, etc. as
    per customer category)

For further details click on Dubai Islamic Bank Personal Loan

JS bank Personal Loan 

Customers who require money or who wish to meet their own financial needs frequently seek JS Personal Loan, a general consumer good. Customers consider using non-end-used and end-used specified services to be the most convenient given these market demands and advancements.

Hassle-free processing with minimum documentation

  • Affordable markup rates
  • Partial prepayment option
  • You can lower your installments by making a partial prepayment of the outstanding principal
  • A maximum of one partial payment is allowed in a year (a year is equal to 12 installments from
    the date of disbursement). Each partial payment cannot be more than a total of 6 installments
  • Loan top-ups and enhancements
  • You can top up the loan amount based on revised income and repayment history.
  • Multiple repayment options
  • Non-checking account
  • Direct Debit
  • Cross Cheque
  • Internet Banking
  • Mobile Banking
  • Cash payment at branches
  • Balance transfer facility
  • You can better manage your outstanding personal loan(s) of other banks by consolidating and transferring them under one instalment loan.

Credit Protector (optional)

  • The loan will be covered in an unfortunate event
  • Cash benefit to the family of the equivalent outstanding loan amount
  • Optional at 0.48% monthly of your total outstanding loan amount
  • Markup Rates:
  • 28% Salaried
  • 32% Businessmen

Documents Required

  • Complete the application form with signatures
  • Copy of CNIC
  • 6 Months Bank Statement (If required)
  • For Salaried Individuals – Salary Slip/Salary Certificate
  • For Self-employed businessmen and Self-employed professionals – Any Relevant Proof
    of Business Documents (Tax returns, NTN, Bank Certificate)

Eligibility Criteria

  • All Pakistani nationals/Foreign nationals with a company letter of comfort (Approved companies)
  • Salaried Individuals, Self Employed Businessmen/Professionals, others (Landlords/ Housewives & Retired Individuals) with consistent rental income/foreign remittances
  • Age │min: 21 years & max: 60 years
  • Income | Salaried: Min. gross monthly salary of PKR. 30,000/- Self-Employed Professionals/ Businessman: Min. monthly average balance of PKR. 75,000/-
  • Minimum 12-month bureau history for BTF/BTF with top up.

NOTE: Some banks prefer to include information about their interest rates and fees in their schedule of charges. For more information on the current markup rate, please see the Schedule of Charges of the Bank, which is accessible on the website of the relevant bank.

For more details click on JS Bank Personal Loan

Pros and Cons of Personal Loan

Pros of personal loans

In comparison to other types of loans, personal loans can have advantages. Here are a few benefits of choosing this kind of financing over others.

A single lump sum loan payment

Making a big purchase, consolidating debt, or using the loan in other ways all at once may be simpler because you receive your loan payment all at once. Additionally, the loan will be simpler for you to manage because of the set interest rate and predictable monthly payment.

Short & fast funding periods

Personal loans generally have fast approval times and payment times, making them useful for emergencies or other situations where you need money quickly. Some personal loan lenders can deposit the loan proceeds to your bank account as soon as the next business day.

Unsecured loan

You can get authorized for unsecured personal loans without putting up any collateral. This implies that you are not required to pledge your house, car, or other items as collateral for your promise to repay the loan. You’ll have serious financial and credit repercussions if you are unable to repay the loan in accordance with the terms established with your lender. However, you won’t have to be concerned about actually losing your house or automobile, unlike with a secured personal loan.

Comparatively lower interest rates

Compared to credit cards, personal loans frequently have cheaper interest rates. Consumers with great credit histories are eligible for very low-interest personal loans. Additionally, you can be eligible for a loan with a larger loan amount than the credit card limit.

Versatility and adaptability

Some loans have strict restrictions on their usage. For instance, if you take out a car loan, the sole use of the money is to buy a car. Personal loans can be used for a variety of things, including paying for medical expenses and debt consolidation. If you want to finance a large purchase but don’t want to be restricted in how you use the money, a personal loan may be a viable solution.

Longer loan terms

Personal loans can be taken out for a period of one to five years, depending on the lender, in contrast to short-term loans like payday loans and others that have high-interest rates. As a result, you’ll receive a fair monthly payment and enough time to pay back the money you borrow.

Simpler to manage

To combine debt from various credit card accounts, some consumers take out personal loans. Compared to many credit cards with varying interest rates, payment due dates, and other factors, a personal loan with a single fixed-rate monthly payment is simpler to handle.

When borrowers are approved for personal loans, they can simplify their monthly payments and reduce their costs by switching from credit cards to loans with lower interest rates.

Disadvantages of personal loans

Personal loans are not always the best option, but they can be a good option for some people. Before applying for a personal loan, think about these drawbacks.

There may be higher interest rates than other options.

Personal loans do not necessarily have the lowest interest rates. This is particularly true for borrowers with bad credit, who may end up paying interest rates that are greater than those on credit cards or secured loans that require collateral.

Additional prerequisites

The standards for personal loans may be more stringent than those for other forms of funding. Fewer lenders will be willing to work with you if you have bad credit or a brief financial history. Additionally, some lenders do not accept co-signers, which can increase your chances of getting approved if you have a little credit history or a low credit score.

Penalties and fees may be very substantial.

Fees and penalties that may be associated with personal loans could raise the cost of borrowing. Origination fees for some loans range from 1 percent to 6 percent of the loan amount. The processing fees, which go toward the loan, can either be added to the loan or deducted from the amount given to the borrower.

If you pay the remaining debt before the end of your loan term, some lenders may impose prepayment penalties. Review all the costs and penalties associated with any personal loans you are considering before applying.

Additional monthly payment

You add a new monthly payment when you take out a personal loan. If you are not careful, a personal loan could cause problems with your budget in the long run if it is not taken into account when you apply for the loan, and making the monthly payment results in you becoming overdrawn and putting your budget in the negative.

Greater debt burden

Personal loans can be used to consolidate debt, including credit card bills, but they don’t deal with the root of the problem. Your available credit limit is increased when you pay off your credit cards with a personal loan. This enables excessive spenders to accumulate additional debt rather than paying it off.

You can borrow money from a personal loan to spend it on a range of things. For instance, you might use a personal loan to pay for home improvements, debt consolidation, or a fantasy wedding. Online lenders, credit unions, and banks can all provide personal loans. You must pay back the money you borrow over time, usually with interest. Fees for personal loans may also be assessed by some lenders. Almost all banks in Pakistan offer personal loans to customers who require money or who wish to finance their individual financial demands.

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