We’ve all been there before, you desperately need some cash to pay off the bills or buy something unexpected, but you don’t have any money in your bank account, and you can’t get approved for an advance on your credit card.
If you live in Pakistan and need fast cash, you’re in luck.
Here’s everything you need to know about getting a cash loan in Pakistan from some of the most trusted lenders in the country.
Recommended Reading: 10 Easy Ways To Get A Loan In Pakistan | Urgent Loan In Pakistan
Emergency Financial Help: Where to Get Urgent Money in Pakistan
Table Of Contents
Finding An Online Lender
If you’re like most people, you likely use a credit card or personal loan from your bank for big expenses.
But using these services means that you have to pay interest on your loans and wait until next month before being able to access any of your money.
If you need cash fast, an online lender can provide fast approval with flexible repayment options so that you can take care of what needs to be taken as soon as possible.
Our recommended lenders are reputable and safe, so fill out our simple online form today to see how much you can get!
The Application Process
First, you’ll need to understand your options when it comes to applying for loans. You can apply directly with an online lender or you can use an online loan broker (think of them as middlemen that connect borrowers and lenders).
The application process is fairly similar either way: all potential borrowers will need their most recent paycheck stubs and tax returns, along with contact information for their current employer.
If your credit score isn’t at least 680, then you may have trouble finding a suitable option; another option would be financing through a friend or family member.
For example, if your family member has an excellent credit rating and/or income from which they could afford small payments each month, then they could potentially act as a co-signer on your loan application.
Recommended Reading: How To Get 5 Lakh Loan Without Interest In Pakistan (In 7 Days)
Preparing For The Loan
Before applying for a loan, think about what you need money for. If you already have an idea of how you’ll spend it, whether it’s paying off your credit card debt or taking that vacation next month, you’re much more likely to be approved by your lender.
On top of that, knowing exactly what you want from your cash advance means less opportunity for confusion during your loan application process—meaning more chance of getting approved with lower rates and shorter repayment periods.
It also means knowing whether or not any other loans apply to services such as overdraft protection. Also, note if there are any prepayment penalties associated with obtaining a loan and consider borrowing as little as possible upfront; try to get multiple loans instead of putting everything on one large loan.
List Of Top 3 Banks Providing Emergency Cash Loan In Pakistan
The following is an overview table of the top 3 Banks that provide instant cash loans in Pakistan:
| Bank | Loan Amount Range | Tenure | Interest Rate (APR) | Application Requirements | Features |
|---|---|---|---|---|---|
| Bank Alfalah | PKR 50,000 to PKR 750,000 | 1 to 4 years | Competitive, Fixed | – Bank Alfalah account holder | – No physical hassle or documentation – Instant loan disbursement via the ALFA app – Real-time loan installment calculator – Multiple repayment options: Auto Debit, Direct Debit, Cross Cheque, Cash payment at branches |
| HBL | PKR 25,000 to PKR 3,000,000 | 12 to 48 months | Not specified | – None Specified | – Top-up facility after 12 months – Life insurance coverage |
| Sarmaya Microfinance | PKR 2,000 to PKR 25,000 | 14 to 28 days (options available) | 608% – 834% | – None specified | – Fast approval and disbursement – Short-term loans for urgent needs – Overdue fee of 2.5% – Upcoming longer-term loan options: 28-Day and 60-Day EasyLoan |
Instant Cash Loan From NGOs (Interest-Free)
| NGO Name | Loan Types | Loan Amount Range | Special Features |
|---|---|---|---|
| Akhuwat Foundation | Small Business, Education, Agriculture, Emergency | Rs. 10,000 – Rs. 2,000,000 | Interest-free loans |
| Saylani Welfare Trust | Small Business, Education, Health Care, Emergency | Rs. 10,000 – Rs. 200,000 | Broad welfare programs, interest-free loans |
| Alkhidmat Foundation | Qarz-e-Hasna, Educational, Health Care, Microfinance | Rs. 10,000 – Rs. 100,000 | Multiple welfare initiatives |
| Chhipa Welfare Association | Qarz-e-Hasna, Educational, Health Care, Business | Rs. 10,000 – Rs. 50,000 | Focus on disaster management |
| The Hunar Foundation | Student, Business, Emergency | Not specified | Vocational training loans |
Recommended Reading: Instant Cash Loan In 1 Hour Without Documents In Pakistan
Emergency Cash Loan In Pakistan | FAQs
How to get an urgent cash loan in Pakistan within 1 hour?
Download any instant cash provider app e.g Fori Money App or Barwaqt. Sign in and apply for the money you need and get it within 1 hour on your Easypaisa or JazzCash account.
Mobile apps to get Urgent cash loans (In 5 Minutes)?
Certain apps provide urgent cash loans e.g. Barqat, Fori Money, Digikhata, and AI Cash, etc.
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