If you have an emergency and need an instant loan in Pakistan, you may be thinking you’ll never get it, as it seems nearly impossible to find an instant loan that quickly.
However, there are plenty of sources to get instant loans without documents, but they can also be incredibly easy to get approved for if you know the right source and apply in the right way.
If you need money fast but don’t want to pay high interest rates on an Instant loan. Here are the 3 best ways to get an instant loan of 50,000 in Pakistan within 24 hours or less.
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Instant Loan In Pakistan | Instant Cash Loan In Pakistan
Table of Contents
- Instant Loan In Pakistan | Instant Cash Loan In Pakistan
What Is An Instant Loan?
Instant cash loans are great for when you need quick cash. They offer the ability to borrow money from a lender and the repayment is due over a set period.
You can use personal loans for many different reasons, such as paying off credit card debt or buying a new car. An instant personal loan is a loan that you get right away, as opposed to waiting for your bank application to be processed which can take up to 2 weeks.
Instant Loan From Banks In Pakistan | Best Bank For Personal Loan In Pakistan
Many people need more than just their credit cards and student loans, and traditional loans can take time. One way to get money quickly is with a personal loan from a bank. But the decision comes down to which bank you choose.
Different banks offer various terms, fees, and interest rates; make sure you understand these before applying for your instant loan from banks.
List Of Best Banks For Instant Loan In Pakistan
Here is a list of top Banks that provide Instant loans in Pakistan to their users via their online banking apps or through direct applications by visiting their parent branch.
| Bank | Key Features | Loan Amount | Interest Rates | Repayment Terms |
|---|---|---|---|---|
| Standard Chartered Bank Pakistan | Instant loans, quick processing, customer convenience. | Up to PKR 2,000,000 | Starting from 16% | Flexible, up to 5 years |
| Meezan Bank | Sharia-compliant instant loans, hassle-free application. | Up to PKR 1,500,000 | Competitive rates as per Sharia | Up to 4 years |
| Bank Alfalah | Quick and convenient loan options, and competitive interest rates. | Up to PKR 2,000,000 | Starting from 15% | Up to 5 years |
| UBL – United Bank Limited | Tailored instant loan solutions, wide network, and online accessibility. | Up to PKR 2,000,000 | Starting from 16% | Flexible, up to 5 years |
| HBL – Habib Bank Limited | Instant loans for emergencies, well-established reputation, flexible terms. | Up to PKR 2,500,000 | Starting from 15.5% | Up to 5 years |
| Askari Bank | Minimal documentation, simplified application, and quick approvals. | Up to PKR 1,500,000 | Starting from 14.5% | Up to 4 years |
| MCB Bank – Muslim Commercial Bank | User-friendly online platform, smooth application process, instant loans. | Up to PKR 2,000,000 | Starting from 16.5% | Up to 5 years |
| Faysal Bank | Competitive interest rates, convenient application, and approval process. | Up to PKR 2,000,000 | Starting from 15% | Up to 5 years |
| Allied Bank | Instant personal and business loans, quick approval process. | Up to PKR 2,500,000 | Starting from 16% | Up to 5 years |
| Sindh Bank | Reasonable terms and conditions, customer-centric approach. | Up to PKR 1,500,000 | Starting from 14% | Up to 4 years |
Tip: If you don’t have a bank account apply through the account of a friend or one of your family members you can pay them later at the time of repayments of installments.
Instant Loan Via Welfare Organizations In Pakistan
Welfare organizations in Pakistan extend a helping hand by offering interest-free loans spanning from modest amounts to substantial sums. These loans, characterized by their interest-free nature, are designed to alleviate financial burdens. The application process is deliberately simplified, ensuring accessibility for those in need.
The prerequisites for obtaining these loans are kept uncomplicated, typically encompassing basic documentation such as a photocopy of the applicant’s CNIC and a pair of passport-sized photographs.
List Of Welfare Organizations In Pakistan That Provide Instant Loan
Here is a list of 10 well-known welfare organizations in Pakistan that are involved in providing financial assistance to individuals in need:
| Organization | Key Features | Loan Amount | Interest Rates |
|---|---|---|---|
| Edhi Foundation | Provides financial assistance based on individual needs. | Not specified based on needs. | 0% |
| Saylani Welfare International Trust | Offers financial support to those in need based on circumstances. | Not specified based on needs. | 0% |
| Akhuwat Foundation | Interest-free microloans for various needs, including education and business. | Not specified based on needs. | 0% |
| Chhipa Welfare Association | Provides financial aid based on individual circumstances. | Not specified based on needs. | 0% |
| Ansar Burney Trust | Offers support and financial assistance based on individual circumstances. | Not specified based on needs. | 0% |
| Sindh Rural Support Organization (SRSO) | Provides financial assistance based on individual and family needs. | Not specified based on needs. | 0% |
| Tameer-e-Millat Foundation | Offers financial support based on the specific needs of individuals and families. | Not specified based on needs. | 0% |
| Pakistan Bait-ul-Mal | Provides financial assistance and interest-free loans for various needs. | Not specified based on needs. | 0% |
| The Citizens Foundation (TCF) | Provides scholarships and educational support to deserving students. | Scholarships and educational support. | 0% |
| Dar-ul-Sukun | Offers financial aid based on individual needs and circumstances. | Not specified based on needs. | 0% |
Instant Loan By Mobile Apps In Pakistan
Online loan through mobile apps is the easiest way to get a loan without any hassle. You can apply online for the loan and process it on your mobile phone.
All you need is a valid phone number | a banking account, and a Pakistani ID card. If you do not have these things then we can help you get them as well!
Online loans are also risk-free because they are processed through secured servers. Once approved, they are transferred directly into your bank account within hours!
List of Instant Loan Apps in Pakistan
Here is a list of 50+ loan apps in Pakistan. Please read their reviews before applying for an instant loan via these loan apps.
| Service | Loan Amount | Interest Rates | Repayment Period |
|---|---|---|---|
| ZetaLoan | PKR 5,000 – PKR 50,000 | 2% – 5% per month | 3 – 12 months |
| Easy Loan | PKR 10,000 – PKR 100,000 | 2.5% – 6% per month | 3 – 24 months |
| B Cash | PKR 1,000 – PKR 50,000 | 2% – 4% per month | 1 – 12 months |
| CashPro-Immediate Approval | PKR 5,000 – PKR 75,000 | 2.5% – 5.5% per month | 3 – 18 months |
| Bee Cash | PKR 1,000 – PKR 25,000 | 2% – 4% per month | 1 – 6 months |
| Asan Qarz | PKR 5,000 – PKR 50,000 | 2.5% – 5% per month | 3 – 12 months |
| Swift Loans | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| Loan Credit Cash | PKR 1,000 – PKR 20,000 | 1.5% – 4% per month | 1 – 6 months |
| Udhar Paisa | PKR 5,000 – PKR 75,000 | 2% – 5% per month | 3 – 12 months |
| Loanclub | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| Fori Qarz Online Personal Loan | PKR 1,000 – PKR 50,000 | 2% – 5% per month | 1 – 12 months |
| Superb Loans | PKR 5,000 – PKR 75,000 | 2.5% – 5.5% per month | 3 – 18 months |
| Fair Loans | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| Qarza Pocket -Personal Funds | PKR 1,000 – PKR 25,000 | 2% – 4% per month | 1 – 6 months |
| MyCash | PKR 5,000 – PKR 50,000 | 2.5% – 5% per month | 3 – 12 months |
| Harsha Tube – Quick Money | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| Asaan Qarza- credit loans | PKR 1,000 – PKR 20,000 | 1.5% – 4% per month | 1 – 6 months |
| Bonga | PKR 5,000 – PKR 75,000 | 2% – 5% per month | 3 – 12 months |
| TiCash | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| Galaxay Loan | PKR 1,000 – PKR 50,000 | 2% – 5% per month | 1 – 12 months |
| Fori Instant Loans | PKR 5,000 – PKR 75,000 | 2.5% – 5.5% per month | 3 – 18 months |
| Rico Box – Easy Apply Online | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| PK Loan | PKR 1,000 – PKR 25,000 | 2% – 4% per month | 1 – 6 months |
| QuickCash | PKR 5,000 – PKR 50,000 | 2.5% – 5% per month | 3 – 12 months |
| Loan Credit Cash | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| AiCash | PKR 1,000 – PKR 20,000 | 1.5% – 4% per month | 1 – 6 months |
| ZetaLoan- Easy Credit Wallet | PKR 5,000 – PKR 75,000 | 2% – 5% per month | 3 – 12 months |
| Aasan Lab – Easy Apply for Money | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| Sallam Loan – Online Loan App | PKR 1,000 – PKR 50,000 | 2% – 5% per month | 1 – 12 months |
| Yocash | PKR 5,000 – PKR 75,000 | 2.5% – 5.5% per month | 3 – 18 months |
| CashMate | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| 567 Speed Loan | PKR 1,000 – PKR 25,000 | 2% – 4% per month | 1 – 6 months |
| Barwaqt | PKR 5,000 – PKR 50,000 | 2.5% – 5% per month | 3 – 12 months |
| Easy Mobile Loans | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| Credit Cat | PKR 1,000 – PKR 20,000 | 1.5% – 4% per month | 1 – 6 months |
| LendHome | PKR 5,000 – PKR 75,000 | 2% – 5% per month | 3 – 12 months |
| BG Loan | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| CashIt | PKR 1,000 – PKR 50,000 | 2% – 5% per month | 1 – 12 months |
| Whal | PKR 5,000 – PKR 75,000 | 2.5% – 5.5% per month | 3 – 18 months |
| CashCredit-Online Loan money bee | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| CashBeam | PKR 1,000 – PKR 25,000 | 2% – 4% per month | 1 – 6 months |
| Mrloan | PKR 5,000 – PKR 50,000 | 2.5% – 5% per month | 3 – 12 months |
| RoboCash | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 24 months |
| PK Loan | PKR 1,000 – PKR 20,000 | 1.5% – 4% per month | 1 – 6 months |
| Zenn Park -Easy Instant Help | PKR 5,000 – PKR 75,000 | 2% – 5% per month | 3 – 12 months |
| HamdardLoan | PKR 10,000 – PKR 100,000 | 3% – 6% per month | 3 – 12 months |
Pros And Cons Of Getting An Instant Loan In Pakistan
Pros Of Getting An Instant Loan In Pakistan
- Quick Access to Funds: Instant loans provide rapid access to much-needed funds, helping individuals address urgent financial requirements such as medical expenses, home repairs, or unexpected bills without delay.
- Convenience and Accessibility: The streamlined application process of instant loans, often available online, makes them convenient for busy individuals. Applicants can apply from the comfort of their homes and receive approval within a short timeframe.
- Flexible Eligibility Criteria: Many instant loan providers offer flexible eligibility criteria, allowing a broader range of individuals, including those with limited credit history, to secure funds when needed.
Cons Of Getting An Instant Loan In Pakistan
- Higher Interest Rates: Instant loans frequently come with higher interest rates compared to traditional loans, potentially leading to increased overall repayment amounts over the loan term.
- Risk of Over-borrowing: The ease of obtaining instant loans might encourage individuals to borrow more than necessary, leading to potential financial strain in the future due to larger repayments.
- Debt Cycle Possibility: If not managed carefully, instant loans can lead to a cycle of debt, especially if borrowers struggle to make timely repayments due to the shorter repayment periods and higher interest rates.
FAQs | Instant Loan In Pakistan
What are the top 3 banks in Pakistan to get Instant Loan In Pakistan?
Bank Alfalah, HBL, and Meezan Bank Pakistan are the top 3 Banks to get Instant
Loans in Pakistan.
What are the top 3 credit cards for getting an instant loan in Pakistan?
Standard Chartered Bank, JS Bank, and Meezan Bank are the best banks and credit
card providers to get instant loans in Pakistan.
What are the top 3 mobile apps for getting an instant loan in Pakistan?
MobiCash, Zeta Loan, and Barwaqt are the top 3 Credit cards to get an Instant Loan
In Pakistan.
How do I apply for an instant loan?
Applying for an instant loan is typically done online through the lender’s website or mobile app. You’ll need to provide personal and financial information, and in some cases, submit documents like your CNIC copy and photographs. The application process is usually quick and user-friendly.
What are the eligibility criteria for instant loans?
Eligibility criteria can vary among lenders, but common requirements include being of legal age (18 or 21), having a steady source of income, and having a valid CNIC. Some lenders might consider your credit history, while others focus more on your repayment capacity.
What are the risks of taking an instant loan online?
While instant loans offer quick relief, they can also come with higher interest rates, potentially leading to higher overall repayment amounts. There’s also a risk of over-borrowing or falling into a debt cycle if not managed responsibly.
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