10 Pakistani Banks Offering Personal Loan For Wedding | Marriage Loan

Q: Which Pakistani Bank has the lowest interest rates among all?

Meezan Bank among all Pakistani Banks has the lowest interest rates.

Q: How I can get an Interest-free wedding loan in Pakistan?

Akhuwat Foundation and Thardeep Micro Finance Foundation give interest-free wedding loans to Pakistani nationals across the country.

A wedding is a special event that holds great significance in the lives of couples and their families. It is a time of joy and celebration, but it can also be quite expensive.

With the rising costs of wedding expenses, many people in Pakistan are turning to personal loans to help finance their big day.

In Pakistan, several banks offer personal loans specifically designed to help individuals cover the expenses associated with weddings.

Marriage loans can be a convenient way to finance your dream wedding and make it a memorable occasion without putting a strain on your finances.

In this article, we will explore 10 Pakistani banks that offer personal loans for weddings, their features, and eligibility criteria to help you make an informed decision when selecting a loan provider.

Personal Loan For Wedding | Marriage Loan In Pakistan

Here are 10 Pakistani banks offering personal loans to help with your wedding expenses to help make your once-in-a-lifetime event memorable.

Personal Loan For Wedding | Marriage Loan In Pakistan

Bank Of Punjab

Bank of Punjab provides personal loans for weddings in Pakistan with a duration of 3 to 12 months and a maximum amount ranging from Rs.500,000 to 1,500,000.

Applicants must be 18 years or older and need to provide some documents like an ID card, passport, NADRA Card, etc., collateral is also required in some cases.

Bank of Punjab offers a one-day service as it takes approximately 2 hours to complete all formalities at any of its branches across Pakistan.

If approved by the bank manager borrower can get his/her money on the same day after submitting the necessary documents and getting them approved by concerned officers.

Bank Of Punjab Personal Loan For Wedding Key Features

Here are the key features of the Bank of Punjab’s wedding loan:

Flexible Tenure: The loan tenure for Bank of Punjab’s wedding loan ranges from 1 to 5 years, providing you with the flexibility to choose a repayment period that best suits your financial situation.
Fixed Mark Up: Bank of Punjab offers a fixed markup rate for the complete tenure of the loan, which means you can plan your finances accordingly without worrying about any sudden changes in interest rates.
Easy Monthly Installments: Bank of Punjab’s wedding loan provides the convenience of easy monthly installments, enabling you to repay the loan in a comfortable manner without putting undue pressure on your finances.
Financing Limits: Bank of Punjab offers financing limits ranging from Rs. 50,000 to Rs. 1,000,000, providing a broad range of loan amounts to choose from depending on your specific needs.
No Pre-Payment Penalty: Bank of Punjab’s wedding loan comes with the advantage of no pre-payment penalty, allowing you to pay off the loan earlier than the agreed tenure without incurring any additional charges.
Minimum Documentation: With the Bank of Punjab’s wedding loan, you can avail of the loan with minimum documentation, making the loan application process hassle-free and straightforward.
Life Assurance: Bank of Punjab also provides life assurance for the loan, which ensures that the loan is paid off in case of any unforeseen circumstances, providing peace of mind to you and your loved ones.

In summary, the Bank of Punjab’s wedding loan offers a range of flexible and convenient features, making it an excellent choice for those looking to finance their dream wedding without putting undue financial stress on themselves.

MCB Bank

When it comes to Personal Loan for Wedding MCB Bank is offering a personal loan of up to PKR 50,000 to PKR 2 Million over a period of 04 years.

So if you are looking for wedding loans then MCB Bank is the best option in Pakistan. You can apply for MCB Bank Personal Loan Online by visiting its official website.

You must submit your documents personally or through a courier service 2 days from applying process.

This facility is available only in Karachi & Lahore Regions. Other regions will be added soon after approval from the head office.

MCB Personal Loan For Wedding Key Features

Here are the key features of the MCB personal loan for weddings:

Loan Amount: The MCB personal loan for weddings offers a minimum loan amount of PKR 50,000, providing a range of financing options to meet the specific needs of borrowers. The maximum loan amount available is up to PKR 2 million, making it an excellent option for those looking to cover their wedding expenses without worrying about insufficient funds.
Tenure: MCB’s wedding loan provides a flexible repayment tenure, ranging from 1 year to 4 years. This feature allows borrowers to choose a repayment period that is comfortable and convenient for them, making it easier to plan and manage their finances accordingly.
No Collateral Required: MCB’s personal loan for weddings does not require any collateral, making it easier for borrowers to access the funds they need without the hassle of providing additional security.
No Processing Fee: MCB does not charge any processing fee for the loan application. This feature means that applicants can apply for the loan without any upfront fees, making the process more affordable and accessible.
Fast Approval Process: MCB’s personal loan for weddings has a fast approval process, which means that borrowers can receive the funds they need quickly and easily, without any delays or hassles.

In summary, MCB’s personal loan for weddings offers a range of flexible and convenient features, making it an excellent option for those looking to finance their wedding expenses.

With no collateral required, flexible repayment tenure, and a fast approval process, MCB’s personal loan for weddings provide a hassle-free and affordable solution for borrowers.

United Bank Limited

UBL-Personal-Loan-For-Wedding-Key-Features

UBL is a bank with more than 100 branches all over Pakistan and it also offers personal loans. According to their website, they provide services to people who wish to make a personal loan ranging from PKR 500,000 – to PKR 3 Million.

The process of getting a loan is quite simple, but only if you meet certain requirements. You must be at least 21 years old and have had an account with UBL for the last two years or more.

If you fulfill these requirements then you may apply for a loan by visiting your nearby branch or calling on 0311-9230161.

They will ask you about your monthly income and will verify that as well. Once everything is verified, they will give you a loan amount within 24 hours of applying.

They don’t charge any interest rates so there’s no hidden cost involved in getting a loan from UBL. This makes it one of the best banks that offer personal loans for weddings in Pakistan.

UBL Personal Loan For Wedding Key Features

Here are the key features of the UBL Personal Loan for weddings:

Loan Amount: UBL offers a maximum limit of up to Rs. 3 million for its personal loan for weddings. This feature allows borrowers to access a higher loan amount to cover their wedding expenses without worrying about insufficient funds.
Tenure: The UBL personal loan for weddings offers a flexible repayment tenure, ranging from 1 year to 4 years. This feature allows borrowers to choose a repayment period that suits their financial situation, making it easier to manage their finances.
Quick Processing: UBL’s personal loan for weddings has a fast processing time, enabling borrowers to receive their funds quickly and easily. This feature makes it an excellent option for those who need to finance their wedding expenses quickly.
Competitive Rates: UBL’s personal loan for weddings offers competitive interest rates, making it an affordable option for borrowers. This feature enables borrowers to save money on interest charges, making it easier to manage their finances.
Flexible Repayment Terms: The UBL personal loan for weddings offers flexible repayment terms, providing borrowers with the flexibility to repay the loan amount in a manner that suits their financial situation. This feature helps borrowers to plan their finances better and manage their expenses more effectively.
Complimentary Credit Insurance: UBL’s personal loan for weddings comes with complimentary credit insurance, providing borrowers with financial security and peace of mind. This feature ensures that in the event of an unforeseen circumstance, the loan will be paid off, relieving the borrower and their family of any financial burden.
Processing Fee on Approval: UBL charges a processing fee on approval of the personal loan for weddings. This fee is only charged once the loan has been approved, making it an affordable option for borrowers.

Habib Bank Limited

HBL offers wedding loans up to Rs1 million at an interest rate of 15.7% per annum. Eligibility criteria: You must be employed, have no other outstanding loans with HBL, and have a minimum salary of Rs40,000.

Customers can also get collateral-free loans up to Rs300,000 under a microfinance program for weddings being run in Islamabad and Rawalpindi in collaboration with City Microfinance Bank Limited (CMBL).

For these customers, loan tenors are between three months and two years and are available from HBL’s branch network or CMBL branches in specified locations.

HBL Personal Loan For Wedding Key Features

Here are the key features of the HBL personal loan for weddings:

Financing Limit: The HBL personal loan for weddings offers a financing limit ranging from PKR 25,000 to PKR 3,000,000. This feature ensures that borrowers have access to sufficient funds to cover their wedding expenses, regardless of their financial situation.
Repayment Tenure: The HBL personal loan for weddings offers flexible repayment tenure ranging from 12 to 48 months. This feature allows borrowers to choose a repayment period that suits their financial situation, making it easier to manage their finances.
Top-Up Facility: HBL provides a top-up facility after every 12 months, enabling borrowers to access additional funds to cover any additional wedding expenses. This feature provides flexibility to borrowers who need to finance their wedding expenses beyond their initial loan amount.
Life Insurance Coverage: HBL’s personal loan for weddings comes with life insurance coverage, ensuring that in the event of unforeseen circumstances, the loan amount will be paid off, providing peace of mind and financial security to the borrower and their family.

Bank Of Khyber

This bank has launched a personal loan scheme for weddings and offers competitive interest rates on its wedding loans.

The Bank of Khyber offers short-term and long-term loans ranging from Rs50,000 to Rs200,000, with an 18% interest rate on loans up to two years and a 25% interest rate beyond that period.

But borrowers can lower their rates by choosing longer repayment periods – if you go with a 36-month repayment term you’ll pay 11%.

The Bank of Khyber requires no collateral but takes into account your profession and income when making credit decisions.

There are certain prerequisites that must be met before you apply for a loan at The Bank of Khyber:

· Be at least 21 years old;
· Be employed;
· Have a steady source of income; and, have been working for at least six months;

Be registered as an individual (not as part of a business) with tax returns filed and submitted to NADRA or any other Government Authority/Bank in Pakistan within 6 months prior to applying for finance.

Bank Of Khyber Personal Loan For Wedding Key Features

Here are the key features of the Bank of Khyber personal loan for weddings:

Financing Limit: The Bank of Khyber personal loan for weddings provides a financing limit of up to PKR 2.0 million, which is equal to 15 net take-home salaries. This feature ensures that borrowers have access to sufficient funds to cover their wedding expenses.
Repayment Period: The Bank of Khyber personal loan for weddings offers a maximum period of finance of up to 4 years (monthly installment), making it easier for borrowers to manage their finances.
Compulsory Life Insurance: The Bank of Khyber’s personal loan for weddings comes with compulsory life insurance up to the loan amount. This feature ensures that in the event of unforeseen circumstances, the loan amount will be paid off, providing peace of mind and financial security to the borrower and their family.
Balance Transfer Facility: The Bank of Khyber personal loan for weddings offers a balance transfer facility from other banks, enabling borrowers to transfer their existing loan to the Bank of Khyber for better rates and terms.
Top-up Facility: Bank of Khyber provides a top-up facility after 1 year, enabling borrowers to access additional funds to cover any additional wedding expenses. This feature provides flexibility to borrowers who need to finance their wedding expenses beyond their initial loan amount.
Partial and Pre-mature Adjustments: The Bank of Khyber personal loan for weddings allows partial and pre-mature adjustments, enabling borrowers to repay their loan partially or in full before the end of the loan tenure, reducing the overall interest cost.

Recommended Reading: Al-Khidmat Foundation Loan (25K-1Lakh) {Interest-free}

Standard Chartered Bank

Weddings are often considered to be one of the most memorable and cherished events in a person’s life, but planning for a wedding can also be a significant financial burden.

From venue rentals to catering, photography, and other essential services, the costs can quickly add up.

In such cases, a wedding loan can be a valuable solution to help finance the expenses and ease the financial burden.

Standard Chartered Bank is one such institution that offers wedding loans with flexible repayment terms, competitive interest rates, and quick disbursals.

Standard Chartered Personal Loan For Wedding Key Features

Here are the key features of the Standard Chartered personal loan for weddings:

Instant Decision: Standard Chartered offers an instant decision when you apply online for a personal loan for a wedding. This feature ensures a quick and hassle-free loan application process for borrowers.
Financing Limit: Standard Chartered provides personal loans for weddings with a financing limit of up to PKR 50 lacs. This feature ensures that borrowers have access to sufficient funds to cover their wedding expenses.
Interest Rates: The interest rates for Standard Chartered personal loans for weddings start from 11.5%* onwards. This feature ensures that borrowers can benefit from competitive rates and save money on interest payments.
Hassle-free Documentation: Standard Chartered offers a hassle-free documentation process, ensuring that borrowers can apply for their personal loan for a wedding with ease.

Allied Bank Limited

Allied Bank is one of Pakistan’s most well-known banks, and they offer loans as part of their comprehensive range of products.

They can provide a personal loan of up to PKR. 30,000/- to PKR. 3,000,000, with a tenure of up to 1 to 5 years. You can apply online or by visiting any branch in Pakistan.

If you live abroad, you may find it easier to apply by post. The bank has over 100 branches in major cities all over Pakistan, as well as offices overseas including London and Abu Dhabi.

On average, approval takes 5 days; once approved you should have your money in your account within a week.

Allied Bank Limited Personal Loan For Wedding Key Features

Here are the key features of the Allied Bank Limited personal loan for weddings:

Easy Repayment: Allied Bank Limited offers a personal loan for weddings that can be repaid in equal monthly installments. This feature ensures that borrowers can plan their wedding expenses without worrying about lump sum payments.
Flexible Repayment Period: Borrowers have the flexibility to choose a repayment period of 1 to 5 years. This feature ensures that borrowers can choose a repayment period that suits their financial situation and budget.
Financing Limit: The loan amount offered by Allied Bank Limited for weddings ranges from PKR. 30,000/- to PKR. 3,000,000/-. This feature ensures that borrowers have access to funds that can cover their wedding expenses.
Simple Documentation: Allied Bank Limited offers a simple and easy documentation process, ensuring that borrowers can apply for their personal loan for a wedding without any hassle.
No Hidden Costs: The personal loan for weddings offered by Allied Bank Limited comes with no hidden costs. This feature ensures that borrowers are aware of all the costs associated with their loan upfront.
Low Markup Rate: The personal loan for weddings offered by Allied Bank Limited comes with a low markup rate. This feature ensures that borrowers can benefit from competitive rates and save money on interest payments.

Recommended Reading: PM Youth Program: Green Youth Movement (Projects+Features)

JS Bank

JS Bank is a nationalized bank that offers personal loans for weddings starting at PKR. 50,000 up to PKR. 2 Million.

To qualify for these loans, borrowers must be existing account holders with JS Bank and have a regular income (the lender requires two years of salary slips as proof).

JS Bank offers a maximum rate of interest on wedding loans that varies from 9% p.a to 12% p.a., depending on your loan amount and the repayment period.

The minimum monthly installment is Rs.5,000 per month and there’s no collateral required for these loans.

A processing fee of 2% will apply. Repayment periods are one year or three years (three-year loans have a slightly higher interest rate than one-year loans).

There are additional charges for early settlement/prepayment. For more information about JS Bank’s wedding loan scheme, visit their website.

JB Bank Personal Loan For Wedding Key Features

Here are the key features of the JB Bank Personal Loan for Wedding:

Financing Facility: JB Bank offers a financing facility for wedding expenses starting from PKR. 50,000 up to PKR. 2 Million. This feature ensures that borrowers have access to funds to cover their wedding expenses.
Flexible Repayment Period: The repayment tenure offered by JB Bank for the personal loan for weddings ranges from 1 to 4 years. This feature ensures that borrowers can choose a repayment period that best suits their financial situation.
No Security/Collateral Required: JB Bank does not require any security or collateral for a personal loan for weddings. This feature ensures that borrowers can access funds without the need for any additional security.

Recommended Reading: Kamyab Jawan Program Online Apply (Funds+Trainings)

Meezan Bank

Meezan Bank is offering a personal loan of up to Rs.15 million at competitive rates. The minimum amount required to apply for a personal loan through Meezan Bank Ltd. is PKR 10,000, while the maximum amount you can borrow is PKR 15 million.

Meezan Bank Ltd’s loan disbursement procedures are fast and flexible, with loans starting from monthly installment amounts of as little as PKR 2,500.

The loan-to-value ratio offered by Meezan Bank Ltd. ranges from 50% to 75%, depending on your circumstances.

So if you need a large sum of money and are able to offer significant equity or collateral, then you may qualify for a lower rate than those listed above.

To find out more about how much you could save with Meezan Bank Ltd., simply click here.

Meezan Bank Personal Loan For Wedding Key Features

Here are the key features of Meezan Bank Personal Loan for Wedding:

Shariah-Compliant Financing: Meezan Bank offers Shariah-compliant financing based on the concept of Musawwamah. This feature ensures that the financing is compliant with Islamic principles and provides peace of mind to borrowers who seek Shariah-compliant financing.
Easy Installment Options: Meezan Bank offers easy installment options for 6 to 24 months, allowing borrowers to choose a repayment plan that suits their financial situation. This feature ensures that borrowers can make timely payments without putting additional strain on their finances.
Financing for Durable Goods: Meezan Bank provides financing for the purchase of durable goods, which is valid for 3 years. This feature allows borrowers to cover their wedding expenses while also financing the purchase of long-lasting goods such as home appliances or furniture.
Financing Limit: The financing limit for Meezan Bank Personal Loan for Wedding ranges between a minimum of PKR 35,000/- up to a maximum of PKR 1,000,000/-. This feature ensures that borrowers can access the required financing to cover their wedding expenses without having to worry about arranging for additional funds.

Recommended Reading: Student Loan In Pakistan For Abroad Study (Interest-free)

Bank Alfalah

Bank Alfalah is one of the most prominent banks in Pakistan, offering a wide range of financial products and services to its customers.

Among these products, Bank Alfalah Personal Loan for Wedding is a popular choice for those who are planning their wedding.

This is where Bank Alfalah’s Personal Loan for Wedding comes in, providing a hassle-free solution for those who need financial assistance for their wedding.

The loan can help individuals cover expenses related to the wedding, including venue, catering, decorations, and other miscellaneous expenses.

Bank Alfalah Personal Loan For Wedding Key Features

Here are the key features of Bank Alfalah Personal Loan for Wedding:

Financing Facility: Bank Alfalah provides a financing facility for wedding expenses ranging from PKR 50,000 to PKR 3 million.
Tenure: The tenure of the loan can be chosen according to the borrower’s convenience, ranging from 1 to 4 years.
No Security/Collateral Requirement: Bank Alfalah Personal Loan for Wedding doesn’t require any security or collateral.
Complimentary Offers: Bank Alfalah offers complimentary benefits upon sign-up for their personal loan, which may include discounts or other perks.
Fixed and Variable Pricing: The borrower can choose between fixed and variable pricing options for the loan. The fixed pricing option ensures that the rate of interest remains the same throughout the loan tenure, while the variable pricing option allows for fluctuations in the interest rate.

All You Need To Know About Personal Loan For Wedding (Q&A)

10-Pakistani-Banks-Offering-Personal-Loan-For-Wedding

Which one bank is best for marriage loan in Pakistan?

For marriage loans in Pakistan, many people find The Bank of Punjab to be a great option. They offer loans from PKR 0.5 million to PKR 1.5 million, with a repayment time of 1 to 5 years. Plus, the interest rate stays the same for the whole repayment period, making it easier to plan your finances.

Which foundation in Pakistan gives loans for marriage without interest?

In Pakistan, Akhuwat Islamic Microfinance is a foundation that provides interest-free loans for marriage. This organization aims to fight poverty by offering interest-free loans for various purposes like education, healthcare, housing, and marriage. They offer marriage loans ranging from 50k to 200k without any interest.

Do banks give loans for weddings and how much loan give?

Yes, many banks offer personal loans specifically for weddings in Pakistan. Here are the top 3 banks offering personal loans for weddings:

Bank of Punjab: Bank of Punjab offers personal loans for weddings with a tenure of 1 to 5 years, financing limits ranging from PKR 50,000 to PKR 1,000,000, and no pre-payment penalty.

MCB Bank: MCB Bank offers personal loans for weddings with a minimum loan amount of PKR 50,000 and a maximum loan amount of up to PKR 2 million. The tenure for repayment ranges from 1 year to 4 years, and no collateral is required.

UBL Bank: UBL Bank offers personal loans for weddings with a maximum limit of up to PKR 3 million and a tenor ranging from 1 to 4 years.

Personal Loan For Wedding FAQs

Which Pakistani Bank has the lowest interest rates among all?

Meezan Bank among all Pakistani Banks has the lowest interest rates.

How I can get an Interest-free wedding loan in Pakistan?

Akhuwat Foundation and Thardeep Micro Finance Foundation give interest-free wedding loans to Pakistani nationals across the country.

What is a personal loan for a wedding?

A personal loan for a wedding is a type of loan offered by banks to help cover the expenses related to a wedding, such as venue booking, catering, and other related expenses.

What is the financing limit for a personal loan for a wedding?

The financing limit for a personal loan for a wedding varies from bank to bank. The range starts from PKR 25,000 to PKR 3,000,000, depending on the bank.

What is the repayment tenure for a personal loan for a wedding?

The repayment tenure for a personal loan for a wedding varies from 1 to 5 years, depending on the bank.

What is the interest rate for a personal loan for a wedding?

The interest rate for a personal loan for a wedding varies from bank to bank and is generally between 11.5% and 21%.

What is the maximum loan amount for a personal loan for a wedding?

The maximum loan amount for a personal loan for a wedding varies from bank to bank, with some banks offering up to PKR 3 Million and others up to PKR 50 lacs.

If you like this article, please comment and share this article with others on Facebook, WhatsApp, or any other platform.

If you have any questions contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment, we would love to answer all of your queries. Thanks for reading!

Personal Loan