Top 5 Banks To Get Personal Loan In Pakistan (Review)

Personal Loan In Pakistan: In order to understand which bank offers the best personal loans in Pakistan, you must first consider what they are and how they work.

Personal loan in Pakistan differs from other types of loans in that it has more flexible terms and can be paid back over a longer period of time usually up to 5 years.

A personal loan in Pakistan is also typically cheaper than other types of loans, such as mortgages or car loans, because it has less stringent requirements and generally doesn’t require collateral.

If you want to get a personal loan in Pakistan and don’t know where to get it and which bank is best for you. Then there is a detailed review of the top 5 banks to get personal loans.

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Top 5 Banks To Get Personal Loan In Pakistan | Private Loan Lenders In Pakistan


Table of Contents

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What Are Personal Loans?

For most of us, a loan is money we borrow. But that’s not quite true with personal loans. The distinction is minor but important:

A personal loan in Pakistan is unsecured, which means there isn’t collateral behind it. A bank will lend you money because they believe your income and expenses are enough to pay back that debt.

If you need financing and don’t have enough liquid cash available to do it or if you have some sort of asset you can use as collateral it might be better to apply for a home equity loan or line of credit instead.

State Bank Of Pakistan (SBP)

The State Bank of Pakistan offers personal loans. The bank’s average processing time is three days and annual interest rates are between 15% and 19%.

Requirement for LoanSBP card is required for both personal and business loans
Interest RatesVariable interest rates for personal loans, which can change based on market conditions. Typically higher than fixed-rate loans but offer flexibility
Loan AmountVaries depending on the borrower’s creditworthiness and the bank’s policies
Repayment TermsTypically, repayment terms are flexible, allowing for extra payments to lower the monthly payment or pay off the loan faster
State Bank of Pakistan (SBP) DetailsOne of Pakistan’s largest banks with 39 branches, 54 ATMs, and around 1,200 service outlets across Pakistan
Loan TypeNo-frills personal loans offered by State Bank of Pakistan
Eligibility CriteriaPakistani citizenship required (foreigners ineligible), residency in Pakistan for at least three years before applying, and a clear credit history
Loan Amount and Interest RateVaries depending on the bank’s policies and the borrower’s creditworthiness. Interest rates may range from 11% to 20% for personal loans. Business loan rates may vary.
Table: State-Bank-Of-Pakistan

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Muslim Commercial Bank (MCB)


MCB is one of the largest banks in Pakistan, and they have a variety of personal loan in Pakistan options available. Their loans range from PKR 500,000 to PKR 100 million, so there’s something for everyone.

Loan TypesPersonal loans, business loans, and car financing are available
Interest RatesInterest rates range from 12% to 24% annually, depending on creditworthiness and payment history
Loan AmountVaries based on the borrower’s creditworthiness and the type of loan applied for. Generally, loans range from PKR 500,000 to PKR 100 million.
Repayment PeriodLoan lengths range from 12 to 36 months for personal loans
Repayment ScheduleFlexible repayment schedule
Application ProcessSimple and quick application process, either online or over the phone
Document SecurityAssured security of all documents handled by MCB staff during the application process
Customer ServiceStrong customer service provided by MCB
RecommendationMCB offers competitive interest rates, flexible repayment terms, and a straightforward application process, making it a good option for personal loans in Pakistan.

National Bank Of Pakistan (NBP)

The National Bank of Pakistan is the best bank when it comes to offering personal loans to its clients. With a wide range of financial products and services, from consumer loans to credit cards, NBP has what you need to take control of your finances.

Loan TypesPersonal loans, including consumer loans and credit cards
Interest RatesInterest rates starting at 16.3% annually
Loan AmountUp to 1,000,000 rupees (approximately $9,600)
Repayment PeriodLoan terms range from one to five years
Collateral RequirementNo collateral is required for personal loan in Pakistan.
Application ProcessOnline application available for convenience
Account RequirementA checking account with NBP or an affiliated bank
Approval CriteriaBased on repayment history, credit score, and employment status; self-employed applicants require a business plan
Repayment FrequencyPayments are due once every six months; periodic statements are provided during repayment
Late Payment FeesLate payments may result in additional fees
Customer ServiceWorld-class customer service provided by NBP
RecommendationWith competitive interest rates, longer loan durations, flexible repayment options, and no collateral requirement, NBP personal loans offer convenience and affordability for borrowers in Pakistan.
Table: National-Bank-Of-Pakistan

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Habib Bank Of Pakistan (HBL)

Habib Bank Limited (HBL) is considered to be one of the best banks for personal loans in Pakistan. Because it has a long tradition and history of over 60 years.

Loan TypesPersonal loans
Loan AmountVaries based on individual eligibility and requirements
Interest RatesCompetitive interest rates
Repayment PeriodFlexible repayment periods
Branch Network111 branches across major cities in Pakistan
Customer Service24/7 customer support via phone, email, and mobile banking apps
RecommendationWith its long history, wide branch network, competitive interest rates, and flexible repayment options, HBL offers convenient and accessible personal loan in Pakistan to customers in Pakistan.
Table: Habib-Bank-Of-Pakistan

JS Bank

JS Bank is the best bank for personal loan in Pakistan. The bank has a wide range of financial products, including home and vehicle loans, education loans, personal financing solutions, and more.

Loan TypesPersonal loans
Interest RateA flat rate of 9% for all loan amounts
Processing Fee0.5% of the loan amount
Government Tax3% of the loan amount
Repayment PeriodFlexible repayment options
Upfront Payment20-25% of the loan amount upfront
Online BankingEasy online banking services
Customer ServiceResponsive customer service via email or phone calls
RecommendationWith a flat interest rate of 9% for all loan amounts and easy online banking services, JS Bank offers competitive rates and convenience for personal loans in Pakistan.
Table: JS-Bank

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FAQs | Personal Loan In Pakistan

Which bank gives Personal Loan In Pakistan at the lowest interest rates?

Meza Bank in Pakistan gives personal loan in Pakistan at the lowest interest rates through the car financing service IJARA (Leasing).

How much loan I can get if my salary is 50,000 (For 5 Years)?

You could get probably 1,000,000 to 1,500,000 Lakhs easily for 5 years if your salary is 50,000

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