How to Get a Loan from Any Pakistani Banks For Personal or Business Use

Everyone has a plan to do something in life. Some people want to build their own house, some want to buy a car, some want to start their own business but they can’t do that do this because of financial problems. If you don’t have enough resources to do something in life or to start your own business or buy your own house and you want to fulfill your dreams then you can do that by taking loans from banks.

There are a lot of banks available in Pakistan that offer their customers loans. So today we will tell you all the ways to get loans from different banks in Pakistan.

Benefits to get a loan from Bank:

• Low Interest rate

Mostly the interest rates in the banks are low as compare to any other loan providers.

• Flexibility in loan

You can also flexible your loan from the bank. You can take more loans as well. Also, you can extend the date of the loan from the bank.

• Maintain control

Banks also know how to maintain control of the loan. There are many loan suppliers or providers available but they don’t know how to control and maintain the borrowers.

Best Banks to Get a loan in Pakistan:

1. Standard Chartered bank
2. Habib Bank Limited (HBL)
3. Bank Alfalah
4. Faysal Bank
5. Muslim Commercial Bank (MCB)
6. SILKBANK
7. Summit Bank
8. National bank Pakistan NBP Saibaan

Here’s how you can get loan from different banks in Pakistan:

How to get a Loan from Standard Chartered Bank:

Standard chartered bank provides many amazing loans to customers. They provide you loans on very easy payment, affordable interest rates, and different types of loans for your financial needs.

Loans features:

• Everyone can get a loan from Standard Chartered bank.
• Loans are available in all the ranges with the repayment option between 1 to 5 years.
• Affordable interest rate.
• Loan up to 2 million.
• No security or guarantors needed.
• Quick processing with easy documents requirements.

Requirements and Eligibility Criteria :

To apply for the loan in Standard Chartered bank, you need a valid copy of Identity ( CNIC ) and a salary slip.

To get the loan the minimum age required for Business Persons and Self – Employed Professionals are 21 years old and the maximum age should not more than 65 years old.

Calculation of Installment:

If you want to calculate the payment of the installment of a personal loan then you need to multiply the amount that you borrow from the bank by related numbers given below:

Terms & conditions:

Following are some of the terms & conditions or frequently ask questions ( FAQs ) regarding Standard chartered bank.

How to get a Loan from HBL bank:

Habib Bank Limited is one of the oldest banks in Pakistan that offers amazing loan schemes to their customers. It also allows you to apply for the loan from HBL mobile app. The loans of HBL are flexible and easy requirements.

Loan features:

• Coverage for life insurance.
• Allows you to get a loan between PKR 25,000 to PKR 3,000,000.
• Allows you to repay your payment between 12 to 60 months.
• Also allows you the top-up facility after the year.         

Requirements and Eligibility Criteria :

Those people can take the loan from HBL banks whose salary is credited in HBL bank accounts. To get the loan the minimum age required for Business Persons and Self – Employed Professionals are 21 years old and the maximum age should not more than 60 years old.

• You need to submit a copy of the CNIC.
• Also, submit the verified salary slip.
• Employee letter if required.

How to get Loan from HBL bank:

• First of all, go to the official website of HBL bank by clicking on the given link http://hbl.com/applyforpl.
• There you will see the form.
• All you need to fill in the required information.

• After that click on the option of submit.

In order to get the loan physically then simply go to the branch of HBL bank and then submit the required documents there.

How to get a Loan from Bank Alfalah:

Bank Alfalah is another one of the most famous banks in Pakistan. Their loan schemes are also very awesome and flexible.

Loan Features:

• No security or guarantor required.
• Allows to gets a loan between PKR. 50,000 up to PKR. 2 Million.
• Allows you to repay your amount between 1 Year to 5 Years.
• Honorary price on sign-up.

Requirements and Eligibility criteria :

• Valid Copy of CNIC.
• Application form with a sign.
• Bank statement of 6 months.
• Salary slip for salaried persons.
• Proof of the business for business-related persons.

Charges Schedule:

If you want to check the Schedule Of Charges, then you need to go the official website and download the file from there.

Product Offering:

In order to get the loan from Bank Alfalah, you need to visit the nearest branch of Alfalah bank and submit the required documents in the bank.

How to get Loan from Faysal Bank:

Faisal bank let their customers to get the loan with their best services and with affordable interest rates.

Loan features:

• Allows to gets a loan between PKR. 50,000 up to PKR. 2 Million.
• Allows you to repay your amount between 1 Year to 5 Years.
• Faysal Personal investment.
• Faysal Car Finance
• Faysal Home Finance

To get the loan from Faysal bank then visit the nearest branch of Faysal bank. The process to apply for the loan in Faysal bank is very easy and quite straightforward. You can easily select the required package and time for the loan.

APPLY NOW to get loan from Faysal bank.

Faysal bank Requirements and Eligibility criteria :

To get the loan in Faysal bank the minimum age required for Business Persons and Self – Employed Professionals are 21 years old and the maximum age should not more than 60 years old.

• You need to submit a copy of the CNIC.
• Also, submit the verified salary slip.
• Employee letter if required.

How to get Loan from Muslim Commercial Bank (MCB):

MCB always try their best to fulfill the needs of their customers. So, their loan schemes are also very attractive, flexible and affordable interest rates.

Loan features:

• Allows to gets a loan between PKR. 50,000 up to PKR. 2 Million.
• Allows you to repay your amount between 1 Year to 5 Years.
• No, security required.
• They will not take the processing fee if your loan form is not accepted.

Requirements and Eligibility criteria :

Those people can take the loan from HBL banks whose salary is credited in HBL bank accounts. To get the loan the minimum age required for Business Persons and Self – Employed Professionals are 21 years old and the maximum age should not more than 65 years old.

• You need to submit a copy of the CNIC.
• Also, submit the verified salary slip.
• Employee letter if required.
• Minimum PKR 30,000 to PKR 40,000 salary required for the salaried person to apply for the loan.

You can apply for the loan in MCB bank by visiting the nearest branch of MCB bank. There you need to apply for the loan by filling the form and providing them the required documents. If you are eligible to get the loan they will approve your application form. All the forms will be approved as per MCB bank’s sole discretion according to their roles and regulations.

If you want to more details then you can call on the Helpline number of MCB bank and that is 111-000-622.

How to get Loan from SILKBANK:

There are different types of loans that Silk Bank offers to its customers. Each offer has different tenure and a different amount of money depends on your selected package.

Loan features:

• Allows to gets a loan between PKR. 50,000 up to PKR. 2 Million.
• Allows you to repay your amount between 1 Year to 5 Years.
• No, security required and no guarantor required.
• Provides you the option to send balance.
• Allows you the option for Pre & Partial payment.
• Funds transfer option.

Silk Bank Requirements and Eligibility Criteria For Loan :

To get the loan in SILKBANK the minimum age required for Business Persons and Self – Employed Professionals are 21 years old and the maximum age should not more than 65 years old.

• You need to submit a copy of the CNIC.
• Also, submit the verified salary slip.
• Employee letter if required.
• Minimum PKR 40,000 salary required for salary individuals.

To apply for the loan in SILK BANK then you need to send them an email for loan requests on the email address of [email protected]. You can also visit the nearest branch of SILKBANK and apply for the loan by providing some required documents to them.

How to get Loan from Summit Bank:

Summit bank also offers secure and amazing loans offers to their customers.

Loan features:

• Allows to gets a loan between PKR. 50,000 up to PKR. 2 Million.
• Allows you to repay your amount between 1 Year to 5 Years.
• No, security required and no guarantor required.

Requirements and Eligibility Criteria :

To get the loan in Summit bank the minimum age required for Business Persons and Self – Employed Professionals are 21 years old and the maximum age should not more than 65 years old.

• You need to submit a copy of the CNIC.
• Also, submit the verified salary slip.
• Employee letter if required.
• Minimum PKR 15,000 salary required for salary individuals.
• The business proof is required for self-employed persons.
• Both salaried persons and business holders can apply for the loan.

You can easily apply for the loan in Summit bank by visiting the branch of the bank and providing the documents. If you are eligible to take the loan then they will tell you about that and also they will further guide you on the terms and conditions.

How to get a Loan from Muslim NBP Saibaan Bank:

Nation Bank o Pakistan is one of the most famous banks in Pakistan. Their services are always customer friendly and their loan services are also very awesome.

Loan features:

• Allows to gets a loan between PKR. 50,000 up to PKR. 2 Million.
• Allows you to repay your amount between 1 Year to 5 Years.
• No, security required and no guarantor required.

Requirements and Eligibility criteria :

• Original and verified CNIC copy.
• Verified salary slip for salary individuals.
• Business proof for business individuals or self-employed.
• The account in NBP bank.
• The minimum age requirement is 22 years old for salaried persons and the minimum age required 21 for self – employed.
• The maximum age requirement is 65 years for both salaried and business individuals.
• Minimum PKR 15,000 salary or income required for business holders and for private job holders and PKR 5000 salary required for Government employed.
• Minimum 2 years of employment in the same company.
• For business holders, they must have a relation with the same business for more than 3 years.

To apply for the loan in NBP bank then go to the NBP bank branch and there you need to complete the required documents. They will give you the form for a loan, simply fill the form and submit it with the required documents.

Home loan facility:

Many banks in Pakistan are also providing the loan for home development. You can buy your own home by taking loans from banks. But not all the banks are providing loans for a home. The lists of the bank who are providing loans for home are as follows:

List of Banks Providing Home Loans in Pakistan