Loan apps in Pakistan have become a popular way for individuals to access credit quickly and easily. These apps allow users to apply for loans, submit documentation and receive funding all from the convenience of their smartphones. Some of the most popular loan apps in Pakistan 2023 include:
- EasyPaisa: This app, owned by Telenor Pakistan, allows users to apply for personal loans, car loans, and home loans. The application process is simple and the funds can be disbursed to the user’s account within a matter of hours.
- MobiCash: This app, owned by the National Bank of Pakistan, offers loans for small and medium-sized businesses, as well as personal loans for individuals. The application process is straightforward and the funds can be disbursed to the user’s account within a matter of hours.
- JazzCash: This app, owned by Jazz, offers personal loans, car loans, and home loans to users. The application process is simple and the funds can be disbursed to the user’s account within a matter of hours.
- Finja: This app, Finja is a digital lending platform that enables customers to access quick and easy loans from their mobile phones. They offer personal loans, business loans, and other financial products.
- Rozee: This app, Rozee.pk is Pakistan’s leading career portal, which also offers online loans to users. They offer personal loans, business loans, and other financial products.
- Barwaqt: Barwaqt is an online loan application in Pakistan where users can apply for personal loans up to Rs 100,000 anytime and anywhere.
Barwaqt is an excellent financial service platform in Pakistan. We use big data risk control technology for credit scoring assessment to protect your privacy and provide high-quality online smart credit loan services.
Barwaqt provides complete online money without any mortgage through secure platforms. The installment loan provided by Barwaqt greatly reduces repayment pressures. - EasyLoan Personal Loan Online: The subtleties of the credit are as per the following:
1. Credit Term: 91-180 days
2. Credit Sum: Rs.5,000 to Rs.1,000,000
3. Greatest Yearly Rate (APR): 30% per annum
4. Month to month Administration Expense: 0.42%
All these apps have different interest rates and terms, so it’s important to compare them before applying for a loan. Some of them also required a good credit score and a stable income, so it’s important to check the eligibility criteria of these apps before applying.
Comparison of Loan Apps in Pakistan
| App Name | Type of Loans | Interest Rates | Eligibility Criteria | Time for Approval |
|---|---|---|---|---|
| EasyPaisa | Personal, Car, Home | Varies | Good credit score and stable income | Within hours |
| MobiCash | Personal, Business | Varies | Good credit score and stable income | Within hours |
| JazzCash | Personal, Car, Home | Varies | Good credit score and stable income | Within hours |
| Finja | Personal, Business | Varies | Good credit score and stable income | Within hours |
| Rozee | Personal, Business | Varies | Good credit score and stable income | Within hours |
Please note that the above information is based on general information and the interest rates, terms, and eligibility criteria may vary depending on the individual loan app’s policies. It is important to verify this information and compare the different options before applying for a loan.