This article highlights the top five banks in Pakistan offering flexible personal loan options. It covers loan amounts, eligibility criteria, repayment terms, and digital banking features, helping borrowers choose the best financial partner for their needs.

Trusted Pakistani Financial Institutions Providing Personal Loans

Whether you need funds for home improvements, wedding expenses, or travel plans, personal loans can be a practical solution. These unsecured loans are often easy to obtain, with some secured options offering lower interest rates. Selecting a reputable bank is essential for smooth borrowing. Below are five leading banks in Pakistan known for accessible and flexible personal loan services.

Standard Chartered Bank
Renowned for its efficient loan procedures, Standard Chartered offers personal loans with simple application processes.

Loan amounts range from PKR 30,000 to PKR 4 million, depending on income and eligibility. Repayment terms span 12 to 60 months, featuring competitive interest rates and digital banking services for convenient tracking. Eligibility criteria include being at least 21 years old for salaried employees and 25 for self-employed individuals, along with a valid CNIC, income proof, Pakistani phone number, and active email.

Bank Alfalah
Bank Alfalah offers unsecured and secured personal loans with minimal documentation, no collateral needed, and flexible repayment plans. Existing customers and individuals over 21 can qualify by submitting CNIC and income verification.

Customers can repay loans via ATM, online banking, direct debit, or in-branch cash payments. Combining income sources can help increase the loan limit.

Habib Bank Limited (HBL)
As Pakistan’s largest bank, HBL provides personal loans from PKR 25,000 to PKR 3 million, with a maximum repayment period of 60 months. The bank’s mobile app allows quick, paperless loan applications with instant approval notifications. Applicants must hold an HBL salary account and be between 21 and 60 years of age at the time of loan maturity.

Faysal Bank
Faysal Bank offers installment-based personal loans from PKR 50,000 to 2 million, with flexible tenures of 12 to 60 months. Monthly installments start at PKR 1,500. Processing fees can go up to PKR 15,000 depending on the loan size.

Muslim Commercial Bank (MCB)
MCB provides personal loans between PKR 50,000 and PKR 2 million for durations up to five years. No collateral is required. Government employees, private sector workers, and armed forces personnel earning over PKR 30,000 monthly are eligible, needing only income proof and CNIC. Rejected applicants are not charged processing fees.