Personal Loan Options in Pakistan: Compare Rates and Terms for October

For borrowers needing larger sums, JS Bank CashAsaan stands out with a PKR 4M ceiling. Its 26% balance transfer rate is competitive, making it a top choice for those transferring existing balances. However, the standard 30% markup is only average, and higher minimum salary requirements could be a hurdle for some.

HBL Personal Loan offers a market-leading PKR 3M ceiling with a low starting rate of ~21.8%. Ideal for female account holders due to a 50% processing fee discount, it also accommodates pensioners albeit with lower limits.

Bank Alfalah provides a strong PKR 3M range and instant Alfa App disbursement, appealing to those who value speed. The KIBOR+18% rate is mid-range, suitable for borrowers who prioritize digital convenience.

UBL CashPlus, with its KIBOR+~11% rate, is a mid-cost option offering up to PKR 3M. It's most beneficial for existing UBL account holders due to potential better rates.

Standard Chartered Personal Loan offers international backing with a PKR 3M ceiling. Its BLR-based pricing (~22%) is attractive for salaried professionals at multinationals despite limited local branch availability.

MCB Personal Loan is the most transparent with its published KIBOR rates of ~25.8-27.8%. It's best for salaried individuals in major cities seeking clear, KIBOR-linked terms.

Faysal Islami Personal Finance is a top choice for those seeking Shariah-compliant loans. With a PKR 4M ceiling and Tawarruq-based structure, it appeals to customers avoiding riba. However, the 30% profit rate is among the highest in the market.

Allied Personal Finance offers flexibility with a low minimum loan amount of PKR 30K and no collateral requirement, ideal for self-employed individuals looking for small, manageable loans.