Pakistan's State Bank policy rate has seen significant movement in 2025-2026. Banks are currently offering personal loans at varying rates. Always compare before applying.
| Bank | Personal Loan Rate | Min Amount | Max Tenure |
|---|---|---|---|
| HBL | 22–28% per annum | PKR 50,000 | 5 years |
| UBL | 23–27% per annum | PKR 50,000 | 5 years |
| MCB | 21–26% per annum | PKR 25,000 | 4 years |
| Meezan Bank | Islamic — no interest | PKR 100,000 | 5 years |
| Bank Alfalah | 22–26% per annum | PKR 50,000 | 5 years |
| Allied Bank | 21–25% per annum | PKR 30,000 | 4 years |
Unsecured loans for any purpose. Higher interest rates (20–28%) due to no collateral. Requires salary slip, CNIC, and 6 months bank statement.
Long-term loans for property purchase. Lower rates (16–20%) with property as collateral. Meezan Bank and Bank Islami offer Sharia-compliant home finance.
Vehicle financing through banks or leasing companies. Typically 20–25% per year for conventional, or Ijarah model for Islamic banking. Down payment usually 20–30%.
Meezan Bank, Bank Islami, and Al Baraka offer interest-free (riba-free) financing products using Murabaha and Ijarah structures. Monthly payments are similar to conventional loans but structured as cost-plus-profit rather than interest.
Use the calculator above. Formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P = principal, r = monthly rate, n = months. A PKR 500,000 loan at 22% for 5 years = approximately PKR 13,700/month.