Loans in Pakistan | All Loan Lenders & Govt. Loans

Do you need a loan to pursue higher education, set up a small business, or secure a house but don’t know which source to trust? Then let me relieve you from this stress.

With multiple organizations in Pakistan offering loans, it has become easier to address financial needs. In this guide, I will tell you about different banks and foundations in Pakistan that offer loans, their requirements, and their eligibility criteria. Therefore, keep reading to gain insights.

Why do You need to Borrow Loans in Pakistan?

Loans in Pakistan

With the increase in poverty and inflation, it is no wonder that demand for loans is at its peak. Pakistan’s poor economic conditions put financial pressure on households and individuals, leading them to borrow money to relieve their financial burden and stress.

Loans in Pakistan have become a source of obtaining quick funds for financial and other purposes.

The government and many financial institutions offer loans to people throughout Pakistan with certain terms and conditions. Moreover, these agencies offer various types of loans to cater to the needs of different borrowers, such as personal loans, educational loans, home loans, microfinance loans, health loans, and more. Therefore, you can apply for those loans that align with your specific needs and purpose.

loans in pakistan

Furthermore, loans offered by these agencies and non-profit organizations are either interest-free or with interest. You can choose between interest-free or loans with interest. I will tell you about different organizations offering interest- and interest-free loans. Hence keep reading.

Loan Lenders in Pakistan

As stated above, many public and private organizations offer loans to the citizens of Pakistan, but what are these financial institutions? Let me inform you about these institutions. Many commercial banks and foundations operating throughout Pakistan offer loans to the borrower. They are as follows:

Habib Bank Limited Loan (With Interest)

Habib Bank Limited (HBL) is one of Pakistan’s most well-known investment banks. It provides many loan products, such as personal, auto, home, and ready cash loans. You can apply for the loan depending on your needs and purpose. Additionally, you can visit their website, if you have any further queries.

Furthermore, HBL provides you with the convenience of applying for a loan through their mobile app. However, you can only use HBL mobile app for HBL personal loans. The app saves you from the hassle of completing the form or submitting documents. You only need to download the HBL app, choose your preferred personal loan amount, follow the provided instructions, and press ‘ok’ to proceed.

Maximum Amount of Funds

  • If you opt for HBL personal loans, you will receive an amount that ranges from PKR 25,000 to PKR 3,000,000.
  • For HBL car loans, the maximum amount lies between PKR 200,000 to PKR 3,000,000.
  • Lastly, if you apply for an HBL-ready cash loan, you can receive up to PKR 3 million.


  • When applying for an HBL personal loan, your age must be 21 years, whereas a car loan requires 22 years.
  • The condition for applying for a car loan is that your minimum income must be PKR 20,000 (salaried individuals).
  • You must be a citizen of Pakistan.
  • Your salary payment must be paid through the HBL account.
  • You need your valid CNIC card, passport-size pictures, and salary slip to apply for a car loan.

Moreover, HBL loan interest rest on the borrower’s specific category, with a maximum interest rate of up to 35.99% per annum. However, if you need further guidance, call HBL at 111-111-425 or visit their website.

Bank Alfalah Loan (With Interest)

Want to borrow a loan for a car? Or need some instant cash? Whatever situation you are in, don’t worry; Bank Alfalah has got you covered. It is a prominent commercial bank that offers multiple loan options: personal loans, auto loans, home finance, revolving loan, and instant loan. Therefore you have multiple options to choose from.

For further information, visit Bank Alfalah’s official website,, and select your repayment plan.

Maximum Amount of Funds

  • Alfalah’s instant loan ranges between PKR 50,000 to PKR 750,000 (1-4 year tenure).
  • If you opt for a personal loan, the funds you will receive range from PKR 50,000 to PKR 3 million (1-4 year tenure).
  • If you want to buy a home, the amount provided is PKR 1 million (the amount varies for different home-related services).
  • The amount provided varies between PKR 50,000 to PKR 2,000,000 for the revolving loan.


  • Your age must be at least 21 and a maximum of 60.
  • You must have a 1-year banking relationship with Bank Alfalah.
  • You must have a valid CNIC card.
  • The applicant must possess clean credit history.
  • If you want to apply for an auto loan, your gross income must be PKR 30,000 (for employees).
  • You must have your salary slip.
  • Bank statement copies.

If you need further assistance related to Bank Alfalah loans, you can reach out to them at 021-111-225-111 or visit their official website.

Standard Chartered Bank (With Interest)

Another attractive option for borrowers is Standard Chartered Bank which offers various types of loans to individuals. Want some quick cash? Then you can apply for Standard Chartered Swift Finance to ease your financial burden. Furthermore, you can also apply for personal loans and housing finance; the choice depends on your financial requirements.

Maximum Amount of Funds

  • The loan amount for a swift or short-term loan is PKR 90,000 (an estimate).
  • If you apply for a personal loan, the maximum amount provided is PKR 1,000,000.


  • You must have your valid CNIC card.
  • Your salary slip.
  • The minimum age requirement is 21 (salaried individuals) and 25 for self-employed.
  • You must possess an authentic Pakistan mobile number.
  • An active e-mail ID.

To apply for a Standard Chartered personal or swift loan, visit their website ( For any other details, you can contact them at 111-002-002.

Pakistan Poverty Alleviation Fund (Government Interest-Free Loan Scheme)

The Pakistan Poverty Alleviation Fund (PPAF) scheme is initiated by the government to financially empower the poor and needy people who can not afford basic necessities. Their main objective is to offer interest-free loans to deserving people through dedicated loan centers.

PPAF government interest-free loan scheme prioritizes individuals from the vulnerable segment of society, especially women, disabled individuals, young people, and the transgender community. Moreover, even if you are a recipient of Benazir Income Support (BISP), Bait-ul-Maal, and the Zakat program, you can still apply for this scheme.

Maximum Amount of Funds

  • A maximum of 80,000 amount will be distributed monthly among people experiencing poverty and financial difficulties.
  • Women will be assigned 50% of the interest-free loan.
  • The maximum loan ranges between PKR 20,000 to PKR 75,000.


  • The minimum age requirement is 18, and the maximum is 60.
  • The applicant’s poverty level or score must be 40 or above.
  • You must possess an authentic Computerized National Identity Card (CNIC). Furthermore, your CNIC card must be registered with NADRA.

You can apply for PPAF (Pakistan government interest-free loan scheme) by visiting the dedicated loan center near your residence or area. In addition, you can check for any dedicated loan Qarza center near you through their official website You can also visit this website for any queries about the interest-free loan scheme.

Akhuwat Foundation Interest-Free Loan

It is Pakistan’s most prominent nonprofit organization, established in 2001, with branches nationwide. Akhuwat Foundation provides various interest-free loan products, each catering to the borrower’s needs and requirements. These products include family enterprise loans, education, housing, health, marriage, and emergency loans.

Maximum Amount of Funds

  • The maximum loan for a family enterprise and agriculture loan ranges from Rs 10,000 to Rs 50,000. The duration for family enterprise loans is 10 to 36 months, whereas for agricultural loans is from 4 to 8 months.
  • Interest-free loans allocated for liberation loan varies between Rs 10,000 to Rs 100,000 (tenure 10-36 months).
  • If you want to apply for a housing loan, the amount you will receive varies from Rs 30,000 to Rs 100,000 (duration is 36 months).
  • Apply for an education loan if you want to pursue higher education; the loan ranges from Rs 10,000 to Rs 50,000.
  • The maximum loan ranges from Rs 10,000 to Rs 50,000 for health, marriage, and emergency loans (10 to 24 months tenure).


  • You must possess a valid and authentic Computerized National Identity Card (CNIC).
  • Your reputation in your community must be good and clean.
  • The applicant must not have any criminal charges, accusations against them, or ongoing legal proceedings.
  • You must reside within the functional area of the foundation’s branch office.
  • The applicant must have a source of income. This is to ensure that the applicant can repay the loan.

If you want any extra details related to Akhuwat Foundation’s interest-free loan scheme, visit their website or contact them at 042-111-448-464.

Concluding Lines

With many organizations and commercial banks in Pakistan offering loans, accessing financial assistance for immediate purposes has become effortless. Whether you want some quick cash to pay your bill, pursue higher education, set up a business, or purchase a home, multiple types of loans make it easier to choose a loan product according to your needs.

Furthermore, many foundations and banks in Pakistan offer you loans, but I have selected only a few. You can opt for any organization that satisfies your need and relieve your financial burden. However, before applying for any program or loan scheme, you must fulfill their eligibility criteria and follow their term and conditions.

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