Pakistan has a huge network of multiple banking giants. From HBL, known for its supreme IT infrastructure, to Meezan Bank paving the way for Islamic Banking, it’s easier than ever for the masses to get better financial services.
Depending on your specific needs and goals, here is our list of the best Pakistan banks for loans, freelancing, online banking, and Islamic banking.
List of the Best Banks in Pakistan
Based on your specific needs, you might be looking for the best banks that offer the following services:
- Personal Loans
- Online Banking
- Islamic Banking
To help you out, we have listed the best banks for the above services in detail given below:
Best Bank for Personal Loans in Pakistan
To avail of a personal loan in Pakistan, you can consider the following banks:
NBP Advance Salary is the leading personal loan product in the country.
It offers up to 20 net take-home salaries with no prior formalities and easy availability. The product is offered countrywide, with a maximum limit of up to Rs. 3,000,000/.
The loan comes with a maximum tenure of 4 years (48 months).
View Complete NBP Personal Loan Details.
2. Summit Bank
The Summit Bank Personal Finance loan solutions offer you the peace of mind to meet urgent expenses through simple yet transparent terms.
Avail a loan of up to Rs.1,000,000/- with a loan tenure of a maximum of 5 years.
View Complete Summit Bank Personal Loan Details.
HBL loan facility provides you with financial assistance during difficult times. The personal financing limit lies between PKR 25,000 to PKR 3,000,000.
The repayment tenure ranges from 12 to 48 months, and there is also the availability of a top-up facility every 12 months.
View Complete HBL Personal Loan Details.
4. Mobilink Microfinance Bank
With the Mobilink Microfinance Bank, take control of your finances with inclusive loans amounting to Rs. 50,000 to Rs. 350,000. Salaried and pensioned individuals can avail of loans with a tenure of up to 3 years.
View Complete Mobilink Microfinance Bank Loan Details.
5. Allied Bank
With Allied Personal Finance, you can avail easy loans and repay in easy monthly installments with peace of mind.
The repayment period ranges from 1 to 4 years, and the loan amount varies from Rs. 30,000/ to Rs. 3,000,000/, with no hidden costs and low markup rates.
View Complete Allied Bank Personal Finance Details.
With Alfalah Personal Loan, get customized financing without any collateral requirements and pay in easy monthly installments.
The maximum loan amount available is PKR 3 Million, with a tenure ranging from 1 to 4 years.
View Complete Alfalah Personal Loan Details.
7. Standard Chartered
The Standard Chartered Personal Loan is a hassle-free way to fulfill your needs.
You can avail of loans ranging from PKR 30,000 to PKR 4 million, which can be repaid in a period of up to 4 years.
View Complete Standard Chartered Personal Loan Details.
MCB Personal Loans are fast, affordable, and can easily be repaid in 1 to 4 years.
Recipients can avail of a maximum loan of up to Rs. 2 Million to fulfill their financial needs.
View Complete MCB Personal Loan Details.
Bank of Punjab offers need-based unsecured term loans that are useful for immediate financial needs through cash payback vide equal monthly repayments.
Avail loans of up to Rs. 200,000 with a maximum tenure of 3 years.
Best Bank for Freelancers in Pakistan
Freelancers in pakistan can consider the following banks to receive payments online. These accounts can be connected with other online payment services as well.
1. Bank Alfalah
With a Bank Alfalah Freelancer Digital Account, freelancers can easily receive payments from across the globe.
The account offers a monthly limit of USD 5,000 or equivalent and a cash withdrawal limit of Rs. 500,000 or equivalent per day.
View Complete details of Bank Alfalah Freelancer Digital Account
The HBL Freelancer Account provides competitive transaction rates and international payment options. In the case of FCY, the monthly credit and debit limit is USD 5,000 or equivalent to USD (if opted for another currency).
The account provides a cash withdrawal limit of PKR 500,000/ or equivalent per day, with a free PAYPAK debit card for the first year only.
View Complete details of HBL Freelancer Account
3. Meezan Bank Asaan Account
Meezan Freelancer Account is a Rupee & Foreign currency-based personal account available as both Current and Savings variants and has been designed exclusively for freelancers.
The account offers unlimited withdrawals and inward foreign remittances, making it easy for freelancers to carry out routine transactions.
View Complete details of Meezan Bank Asaan Account
4. JS Bank
JS Freelancer’s Current Account provides the benefits of having a bank account while offering smooth transactions and reporting processes.
The account offers an E-Payment Realisation Certificate and has no minimum balance requirement. You can also avail of online inter-city funds transfer facilities and smooth inward foreign remittance.
View Complete details of JS Bank Freelancer Account
Best Internet Banking in Pakistan
Here is a list of the best online banks in Pakistan, offering the best IT services for online transactions:
1. Habib Bank Limited
HBL has one of the best IT infrastructures and offers the smoothest online banking.
It offers access to account statements, allows payment of credit card bills, utility bills, mobile top-ups, post-paid bills, pre-paid telco cards, e-vouchers, excise/taxation, and more.
Packed with smart features, Meezan Mobile’s online banking allows you to view your account balance & transaction details, pay bills and manage payees, block or unblock debit cards, avail discounts, and more.
Best Islamic Bank in Pakistan
Below are the leading Islamic banks in the country offering Shariah-compliant banking facilities:
1. Meezan Bank
Meezan Bank is a leading Islamic bank in the country, offering Islamic ways of financing to the masses. In 2013, Meezan was recognized by the Global Islamic Finance Awards as the ‘Best Research & Development’ institution.
Meezan Bank is referred to as a benchmark of Shariah Compliance in both the local & global Islamic Finance industry, offering premier Islamic banking solutions.
2. Bank Islami
BankIslami is a mission-driven institution with a deep-rooted faith in Islamic principles, aiming to spread Islamic values, culture, and traditions through different means.
Bank Islami’s “Deen Connect” was launched in February 2021 as a free-of-cost Islamic awareness program for both customers and non-customers, aiming at assisting all Muslims with Islamic ways of banking.
HBL is one of the largest Islamic banking players, providing a wide range of Shariah-compliant solutions to its diverse clientele.
HBL offers Islamic banking solutions and products approved by the bank’s Shariah Board, comprising renowned Shariah scholars of the country.
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To explore more banking and finance-related content, visit BlogPakistan. If you are a customer of any of the above banks, do let us know of your experience in the comments.