PaisaMax Loan
PaisaMax is a trustworthy and user-friendly financial lending platform catering to the mobile users of Pakistan. The platform offers a diverse range of financial services, including bill payments, medical expenses, home shopping expenses, and more. The entire loan application process, along with repayment procedures, is carried out through an online system.
Loan Details
PaisaMax offers loans up to PKR 200,000 at an interest rate of up to 24% per annum, with a processing fee ranging from PKR 90 to PKR 2,000 as a one-time charge. Additionally, 16% GST is applicable on the processing fee. The loan tenure ranges from a minimum of 91 days to a maximum of 360 days.
Loan Example
As an illustration, suppose you take a loan of PKR 10,000 from PaisaMax, with an APR of 24% and a repayment tenure of 360 days. The processing fee charged would be PKR 400 plus PKR 64 GST, with no additional fees. The amount disbursed would be PKR 9,536, and the total interest payable would be PKR 2,400. Therefore, the total amount to be repaid would be PKR 12,400.
As an illustration, suppose you take a loan of PKR 10,000 from PaisaMax, with an APR of 24% and a repayment tenure of 360 days. The processing fee charged would be PKR 400 plus PKR 64 GST, with no additional fees. The amount disbursed would be PKR 9,536, and the total interest payable would be PKR 2,400. Therefore, the total amount to be repaid would be PKR 12,400.
Advantages
1: With no minimum requirements or need for a guarantor, individuals as young as 18 years old are eligible for loans.
2: Eligibility can be quickly checked without the need for prolonged waiting periods.
3: Loans are offered without the requirement of any collateral or fees, and the funds are directly transferred to the borrower’s mobile wallet account.
App Link:
4: The borrower’s information is kept secure through multiple privacy protections to prevent any unauthorized disclosure.
Eligibility
To be eligible for our services, applicants must meet the following criteria:
Be a resident of Pakistan.
Be between 18 and 56 years old.
Have a source of monthly income.
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