MCB Personal Loan is a Fast, Affordable and Easy option to meet your immediate financing needs.

Key Features

  • Minimum Loan Amount: PKR 50,000
  • Maximum Loan Amount: Up to PKR 2 Million
  • Tenure: 1 year to 5 years
  • No collateral required
  • No processing fee if loan is not approved
  • Approved Cities: Karachi, Lahore, Rawalpindi, Islamabad, Faisalabad, Hyderabad, Multan and Peshawar.

Eligibility *

  • Salaried individuals working in the Private sector, Government of Pakistan and Armed Forces *
  • Any person who has taken a credit card, personal loan or an overdraft facility from any bank in Pakistan.
  • An existing MCB Car4U customer who took the MCB car loan more than 1 year ago*
  • Any MCB salaried customer whose salary has been being credited in MCB for more than a year
  • Minimum Net monthly Salary
    1. Salaried Customers : PKR 30,000 to PKR 40,000/- depending on employer*
    2. Govt. Officers/ Armed Forces : PKR 30,000

  • Prime Customer Category Eligibility

    1. Salaried: if you have a Monthly Gross Salary of over PKR 500,000**

Initial Documents:

  • Copy of Salary slip/ Proof of income
  • Copy of Valid CNIC

Rates


Customers with Qualifying Credit History Customers with non-Qualifying Credit History
Tenure 1 to 5 years
Salaried – Govt./Armed Forces 1-Year KIBOR + 14% 1 – Year KIBOR + 16%


*Subject to terms & conditions

** The approval eligibility criteria have been broadly defined. Bank reserves the right to accept or reject any proposal.

For further information, please call MCB Phone Banking at 111-000-622 (MCB Bank) or visit your nearest MCB Bank branch or click here

Note:

All loans shall be processed and approved as per MCB Bank Limited sole discretion in accordance with regulations and Bank’s approved policies and procedures