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 4 years
- No collateral required
- No processing fee if loan is not approved
- Approved Cities: Karachi, Lahore, Rawalpindi, Islamabad, Faisalabad, Hyderabad, Multan, Peshawar, Sialkot, Bahawalpur, Abbotabad, Jhelum & Wah Cantt.
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
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 4 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