The latest Apps installed on smartphones have made them an essential part of life, and Smartphones have become your best friends. Like them, they can function to support you in your hard times by lending you money via various money-lending mobile Apps. You can lend money through these Applications in simple procedures.
Unlike Physical banks, you don’t have to stand in long queues to submit the bulk of documents for getting loans. You can file your loan application through other money-lending mobile Apps in Pakistan. Though you have to provide some basic data in the initial process, later, you can lend money by clicking on the “Get Loan” option. However, for lending money through mobile Apps, there are certain constraints that you should follow; For example, the maximum duration of paying back the loan, interest rates, etc.
Here is the list of the best Money Lending Mobile Apps
Money lending Apps in Pakistan have completely changed the country’s financial system. Not only for money lending, but you can also use these Apps for depositing your utility bills, education payments, hotel and restaurant booking, sports tickets, etc. The money lending Apps are:
- Barwaqt
- JazzCash
- EasyPaisa
- Tez Financial Services
- ForiMoney
Barwaqt
Barwaqt is a money-lending mobile App in Pakistan providing instant loans all around Pakistan. If you need any loan, now you need not visit any physical bank. Through Barwaqt, you can get your loan within 5 minutes.
The money lending App is available for you if you are a student, salaried person, laborer, or common citizen. However, there is a fixed limit for the amount you can lend through Barwaqt App. On your first attempt, you can apply for a loan from PKR 1500 to PKR 25,000. The loan amount can also be increased, depending on your credit rating and how instantly you repay the loan.
JazzCash
JazzCash is another money lending App in Pakistan supported by Mobilink Micro Finance Banking Pakistan. However, it is considered the pioneer of online lending services in Pakistan.
The App instantly offers loans in Pakistan without any paperwork. The loan limit is up to PKR 50,000, which you can get after one click. Furthermore, you can apply for more than PKR 5000, but you must visit the nearest branch to submit the necessary information.
Moreover, you can also perform more activities via JazzCash mobile App, like submitting utility bills, Government tax payments, Education fees, Credit Card Payments, etc.
EasyPaisa
Powered by Telenor Microfinance, EasyPaisa is another online lender application that supports its customers in the face of providing them with instant loans.
The procedure of lending money through the EasyPaisa App is very easy. Simply using the application, you can apply for a loan by clicking “Easycash Loan.”
Through EasyPaisa, you can get a loan of up to PKR 10,000. For instant repayment, Telenor Microfinance will charge you 5% per week. So, after getting a loan via a money lending App, please return it as soon as possible to avoid extra charges.
Tez Financial Services
Tez Financial Services is the first digital institution in Pakistan. It provides users with instant loans via a simple mobile application. Besides loans, the financial company in Pakistan also offers health insurance to its customers.
The company’s best feature is that It provides loans to both males and females, and it does not require you to show any financial statement. Thus, you can easily get a loan using the money lending App in Pakistan.
According to the repayment policy, you should pay the loan in 1 to 4 weeks. However, you will have to pay 2.5% charges after the due date.
ForiMoney
ForiMoney is your trusted partner that can assist you with instant loans. One of Pakistan’s best money-lending apps can help people take personal loans up to PKR 50,000 using the ForiMoney App.
To fill out an application for the load, you must download the App, enter your data, and apply for the loan. You will get the amount within 1 hour.
Furthermore, the App will charge you a very low-interest rate when returning the loan if you cannot return the loan in due time. The App is available on the Play Store, and you can download it without charge.
Conclusion
The money-lending mobile Apps in Pakistan have brought very easiness to our lives. They help us financially without any extra burden. As a result, these financial Apps make us independent by providing us with loan packages when needed.
