Top Online Loan Apps In Pakistan (For 2024) | Best Loan Apps 2024

The Securities and Exchange Commission of Pakistan (SECP) has recently unveiled its updated roster of approved online loan apps for 2024 and beyond.

These applications, available 24/7 to users across Pakistan via their mobile phones, offer urgent online loans ranging from Rs. 20,000 to Rs. 100,000, with the potential for higher amounts for repeat users.

Among the standout Online Loan Apps featured on this list are the following:

  • Barwaqt
  • Paisayaar
  • Abhi- Your Salary Now!
  • Zoodpay
  • Muawin

This article delves into crucial aspects of these online loan apps, such as maximum loan amounts, terms and conditions, and the application process. Join us as we navigate through the intricacies of these platforms.

However, it’s essential to exercise caution, as some apps may collect sensitive information and share it with third-party entities.

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Table of Contents

What Are Nano Loan Apps And How They Work?

List Of Online Loan Apps Approved By SECP (Whitelisted Apps)

Among the SECPapproved Online Loan Apps list are the following:

  • Barwaqt Loan App
  • Paisayaar Loan App
  • Abhi- Your Salary Now! Loan App
  • Zoodpay Loan App
  • Muawin Loan App

Barwaqt Loan App


Barwaqt is an Online Loan App in Pakistan. Barwaqt offers the convenience of obtaining a personal loan of up to Rs. 25,000. Barwaqt has undergone verification by the Securities and Exchange Commission of Pakistan (SECP).

Barwaqt Loan Amount

Online Loan Apps provide loans to users starting from a minimum amount of Rs. 600, up to a maximum of Rs. 25,000.

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Barwaqt Loan Interest Rate

Barwaqt applies a daily interest rate for its loans, falling from 0.067% to 0.56%. Borrowers must be mindful of the repayment due date, as Barwaqt levies penalties for payments made after the specified deadline.

Barwaqt Loan Eligibility Criteria

Eligibility Criteria | Online Loan Apps:

  • Age Requirement: Barwaqt extends the age bracket from 18 to 60 years.
  • Citizenship Prerequisite: Applicants must hold Pakistani citizenship.
  • Monthly Income Evaluation: Barwaqt assesses eligibility based on the applicant’s monthly income.

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Loan Duration:

The repayment period for the loan, including any possible extensions, spans a maximum duration of 90 days.

Barwaqt Loan Amount Calculator | Online Loan Apps


If you avail a loan of Rs. 25,000 from Online Loan Apps, the repayment structure includes the following components:

Total Repayment:

  • Markup Charges: Range from Rs. 503 to Rs. 4,200.
  • Processing Fee: The processing fee ranges between Rs. 150 and Rs. 300.
  • Total Repayment Amount: Ranges from Rs. 25,653 to Rs. 29,500.

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Contact Details Of Barwaqt

Location: LDA Community Centre, near the Barkat Market Passport Office in Lahore.

Email: you can email us at

Phone: call at 021-36495000 or 021-36494000.


Paisayaar stands as an Online Loan App in Pakistan, with amounts ranging from Rs. 1,000 to Rs. 25,000. The legitimacy and compliance of Paisayaar are affirmed by its verification from the Securities and Exchange Commission of Pakistan (SECP).

Loan Amount

The Online Loan Apps offer a versatile range of loan amounts from Rs. 1,000 to Rs. 25,000. It’s important to note that the loan amounts provided by Paisayaar are not interest-free.

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Interest Rate+Overdue Charges

The interest levied on the loan daily through the Paisayaar app varies, falling within the range of 0% to 0.6%. In the event of late repayment, additional daily charges may be incurred, ranging from 0% to 2.2%, to avoid incurring extra fees.

Loan Duration

The repayment period for the Paisayaar loan spans a duration of 90 days, equivalent to 3 months.

Paisayaar Loan Calculator


If you borrow Rs. 25,000 from the Paisa Yaar app with a loan duration of 90 days, an additional interest charge of Rs. 13,500, the total repayment amount to PKR 38,500.

Failure to repay the loan on time may result in additional daily interest charges ranging from 2% to 2.5% on the total loan amount.

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Contact Details Of Paisayaar


Address: Fortune Residency, Ground Floor, Street no. 26, National Police Foundation, E11/4, Islamabad.


  • 051-111-883-883 (Service Hotline)
  • 051-884-127-0 (Service Hotline)
  • 03088888260 Grievance Redressal Officer

Abhi- Your Salary Now!


Abhi- Your Salary Now! operates as a dedicated loan app, facilitating loans ranging from 1,000 to 30,000 rupees verified by the Securities and Exchange Commission of Pakistan (SECP).

Loan Amount

Abhi- Your Salary Now! provides a flexible loan range between Pkr. 1000 and Pkr. 30,000. Abhi- Your Salary Now! is not interest-free, it has been verified by the Securities and Exchange Commission of Pakistan (SECP).

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Interest Rate

Abhi – Your Salary Now! offers microloans within the range of 1,000 to 30,000 rupees. The daily interest rates are as low as 0% but can extend up to 0.6%.

Loan Duration

Abhi – Your Salary Now provides a loan duration of 90 days for the repayment period.

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Contact Details Of Abhi Your Salary Now!

Address: 505A, 5th Floor Fortune Towers, Shahrah-e-Faisal, Karachi Office # 5, Floor 6, Askari Corporate Tower, Lahore.


Phone: +92 304 111 5276.


Zoodpay is a globally accessible loan app that extends its services to various countries, including Pakistan. The app introduces ZoodPay Credit, a payment solution to repay loans in 6 or 12 equal installments with interest.

The loans with a maximum amount of $1,500 are tailored to the currency of countries such as Uzbekistan, Lebanon, and Pakistan, ZoodPay provides financial assistance to over 300 million individuals and supports 5 million SMEs. ZoodPay simplifies shopping experiences by offering the flexibility to pay in 4, 6, or 12 installments.

Loan Amount

Zoodpay operates as an Online Loan Apps in Pakistan. Zoodpay can avail themselves of loan amounts spanning from $15 to $1,500 or an equivalent sum in the local currency. Verification by the Securities and Exchange Commission of Pakistan (SECP). Users can easily obtain loans through the Zoodpay app.

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Interest Rate

The monthly interest rate on ZoodPay is 3.5% of the entire loan amount.

Loan Duration

Utilize ZoodPay’s flexibility to settle your loan through 4, 6, or 12 installments!

  • Should be at least 18 years old.
  • Eligibility requires possession of an eligible debit or credit card with a valid expiry date of at least 3 months.
  • ZoodPay employs a credit reference agency to swiftly verify the eligibility of applicants, facilitating a quick approval process.
  • Eligible orders for ZoodPay transactions should fall within the specified range of 15 USD to 1,500 USD.

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ZoodPay Contact Details


Phone Number: 042-111-839-839

Address: 1st Floor, Plot No. 8 & 9, Mai Kolachi Bypass, Intelligence Colony, Karachi


Muawin presents a unique business loan solution in Pakistan through its “buy now pay later” option. Muawin operates stores and businesses that can obtain necessary assets on loan.

The “buy now pay later” feature enables businesses to acquire essential items for immediate use, deferring the loan repayment to a later date—verification by the Securities and Exchange Commission of Pakistan (SECP).

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Loan Amount

The loan amounts extended by Muawin typically range from 20,000 to 100,000 or more. The specific loan amount is determined based on the individual needs and circumstances of the business applicant.

Muawin Agreement Form


You have the option to download the Muawin Agreement Form by clicking here.

Muawin Contact Details

Address: 103-K, DHA Phase 1-C, Lahore, Pakistan

Call: +92 304 1110494

WhatsApp: +92 301 0544713


Benefits Of Online Loan Apps In Pakistan

  • Ease of Application: Applying for a loan is simplified through the app, downloading the app, signing up, and submitting a loan application with ease.
  • Online Accessibility: Online loan apps provide loans entirely through online platforms.
  • Rapid Approval Process: Experience swift loan approval within just 5 minutes, ensuring immediate access to funds for urgent financial needs.
  • Home-Based Application: The application process for these loans can be completed from the comfort of your home.
  • Generous Loan Limits: Online loan apps often come with generous loan limits, with some apps offering limits of up to 100,000.

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FAQs | Online Loan Apps In Pakistan

What is the latest update from SECP regarding authorized online loan apps for 2024 in Pakistan?

SECP has recently updated the list of top online loan apps authorized for digital lending services in Pakistan for 2024, including Barwaqt, Paisayaar, Abhi- Your Salary Now!, Zoodpay, and Muawin.

What loan amounts do these apps typically offer?

Loan amounts vary among the apps, with Barwaqt providing loans from Rs. 600 to Rs. 25,000, Paisayaar offering loans from Rs. 1,000 to Rs. 25,000, and Abhi- Your Salary Now! allowing loans from Rs. 1,000 to Rs. 30,000. Zoodpay extends loans ranging from $15 to $1,500, while Muawin offers business loans typically ranging from Rs. 20,000 to Rs. 100,000 and more.

How can I apply for a loan through these online apps?

Applying for a loan is straightforward. Simply download the respective app, sign up, and complete the application process. The process varies slightly among apps, but it generally involves providing the necessary details for loan approval.

Are these online loans interest-free?

No, these Online Loan Apps are not interest-free. Interest rates apply, with figures such as Barwaqt charging a daily interest rate between 0.067% and 0.56%, and Zoodpay charging 3.5% of the total loan amount every month.

What are the repayment terms for these loans?

Repayment terms differ, with Barwaqt having a loan duration of 90 days. Paisayaar offers flexible repayment options with 4, 6, or 12 installments. Abhi- Your Salary Now! allows repayment flexibility, and Zoodpay provides options for 4, 6, or 12 installments.

What are the eligibility criteria for these Online Loan Apps?

Eligibility criteria include being at least 18 years old, holding an eligible debit/credit card with a valid expiry date of at least 3 months, and, in the case of ZoodPay, having orders within the range of 15 USD to 1,500 USD.

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