How To Apply For Easypaisa Loan 2024 | Easypaisa Loan Limit Details

Last Updated on: 17th January 2024, 01:37 pm

How to Apply for Easypaisa Loan 2024 | Easypaisa Loan Limit

EasyPaisa Loan is perhaps the most convenient loan program that Pakistanis can use in no time. The loan service makes small, short-term loans to people who do not have formal financial records.

And that is why Telenor Microfinance Bank launched it as EasyPaisa Nano Loan 2024.

You can process your loan application in just 5 minutes. EasyPaisa can deposit the loan amount directly into your EasyPaisa account.

You can also call it an EasyPaisa cash loan 2024.

So how do you get an EasyPaisa loan, who can apply for it, and what are the EasyPaisa loan eligibility criteria? Let’s find out in this blog post:

Who Can Get Easypaisa Loan Apply Online?

• The EasyPaisa digital loan function is only available to customers of the Telenor network, regardless of whether they are prepaid or postpaid SIM cards.
• You must also have an active EasyPaisa mobile account. But that’s not it. Telenor Bank decides based on certain loan eligibility criteria.
• Also, the applicant’s age must be between 18 and 65 years old.

What Are The EasyPaisa Loan Eligibility Criteria?

• EasyPaisa does not grant the loan to everyone who applies for it.
• The company only approves requests from customers who have frequently used Telenor credit (minutes, data, SMS) or EasyPaisa mobile accounts within 90 days.
• Telenor didn’t mention the frequency of services they prefer to get an entitlement badge. So it’s kind of a hidden criterion.

If you want to check which Zong SIM on your CNIC read our article, How to Check Zong SIM Number on CNIC.

How Much is The Easypaisa Loan Limit?

You can apply for an EasyPaisa loan of up to Rs10,000. It is up to Telenor Bank to determine what amounts their team deems appropriate for the candidate.

What is The Easypaisa Loan Interest Rate?

• You can get the EasyPaisa loan for up to 30 days and the additional fee on the loan amount varies from 10% to 20% for 30 days.
• If the customer does not pay on time, there will be an additional penalty of 2.5 to 5% on the balance.

How To Get Easypaisa Loan up to Rs.10,000?

1. Documents are not required.
2. Dial the Easy Paisa rental code *786*7# from your Telenor SIM card.
3. If Telenor Bank refuses a loan, you will receive an SMS with an apology.
4. If approved, you will receive an SMS detailing the loan amount, service fee, due date, late payment fee, interest fee, and total refund amount.
5. After receiving the confirmation message, you need to call the EasyPaisa hotline at 3737 and customer service will transfer the funds to your EasyPaisa mobile account.
6. You will receive the loan amount directly to your Easypaisa mobile account.

How Can The EasyPaisa Loan Amount Be Repaid?

1. Dial *786*7# again to start the process.
2. Telenor automatically deducts the loan amount when it is due.
3. You must have an active EasyPaisa mobile account. If you haven’t opened it yet, here is a step-by-step guide on how to open a loan account.

Here’s how you can Use SIM in a Non-PTA Blocked Phone.

How Do I Open An EasyPaisa Mobile Account?

Telenor’s EasyPaisa is the city’s oldest and most visible financial service.

• The easiest way is to download the EasyPaisa mobile application from Google Play, Apple Store, or AppGallery, follow the wizard, and register your account.
• You will need your CNIC ID Card number and issue date during the EasyPaisa account registration process. Create your security PIN later and keep it in a safe place. The process works for both Telenor mobile SIM cards and non-Telenor SIM cards.
• If you have a feature phone or do not want to install a mobile application on your smartphone, please dial *786# from your Telenor mobile number and follow the instructions to create an account.
• Create your 5-digit security PIN and add funds to your account.

You can use a commercial bank account to transfer funds to your EasyPaisa mobile account or go to the nearest EasyPaisa withdrawal point.

Non-Telenor mobile users cannot do this without the mobile application process.

If you are looking to open a JazzCash loan account, follow this link for step-by-step instructions.

Why was my Easypaisa Loan Application Rejected?

EasyPaisa accepts selected applications based on certain loan eligibility criteria. The company needs to see the usage pattern of your EasyPaisa account during the last 90 days.

If you have used your Telenor SIM card and EasyPaisa account frequently during the 90 days, there is a greater chance that your application will be accepted.