ISLAMABAD (Kashmir English): Easypaisa users can access short-term loans through the company’s digital platform, with eligible customers being offered financing of up to Rs30,000 through the app.
According to Easypaisa’s promotional information, the loan facility is designed to help users meet immediate financial needs. Eligible customers can apply through the Easypaisa app, while certain users may also access the service through the USSD code 7867#.
However, the available loan amount may vary depending on a customer’s eligibility, account history and the offer available to them.
The current app listing indicates that Easypaisa’s Easycash loan facility ranges from Rs200 to Rs25,000, while recent promotional material has advertised loans of up to Rs30,000.
This suggests that the maximum amount offered may differ from one customer to another based on eligibility criteria and account history.
The service fee is an important factor for customers considering the facility. According to an example listed for the service, a Rs20,000 loan may carry a 32% service fee, amounting to Rs6,400.
Under this example, the total amount payable would be Rs26,400, including the original loan amount and service fee. The app listing also indicates that the maximum annual percentage rate (APR) for Easycash may range between 32% and 40%.
Fees and repayment terms may vary depending on the loan amount and the channel through which the facility is accessed.
How to Apply
Users can open the Easypaisa app and navigate to the Easycash/Loans section. If the facility is available to them, the app displays the eligible loan amount, applicable service fee and repayment details.
After reviewing and accepting the terms, the approved amount is transferred to the customer’s Easypaisa account.
Customers may also access the service through 7867#, where available.
Customers are advised to carefully review the service fee, repayment period and total amount payable before accepting a loan.
For example, if a customer receives Rs20,000 but is required to repay Rs26,400, the additional Rs6,400 should be considered before taking the loan.
The facility can provide quick financial assistance to eligible users, but customers should borrow only an amount they can comfortably repay within the specified period.
