Easypaisa is a well-known mobile wallet service in Pakistan that offers a range of financial services to its customers. One of the most popular services offered by Easypaisa is its loan facility, which allows users to apply for a quick and hassle-free loan directly from their mobile phones using the Easypaisa App. In this article, we will discuss everything you need to know before applying for an Easypaisa App loan.

  1. Eligibility Criteria

Before applying for an Easypaisa App loan, it is important to check whether you meet the eligibility criteria set by Easypaisa. To be eligible for a loan, you must be a Pakistani citizen with a valid CNIC, be between the ages of 18-60 years old, have a valid SIM card registered in your name, and have a regular source of income.

  1. Loan Amounts and Terms

Easypaisa offers loans ranging from Rs. 1,000 to Rs. 40,000 with a repayment period of 15, 30, or 60 days. The loan amount and repayment period depend on your creditworthiness and repayment history.

  1. Interest Rates and Fees

Easypaisa charges an interest rate of 15% per annum on its loans, which is equivalent to a daily interest rate of 0.04%. In addition to the interest rate, Easypaisa also charges a service fee of 2.5% of the loan amount.

  1. Loan Application Process

To apply for an Easypaisa App loan, you need to follow these steps:

Step 1: Download the Easypaisa App from the Google Play Store or Apple App Store.

Step 2: Register for a new account or log in to your existing Easypaisa account.

Step 3: Click on the ‘Loans’ icon on the home screen.

Step 4: Select the loan amount and repayment period.

Step 5: Provide the required personal and financial information.

Step 6: Review the loan agreement and click on ‘Apply Now’.

Step 7: Once your loan application is approved, the loan amount will be disbursed to your Easypaisa account.

  1. Loan Repayment Process

Easypaisa offers multiple repayment options for its loans. You can repay your loan using the following methods:

Option 1: Repay the loan directly from your Easypaisa wallet.

Option 2: Repay the loan at any Easypaisa shop.

Option 3: Repay the loan through a bank transfer.

  1. Loan Default and Late Payment Charges

If you fail to repay your loan on time, Easypaisa will charge a late payment fee of 1.5% of the outstanding loan amount per day. In addition, if you fail to repay your loan for more than 90 days, Easypaisa reserves the right to take legal action against you and report your default to the credit bureaus, which can negatively impact your credit score.

  1. Pros and Cons of Easypaisa App Loans


  • Quick and hassle-free loan application process.
  • No collateral or guarantor required.
  • Multiple repayment options available.
  • Loan disbursement directly to your Easypaisa account.
  • Reasonable interest rates and fees.


  • Limited loan amounts and repayment periods.
  • Late payment charges and default penalties.
  • Only available to Easypaisa customers.


Easypaisa App loans are a convenient and accessible way to obtain quick cash loans in Pakistan. However, before applying for a loan, it is important to understand the eligibility criteria, loan terms and conditions

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