Personal Loan Calculator
پرسنل لون کیلکولیٹرCalculate your exact monthly installment, total interest, and whether your salary comfortably supports it under standard bank affordability limits.
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زیادہ سے زیادہ محفوظ قسط
Personal loan installments follow the same reducing-balance math used across almost every amortized loan in Pakistan — but where personal loans differ in practice is how aggressively banks check your ability to repay before approving anything.
Because personal loans are unsecured — there's no house or car backing the loan that the bank can repossess — lenders compensate for that added risk in two ways: a higher interest rate than a mortgage or auto loan, and a strict ceiling on what share of your income they'll let you commit to debt. This is commonly called the Debt Burden Ratio (DBR), and most Pakistani banks won't let your combined loan installments (this one plus any existing loans or credit cards) exceed roughly 30-40% of your gross monthly salary. This calculator uses a 35% benchmark for the "Max Safe Installment" figure, which sits in the middle of that typical range — your specific bank's policy may run slightly tighter or looser.
پرسنل لون کی قسط کا حساب وہی فارمولا استعمال کرتا ہے جو دیگر قرضوں میں ہوتا ہے، مگر بینک آپ کی تنخواہ کے تناسب سے ادائیگی کی صلاحیت سختی سے چیک کرتے ہیں — عام طور پر کل قسط آپ کی مجموعی تنخواہ کے 30-40% سے زیادہ نہیں ہونی چاہیے۔It's a common surprise: the same bank that offers an 18% mortgage rate might quote 24-28% on a personal loan. The difference comes down to collateral and tenure, not arbitrary pricing.
| Loan Type | Collateral | Typical Rate Range |
|---|---|---|
| Personal Loan (Unsecured) | None | 20% – 30% |
| Auto Loan | The vehicle itself | 16% – 22% |
| Home Loan / Mortgage | The property itself | 15% – 20% |
| Govt. Qarz-e-Hasna Schemes | Varies by program | 0% (Markup-Free) |
Personal loans typically also carry shorter tenures (1-5 years vs 15-25 years for a mortgage), which means the higher rate gets compressed into fewer years — partly explaining why a personal loan installment can feel disproportionately heavy compared to a much larger mortgage installment.
Pakistani banks typically cap your total monthly loan installment — across all loans combined, not just this one — at around 30-40% of your gross monthly salary, often called the Debt Burden Ratio (DBR). Enter your salary above to see your estimated maximum safe installment under a 35% benchmark, then check whether your calculated EMI fits comfortably under that ceiling.
Personal loans are usually unsecured — there's no property or vehicle backing the loan that the bank can claim if you default. Home and auto loans are secured against the asset itself, which lowers the lender's risk and typically results in a meaningfully lower rate than unsecured personal financing.
Usually yes in terms of avoided interest, since interest accrues on your outstanding balance and stops the moment you settle it. However, many Pakistani banks charge an early-settlement or prepayment penalty, often 1-4% of the remaining principal. Whether early repayment nets out as a saving depends on how much tenure remains and your specific bank's prepayment policy — ask for the exact penalty figure before settling early.
It depends on what the costs are for. If you're financing pre-departure costs for a verified overseas job offer — visa, ticket, medical, OEP fees — a structured, purpose-built facility like the CM Punjab Parwaaz Card may offer a markup-free loan specifically designed for that situation, which is usually far cheaper than a standard unsecured personal loan from a commercial bank. Check whether a purpose-specific scheme exists before defaulting to a general personal loan.