All about Banks in Pakistan Pakistani Banks Branch Codes Debit Credit Card Loans Information on bankingpk.com Now the Pakistani nation has a great personal loan facility by Top Pakistani bank Muslim Commercial bank limited. The MCB Personal Loan scheme is the Fastest, very Affordable and comfortable choice to adjoin your quick financing for everyone. Now you can get loan in days with limited documents in very short span of time. 
MCB Personal Loan Key Features:
The MCB Personal Loan major and key features are listed below.
- Minimum MCB Loan Amount is: PKR 50,000
- Maximum MCB Loan Amount is: Up to PKR 2 Million (20 Lac Rs.)
- Time for return (Tenure): 1 year to 5 years
- No securities or (confirmatory) collateral demanded
Approved Cities for MCB Peroanl Loans:
- You can avail this service in the the Karachi, Lahore, Rawalpindi, Islamabad, Faisalabad, Hyderabad, Multan, Gujranwala, and Peshawar city.
Eligibility for MCB Personal Loan Scheme.
Clean Credit History Based Criteria:
1) Must have a credit card, a personal loan or an OD facility from whatsoever bank with 2 years statement history,
2) Must have a clean and the timely refund or repayment history with related bank and should not be a defaulter on any loan since last 5 years of the form submission.
3) Monthly Salary (Minimum salary)
- Salary Customers: 40,000/- PKR
- Officers/ Armed Forces : 30,000 PKR
- For Self-Employed loaners, 100,000 PKR
- a) Salaried Individual having your salary account with MCB Bank for two years.
- c) Maintaining an average balance of PKR 1.5 Million (15 Lac) in any bank for a minimum of the 6 months tenure.
No History Criteria:
- A salaried Individual having your salary account with MCB Bank for two years.
- Having a Monthly Gross Salary of over 500,000 PKR
- Maintaining an average out balance of PKR 1.5 Million (15 Lac) in any Pakistani bank for a minimum of 6 months statement.
MCB Personal Loan Calculator:
MCB Bank Pakistan Personal Loan Calculator online will help you to find the Loan Amount and Monthly Payment (EMI) that you will have to pay according to the years set in that tenure you will pay your loan.
Use link to find MCB Personal Loan Calculator online.
MCB Personal Loan Rates:
These are promotional rates and are valid till 31st March, 2015.
| Customers with Qualifying Credit History | Customers with non-Qualifying Credit History | |||
| Tenure | 1 to 3 years | 4–5 year tenure | 1 to 3 years | 4–5 year tenure |
| Salaried – Govt/Armed Forces | 22% | 24% | 24% | 26% |
| Self Employed | 24% | 26% | 26% | 28% |
The pre-payment charges for MCB Personal Loan Chart:
| Full Prepayment Fee | |
| 1st Year* | Up to 10% of remaining principal amount |
| 2nd – 3 Year | Up to 5% of remaining principal amount |
| 4th and all subsequent years of financing | Up to 4% of remaining principal amount |
| Full Prepayment Fee | |
| 1st Year* | Up to 10% of remaining principal amount |
| 2nd- 3rd Year | Up to 5% of remaining principal amount |
| 4th and subsequent years of financing | Up to 4% of remaining principal amount |
| Partial Prepayment Fee | |
| 1st Year* | Up to 7% partial paid amount |
| 2nd Year | Up to 5% partial paid amount |
| 3rd Year and all subsequent years of financing | Up to 3% of partial paid amount |
