Do you want to get a PKR 25,000 loan in Pakistan online urgently? Worry not, the SmartQarza Loan App provides you urgent cash loan of PKR 2,000-25,000 by using your phone 24/7.
Now, the question is, how I can get Rs. 20,000 to Rs. 25,000 from the SmartQarza Loan App?
All you need is just to install the SmartQarza App on your phone from the Google Play Store.
Register yourself by using your real name and registered phone number, and select your desired amount ranging between PKR 2K-25K, submit, and your loan amount will be transferred into your Easypaisa or Jazz Cash account within 5 minutes.
Now, let’s explore terms and conditions, the maximum loan limits, and a step-by-step guide to get Rs. 2K-Rs. 25 from the SmartQarza Loan App within 5 minutes. Here we go!
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I Need 20,000 Rupees Loan Urgently | SmartQarza-Urgent Loan 10,000
Table of Contents
- I Need 20,000 Rupees Loan Urgently | SmartQarza-Urgent Loan 10,000
- SmartQarza Loan App
- Eligibility Criteria
- Who To Get Loan From SmartQarza Loan App?
- Loan Amount
- Loan Calculator
- How To Download SmartQarza App
- SmartQarza-Gold Lion
- Eligibility and Features Of SmartQarza-Gold Lion
- Benefits Of SmartQarza Loan Apps
- Cons Of SmartQarza Loan App
- FAQs | SmartQarza Loan App | I Need 20,000 Rupees Loan
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SmartQarza Loan App
SmartQarza is a well-known cash loan app in Pakistan. You can use it on your phone, and it’s very simple to apply for a loan if you meet their conditions/Eligibility Criteria.
If you’ve used the app before, you might even applicant get up to Pkr. 2k-25k at a reasonable cost. The best part is that it’s really fast you can get your money in just a few minutes, and you don’t have to give any valuables as security.
SmartQarza is available wherever you are and whenever you need cash. Plus, it’s all legal and safe because it’s registered by a company licensed by SECP in Pakistan.
This is the Top Loan app in Pakistan and it is also registered with SECP.
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Eligibility Criteria
Here are the eligibility criteria for the SmartQarza Loan App:
- Age: Applicant age Between 18 and 60 years.
- Valid CNIC: Must be a Pakistani citizen with a valid CNIC.
- Valid Phone Number: A phone number that is valid and registered to your CNIC, or a SIM card registered in your name.
Who To Get Loan From SmartQarza Loan App?
To get a loan from the SmartQarza Loan App, here are the detailed steps to follow:
- Download the SmartQarza Loan App: You can download the SmartQarza Loan App from the Google Play Store on your Android device. Install the app and open it.
- Registration with your mobile number: Once the app is installed, register by providing your mobile number. You’ll receive an OTP (One-Time Password) on your registered number for verification.
- Fill out the Application Form: After successful registration, fill out the loan application form. This is a quick and straightforward process that should only take a few minutes like 2-5 minutes.
- Loan Transfer in your account: If your loan application is approved, the loan amount will be transferred to the bank account/or any other account that you choose you specify during the application process.
- Loan Repayment: Make sure to repay the loan on time to avoid extra charges. If you did not repay on time, a 2% daily charge on the total amount applies.
- Access to Higher Loan Amounts: As you build a good borrowing history with SmartQarza and repay your loans on time, you gain access to higher loan amounts in the future at lower fees.
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Loan Amount
By using the SmartQarza Loan App, you can get loan amounts ranging from 2,000 PKR to 25,000 PKR. This loan amount is not Interest-Free.
Loan Calculator
Here is the explanation of the Loan Calculator.
- Choose Loan Amount: Select the loan amount you need from the available range, which ranges from 2,000 PKR to 25,000 PKR.
- Select Annual Percentage Rate (APR): Pick the Annual Percentage Rate (interest rate) based on your agreement with SmartQarza, which can range from 20% to 220%.
- Select Loan Duration (in days): Choose the number of days you want the loan for, which can be any duration between 28 days and a maximum of 90 days.
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Example:
Charges:
In the Loan Calculator for a 25,000 PKR loan with a 50% Annual Percentage Rate (APR) for a 90-day term:
- Markup: The calculated markup on the loan is 375.00 PKR. This is the interest or profit portion of the loan.
- Service Fee: The service fee is 1,353.60 PKR. This is a fee associated with processing the loan and providing services.
- Process Fee: Another fee of 1,353.60 PKR is applied as a processing fee. This fee covers the cost of processing your loan application.
- Late Payment Fee: If you fail to make your payment on time, a late payment fee of 2% of the outstanding loan amount will be charged.
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How To Download SmartQarza App
You can download the SmartQarza Loan App by Clicking here https://play.google.com/store/apps/details?id=com.creditcat.tech.app.
SmartQarza-Gold Lion
Fintech Innovators: Gold Lion is a famous Pakistani company that makes it simple for people to get quick and easy money help without the usual complex bank procedures.
Helping People in Need: Gold Lion’s main mission is to assist folks who need money by offering fast and straightforward financial support.
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Eligibility and Features Of SmartQarza-Gold Lion
Here are the eligibility criteria and features Of SmartQarza-Gold Lion.
- Pure Credit: SmartQarza-Gold Lion gives you a loan without needing any stuff like valuables or assets.
- Loan Amount: You can ask for a loan between 3,000 and 50,000 PKR.
- Loan Terms: You can take your time to repay the loan, with flexible terms from 61 to 90 days.
- Income Level: To get a loan from SmartQarza-Gold Lion, your yearly income should be below 600,000 PKR. This way, it’s open to people with different incomes who need financial help.
Benefits Of SmartQarza Loan Apps
Benefits of SmartQarza Loan Apps:
- Big Amount: With SmartQarza, you can get a big amount of money, ranging from 2,000 PKR to 25,000 PKR.
- Long Term: You have the flexibility to choose a longer repayment period of up to 90 days.
- SmartQarza-Gold Lion: The partnership with Gold Lion means you have the support of a reputable financial institution that provides hassle-free assistance.
- Easy to Receive Loan: The application process is incredibly simple and quick, typically taking just 3 to 5 minutes to complete.
- Easy to Get Loan: SmartQarza makes it easy for you to qualify for a loan, and the eligibility criteria are designed to be accessible to a wide range of individuals.
- Urgent Loans: SmartQarza ensures that you can get the financial help you need promptly.
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Cons Of SmartQarza Loan App
- High-Interest Rate: Applicant from SmartQarza might mean paying a considerable interest rate, which can make your loan more expensive overall.
- High Service Fee: On top of interest, there’s an added service fee, which increases the cost of your loan, particularly for larger amounts.
- High Process Fee: Along with interest and service fees, there’s also a significant process fee that can further raise the total cost of your loan.
- High Late Payment Fee: If you can’t repay your loan on time, a steep late payment fee of 2% per day on the remaining loan amount can quickly add up.
- Not Aligned with Islamic Principles: For individuals adhering to Islamic finance principles, it’s important to note that charging or paying interest (Riba) is not allowed. The high interest rates on SmartQarza loans may not be following these principles.
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FAQs | SmartQarza Loan App | I Need 20,000 Rupees Loan
What is a loan app?
A loan app is a mobile application that allows you to get a loan directly from your smartphone. SmartQarza is a cash loan app in Pakistan that allows users to apply for urgent loans ranging from PKR 2,000 to 25,000. It operates 24/7 through a mobile app.
What is the SmartQarza Loan App?
SmartQarza Loan App is a mobile application that allows users to apply for short-term loans in Pakistan. It provides quick access to financial assistance directly from your smartphone.
Write Top Loan Apps In Pakistan?
Here are the details Of the Top Loan Apps:
1. SmartQarza Loan App
2. PaisaYaar
3. Abhi! Tour Salary Now
4. Alkhidmat Foundation
Which loan apps are registered with SECP?
These loan apps are registered with SECP:
1. SmartQarza Loan App
2. PaisaYaar
3. Abhi! Tour Salary Now
How do I apply for a loan with SmartQarza?
To apply for a loan through the SmartQarza Loan App, download the app, complete the registration, fill out the loan application form, and provide the required personal and financial information. Once approved, the loan amount is typically deposited into your bank account.
What loan amounts can I get from the SmartQarza Loan App?
SmartQarza offers loan amounts ranging from PKR 2,000 to 25,000. However, these loans are not interest-free. They come with specific charges, including markup, service fees, and processing fees.
What is the repayment period for the SmartQarza loan App?
The loan repayment period for the SmartQarza loan App typically ranges from 61 to 90 days, you have to pay the loan amount in these days otherwise 2% charges put on the total loan amount.
What are the eligibility criteria for the SmartQarza loan App?
Here are the eligibility criteria for the SmartQarza loan App:
Age: Applicant age Between 18 and 60 years.
Valid CNIC: Must be a Pakistani citizen with a valid CNIC.
Valid Phone Number: A phone number that is valid and registered to your CNIC, or a SIM card registered in your name.
What is the SmartQarza Loan Calculator?
The SmartQarza Loan Calculator is a tool that helps users estimate the total cost of their loan, including interest and fees, based on the loan amount, Annual Percentage Rate (APR), and loan duration.
How do I use the SmartQarza Loan Calculator?
Using the SmartQarza Loan Calculator is easy. Enter the loan amount you wish to borrow, the Annual Percentage Rate (APR), and the loan duration in days. Click “Calculate,” and the calculator will provide an estimate of the total repayment amount.
What is the loan duration range in the calculator?
The calculator often allows users to select loan durations ranging from 28 days to a maximum of 90 days.
Are there any benefits of using SmartQarza for loans?
Yes, SmartQarza offers several benefits, including the ability to borrow significant amounts, flexible repayment periods of up to 90 days, and the support of Gold Lion, a reputable financial institution.
What are the cons of using SmartQarza for loans?
Some cons include a high-interest rate, added service fees, significant processing fees, and a steep late payment fee of 2% per day on the remaining loan amount.
How does SmartQarza-Gold Lion enhance the loan experience?
The partnership with Gold Lion ensures that borrowers have the support of a reputable financial institution, making the loan process with SmartQarza hassle-free.
Recommended Reading: Get 25K Personal Loan Via Mobile In Pakistan | Paisayaar-Best Loan App
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