Faysal Bank Personal Loan Scheme: Eligibility Criteria and Requirements

Faysal Islami offers a Shariah-compliant personal finance solution, based on Islamic Tawarruq structure. This financing option helps meet your needs for education, wedding, hospitalization, and more.

Key Features:

Islamic financing with no Riba
Loan amount: PKR 50,000 to PKR 4,000,000
Tenure: 1-4 years
Fixed profit rate and monthly installments
Non-refundable processing fee: PKR 7,000 + FED
Late payment charity: PKR 500 per missed installment

Eligibility:

Age: 18-70 years (Senior Citizens exempt from max. age limit)

Minimum income:

Salaried: PKR 50,000/month
Self-employed: PKR 100,000/month

How to Apply:

Apply Online Click Here

Visit our branches or contact us:

Phone: 021 111 06 06 06
SMS: “IPF” space “City Name” space “CNIC” to 9181

Faysal Islami Personal Finance: FAQs

1: How do I apply?

Visit our branches, call 021 111 06 06 06, or SMS “IPF” space “City Name” space “CNIC” to 9181. You can also apply online at https://www.faysalbank.com/en/islamic/

2: What’s the loan limit?

Get PKR 50,000 to PKR 4,000,000 (up to PKR 4 million, subject to income and DBR).

3: What profit rate options do I have?

Only fixed profit rate is available, with equal monthly installments.

4: Is there a processing fee?

Yes, PKR 7,000 + FED.

5: What’s the loan tenure?

12 months to 48 months.

6: How do I repay?

Choose from:

Deposit into linked account
Over-the-counter payment
Cheque in drop box
Funds transfer (if you have an FBL account)
Faysal Digibank app or internet banking

7: Can I repay early?

Yes, deposit outstanding amount + facility closure request to designated branches or call 021 111 06 06 06.

8: Are there early payment charges?

No, but pay entire outstanding (Principal + Profit) amount.

9: How will I know my monthly installments?

Receive Repayment Schedule in Welcome Pack after disbursal.

10: What’s my monthly payment due date?

Choose 1st or 15th of the month in the application form.

11: Where can I lodge a complaint?