ReadyCash by Bank Alfalah l Jazzcash Loan Up to 30,000 Fast Simple Instant

 ReadyCash by Bank Alfalah l Jazzcash Loan Up to 30,000 Fast Simple Instant

Need instant short-term loan right away? JazzCash brings to you ReadyCash by Bank Alfalah, a loan service that will process and issue you a loan in a few seconds for up to PKR 30,000

ReadyCash by Bank Alfalah is a convenient, small ticket sized loan product offered to existing JazzCash Mobile Account holders. With this service, customers no longer need to go through heavy documentation or processes to get a loan. With just a few taps on your mobile phone, you can get an instant loan in your wallet and fulfill your needs right away!

Customers can avail ReadyCash by Alfalah for a duration of eight weeks; with the option to pay back early as well. Further, customer can also repay their loan in either full or partial amount, as per their convenience. The loan offers optimized pricing starting from 8% per week. However, repeat customers can benefit from reduced pricing through positive repayment behavior.

Eligible customer can get only a single loan at a time ranging from PKR 500 to PKR 30,000. The loan amount, however, is subjective and range can vary over time based on customer’s Mobile Account and JazzCash App usage and credit scoring. Currently, the service is available for a limited number of customers only – who will be informed about their eligibility through SMS and digital channels.

What is ReadyCash by Bank Alfalah

ReadyCash by Bank Alfalah is a small ticket sized loan product with a short tenor which will be offered to existing JazzCash wallet accountholders. Eligible customers can get a loan ranging from PKR 500 to PKR 30,000. The maximum tenor of this loan is 8-weeks. The loan amount, however, is subjective and range can vary over time based on customer’s DBR and repayment behavior

Who is Eiligible For ReadyCash by Bank Alfalah

Only existing JazzCash Mobile Account holders are eligible for ReadyCash by Bank Alfalah. Eligibility is calculated based on customer’s Mobile Account and JazzCash App usage and credit scoring. The following criteria are considered:

• Salaried individual or self-employed
• Regular user of JazzCash app
• Sufficient balance maintained in JazzCash Mobile Wallet Account
• Frequent transactions via JazzCash

Charges of ReadyCash by Bank Alfalah

ReadyCash by Bank Alfalah is a markup free loan product. Customers will only have to pay a processing fee with each repayment. The processing fee keeps increasing on a week on week basis. Starting from 8% during week 1 and going up to a maximum of 25% in the 8th week.

Repayment

Customer can repay the loan at any time during their 8 week loan cycle. After the 8th week however, Bank has the authority to auto-debit the outstanding amount from customer’s wallet account.