As dollar rates rise and PTA taxes increase, purchasing a new smartphone in Pakistan has become more expensive. Customers can now buy smartphones with affordable monthly payments from major banks like HBL, UBL, Faysal Bank, and Meezan Bank.
You can use this guide to determine which bank’s mobile loan will best suit your needs by comparing its markup rates, EMI plans, eligibility, documents, pros, and cons, as well as buyer tips.
What Is a Bank Mobile Loan?
EMIs (easy monthly installments) allow you to pay for your smartphone with an easy monthly loan from your bank.
You can apply for these loans for:
- iPhones
- Samsung Galaxy series
- Xiaomi & Redmi
- Vivo & Oppo
- Infinix & Tecno
- PTA-approved models only
The bank offers 0% EMI, low-interest mobile loans, and installment conversions depending on the store and model.
Read More: Buy Mobiles on Credit Card EMI – 0% Installment Plans
Mobile Loan Comparison: HBL vs UBL vs Faysal vs Meezan
| Bank | Tenure Options | Markup | Processing Fee | Eligible Stores | Special Notes |
|---|---|---|---|---|---|
| HBL | 3, 6, 12 months | 0% on selected models | Rs 500–1,000 | Samsung, iPhone, Telemart, Daraz | Fastest approval |
| UBL | 3–24 months | 0–22% (model-based) | Rs 999 | Daraz, Apple resellers | Longest EMI tenure |
| Faysal Bank | 3–18 months | 0% on promotions | No fee | Vivo, Infinix, Mega.pk | Good for mid-range phones |
| Meezan Bank | 3–12 months | 0% (Shariah-compliant) | No fee | Samsung, Apple, Xiaomi | Best 0% Islamic EMI |
HBL Mobile Loan Offers
The HBL Mobile EMI solutions are among the fastest and best in Pakistan. Samsung S-series and iPhones are included in their plans.
HBL EMI Features
- Phones with 0% markup
- The tenures are 3, 6, and 12 months
- With the HBL Mobile App, you can convert quickly
- Daraz, Telemart, AlfaMall, and official brand stores carry this product
- Only PTA-approved phones
| EMI Tenure | Monthly Payment | Total Cost |
|---|---|---|
| 3 Months | Rs 100,000 | Rs 300,000 |
| 6 Months | Rs 50,000 | Rs 300,000 |
| 12 Months (0%) | Rs 25,000 | Rs 300,000 |
UBL Mobile Loan Offers
There are few major banks offering longer EMI tenures than UBL, making it easier to buy expensive smartphones such as the iPhone and Samsung flagship models.
UBL EMI Features
- 3-24 month tenure
- Offers with 0% EMI
- 2% to 22% markup
- Daraz, Apple authorized resellers, and Mega.pk carry this product
- UBL Digital App simplifies conversion
| EMI Tenure | Monthly Payment | Total Cost (Approx.) |
|---|---|---|
| 6 Months | Rs 75,000 | Rs 450,000 |
| 12 Months (10%) | Rs 41,250 | Rs 495,000 |
| 24 Months (Markup) | Rs 26,000 | Rs 624,000 |
Faysal Bank Mobile Loan Offers
The Faysal Bank offers EMI plans for mid-range phones, including Vivo, Infinix, and Oppo.
Faysal EMI Features
- Mobile brands with 0% EMI
- The tenures are 3, 6, 12, and 18 months
- Fee-free processing
- Approval within minutes
- Under Rs 100,000, this is a great phone
| EMI Tenure | Monthly Payment | Total Cost |
|---|---|---|
| 3 Months | Rs 41,666 | Rs 125,000 |
| 6 Months | Rs 20,833 | Rs 125,000 |
| 12 Months | Rs 10,416 | Rs 125,000 |
Meezan Bank Mobile Loan Offers
Mobile financing from Meezan Bank is Shariah-compliant, known as Easy Monthly Installments (0% Riba-Free).
Meezan EMI Features
- Most partner phones come with 0% markup
- There are no processing fees
- Durations: 3, 6, 12 months
- Partnerships with Samsung, Xiaomi, and Apple
- Approval is fast with Meezan
| EMI Tenure | Monthly Payment | Total Cost |
|---|---|---|
| 3 Months | Rs 65,000 | Rs 195,000 |
| 6 Months | Rs 32,500 | Rs 195,000 |
| 12 Months | Rs 16,250 | Rs 195,000 |
(All Banks) Eligibility Criteria
Mobile loans can be obtained by:
- Hold a credit card
- Valid CNIC
- You must be at least 21 years old
- Have a stable income
- Buy from approved partner stores
- Choose a PTA-approved phone
Required Documents
- Front and back of CNIC
- Credit card from a bank
- Invoices for stores
- Proof of income / salary slip (if required)
- Conversion form for EMIs (varies by bank)
The pros of bank mobile loans
No upfront payment
A Rs 400,000 phone can be purchased in small installments.
0% markup options
You can find interest-free plans at some banks.
Easier to buy new flagships
Xiaomi 15 Pro, iPhone 16 Pro, and S25 Ultra become affordable.
Long tenures (UBL up to 24 months)
Suitable for low-income buyers.
Cons of Bank Mobile Loans
Not available without a credit card
EMI is not available to debit card holders.
Some plans include markup
Particularly UBL’s long-term options.
Early settlement fees
You may be charged if you close the EMI early.
Over-buying risk
Phones are sometimes purchased outside of people’s budgets.
How Can You Buy Mobiles on EMI?
- Daraz.pk
- Mega.pk
- Telemart.pk
- HomeShopping
- Samsung and Apple Official Stores
- Hafeez Center / Saddar Karachi (selected partners)
Which Bank Is Best for Mobile Loans
| Category | Winner | Reason |
|---|---|---|
| Best for 0% EMI | Meezan Bank | No markup + no fees |
| Best for expensive phones | HBL | Fast approval + premium partners |
| Best for long-tenure EMI | UBL | Up to 24 months |
| Best for mid-range phones | Faysal Bank | Promotions + no fees |
FAQs
1. Can I get mobile EMI without a credit card?
No. Credit cards are the only way to pay for EMIs and loans.
2. Which bank offers 0% EMI?
Select phones can be purchased with 0% EMI from HBL, Faysal Bank, Standard Chartered, and Meezan Bank.
3. Is EMI available for iPhones in Pakistan?
All major banks offer installment plans for iPhones approved by the PTA.
4. Can I get 24-month EMI?
A 24-month EMI is available from UBL.
5. Do banks charge processing fees?
UBL and HBL waive fees, while Meezan and Faysal Bank do not.
Conclusions
By getting a mobile loan from a bank, you can purchase premium smartphones without having to pay the full price upfront. For all budgets, banks like HBL, UBL, Faysal Bank, and Meezan Bank offer EMI plans to help you finance the latest iPhones, Samsung S25 Ultras, and Xiaomi 15 Pros.
