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Barwaqt Loan App Download APKBarwaqt Loan App Download APK

Last Updated on: 27th February 2024, 05:56 am

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The Barwaqt loan app download apk can be found on our website. In Pakistan, getting a loan has never been easier thanks to the Barwaqt App, which offers quick access to cash in just five minutes.

With over one crore users across the country, the Barwaqt loan app has become a go-to solution for individuals in need of financial assistance.

Barwaqt Loan App Pakistan

Offering loans ranging from 21,000 to 25,000 rupees, the Barwaqt loan app apk ensures that every Pakistani has access to the funds they require, with the simple provision of an ID card.

What are the Features of Barwaqt Loans in Pakistan?

  1. Loan Amount: From PKR 1,500 to PKR 25,000
  2. Loan Term: From 61 days to 90 days
  3. Annual Percentage Rate (APR): 24%
  4. Maximum APR: 24%
  5. Additional Fees: None

For instance, let’s consider the example of a Barwaqt loan:

Assuming charges of PKR 6,000 for three months, the breakdown is as follows:

  • Monthly Interest Rate: 24% / 12 = 2%
  • Total Interest: PKR 6,000 * 2% * 3 = PKR 360
  • Total Repayment Amount: PKR 6,000 + PKR 360 = PKR 6,360
  • Monthly Payment Amount: PKR 6,360 / 3 = PKR 2,120

How to Apply online for a Loan through the Barwaqt Loan App:

  1. Download the Barwaqt app from the Google Play Store onto your mobile phone.
  2. Register using your mobile phone number.
  3. Complete the application process by providing personal information and submitting a clear photo.
  4. Await approval, after which disbursement of funds will commence.

With the Barwaqt Loan App apk, obtaining financial assistance is not only swift but also hassle-free, ensuring that all Pakistanis have access to the funds they need when they need them.

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