How to download & take an instant loan on Barwaqt app Pakistan

Barwaqt is a top financial service provider in Pakistan, offering secured loans in varying amounts to its clients. These loans feature affordable interest rates and flexible repayment terms. The platform also provides multiple payment methods for loan repayment. The loan application process is straightforward and convenient. So if you are looking for a quick instant loan app where your can borrow money in Pakistan conveniently, this guide will show you how to download, instant, and use the Barwaqt for your personal loans.

Loan Amount	1500 – 25000 PKR
Repayment Period	60 – 90 days
Interest Rates	APR 24%
Loan Requirements	Download and Install Barwaqt app

Barwaqt loan app in Pakistan

How to download the Barwaqt app in Pakistan

Here’s how you can download the Barwaqt Loan app in Pakistan to get started with borrowing money more conveniently online with your mobile phone:

1. Open the Google Play Store on your device.

2. Type “Barwaqt Loan app” in the search bar and hit search.

3. When the app appears in the search results, tap on it.

4. Click the “Download” button to start the download process.

5. Once the app is downloaded and installed, open it.

6. Register with your mobile phone number, and you’re ready to apply for a loan.

How to get an instant loan on Barwaqt App in Pakistan

In order to successfully apply and get an instant personal loan with the Barwaqt app in Pakistan, follow these steps below:

Open the Barwaqt app on your device.
Choose your desired loan amount and duration.
Tap the “See More” button after selecting your loan details.
Fill in the necessary information to proceed with your application.
Upload a front photo of your CNIC and complete the identity verification.
Select either a mobile wallet or bank account as your payment method.
Take a selfie for verification.
Wait 20-30 seconds for your loan estimate to process.
Confirm the loan by tapping the “CONFIRM” button within 72 hours.
Wait for your loan application to be approved.
Once approved, the loan amount will be disbursed to your chosen payment method.

How to pay back your loan in Barwaqt in Pakistan

In case you took an instant loan with the Barwaqt app in Pakistan, here is how you can repay your loan before you due date:

For Telenor users

Log in to your Barwaqt app using your credentials.
Select the option to repay via Mobile Wallet.
Tap on “Pay Now.”
Enter the 5-digit code sent to confirm your payment.
You will receive a confirmation SMS on your mobile, verifying the payment.

For Non – Telenor Customers

Sign in to your Easypaisa account by entering your 5-digit PIN.
Tap the menu button at the top left corner.
Select ‘My Approvals’ from the menu list and approve your payment.
A confirmation SMS will be sent to confirm your payment.

Advantages of Barwaqt Loan App

No Collateral
Safe and Secure loan
Convenient and Hassle-free
Relatively low fees
Flexible loan amount and duration

How to contact Barwaqt Loan App in Pakistan.

You can reach them through their Email: [email protected] or at their physical Address: LDA Community Centre, Near Barkat Market Passport Office, Lahore. Additionally you can contact their offices through their Helpline number: 021-36495000 or 021-36494000

Editor’s Remarks

As we wrap up our article on how to download and take an instant loan from the Barwaqt app in Pakistan, we hope this step-by-step guide has made the process clear and accessible for you. From downloading the app to receiving your loan, each stage is designed to be user-friendly and efficient, ensuring you can get the financial support you need with ease.

Frequently Asked Questions

How long does it take for Barwaqt to approve a loan?

Once you confirm the loan within 72 hours, Barwaqt typically takes 20 to 30 seconds to approve it. However, the process might take longer depending on the accuracy of your information and your eligibility. Approval is dependant upon the verification of your application, so ensure you complete the form correctly to fasten the process.

How much is the first loan amount in Barwaqt?

The loan amounts range from 1500 PKR to 25000 PKR. Based on your qualification criteria, you can obtain a loan within this range.

What happens if I don’t return my Barwaqt loan?

Failure to repay your loan promptly will result in the imposition of late payment fees, which will be charged on your outstanding balance, determined by the overdue loan amount. Be diligent in clearing your loan on time to prevent incurring high expenses.

Is the Barwaqt app legal in Pakistan?

Yes, Barwaqt is a legal lending platform in Pakistan. It operates under the regulations set by the State Bank of Pakistan (SBP) and other relevant authorities to ensure it provides legitimate financial services. Barwaqt adheres to the guidelines for microfinance and digital lending, which include transparency in loan terms, interest rates, and repayment schedules.

What happens if I don’t pay my Barwaqt loan?

In case you don’t pay your Barwaqt loan in time, with each passing day a late payment penalty will be charged. If you still don’t pay, legal action would be taken. So, ensure your pay all your loans in time to avoid inconveniences.

Is Barwaqt app safe in Pakistan?

Yes, but of course, note that using the Barwaqt app, like any financial app, involves certain risks and safety considerations. The first thing you need to do is to ensure that Barwaqt is registered and compliant with the regulations set by the State Bank of Pakistan (SBP). Legitimate lending platforms should adhere to national financial regulations.

How many loan apps are banned in Pakistan?

Over 132 illegal loan apps have been blocked by the Securities and Exchange Commission of Pakistan (SECP) due to their failure to abide with the regulatory terms managing money lending ad transaction in the country.

How do I repay Barwaqt?

In order to repay for the Barwaqt app in Pakistan, you can simply follow the steps below to get submit your payment before deadline day:
– Sign in to your Easypaisa account by entering the 5-digit PIN.
– Tap on the “More” button on your Easypaisa App.
– Tap the “Online Payment” button on your App.
– Enter your Barwaqt Token Number, then tap on the NEXT button.
– Tap on the Pay Now button to pay your loan.