You can avail any amount ranging from PKR 150,000 to PKR 3,000,000 based on your eligibility and the Bank’s criteria

HBL ReadyCash is a running finance facility. Mark-up is charged only on the utilized amount and for the number of days utilized.

You are eligible to apply for HBL ReadyCash, if you meet the following criteria:

For Self-Employed Business, Sole Proprietors and Partners

• Business needs to exist for a minimum of 2 years with a relationship of 1 year with HBL
• Between 25-62 years of age.
• Average 6 months’ balance: PKR 50,000 and above

For Salaried Individuals

• Minimum Net Income of PKR.75,000/- with salary credited into HBL
• Between 21-57 years of age

The credit facility is reviewed on yearly basis for extension, subject to the terms and conditions of the bank.

You will submit your dues in your designated Repayment account opened with HBL.

You can repay your outstanding amount through following modes:

• HBL Mobile App and other bank mobile apps
• Internet Banking
• HBL Branches across Pakistan (via cheque or cash)
• Funds transfer from any other bank account to HBL Repayment Account

Kindly do not submit payment in your HBL ReadyCash Account to avoid confusion and imposition of Late Payment Charges.

Schedule of Charges

• One-time Processing Fee of Rs. 6,000 or 1.25% of the credit limit whichever is higher
• Annual Charges of Rs. 5,000 (to be charged from end of first year)
• Markup rate of 33% per annum
• Late payment charges: PKR 1,250 per late payment
• Limit enhancement fee PKR 2,500

FED is applicable on all above-mentioned charges.

All above charges are irreversible.

It is offered in all HBL branches across Pakistan

No. HBL ReadyCash is an unsecured running finance facility, and no collateral is required.

Yes, if you are already a HBL ReadyCash customer, you can apply for limit enhancement.

You can avail any amount ranging from Rs. 150,000 to Rs. 3,000,000 based on your eligibility and the Bank’s criteria.

Your case will be processed in approximately 5 days if salaried and 10 days if self-employed, from the date all documents have been submitted.

Customers can utilize HBL ReadyCash credit limit through following modes:

• HBL Debit Card: This can be used in ATMs globally to withdraw cash, e-commerce and POS Payments.
• Cheques (to be applied through HBL branches)
• Inter Bank Funds Transfer
• HBL Mobile
• HBL InternetBanking

Minimum amount due will comprise of following:

• 2% of the principal outstanding amount
• Accrued markup for the outstanding days
• Applicable charges if any (Processing Fee / Late payment charges / Annual fee).

The minimum amount will be debited on first day of following month.

If the minimum due is not received within the due date (i.e., 20th of every month) of your HBL ReadyCash monthly statement, markup will continue to be charged on the outstanding amount and late payment charges will be applicable on 21st of every month. ​

Late Payment Charges: Rs 1,250+ FED (per month)​

Please note that in case if customer fails to pay the monthly minimum due amount for a regular period, the customer will be reported in Credit Bureau and may further lead to blocking of limit/ suspension of facility. This is to inform you that the State Bank of Pakistan (SBP) will include two years’ history of negative / overdue information(including but not limited to overdue payments, late payments, write-off or reversal of mark-up etc.) in eCIB. You are therefore, advised to ensure timely payments of your minimum payment to avoid any adverse information being reported or reflected on your e-CIB.​