Loan limit set for users of digital loan apps - Pakistan

Mortgage restrict set for customers of digital mortgage apps – Pakistan

Economy By Aug 08, 2023 No Comments



The Securities and Change Fee of Pakistan (SECP) has set mortgage limits to guard customers of licensed digital mortgage apps.

Based on the main points, the Securities and Change Fee of Pakistan has taken additional steps to guard the customers of digital mortgage apps and set the restrict of loans taken from licensed apps.

Based on the announcement issued by SECP, the utmost restrict for a consumer to get a mortgage from the app has been mounted, in line with which a consumer can get a mortgage as much as 25 thousand rupees at a time.

The assertion stated that the mortgage availed by the consumer from all mortgage apps can not exceed Rs 75,000 and the utmost mortgage tenure via private mortgage apps can not exceed 90 days.



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