PK Loan is an application for Android that provides fast online loans. The service is developed for residents of Pakistan and allows them to borrow a certain amount of money to cover their financial needs.
Support
Users can apply their documents including monthly salary to browse personalized loan plans with affordable interest rates. Once the request is approved, the app sends a notification with feedback. It is possible to securely receive money directly to a bank account, just like in Tala.
The process of managing loans is quite simple. You can schedule the payments and cover the expenses in multiple installments over a given period. It is worth noting that closing the credit far ahead of the expected time allows you to save a significant amount of rates. Moreover, you are able to improve your creditworthiness.
Relevance
As of writing this review the service is officially shut down due to unknown reasons. The utility is deleted from Google Play and the website is closed as well. You can download the APK file from third party platforms, however, sharing financial details on a likely unsupported app may compromise your privacy.
Features
- possible to track loan status and receive alerts about upcoming payments;
- users can increase their credit score to borrow more money next time;
- there are budgeting tools which help to monitor expenses and income;
- free to download and use;
- compatible with supported Android versions.
