Buy Mobile Phone on Installments in Pakistan


Smart Phones are now becoming a necessary part of our lives, but as we all know that the huge number of people are salaried person in Pakistan and it is very difficult for a salaried person to spend 35- 40K in a single month to buy a mobile phone.

There are many shop keepers and websites which are giving options to buy a mobile phone on installments in Pakistan but those websites and shop keepers are charging big amount as interest.

I found to Monthly installments plan (EMI) to be the best plan for a salaried individual to buy a mobile phone(smart phone) in offers 3,6 and 12 Months of installment plan for anything which is greater than the value of 10,000,

In this post i am going to list down the best possible details about daraz monthly installment plan(EMI) which will help you in buying a mobile phone on installments from daraz.

Let’s start with requirements for Daraz (EMI) Plan


In order to available daraz Easy monthly installment plan you need to have a Credit card from any of the following bank.

  1. MCB (Credit Card)
  2. Silk Bank (Credit Card)
  3. Bank ALfalah(Credit Card)

This offer is only available for credit card holders and not for Debit cards.

Installments Tenure

Silk Bank

  • 3 Months (No Markup)
  • 6 Months (12% Markup)
  • 12 Months (24% Markup)

Bank Alfalah

  • 3 Months (No Markup)
  • 6 Months (18% Markup)

MCB Bank

  • 3 Months (No Markup)
  • 6 Months (No Markup)
  • 12 Months (No Markup)

Processing Fees

EMI does not have any down payment or any other hidden cost attached to it. The following banks charge a processing fee upon activation of the EMI plan

  • MCB processing fee: 2.5%
  • Silkbank processing fee: Rs. 1500 or 1.5% (whichever is higher) + FED is charged to the customers by the bank on activation.

Minimum Value of Product for Installments plan.

Any product at daraz which has a minimum value of Rs. 10,000 is eligible for Monthly installments plan.

How to select Installments plan

When you order any product from daraz which has a minimum value of Rs. 10,000 you can avail installments plan, simply on check page when payment is being made you need to select the EMI and then select your bank and it will show you available number of months for your bank.

You need to select that option and then enter your credit card details and make the payment.Once the payment is made the total amount will be blocked from your credit limit.e.g. If you have Rs. 50,000 credit limit in your credit card and you are about to buy a product worth Rs. 25,000 then Rs. 25,000 will be blocked from your credit limit and it will release on each installment you will make every month.

Final Thoughts

Personally i think that daraz monthly installment plan is a great option for salaried person who can’t afford expensive mobile at once.EMI process is very simple and quick.Anyone who has a credit card from MCB ,Silk bank or Bank Alfalah can enjoy this offer.We hope that daraz will extend this option and will add more banks in future.

More Details can be check here.


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