LoanHissab note: This guide is for education and estimation only. Rates, fees, taxes and eligibility can change. Always confirm the final terms directly with your bank before applying.
Weddings in Pakistan are expensive, and the pressure to do things properly is real. Mehndi, baraat, walima, clothes, jewellery, the hall, the food. Many families end up looking at a personal loan to cover the gap.
That can be a sensible decision, as long as you know what the loan will actually cost you after the wedding is over.
What a wedding loan really costs
Personal loan rates in Pakistan currently run from about 21.5 to 24.5 percent a year. We used 23 percent, roughly the middle, to show what different amounts cost:
| Loan | 1 year: monthly | 1 year: total cost | 2 years: monthly | 2 years: total cost | 3 years: monthly | 3 years: total cost |
|---|---|---|---|---|---|---|
| Rs 3 lakh | Rs 28,223 | Rs 38,675 | Rs 15,712 | Rs 77,088 | Rs 11,613 | Rs 1.18 lakh |
| Rs 5 lakh | Rs 47,038 | Rs 64,458 | Rs 26,187 | Rs 1.28 lakh | Rs 19,355 | Rs 1.97 lakh |
| Rs 8 lakh | Rs 75,261 | Rs 1.03 lakh | Rs 41,899 | Rs 2.06 lakh | Rs 30,968 | Rs 3.15 lakh |
| Rs 10 lakh | Rs 94,076 | Rs 1.29 lakh | Rs 52,373 | Rs 2.57 lakh | Rs 38,710 | Rs 3.94 lakh |
“Total cost” is what you pay the bank on top of the amount you borrow.
Look at the Rs 8 lakh row. Over three years, the installment is about Rs 31,000 a month, which feels manageable. But you repay about Rs 11 lakh in total. That is Rs 3 lakh extra, and you are still paying for the wedding two and a half years after it.
The salary you need
Banks keep all your installments together within about 40 percent of your income. On a three year term, that means roughly:
- Rs 3 lakh needs an income of about Rs 29,000 a month
- Rs 5 lakh needs about Rs 48,500
- Rs 8 lakh needs about Rs 77,500
- Rs 10 lakh needs about Rs 97,000
Most banks also want salaried applicants to earn at least Rs 40,000 to Rs 50,000 a month. If you already pay for a car or have credit cards, the bank counts those too.
Five ways to borrow less
- Every lakh you don’t borrow saves about Rs 40,000 over three years at these rates.
- Settle the guest list early. Food is usually the biggest single cost, and each function multiplies it.
- Spread the costs. Pay for what you can from savings and family contributions first, and borrow only for the gap.
- Choose a shorter term if you can. On Rs 5 lakh, one year costs about Rs 64,000 in total; three years costs about Rs 1.97 lakh.
- Avoid credit cards for wedding spending. Card rates are usually higher than a personal loan’s.
Which bank?
In our September comparison, Meezan Bank’s Islamic personal finance had the lowest rate at 21.5 percent, followed by Bank Alfalah at 22.5 percent. Fees and approval rules matter as much as the rate, so compare a few. Our personal loan guide puts seven banks side by side.
Personal loans in Pakistan are usually fixed for the whole term, so the rate you sign at is the rate you keep. The State Bank’s next interest rate decision is on 26 October 2026.
Work out your own numbers
Enter your amount, term and salary in the Personal Loan Calculator to see your installment and whether the bank is likely to approve it. If you have been turned down before, our guide on why personal loans get rejected explains how to fix it.
Rates were checked in September 2026 and confirmed current on 12 October 2026. Your bank’s written offer is always the final word.
Work out your personal loan
- Bank Alfalah Personal Loan Calculator
- HBL Personal Loan Calculator
- Loan Documents Checklist for Pakistan 2026: Salaried, Business and Overseas
- How Much Salary Do You Need for a Car, Home or Personal Loan in Pakistan?