Every instalment plan in Pakistan quotes you a monthly figure. Almost none of them quote you the total. This post does the arithmetic the other way round.
What are the actual options?
There are five distinct routes to a phone on instalments in Pakistan, and they differ less in the monthly figure than in what they demand from you up front.
| Route | Needs a credit card? | Published markup | Tenures |
|---|---|---|---|
| Bank instalment plan / credit-card EMI | Yes | Often “0%” plus a processing fee and FED | 3–36 months |
| Retailer plan via a finance partner | No | PriceOye/FinPro: 9% at 3mo, 18% at 6mo, 27% at 9mo, 36% at 12mo | 3–12 months |
| Wallet pay-later | No | JazzCash Yeylo: 15% service charge | 60 days, in 3 payments |
| Islamic bank consumer financing | No | Meezan Consumer Ease: rate not published; PKR 1,800 flat processing | 3–24 months |
| Instalment platform | No | Oraan: 21% at 10 months, 10.5% at 5 | 5 or 10 months |
Dealer-run schemes are a sixth route and the hardest to price, because most publish no percentage at all. QistBazaar builds its profit into the product price rather than quoting a markup, and asks for two signed references, a utility bill, physical verification and post-dated cheques.
What does each one cost on a PKR 100,000 phone?
Run the published rates on one handset and the spread becomes obvious.
| Plan | Monthly | Total paid | Cost of waiting |
|---|---|---|---|
| PriceOye, 3 months at 9% | PKR 36,333 | PKR 109,000 | PKR 9,000 |
| Oraan, 5 months at 10.5% | PKR 22,100 | PKR 110,500 | PKR 10,500 |
| JazzCash Yeylo, 60 days at 15% | 3 payments of PKR 38,333 | PKR 115,000 | PKR 15,000 |
| Oraan, 10 months at 21% | PKR 12,100 | PKR 121,000 | PKR 21,000 |
| PriceOye, 12 months at 36% | PKR 11,333 | PKR 136,000 | PKR 36,000 |
Two things fall out of that table. The 10-month plans cost roughly twice what the short ones do, because you are holding someone else’s money twice as long. And Yeylo’s 15% looks moderate next to 21% until you notice it is 15% for two months, not ten.
Why is “0% markup” not free?
A 0% bank plan means no markup on the price. It does not mean no cost, because the fee arrives under a different name.
Daraz publishes its bank partners’ terms, which is unusually transparent for this market, and they show the pattern clearly: Standard Chartered charges 0% markup on 3, 6 and 12 months, with processing at 0%, 2.5% and 7% respectively. Bank Alfalah runs 0% at 3 months, then 11%, 22% and 33% as the tenure lengthens. Silkbank goes 0%, 12%, 24%.
Federal Excise Duty applies on top of the processing fee. So the honest way to read a 0% offer is: the markup is zero, the processing fee is not, and the 0% usually applies only to the shortest tenure on the list.
The other thing to check on a 0% plan
Retail price. A 0% plan on a handset priced 15% above what the shop down the road charges for cash is not a 0% plan — you paid the markup at the till instead of in the schedule. Price the phone for cash somewhere else first.
What do you need to qualify?
The document list is the real dividing line between these routes, and it is where most applications fail.
| Route | Typically needs |
|---|---|
| Bank / credit-card EMI | An eligible credit card, which needs proof of income to obtain |
| Islamic bank financing | Account relationship, income documentation, 5–50% down payment |
| Dealer scheme | CNIC, two references, utility bill, physical verification, post-dated cheques |
| Oraan Instalments | CNIC, identity verification, confirmation of your income, and a credit-bureau check |
Oraan Instalments is open to new customers — you apply through the app or the form rather than needing to have used another Oraan product first. What it does not skip is the assessment: you will be asked to show what you earn, whether through a salary slip or another record of your income, and applications are reviewed rather than approved automatically.
No credit card is needed, and there is no separate down payment — the first monthly instalment confirms the plan. Neither of those makes it a shortcut.
The four questions to ask before you sign
Ask these in this order, and get the answers in writing:
- What is the total rupee amount I will have paid at the end? Not the monthly figure. The total.
- What do I hand over on day one — down payment, first instalment, cheques, documents?
- What happens if I pay late, and what is the exact charge?
- Can I settle early, and does that reduce what I owe? On a fixed-price instalment sale the answer is often no, and it is better to know before than after.
A provider that answers all four in writing is telling you something about how it will behave in month seven. One that will only talk about the monthly figure is telling you something too.
Markups, fees and tenures are as published by each provider and were checked on 10 September 2026; providers change them without notice, so confirm current terms directly. Worked totals are arithmetic on published rates, not quotes.
Sources
- State Bank of Pakistan, Payment Systems Review Q2 FY26 — card figures, quarter ended 31 December 2025
- PriceOye FinPro instalment plans — 3, 6, 9 and 12-month markups
- JazzCash Yeylo — pay-in-3 terms and service charge
- Daraz EMI terms and conditions — per-bank markups and processing fees
- Meezan Bank Consumer Ease — tenures, down payment and processing fee
- QistBazaar terms and conditions — documents, references and post-dated cheques
- Oraan Instalments — Oraan’s own tenures and service fee
