# JazzCash loan: how much you can borrow, the fee, repayment and what happens if you don't pay

URL: https://which.pk/money/guides/jazzcash-loan/
Author: Hassam
Updated: 19 Oct 2026

## Summary

JazzCash's loan, ReadyCash, lends Rs 100 to Rs 50,000 to users it selects by credit score, as of September 2026. It charges 5% a week, with a standard due date of 28 days and a maximum of 56 days; Mobilink Microfinance Bank's schedule caps the charge at 40% per loan. Rs 10,000 repaid at 28 days costs Rs 2,000. You can repay any time in the app, by USSD or at a retailer. If you don't, JazzCash may auto-debit your wallet after 28 days and report you to SBP's eCIB.

## Key facts

- Limit: Rs 100 to Rs 50,000
- Charge: 5% a week, max 40%
- Due date: 28 days, max 56
- Rs 10,000 for 28 days: Rs 2,000

A JazzCash loan, called **ReadyCash**, lends **Rs 100 to Rs 50,000** straight into your wallet, with no documents, but only to users JazzCash selects by credit score. It costs **5% a week**, with a standard due date of **28 days** and a maximum of 56 days, as of September 2026. So **Rs 10,000** repaid on the due date costs **Rs 2,000**, and never more than Rs 4,000.

**Borrow Rs 10,000, repay on day 28:** You return Rs 12,000 (5% a week for 4 weeks, from JazzCash's ReadyCash page (captured 1 Sep 2026). Mobilink Microfinance Bank's July to September 2026 schedule caps the charge at 40% per loan, so the most you can pay on Rs 10,000 is Rs 4,000.)

## How much does a JazzCash loan cost?

JazzCash's page lists a fee of **5% per week**. Mobilink Microfinance Bank's branchless banking schedule of charges lists the same charge for ReadyCash: 5% a week "for only 8 weeks", with a **maximum of 40% per loan**. JazzCash says repaying early reduces the total.

Here is what that means in rupees (our calculation, 5% of the amount borrowed for each week):

| You borrow | After 1 week | After 2 weeks | Due date (4 weeks) | Maximum (8 weeks) |
|---|---|---|---|---|
| Rs 5,000 | Rs 250 | Rs 500 | Rs 1,000 | Rs 2,000 |
| Rs 10,000 | Rs 500 | Rs 1,000 | Rs 2,000 | Rs 4,000 |
| Rs 25,000 | Rs 1,250 | Rs 2,500 | Rs 5,000 | Rs 10,000 |
| Rs 50,000 | Rs 2,500 | Rs 5,000 | Rs 10,000 | Rs 20,000 |

Neither JazzCash nor Mobilink spells out whether the weekly charge compounds, so treat these figures as the floor. The 40% cap sets the ceiling either way.

**5% a week is not a cheap loan:** Taken over a full year, 40% every 8 weeks works out at roughly 260% (our calculation). ReadyCash suits a gap of a week or two, paid back fast. For anything longer, compare [credit cards](/money/guides/credit-cards-pakistan-compared/) and other [loan options](/money/loans/) first.

## Who is eligible for a JazzCash loan, and how do I check my limit?

JazzCash says ReadyCash is for **selected users, based on their credit score**. When it launched the service in March 2018, it said customers who use JazzCash more often have a higher chance of qualifying. JazzCash doesn't publish how the score works or how to raise your limit.

To check your limit, open the JazzCash app and tap **ReadyCash Loan**. Your eligible limit appears before you choose an amount. If you don't see an offer, you aren't eligible right now.

Third-party sites quote other limits, such as Rs 10,000 or Rs 30,000. They conflict with JazzCash's own page, so we don't use them.

## How do I take a loan from JazzCash?

1. **Open ReadyCash.** In the JazzCash app, select **ReadyCash Loan**.
2. **Check your limit.** The app shows the most you can borrow.
3. **Enter an amount.** Pick what you need, up to your limit.
4. **Review and confirm.** Check the amount and charges, then confirm. The money goes straight into your JazzCash wallet.

JazzCash says ReadyCash is also available by USSD and at checkout. We couldn't find the USSD code on any JazzCash page we could open, so we don't list one. Ignore codes posted on random websites, and call JazzCash's helpline on **4444** or **111-124-444** to confirm.

## How do I return a JazzCash loan?

You can repay **part or all of it at any time**, in the app, by USSD or at a JazzCash retailer. Because the charge is weekly, repaying in week one or two saves real money: on Rs 10,000, paying back after one week costs Rs 500 instead of Rs 2,000.

Keep the due date in mind. The standard due date is 28 days, and the longest you can take is 56 days.

## What happens if a JazzCash loan is not paid?

JazzCash lists two consequences:

- **Auto-debit:** after 28 days, JazzCash may take money from your account until the loan is fully recovered. So money that comes into your wallet can go towards the loan.
- **eCIB report:** if you don't repay, JazzCash may report you to the State Bank's **[eCIB](/money/guides/ecib-credit-report-pakistan/)** as a defaulter. Banks and other lenders can see that record when you apply for credit later.

Neither JazzCash's page nor Mobilink's schedule lists a separate late fee for ReadyCash. The charge stops at the 40% cap, but the eCIB record can follow you much longer than the loan does.

## Is the JazzCash loan legal and approved by SECP?

Yes. SECP's whitelist of digital lending apps, dated **22 July 2026**, lists **JazzCash (Private) Limited** for the "Digital Lending Tool" in the JazzCash Android and iOS apps. It sits among 17 approved nano lending apps, and SECP warns on the same list that nano loans are short-term loans with high interest and extra charges.

ReadyCash's charges, though, appear in the schedule of **Mobilink Microfinance Bank**. JazzCash's page doesn't say which company is the lender. SECP's 2023 caps on loan apps (total cost no more than the amount borrowed) cover SECP-licensed lenders. ReadyCash's own 40% cap is stricter than that anyway.

## Other JazzCash loans: ReadyLoad and merchant loans

- **ReadyLoad** lets you buy mobile loads and packages on credit. It costs 5% a week for up to 8 weeks, and any amount you repay is adjusted automatically. In the app, tap ReadyLoad under Mobile Loads & Packages.
- **Instant loans for merchants** carry a daily fee of 1% for up to 28 days, so at most 28% per loan, under Mobilink's schedule.

## JazzCash loan vs easypaisa loan

| | JazzCash ReadyCash | easypaisa easycash |
|---|---|---|
| Amount | Rs 100 to Rs 50,000 | Rs 200 to Rs 25,000 |
| Charge in the app | 5% a week, max 40% | 5% a week, max 40% |
| Charge by USSD | Not listed separately | Flat 20% per 30 days |
| Due date | 28 days, up to 56 | Charges run up to 8 weeks |
| If unpaid | Auto-debit after 28 days; eCIB report | USSD: 5% late fee after 2 days |

easypaisa figures are from its October to December 2026 schedule. The full comparison is in our [easypaisa loan guide](/money/guides/easypaisa-loan/).

More guides: [loan apps in Pakistan](/money/guides/loan-apps-pakistan/), [easypaisa vs JazzCash](/money/guides/easypaisa-vs-jazzcash/), [buy now, pay later](/money/guides/buy-now-pay-later-pakistan/), [Loans](/money/loans/), [Money](/money/).

## Questions people ask

### How much loan can I get from JazzCash?

ReadyCash lends Rs 100 to Rs 50,000, but only to users JazzCash selects based on their credit score. Your own limit shows in the JazzCash app when you open ReadyCash Loan.

### What are JazzCash loan return charges?

5% of the loan for each week, up to 40% over 8 weeks. Rs 10,000 repaid at the 28-day due date costs Rs 2,000, so you return Rs 12,000. Repaying earlier costs less.

### What happens if a JazzCash loan is not paid?

After 28 days, JazzCash may auto-debit your wallet until the loan is recovered. It may also report you to SBP's eCIB credit bureau as a defaulter, which other lenders check.

### How do I return a JazzCash loan?

Repay part or all of it at any time in the JazzCash app, by USSD, or at a JazzCash retailer. Money you add to your wallet after 28 days may be taken automatically.

### Is the JazzCash loan approved by SECP?

SECP's whitelist dated 22 July 2026 lists JazzCash (Private) Limited's digital lending tool in the JazzCash Android and iOS apps as an approved nano lending app.

## Sources

- [ReadyCash loan (Internet Archive capture, 1 September 2026)](https://web.archive.org/web/20260901044630/https://www.jazzcash.com.pk/borrow-money/readycash-loan), JazzCash (accessed 19 Oct 2026)
- [Branchless Banking Schedule of Charges, 1 July to 30 September 2026](https://mobilinkbank.com/assets/documents/SOC_Q3_2026_-_Final.pdf), Mobilink Microfinance Bank (accessed 19 Oct 2026)
- [Digital Lending App White List, Update Date: July 22, 2026 (Internet Archive capture)](https://web.archive.org/web/20260802011340/https://www.secp.gov.pk/document/digital-lending-apps-being-run-and-administered-by-duly-licensed-lending-nbfcs/?ind=1784781149046&filename=Name-of-Digital-Applications-run-by-the-Lending-NBFC-July-22-2026.pdf&wpdmdl=46367&refresh=6a6e98e34a05d1785632995), SECP (accessed 19 Oct 2026)
- [JazzCash Introduces ReadyCash Loan (15 March 2018, Internet Archive capture)](https://web.archive.org/web/20250916051157/https://jazz.com.pk/media-center/detail/jazzcash-introduces-readycash-loan), Jazz (accessed 19 Oct 2026)
- [Schedule of Bank Charges, Branchless Banking, October 2026 to December 2026](https://easypaisa.com.pk/public-information/Schedule-of-Bank-Charges/Schedule-of-Bank-Charges-Branchless-Banking-English.pdf), easypaisa Bank (accessed 15 Oct 2026)
- [SECP imposes pricing caps on digital personal loans (25 September 2023)](https://web.archive.org/web/20250625213848/https://www.secp.gov.pk/wp-content/uploads/2023/09/Press-Release-Sep-25-SECP-imposes-pricing-caps-on-digital-personal-loans.pdf), SECP (accessed 15 Oct 2026)