# Laptop on installment in Pakistan: bank, card and shop plans compared, with the real markup

URL: https://which.pk/money/guides/laptop-on-installment/
Author: Hassam
Updated: 21 Oct 2026

## Summary

On an Acer Aspire Go 15 laptop that Daraz listed at Rs 244,999 on 21 Oct 2026, a 12-month HBL card plan costs about Rs 34,200 extra by our estimate, UBL's about Rs 45,100 and MCB's about Rs 62,100. Qist Bazaar needs no card, but its plan for the same model totals Rs 309,000, about Rs 64,000 more. Meezan's Consumer Ease page doesn't name laptops. Students can get a laptop free through the PM and CM Punjab laptop schemes.

## Key facts

- Laptop used: Acer Aspire Go 15, Rs 244,999 (Daraz)
- Card plan extra, 12 months: HBL ~Rs 34,200 · UBL ~Rs 45,100
- Qist Bazaar extra, 12 months: About Rs 64,000
- Free route: PM and CM Punjab schemes (students)

To buy a laptop on installment in Pakistan, a [credit card installment plan](/money/guides/credit-card-installment-plans/) is usually cheapest if you have a card with enough limit. On an Acer laptop that Daraz listed at **Rs 244,999** on 21 October 2026, HBL's 12-month plan costs about **Rs 34,200 extra**, by our estimate. Qist Bazaar needs no card, but its plan for the same model totals **Rs 309,000**, about **Rs 64,000 more**.

**Extra cost on a Rs 244,999 laptop over 12 months:** HBL ~Rs 34,200 · UBL ~Rs 45,100 · MCB ~Rs 62,100 · Qist Bazaar ~Rs 64,000 (Bank figures are our estimates: markup on a reducing balance with equal monthly payments, plus the processing fee, before tax on fees. The Qist Bazaar figure is its listed advance plus 12 instalments. Rates as of October 2026.)

## How much extra do you pay for a laptop on installment?

We priced one new mid-range laptop across every plan we could confirm: the **Acer Aspire Go 15 (AG15-72P-71MA)**, with an Intel Core 7 150U, 8 GB RAM and a 512 GB SSD. Daraz listed it at **Rs 244,999** on 21 October 2026, with a 1-year Acer warranty, and Qist Bazaar listed the same model code on installment.

| Plan (12 months unless shown) | Needs | Monthly | Total paid | Extra over Rs 244,999 |
|---|---|---|---|---|
| HBL card, 24% a year + Rs 1,200 fee | HBL credit card | ~Rs 23,167 | ~Rs 279,200 | ~Rs 34,200 |
| UBL card, 29% a year + 2% fee | UBL Gold card or higher | ~Rs 23,764 | ~Rs 290,100 | ~Rs 45,100 |
| MCB card, 39% a year + 3% fee | MCB credit card | ~Rs 24,982 | ~Rs 307,100 | ~Rs 62,100 |
| Qist Bazaar, Rs 61,800 down | CNIC, 2 guarantors, cheques | Rs 20,600 | Rs 309,000 | ~Rs 64,000 |
| HBL card, 6 months | HBL credit card | ~Rs 43,739 | ~Rs 263,600 | ~Rs 18,600 |
| UBL card, 6 months | UBL Gold card or higher | ~Rs 44,356 | ~Rs 271,000 | ~Rs 26,000 |

The card rows are our calculations from each bank's schedule of charges. HBL's fees other than markup carry Federal Excise Duty (FED) of up to 16%, which adds a little more. Shorter plans cost much less: over 6 months, MCB's comes to about **Rs 36,000** extra.

Daraz's price is one seller's price, and laptop prices vary between shops. Get a cash quote from two shops, then compare the total of each plan with the lower quote.

## How do credit card installment plans work for a laptop?

You pay for the laptop with your card, then ask the bank to convert the purchase into monthly installments. If you don't convert it, ordinary card markup applies: up to **42% a year** at HBL and **44%** at UBL and MCB.

- **HBL Installment Plan:** 24% a year and a **Rs 1,200** processing fee in its July to December 2026 schedule. Paying it off early costs 6% of the remaining principal.
- **UBL Lite Installment Plan:** any purchase of **Rs 5,000** or more, over 3 to 36 months, at **29% a year** with a fee of **Rs 1,000 or 2%**, whichever is higher. Call **111-825-888** to book it.
- **MCB EasyPay:** purchases of **Rs 25,000** or more, over 3 to 36 months, at **39% a year** with a fee of **Rs 1,200 or 3%**, whichever is higher.
- **Bank Alfalah Step-by-Step:** its July to December 2026 schedule lists installment rates of up to **35.23% to 40.74%** a year, depending on the tenure.

Your card needs enough limit for the full price. UBL's Classic card stops at **Rs 124,999**, so a Rs 244,999 laptop needs a Gold card (Rs 125,000 to Rs 499,999). To compare cards, see [credit cards in Pakistan compared](/money/guides/credit-cards-pakistan-compared/).

**Daraz EMI** works with Standard Chartered, MCB, Silkbank and Bank Alfalah cards on purchases of at least **Rs 10,000**, and conversion can take up to 7 working days. Its rate table is undated, so we don't quote it.

## Can I get a laptop on installments without a credit card?

Yes, through a shop plan such as Qist Bazaar. Its terms say it is a non-banking finance company licensed by SECP, and SECP's list of 22 July 2026 names it as an approved buy-now-pay-later lender.

What Qist Bazaar asks for, from its own pages (checked 18 Oct 2026):

- A copy of your CNIC and **2 guarantors** with their CNICs. A guarantor can be anyone who owns a home or business.
- A visit to check you and your references, a signed agreement and **post-dated cheques** for the instalments.
- The advance, paid on delivery. One product per CNIC, with no form fee or delivery fee.

**Check whether the laptop is new:** Qist Bazaar listed 73 laptops on 21 October 2026, and most were older business models such as Dell Latitude, HP EliteBook and Lenovo ThinkPad lines. They are sold by other stores through Qist Bazaar, and some MacBook listings say "used" in the title. Ask the seller whether the laptop is new or used, and what warranty it carries, before you sign.

For other no-card options, see [buy now pay later in Pakistan](/money/guides/buy-now-pay-later-pakistan/).

## Does Meezan Bank give laptops on installment?

Possibly, but its page doesn't say so. **Meezan Consumer Ease** is Islamic financing (Musawamah) for durable goods, and its page names air conditioners, refrigerators and generators. You get a limit, then buy from the bank's range of products, including through its MeezanSouq app at selected stores.

| Consumer Ease (as of October 2026) | Detail |
|---|---|
| Limit | Rs 35,000 to Rs 10 lakh, valid 3 years |
| Tenures | Up to 24 months |
| Down payment | 5% to 50% of market price |
| Minimum income | Rs 25,000 (salaried) or Rs 40,000 (business) gross a month |
| Instalment cap | 35% of net monthly income |
| Processing fee | Rs 2,200, plus documents at actual |

Ask Meezan whether laptops are in its range and for the total you will repay, since the page gives no profit rate. Meezan's laptop financing document did not open for us on 21 October 2026.

## Is there a laptop on installments without interest?

Some card plans charge **0% markup** on selected products, but none we found is free of fees. UBL advertises 0% markup on more than 1,000 products from partner shops, and MCB runs 0% markup on selected brands through EasyPay Alliance promotions.

Ask for the total in rupees, including the processing fee and tax, and compare it with the cash price at two shops. A 0% plan on a laptop priced above the market is not cheaper.

## Can students get a laptop free from the government?

Yes, if you qualify, and it costs nothing. The **PM Youth Laptop Scheme** gives laptops on merit to students at recognised public institutions with a CGPA of 2.80 or 60% marks. The **CM Punjab Laptop Program** gives Core i7 13th-generation laptops to Punjab-domiciled students; BS students need 65% in intermediate.

The Punjab programme charges no fee to apply or to receive a laptop, and you can't get one if you already received a laptop from any scheme. On 18 October 2026, Punjab's information minister said the second phase of the laptop scheme had been launched. Who qualifies and how to apply is in our [PM laptop scheme guide](/money/guides/pm-laptop-scheme/).

More guides: [mobile on installment](/money/guides/mobile-on-installment/), [AC on installment](/money/guides/ac-on-installment/), [freelancer payment methods](/business/guides/freelancer-payment-methods-pakistan/), [Money](/money/).

## Questions people ask

### Can I buy a laptop on installments in Pakistan without a credit card?

Yes. Qist Bazaar needs no card: you pay an advance on delivery, give post-dated cheques and name two guarantors. It costs more: Rs 309,000 in all on an Acer laptop that Daraz listed at Rs 244,999 on 21 Oct 2026.

### Is there a laptop on installments without interest?

UBL and MCB run 0% markup plans on selected products from partner shops, but processing fees still apply. Ask for the total in rupees and compare it with the cash price at two shops.

### Does Meezan Bank give laptops on installment?

Meezan's Consumer Ease finances durable goods from the bank's own range of products, but its page names ACs, fridges and generators, not laptops. Ask Meezan whether laptops are in the range before you apply.

### Is there a government laptop scheme?

Yes, for students. The PM Youth Laptop Scheme and the CM Punjab Laptop Program give laptops free on merit, and the Punjab programme charges no fee to apply.

## Sources

- [Acer Aspire Go 15 AG15-72P-71MA (installment plan)](https://www.qistbazaar.pk/product/acer-aspire-go-15-ag15-72p-71ma-or-intel-core-7-or-150u-or-8gb-ddr4-ram-or-512gb-pcie-nvme-ssd-249), Qist Bazaar (accessed 21 Oct 2026)
- [Laptops on installment](https://www.qistbazaar.pk/product-category/laptops), Qist Bazaar (accessed 21 Oct 2026)
- [Acer Aspire Go 15 AG15-72P-71MA, Core 7-150U, 8GB, 512GB SSD](https://www.daraz.pk/products/acer-aspire-go-15-ag15-72p-71ma-7-150u-8gb-ddr4-512gb-pcie-nvme-ssd-156-fhd-ips-11-1-i1970371281.html), Daraz (accessed 21 Oct 2026)
- [Terms & Conditions](https://www.qistbazaar.pk/page/terms-conditions), Qist Bazaar (accessed 18 Oct 2026)
- [Verification Process](https://www.qistbazaar.pk/page/verification-process), Qist Bazaar (accessed 18 Oct 2026)
- [Digital lending apps run by licensed lending NBFCs (22 July 2026)](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), SECP (accessed 18 Oct 2026)
- [HBL CreditCard (Green and Gold) Schedule of Bank Charges, July to December 2026](https://www.hbl.com/assets/documents/HBL_Gold___Green_CreditCard_SOBC_%28July-Dec_26%29.pdf), HBL (accessed 15 Oct 2026)
- [UBL Credit Card Summary Box (January to June 2026)](https://www.ubldigital.com/portals/0/pdf/KFS-Change-in-SOC-Jan-2026-to-Jun-2026.pdf), UBL (accessed 15 Oct 2026)
- [UBL Credit Card (Lite Installment Plan)](https://ubldigital.com/Loans/Cards-Products/UBL-Credit-Card/UBL-Credit-Card-Product), UBL (accessed 18 Oct 2026)
- [MCB Schedule of Bank Charges, July to December 2026](https://www.mcb.com.pk/assets/documents/SOBC-July-December-2026-English.pdf), MCB (accessed 16 Oct 2026)
- [MCB Classic and Gold Credit Card](https://www.mcb.com.pk/personal/cards/credit-cards/classic-gold-credit-card), MCB (accessed 18 Oct 2026)
- [Schedule of Charges July to December 2026 (conventional)](https://prodbaf.blob.core.windows.net/data/Schedule%20of%20Charges%20July%20-%20Dec%202026%20(conventional).pdf), Bank Alfalah (accessed 15 Oct 2026)
- [Terms and Conditions for Daraz Easy Installments (EMI) Plans](https://www.daraz.pk/wow/i/pk/payment-partners/emi-terms-and-conditions/), Daraz (accessed 18 Oct 2026)
- [Consumer Ease](https://www.meezanbank.com/consumer-ease/), Meezan Bank (accessed 21 Oct 2026)
- [Schedule of Charges, July to December 2026](https://www.meezanbank.com/wp-content/themes/mbl/downloads/home-downloads/SOC-ENG-Jul-Dec-2026.pdf), Meezan Bank (accessed 18 Oct 2026)
- [CM Punjab Laptop Program eligibility](https://hed.punjab.gov.pk/node/1712), Higher Education Department, Punjab (accessed 19 Oct 2026)
- [CM Punjab Laptop Program laptops](https://hed.punjab.gov.pk/node/1675), Higher Education Department, Punjab (accessed 19 Oct 2026)
- [PM's scheme applicants urged to collect laptops from university](https://www.geo.tv/latest/651968-pms-scheme-applicants-urged-to-collect-laptops-from-university), Geo News (accessed 19 Oct 2026)
- [Check CM Punjab Laptop Phase 2 status](https://pakera.pk/check-cm-punjab-laptop-phase-2-status/), Pakistan Era (accessed 19 Oct 2026)
- [CM Punjab launches second phase of laptop, scholarship schemes (18 Oct 2026)](https://www.nation.com.pk/18-Oct-2026/cm-punjab-launches-second-phase-laptop-scholarship-schemes), The Nation (accessed 19 Oct 2026)