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

To buy a laptop on installment in Pakistan, a credit card installment plan 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.

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.

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.

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.

For other no-card options, see buy now pay later in 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.

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.

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