3 Tips While Selecting a Credit Card in Pakistan

When used correctly, a credit card can be useful as a financial tool when spreading out payments for big expenses. However, you need to make sure that you pick the right credit card in Pakistan that will suit your needs. Banks in Pakistan offer a number of credit cards from their product portfolio, and by considering these tips, you should be able to pick the right one that can match your needs:

Reflect on your spending – Before you pick a credit card, take some time to sit down to think about your spending pattern. That way, you know exactly what you will use it for. Keep in mind that credit cards require monthly payments and some may come with annual fees, which can be waived by some banks at some point, especially if you can prove that you are a loyal customer who can pay back on time. Hence, if you are confident that you can keep up with the payments and you do not mind the interest rate, then you may proceed.

Check the interest rate or APR (annual percentage rate) – It is a must that you need to get a list of reputable banks in Pakistan to go over their credit card interest rates. However it is a time taking activity which needs lots of effort as well. Consider using an online comparison platform that is informative, up-to-date, and capable of providing impartial information that can help you make an informed decision. Some of the established and reputable banks you should look for are HBL, Standard Chartered, Bank Alfalah, Meezan Bank, Dubai Islamic Bank, Silk Bank, And JS Banks etc. Use the comparison platform to discover the different types of credit cards offered by these banks.

Credit cards in Pakistan can have a ‘variable’ or ‘fixed’ rate. Fixed rates remain the same per month, and variable rates can change from time to time based on KIBOR rates. However, a fixed rate credit card may change depending on factors like your ability to pay off and if you constantly have late payments.

Think about the credit you will need – Credit pertains to the amount a lender can give to you. It will depend on your credit history and income level, and it can range from small to an enormous amount. Consider the things you intend to buy or pay for using the credit card and your monthly earnings when deciding on the right credit limit.

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How to Choose the Right Agency for Home Loans in Pakistan

Your home will be one of the biggest investments you will ever make in your lifetime. Hence, it makes sense to want to be able to afford it in the long run. The right lender or agency for home loans in Pakistan can help you achieve that. So, you need to make sure that you pick only the right lender that can provide the loan is right for your budget. Here are some tips to help you choose the best agency for home loans in Pakistan:

• Determine your requirements – Think about your financial capacity and examine your credit. Lenders typically evaluate your income, debt service ratio, and your credit history, so they can determine if you can keep up with your monthly payments. Your credit can tell them how well you manage your finances, and debt service ratio is the proportion of the pay you take home each month that will go to the monthly amortisation. Make sure you will not be spending over 30 percent of your income on the home loan. At this point, you should determine the loan amount that you must borrow, too, and that can be based on your home’s appraised value. Remember to borrow only the amount that you can pay back to avoid losing your investment and prevent foreclosure.
• Look up providers using a reliable online comparison platform for financial products and services – Make sure it is completely free to use and that it provides reliable insight through unbiased reviews. That way, you can easily compare home loan products from leading banks in Pakistan. Once you have made your decision, you can apply for the loan of your choice.

Explore different home loan providers in Pakistan – Banks are often the first option that come to mind when it comes home loans in Pakistan. While they tend to be very stringent with their approval process, you will find that they have the most competitive rates.

Buying a Car Insurance- Better Compare it Online

When it comes to choosing a finance broker company, it is important to have staff that’s honest and professional. There are various considerations when selecting the best broker, but as a basic rule, you should go for one that is licensed. This also applies when you are looking for car insurance.

Having car insurance is crucial if you want to protect your finances against any unfavorable incidents that may happen to your vehicle. A good car insurance policy can cover you from losses if ever your car gets stolen, or if ever it becomes damaged in an accident or during a natural calamity. Depending on your policy, you will have to pay a certain amount of money (commonly known as a premium) every month or year, and a reputable insurance company will give you an assured sum of money when the need comes up. 

That said, the task of looking for the right insurance company and policy can be tricky, especially that there are so many available options now in the market. You have to take time to do your research. 

There are different types of auto/car insurance policies that you may come across. For instance, there is third party liability, and there’s also comprehensive coverage. You must take time to understand those types as well as assess your car’s current values in order to identify the exact value of coverage needed.

You should also compare and evaluate different insurance policies. To make this task easier and more accurate, you can use a trusted online comparison website. You can expect most websites to ask you to key in the details of your car, which can include its current value and the year that it was manufactured. The best car insurance platform in Pakistan will let you compare multiple facilities and policies. You can count on it to give you unbiased reviews.

Compare Car Insurance Online and Bag the Best Deal

Life is unexpected and troubles never honk-the-horn before arriving in front of your car, no matter how skilled and careful you may be as a driver. And so, car insurance is one of the biggest and most important means you have to protect yourself (at least financially) against any kind of misfortune that may befall your automobile.

A car insurance policy can cover you against losses due to theft of your car, damage caused due to accidents and even natural calamities. Each month or annual (based on your policy) you pay a certain amount of money (premium) to the insurance company for the promise of getting an assured sum of money when the need arises. Now – choosing the right insurance policy and company for your needs is a tricky task, considering the sheer number of options available in the market. You should not go ahead without any research and buy a car insurance policy. But taking the time to compare car insurance online can help you save a lot of money in the long run. Here are the steps you can follow to compare car insurance prices online and bag the best possible deal for you:

Step 1: Research and Assess

You must first spend some time to understand the different types of auto/car insurance policies that are available in the market –third party liability, or comprehensive coverage. You must also assess the current value of your car to find the exact value of coverage that it needs. Fault assessment can lead you towards either being uninsured or paying too much for your cover.

Step 2: Compare and Evaluate

Use the internet to find the most trusted online comparison website and begin your foray into the current insurance market. Most websites will require that you key in the details of your car, including current value and year of manufacture to give you a list of policies that will best suit your needs it is this list that will give you the eventual name of your preferred insurer.

Step 3: Make Final Decision

Your decision for the most suitable insurance policy will depend on the following factors:

    Cost of insurance

    Coverage offered

    Track record of the insurer

    Add-on policy features

    Discounts, if any

Evaluate different policy options offered by Mawazna.com comparison platform on the basis of the above factors and you will arrive at the final name for you requirements. By following the above steps, you can find and choose the best car insurance deal that provides effective coverage for your needs and isn’t too heavy on the pocket either. Have fun shopping for insurance online!

Mawazna.com is a growing Car Insurance comparison platform in Pakistan that allows you to compare multiple products and facilities in order to make an informed decision. Visit us online to compare quotes for your car insurance, health insurance, travel insurance, credit cards, bank accounts, persona and car loans, broadband, and more.

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Compare Travel Insurance Pakistan: Finding Best Travel Insurance Policy for Your Trip

Do you have a trip coming up? Are you looking for the best travel insurance in Pakistan to get a good travel insurance coverage? Using reliable websites like Mawazna.com can be the best way to find the most suitable coverage and the most reliable insurer for your trip. However, finding the best insurance policy isn’t all that easy. You need to know certain factors before you finalize your next trip. Here are some tips to help you out with the selection:

Levels of cover

Before you sit down to compare travel insurance in Pakistan, it would be better to figure out the exact level of coverage that will be best suited to your needs. Make a list of the areas you require an insurance coverage for and decide on an amount for each. Your choices should include medical expenses, cancellations, emergency flights, baggage issues, delays and more.

Medical conditions

Make sure you consider the policy followed by a travel insurance provider if you have a pre-existing medical condition. This situation may lead to a sizeable increase in your insurance costs.

Exclusions

When you compare travel insurance plans in Pakistan, learn to look beyond policy costs. Examine the factors that are not covered by the policy - these hidden exclusions can go a long way to create problems for you later on. Be very careful about them when reviewing the policy and reading the product disclosure document.

Sports and activities

Planning to go for an adventurous trip? Make sure you choose a travel insurance policy that covers these extreme sports and activities or else, you may end up voiding your coverage.

Make sure you keep these tips in mind to find the best travel insurance in Pakistan online. All the best with your search!

Find better coverage options when comparing Travel Insurance Plans: Mawazna.com

Now, people are travelling more than ever before and it is no longer an unusual adventure as it used to be. Whether for business or for pleasure, alone or with families, travelers seek new destinations to visit all the time and it is essential to be safe during those trips. When travelling with family or alone, one has to be prepared to face any situations resulting in risks towards business events, health, or in terms of monetary value at unknown territories. This is where travel insurance helps providing you coverage to deal with any such unusual events. 

In Pakistan, travel insurance protects travelers when flights stand cancelled, during medical emergencies, evacuation or other unforeseen circumstances.  Are you also looking to compare travel insurance Pakistan? In order to proceed with Mawazna.com comparison service, one has to be aware of the several types of travel insurance plans that are available in Pakistan:

• Based on the number of people travelling, one can opt for individual or family insurance.
• Based on how frequent you travel, insurance plan can be purchased for single trip or multi trip if required.
• Medical coverage would be an extension of a normal medical insurance as it does not cover the person while travelling. This is one of the most affordable types as it doesn't cover any other aspects such as luggage, delays etc.
• Medical evacuation coverage would cover in case of transportation need to a nearby hospital. It would be of huge help in case of evacuation and recovery of the traveler. This will also save a fortune for the traveler.
• Package travel insurance is much more comprehensive and, hence the more commonly used one. It includes all the required facilities, covers i.e. medical costs, luggage problems, medical evacuation, trip cancellations, and delays. Potential buyers must make sure the company they look for is providing customer support service on 24/7 basis as this become essential in case of a crisis in various destinations.

Due to the overwhelming types of plans and numerous insurance companies offering such plans, it is a wise choice to seek websites that offer comparative analysis.  These websites (e.g. mawazna.com) take into account the needs of the travelers through interactive methods. They compare best travel insurance plans and display the information in an easy to understand layout.  

A side by side comparison of the benefits helps the individual to make an informed decision based on their need. The websites also offer past traveler reviews that can be used to help the traveler with similar needs. It is very useful for buyers as ratings, quotations, user experience are all available together. Ensure that you make a detailed comparison and settle for the best travel insurance plan. You can go to mawazna.com and compare all the travel insurance plans matching with your needs and buy a plan instantly.