SmartQarza is a financial service provider in Pakistan, offering quick and accessible cash loans through its mobile application. For any inquiries or assistance, customers can reach out to SmartQarza’s customer support through the following channels:
Customer Service Hotline:
Phone Number: 051-8105004
Working Hours: 8:00 AM to 8:00 PM, Monday to Sunday
Email Support:
Email Address: customerservice@smartqarza.com
Physical Office Address:
Office Numbers 02 and 04, 2nd Floor, Rajpoot Plaza, GT Road, Wah Cantt, Tehsil Taxila, District Rawalpindi, Punjab, Pakistan.
For immediate assistance, it’s recommended to contact the customer service hotline during working hours. Alternatively, you can reach out via email or visit their physical office for in-person support.
Please note that while Smart Qarza aims to provide efficient and reliable services, some users have reported concerns regarding their experiences. It’s advisable to thoroughly review the terms and conditions before availing of any financial services.
Smart Qara Interest Rates
SmartQarza offers personal loans in Pakistan with varying interest rates and associated fees. Here’s a detailed breakdown:
Loan Amount and Term:
Principal Amount: PKR 2,000 to PKR 50,000
Loan Term: 91 to 180 days
Annual Percentage Rate (APR)
Ranges from 5% to 10%
Interest Calculation Example:
Loan Amount: PKR 5,000
Loan Term: 91 days (3 months)
Annual Interest Rate: 10%
Calculations:
Total Interest Payable: PKR 5,000 * 10% * 91/365 = PKR 124.66
Daily Interest: PKR 5,000 * 10% / 365 = PKR 1.37
Total Payable Amount: PKR 5,000 + PKR 124.66 = PKR 5,124.66
Monthly Payment Amount: PKR 5,124.66 / 3 = PKR 1,708.22
However, some users have reported discrepancies between the advertised terms and actual disbursements. For instance, on a PKR 25,000 loan over 90 days, deductions for markup, service fees, and processing fees totaled PKR 12,327, resulting in a net disbursement of approximately PKR 12,673. Despite receiving this amount, the borrower is obligated to repay the full PKR 25,000 within 90 days.
Given these reports, it’s crucial to thoroughly review the loan terms, including all associated fees and repayment obligations, before proceeding with a loan from SmartQarza.
