Bank Alfalah Now Offers You the Easiest Loan Payment Facility

Bank Alfalah is one of the largest banks in Pakistan. Our network spans more than 200 cities and has 850 branches currently operating in Pakistan. The bank has an international presence in Afghanistan, UAE, Bahrain and Bangladesh. Bank Alfalah also has a representative office in Abu Dhabi which is operated and owned by the Abu Dhabi Group.

Bank Alfalah loan processing is hassle-free, with minimal documentation and affordable markup rates.  Partial payment options are available, which you can avail to lower your instalments by making the partial prepayment of the outstanding principal. Bank Alfalah lets you make the instalments according to your choice; it is important to pay 1 partial payment before the instalments.

Allowable Loan Limit

Bank Alfalah’s financing facility starts from PKR. 50,000 to PKR. 3 million. The amount you are eligible for is dependent on a number of variables, including your gross income and the amount of your previous debt. Bank Alfalah will determine your DBR (Debt Burden Ratio) to determine how much of a loan you qualify for under the Bank Alfalah loan programme.

Loan Tenure

The loan tenure can be anywhere from 1 to 4 years without any collateral requirement and additional charges.

Multiple Repayment Options:

  • ATM
  • Internet Banking
  • Cross Cheque
  • Direct Debit
  • Non-Checking Account
  • Cash Payment at Branches

Eligibility Criteria for Bank Alfalah

  • You must be a Pakistani National Identity Card Holder.
  • Minimum salary should be PKR 30,000/- Minimum age of 21 years up to a maximum of 65 years at the time of loan if you are an employee of the private sector. Minimum age of 21 years to a maximum of 60 years at the time of loan if you are an employee of the government sector.
  • Self-employed professionals/businessmen, salaried individuals, landlords, housewives & retired individuals with consistent foreign remittances and rental income.
  • Self-employed professionals with a minimum monthly average of Rs.50,000 and self-employed business professionals with a minimum monthly average of Rs.10,000.
  • Minimum 12-month bureau history for BTF with a top-up.

 Which documents are required for Bank Alfalah Loan?

  • Completed application form along with the customer’s signature
  • Copy of CNIC/POC/NICOP/Smart ID
  • Two latest photos
  • Copy of salary slip (for salaried individuals)
  • Proof of business (in case of SEB/SEP)
  • 6 months of bank statement
  • Income verification report from PBA, approved income evaluator in case of bank not available
  • Proof of business

Visit the nearest branch of Bank Alfalah with the above documents and apply for a loan.

Why Should You Choose Bank Alfalah Loan?

We all need loans at some point in lives. However, Bank Alfalah is here to guarantee your financial security. With an Alfalah Personal Loan, you can obtain individualised funding with no collateral need and simple monthly payments.

  • Stress and hassle-free processing with minimum documentation and affordable rates.
  • Affordable markup rates.
  • Multiple repayment options available: non-checking account, cross cheque, ATM, Mobile Banking, Cash Payment at branches, Internet Banking and Direct Debit.
  • Balance transfer facility for outstanding credit cards and personal account.
  • Special discounts with minimal documents for existing Bank Alfalah customers and account holders. Customers and account holders can enjoy discounted rates based on their relationship tenure.
  • Loan top-ups/enhancements for more financing.
  • Fixed prices

Calculate and Apply for Personal Loan Now!

The calculator’s calculation is based on your provided information and is only for explanatory purposes. This calculation reflects the estimated monthly payments and excludes any processing or other fees that may apply. All loan amounts are subject to the Bank’s credit approval. Your payment information may differ. Please contact your nearest Bank Alfalah branch or Consumer Finance Center for more information.

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