Pakistani Nationals and Foreign Nationals (with company letter of comfort) having income from any of the following sources
You can choose to spread your Bank Alfalah Pehchaan Finance over a minimum of 1 year and a maximum of 4 years.
You can apply for as low as PKR 50,000 up to PKR 3,000,000
A processing fee of Rs.6,000 or 1.5% of the loan amount, whichever is higher with CAP of Rs.30,000.
Minimum 21 years and maximum 60 years (salaried) / 65 years (SEB/SEP).
Maximum of 1 partial payment is allowed in a year where each partial payment cannot be more than a total of 6 installments
You can make a maximum of 1 partial prepayment in a 12-month period after the 1st year of disbursement.
Yes, each partial prepayment should not be more than a total of 6 equal monthly instalments.
Yes
| 1st year | 2nd year | 3rd year onwards |
| Not allowed | 8% of the paid amount | 5% of the paid amount |
Yes, you may give a 30 day prior written notice to the Bank if you wish for early settlement of your facility. Based on prior written consent of the Bank on your request, you may fully pre-pay your loan.
Yes,
| 1st year | 2nd year | 3rd year onwards |
| 10% of the remaining principal | 8% of the remaining principal | 5% of the remaining principal |
Yes, PKR 1,200 per month per instalment will be applied as late payment charges
Yes, you may enhance your financing based on revised income or repayment history with Bank Alfalah Limited
Yes, PKR 2,800
No, there is no collateral requirement
Bank Alfalah Pehchaan Finance Team will get in touch with you to communicate the decision on your Personal Loan Application.
If you filled and signed IBFT form then approved loan amount will be transferred directly in your account via IBFT. Otherwise, a Pay Order against your Bank Alfalah Pehchaan Finance will be issued which you can deposit in any of your existing accounts.
Bank Alfalah Pehchaan Finance is processed on fast track basis (50% reduced turned around time) for Personal loan application, submission provided all documents have been submitted and other requirements have been fulfilled.
