Alfalah Milkiat Finance

If you are looking to expand your business property then Alfalah Milkiat Finance offers you comprehensive and flexible financing packages with affordable instalment plans to cater to the purchase, renovation and expansion of your business premises.

Features and benefits

• Financing available for purchase of rented property, construction on owned plot, purchase of constructed property and renovation of owned property.
• Financing available from PKR 0.5M to PKR 200M.
• Repayment tenure from 2 years to 15 years depending upon the nature of the financing on monthly instalments.
• Affordable markup rates.
• Quick processing and loan disbursal.
• Minimal processing charges.
• No additional security required

Eligibility

• Applicant must be a Pakistani National Identity Card Holder
• He/she should be between 23 and 65 years of age at the time of maturity of the loan, subject to maximum age of 60 maturity of finance
• He/she must be running a business for at least 3 years with a satisfactory track record
• The security against finance should be the mortgage of urban commercial/industrial property (ies) and in the name of Bank Alfalah
• You shall make 30% of equity participation for financing for purchase and construction of property. No equity participation is required for construction on owned plot or for renovation of property
• The financing amount is at least PKR.0.5M or above and not more than PKR. 200M. In case of renovation of property, the financing amount cannot be more than PKR. 3.5M

Rates and Charges

Processing fee (up-front with LAF): Minimum PKR 8,500 or 0.11% of the loan amount, whichever is higher.
Documentation charges: Actual cost of revenue and special adhesive stamps.
Legal charges: Actual and approved charges of lawyers on the Bank’s approved panel.
Valuation charges: Actual and approved charges of valuators on the Bank’s approved panel.
Business and financial appraisal charges: At actual