AlfaMall is an e-commerce platform by Bank Alfalah which has a wide variety of products available in categories such as Mobiles, Electronics, Appliances, Fashion, Books, etc. at market competitive pricing. AlfaMall can be accessible through the Bank Alfalah Mobile App, Alfa and https://alfamall.com/

With Easy Instalments a minimum loan amount of PKR 1,000 up to a maximum loan amount of PKR 50,000 can be availed. An eligible Bank Alfalah customer can also opt for a combination payment through which they can finance up to Rs. 50,000 of their product price through Easy Instalments. For example, on buying a product priced at Rs. 80,000, you can finance up to Rs. 50,000 with Easy Instalments and pay Rs. 30,000 through your Bank Alfalah Account or credit card.

There is absolutely no processing fee or hidden charges. A grace period of 15 days after you make an Easy Instalments transaction is offered during which you can cancel your order without any cancellation fee.

The Easy Instalment facility can be availed for 3, 6 or 12 months.

During the loan application process, you will be shown installment amount for each tenure, respectively. For a better understanding, please refer to table below:

Only the Bank Alfalah customers that are eligible for Easy Instalments will see the option to select Easy Instalments as their payment method on AlfaMall checkout.

Currently, the bank charges a Markup of 30% APR on this product.

1. Login on Alfa & tap on the AlfaMall icon
2. Add your favorite product to cart
3. Select proceed to pay
4. Select your desired tenure from Easy Instalment pop-up
5. Select “Easy Instalments” as your payment method
6. Fill in your details
7. Select Apply for Loan

You can select for Auto Debit option which will allow the Bank to debit your account for instalment amount on the due date every month. All you have to do is ensure that you have enough balance available in your account on due date.

For manual repayments:
1. Login on Alfa & tap on the “Loans” icon
2. Select “Easy Instalments”
3. Fill in repayment details
4. Proceed to repay

A grace period of 15 days after you make an Easy Instalments transaction is offered during which you can cancel your order without any cancellation fee. You can cancel your order by calling the helpline 111-225-111.

Your credit history will be updated with the credit bureau if you do not repay within 29 days of the due date.

If you do not repay your loan, your credit record will be reported to credit bureau which will affect your credit history.