Alfalah Home Finance

Unlock the door to a home that’s unique to you. There’s a wide range of home nance solutions available for you at Bank Alfalah. So whether you want to buy, build or renovate your space, there’s something specific available just for you.

 

Alfalah Home Buyer

Acquire a home that suits you

• Financing of up to 70% of the value of the property

• Payment tenure options from 3 to 20 years

 

Alfalah Build Your Home

Get financing to construct your home on an empty plot

• Financing of up to 100% of the construction cost

• Payment tenure option from 3 to 20 years

 

Alfalah Plot and Build

Choose your plot. Build your home

• Financing up to 70% of the value of constructed home

• Payment tenure option from 3 to 20 years

 

Alfalah Home Improvement

Renovate or expand your existing home

• Financing of up to Rs. 3.5 million or 40% of the surveyed

value of your home (whichever is lower)

 

• Payment tenure options from 3 to 20 years

 

Alfalah Home BTF

Repaying your home finance has never been simpler

• Transfer up to 100% of the existing finance

• Payment tenure options from 3 to 20 years

 

 Installment Calculator

Property Option
Current Property/Completion Value (per valuation)	Rs.
Building Value (in case of house)	Rs.
Financing (Bank’s participation)	Rs.
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Mark-Up Rate Options*Variable Rate: 1 Year KIBOR + 3.5% for Salaried person and 1 Year KIBOR + 4.5% for Business People / Self-employed and Overseas Pakistani (both salaried and self-employed)	%
Total Monthly Approx. Installment.	Rs.
Note: The above mentioned installment does not include Life Insurance & Property Insurance. It will be added separately.

*Rate shall be reviewed on yearly basis on each anniversary of finance by taking into account the then prevailing KIBOR. Schedule of Charges

Eligibility

• You are a Pakistani National Identity Card Holder
• Age at the time of application between 23 years to 55 years at the time of application, subject to maximum age of 60 for salaried and 65 for other types of customers, at the time of maturity of finance.
• Minimum take home income of Rs 50,000- per month from all sources.
• The financing amount is at least Rs.2 million (Rs. 20 lacs) or above.
• If you are a non-resident salaried individual you must earn a minimum gross monthly verifiable income equivalent to USD 5,000.
• You must be a permanent employee, currently employed with total employment experience of at least 2 years.
• If you are a professional contractual employees (bankers, engineers, doctors, architect etc), you must be currently employed with total employment experience of at least 3 years.
• If you are self employed with a stream of income generated from property rent/return on fixed deposit /DSC/SSC, you must have had the source of income for at least last 6 months.
• If you are a businessman, you must be running a business for at least 5 years with a satisfactory track record of either an individually owned or a family business.
• The property you want to mortgage should be located in Karachi, Lahore, Rawalpindi or Islamabad.

Finance Eligibility

Documents Required

Mark-Up Rate Structure

Insurance

Process flow of application

Repayments

Frequently Asked Questions

Contact us

Eligibility for Expatriate Pakistanis

Non-Resident Pakistanis

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