Alfalah Quick Finance
Alfalah Quick Finance is a personal loan against National Saving
Certificates, Prize Bonds, Alfalah GHP Principal Protected Fund &
PKR/FCY deposit for meeting personal, family and household needs.
It is one year revolving limit with quarterly mark-up payments.
The amount of financing under AQF ranges from Rs. 50,000 to 2.5
Crore.
AQF shall not exceed 90% of the encashment value of the security
offered. In case of financing against Foreign Currency Deposit the
maximum financing should not exceed 85% of the deposit encashment
value.
In case of Alfalah GHP Principal Protected Fund taken as a
security the financing approved under AQF shall not exceed 70% of
the face value of units held by the borrower.
Pricing
| Securities Acceptable under
AQF |
Pricing |
| 1. PKR deposit with BAL (TDR,
PLS/Current Account) |
Minimum 1.75% spread over
deposit rate |
| 2. PKR/FCY deposit of other
Banks & FCY deposit of BAL (TDR, PLS/Current Account) |
Minimum 1.75% spread over
6-months KIBOR |
| 3. Government securities that
are 6-months old from the date of issuance including DSC/SSC/RIC
|
Minimum 1.75% spread over
6-months KIBOR |
| 4. Prize Bonds |
Minimum 2 % spread over
6-months KIBOR |
| 5. Alfalah GHP Principal
Protected Fund |
Minimum 1.75% spread over
6-months KIBOR |
|
