Alfalah Karobar Finance.

It offers running finance, LG, LC and other import/export related facilities against mortgage of residential/commercial Property.

The amount ranges from PKR 0.5M to 30M.

Mark-up is quarterly and payable within 15 days of the due date.

Mark-up is linked with 3 months KIBOR

Urban residential/commercial properties (third party collateral also permissible) along with personal guarantees of mortgagor/partners/directors.

Approximately 20 working days from the date of receipt of the complete Loan Application Form along with required documentation.

Yes, you can avail other facilities as sublimit or as standalone facilities in AKF provided that maximum financing should not exceed PKR 20M.

Approximately three times for the following:

1. To hand over the required documents
2. To sign the agreement
3. For disbursement of the loan

Three years.

Up to 70% of the assessed normal market value of the property and 3 times turnover of the limit assigned is required in the account.

For AKF, we do not require a stock report, letter of hypothecation or insurance of stock. Only 25% clean up is required every six months as against 100% in most cash finance facilities.

Maximum age limit is 60 years for individuals/sole proprietors.

After every six months there is an adjustment of 25% of the approved limit for two days.

Renewals shall be subject to regular mark-up payments, clean-up requirements and healthy turnover in AKF account.

Financials signed by the borrowers are suffice.

No, you can still avail AKF if you fulfill other eligibility criteria.

We offer Alfalah Milkiat Finance which is a suitable financing structure for asset finance.