It offers running finance, LG, LC and other import/export related facilities for Consumers, SMEs and Corporate to help them meet their personal, family and business needs. The loan can be availed against Bank Deposits at Bank Alfalah or any other A Rated bank, National Savings Certificates or prize bonds.

The amount of financing under AQF ranges from PKR. 50,000 to PKR.300M

Quarterly mark-up is payable within 15 days of its due date.

Defence Saving Certificates, Special Saving Certificates (Registered) and Regular Income Certificates issued by the Government of Pakistan under the National Saving Schemes and purchased through Banks, State Bank of Pakistan Offices and National Saving Centres shall be acceptable as security. Deposits of Bank Alfalah or other reputed banks (rated ‘A’ by the credit rating agency), Prize Bonds and selected Alfalah GHP Mutual Funds are acceptable as security.

PKR. 1600 per application shall be charged irrespective of the amount of finance. A processing fee of PKR.800 shall be charged on the enhancement or renewal of facility.

AQF shall not exceed 90% of the encashment value of the security offered. In case of financing against a foreign currency deposit, the maximum financing should not exceed 85% of the deposit encashment value.

Mark-up ratio depends on 6 months KIBOR or on the profit earned against deposits made in Bank Alfalah.

A copy of government securities, TDRs (released by A-grade banks) or prize bonds can be submitted as security.

• Copy of CNIC
• Basic fact sheet
• A copy of last paid telephone bill (PTCL or mobile)
• In case of a business loan, the documentation will be as per the legal structure of the firm/business