Glossary – Conventional Banking

Requested Facility

For Cards Only:
Conversion of my principal outstanding amount into SBS plan

For Cards, Auto Loan, Personal Loan and Home Finance:
Principal Deferment up to Months

Loan Rescheduling/Restructuring up to Months

Term & Conditions*

I/We understand that any financial charges (Markup, Insurance, etc.) which are already booked by the Bank on my behalf/Loan shall be paid by me/us during the deferral period as and when demand raised by the Bank for my/our loan restructuring/deferment. However, in case of any late payment charges, I/We shall be liable to pay before final settlement and closure of the relationship. Any deferral /rescheduling of facility granted to me by you shall be governed by Circular Letter No. 14 of 2020 dated March 26, 2020 of the State Bank of Pakistan. I/We undertake, the details of this application form are correct, complete and accurate and I/We have not withheld any information. Bank Alfalah Limited reserves the right to reject my/our application at its sole discretion and will inform me in writing along with reason of rejection. The finance facility will be provided subject to the terms and condition contained in the facility offer letter (if issued by Bank Alfalah Limited offering me/us the facility.

Internet Banking

Alfalah Orbit

Bank Alfalah Transact