Eligibility CriteriaEligibility Criteria

Eligibility Criteria

Banking relationship At least 1 year
Loan Amount Minimum 50k – Maximum Loan amount 1M
Loan Tenure 1-4 Years
Mark up Rate 1 year Kibor + 18%
Average Balance 6 months average balance minimum benchmark
Credit History Customer should never have defaulted in any consumer loan or should not have any over due payment
Debt Burden Must meet debt burden requirement
Account Type Only personal / individual account at ALFA are eligible for Instant Loan