FAQ’s – Alfalah Personal Loan

Pakistani Nationals and Foreign Nationals (with company letter of comfort) having income from any of the following sources

  • Employment
  • Business/ Profession
  • Individuals with other sources of income i.e. Landlords, retired individuals, individuals with regular rental income

You can choose to spread your Alfalah Personal Loan over a minimum of 1 year and a maximum of 4 years.

You can apply for as low as PKR 50,000 up to PKR 3,000,000

There is no fee for applying for Alfalah Personal Loan. A processing fee of PKR 4,000 or 1.3% of the loan amount (whichever is higher).

Minimum 21 years and maximum 60 years (salaried) / 65 years (SEB/SEP).

Maximum of 1 partial payment is allowed in a year where each partial payment cannot be more than a total of 6 installments

You can make a maximum of 1 partial prepayment in a 12-month period after the 1st year of disbursement.

Yes, each partial prepayment should not be more than a total of 6 equal monthly instalments.


1st year 2nd year 3rd year onwards
Not allowed 8% of the paid amount 5% of the paid amount

Yes, you may give a 30 day prior written notice to the Bank if you wish for early settlement of your facility. Based on prior written consent of the Bank on your request, you may fully pre-pay your loan.


1st year 2nd year 3rd year onwards
10% of the remaining principal 8% of the remaining principal 5% of the remaining principal

Yes, PKR 700 per month per instalment will be applied as late payment charges

Yes, you may enhance your financing based on revised income or repayment history with Bank Alfalah Limited

No, there is no collateral requirement

Alfalah Personal Loan Team will get in touch with you to communicate the decision on your Personal Loan Application.

If you filled and signed IBFT form then approved loan amount will be transferred directly in your account via IBFT.  Otherwise, a Pay Order against your Alfalah Personal Loan will be issued which you can deposit in any of your existing accounts.

Alfalah Personal Loan is processed within 11 working days of application, submission provided all documents have been submitted and other requirements have been fulfilled.