What is Personal Loan?

Personal Loan is a type of Term Financing which helps

to meet your current financial needs. It gives the
flexibility to use funds as per convenience and need.
Product Offering Term Financing
Type of Loans Cash Loans / BTF & BTF with Top Up /
Purchase loans
Tenor 1 to 4 Years
Minimum Loan Amount: 50K
Loan Limits Maximum Loan Amount: Up to 2
Million
 Travelling
 Education
 Purchase of consumer durable
Purpose products
 Home renovation
 Medical facilities
 Wedding
 1 Orbit is equivalent to PKR 1/ Get
Orbits 250 bonus Orbits on signing up for
Alfalah Personal Loan
 Non Checking Account
 Direct Debit
Repayment Mode  Cross Cheque
 Drop Box
 ATM/Internet Banking
 Cash Payment at branches
TAT Within 8 working days on complete
submission of documents
Min age: 21
Age Limit Max age: 60 years for salaried and 65
for SEB/SEP
Documentation for salaried
 Application Form
 CNIC
 Salary Slip/Salary Certificate
 3 months Bank Statement (only for
STM)
Documentation for SEB/SEP
Documentation  Application Form
 CNIC
 6 Months Bank Statement / Over
Draft a/c statement (if applicable)
 For SEB: Tax Returns/NTN, Bank
Certificate or any related Proof of
Business
 For SEP: Relevant supporting
documents.
Processing Fee: Rs. 3,500 or 1.2% of
the loan amount, whichever is higher
Late Payment Fee: Rs. 700 per month
Fees and Charges per instalment
Cheque Return Charge: Rs. 600
Enhancement Fee: Rs. 2,300