Bank Alfalah Instant Loan requirements

In life, we could get into a situation that requires urgent cash. Bank Alfalah offers an instant loan service of up to PKR 1 M to existing (selected) Bank Alfalah account holders, through the ALFA app, and that too without the hassle of paperwork and branch visits (the Terms and Conditions!)

Alfa’s convenient and efficient process allows a customer to instantly avail of a loan with just a few taps on their mobile phone screen. Just log in to Alfa to take advantage of the hassle free loan now!

Bank Alfalah Instant Loan Benefits

1. Minimum loan: 50,000

2. Maximum loan: 1,000,000

3. Minimum tenure: 1 year

4. Maximum tenure: 5 years

5. Freedom to select quantity and tenure according to needs

6. Real-time installment calculator (provisional) when selecting amount and tenure

7. No physical discomfort

8. No documentation

9. Real-time loan disbursement 24 hours a day, 7 days a week

Bank Alfalah Instant Loan Further Benefits

1. Hassle-free processing without any documentation

2. Industry competitive affordable markup rate

3. Fixed pricing

4. Multiple Repayment Options

5. Auto Debit / Direct Debit

6. Cross Cheque

7. Drop Box

8. Cash payment at branches

Bank Alfalah Instant Loan Eligibility Criteria

Banking relationship	At least 1 year
Loan Amount	Minimum 50k – Maximum Loan amount 1M
Loan Tenure	1-5 Years
Mark up Rate	1 year Kibor + 18%
Average Balance	6 months average balance minimum benchmark
Credit History	Customer must never take defaulted in any customer loan or must not have any unpaid payment
Debt Burden	Must meet debt burden requirement
Account Type	Only personal / individual account at ALFA, are qualified for Instant Loan