Eligibility Requirements:
- Pakistani Nationals/Foreign Nationals with company letter of comfort.
- Salaried individuals, Self-employed professionals or businessmen, individuals with other income sources like landlords or retirees.
- Minimum gross monthly salary of PKR 50,000 for salaried individuals; Min. monthly average balance of PKR 75,000 for self-employed professionals and businessmen.
- Age: 21-60 years for salaried individuals; 21-65 years for self-employed professionals and businessmen.
Alfalah Personal Loan Application Steps:
- Complete the application form and signatures.
- Provide a copy of your CNIC.
- Submit a 6-month bank statement if required.
- Salaried individuals: Salary slip or salary certificate.
- Self-employed: Any relevant proof of business documents like tax returns, NTN, or bank certificate.
Frequently Asked Questions:
How long does it take to get approved for a Bank Alfalah loan?
Bank Alfalah processes loan applications within 11 working days, provided all required documents are submitted and criteria met.
Is it required to explain why credit is being used?
No, there is no need to explain the use of credit when applying for an Alfalah Personal Loan.
Do I need to have a good credit score to be approved for Bank Alfalah loan?
While a good credit score can help, Bank Alfalah primarily considers your income and repayment ability.
Can I apply for a loan if I am self-employed?
Yes, self-employed professionals and businessmen can apply for an Alfalah Personal Loan, provided they meet the eligibility criteria.
Ready to manage your finances effortlessly? Click here to apply for Alfalah Personal Loan now and take advantage of flexible financing tailored to your needs!