Bank Alfalah Home & Property Improvement Finance

 for: PSuitableakistani residents and non-resident Pakistanis (salaried, self-employed) seeking to buy, build, or improve a home.

Purpose / Eligible uses:

- Purchase of a new or existing house or apartment

- Purchase of land and construction of a house

- Construction of a house on owned land

- Renovation or improvement of an existing property (including guest rooms, bathrooms, furniture, solar backup and safety improvements)

- Home purchase or construction for overseas Pakistanis

Indicative financing limit: Subject to Bank Alfalah policy and the applicant’s income and property value. Applicants must verify limits directly from the bank.

Tenor / Repayment period: Up to 20 years for purchase or construction; shorter tenors for renovation or improvement. Exact tenor to be confirmed with Bank Alfalah.

Mark-up / Profit rate: Variable mark-up linked to the 1 year KIBOR plus a bank margin; the rate depends on applicant profile and may change over time. Verify current rate with Bank Alfalah.

Security / Collateral requirement: Mortgage of the property being financed and any additional security or guarantor as per Bank Alfalah policy.

Key eligibility conditions:

- Pakistani national (resident or overseas) with valid CNIC/NICOP

- Age typically 23–60 years for salaried and 23–65 years for self-employed at maturity of financing

- Stable employment or business income meeting minimum income thresholds

- Good credit/CIB record

- Property must be located in a city/area approved by the bank

Required documents:

- Completed home finance application form

- Copy of CNIC/NICOP of applicant and co-applicant (if any)

- Recent passport-size photographs

- Salary slips or employment certificate for salaried applicants

- Business proof (tax returns, NTN, partnership deed) for self-employed applicants

- Bank statements (last six months)

- Property ownership documents, sale agreement or allotment letter

- Property valuation/approved map and bills of quantities as required

- Any additional documents required by the bank

Official resource link: https://www.bankalfalah.com/personal-banking/loans/home-finance

Important note: All information provided here is for guidance only. Financing limits, mark-up rates, tenors, eligibility criteria and required documents are subject to current Bank Alfalah policy and may change. Applicants must verify the latest details directly from Bank Alfalah before applying.

All financing details including financing limits, mark-up rates, tenors, collateral, eligibility criteria and required documents are subject to Bank Alfalah’s current policy and may change without notice. Applicants should verify the latest information directly from Bank Alfalah before applying. PakHomestay provides guidance only and does not approve or disburse any loans.