Allied FAST Finance (AFF) enables you to meet your personal and business needs without liquidating your hard earned savings.
With AFF, you can utilize high-profit investments and deposits as collateral and get easy to process financing at very competitive rates. Let it be your child’s education, daughter/son wedding, home/office renovation, or meeting your day-to-day working capital requirements, BTF/Debt-swaps of existing loans from other banks or more. Put your savings at work.
- Processing Fee as per SOC
- Free Online facility & Free E-Statement / Internet Banking
- Caters to all Obligor types under consumer / SE &ME / Corporate Categories
- ZERO Rated financing against current Local Currency deposit to a maximum of 50%
- Running Finance (Revolving Credit) and/or Term Finance facilities and/or Letter of Guarantee and/or Letter of Credit
- Finance amount up to PKR 100 million to a single obligor and Group exposure up to PKR 200
- Facility amount based on loan-to-value benchmarks (Drawing power)
- Financing duly secured against Local currency / Foreign Currency (£,$,€) Bank Deposits / National Savings Certificates (DSC / SSC / RIC) / Allied Asset Management Company Certificates (ABL income fund, ABL Cash fund, ABL Islamic Income fund, ABL Islamic Financial Planning Fund, ABL Government Securities Fund, ABL Financial Planning Fund, ABL Stock Fund & ABL Islamic Stock Fund).
- Under AFF, Financing against Guarantees (LG Discounting) issued in favour of pesticides/Fertilizer Companies is allowed