You may be eligible for Allied Aitebar Home Musharakah if you meet the following requirements:
General Requirements
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Must be a Pakistani national.
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Age between 25 and 57 years.
For Salaried Individuals
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Minimum six (06) months’ banking relationship with Allied Bank and/or any other bank.
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Minimum net monthly salary: PKR 50,000
For Self-Employed Business Persons / Professionals
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Minimum one (01) year relationship with ABL or two (02) years with another bank.
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Business/profession must be operational for:
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At least two (02) years (if banking with ABL), or
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At least three (03) years (if banking with another bank).
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Minimum net monthly income:
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PKR 75,000 with ABL relationship
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PKR 100,000 with other bank relationship
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Financing amount of up to PKR 75 million
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Flexible tenure options: 3 to 25 years
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Easy and efficient processing
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Free Life Takaful coverage
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Asset transfer facility available
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Offered in: Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, and Multan
To apply for Allied Aitebar Home Musharakah, you will need to submit the following documents:
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CNIC / Smart NIC (copy)
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Proof of income
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Last six (06) months’ bank statement (ABL or other bank)
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Completed and signed application form
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Additional documents may be required based on case evaluation
Allied Aitebar Islamic Banking supports low-cost housing under the SBP Refinance Scheme in line with IH&SMEFD Circular No. 6 of 2019 (as amended).
Eligible Individuals
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Widows
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Children of martyrs (law enforcement agencies, armed forces, or civilians martyred in terrorist attacks)
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Special persons (holding CNIC with disability symbol)
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Transgender individuals
Financing Details
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Maximum financing: PKR 3.15 million
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Minimum net verifiable income: PKR 30,000
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Financing tenure: Up to 12.5 years, including a 6-month grace period (or as advised by SBP)
Pricing:
Client Segment A
(Corporate Arrangement) |
Segment B
(Salaried Individuals) |
Segment C
(Self-Employed Individuals) |
Segment D
(Affluent Individuals) |
Minimum 1 YK + 1.75 %
Maximum 1 YK + 3 % |
1 YK + 3% (salary being routed through ABL)
1 YK + 3.5% (salary being routed through other bank) |
1 YK + 3% (relationship with ABL) 1YK +4% (relationship with other banks) |
Minimum 1 YK + 1.75 %
Maximum 1 YK + 3 % |