What Is Allied Personal Finance?
Allied Personal Finance is an unsecured personal loan facility from Allied Bank for both salaried individuals and self-employed individuals, including business people and professionals. It covers short-term cash needs — medical bills, home repairs, weddings, educational expenses, vacation plans, and travelling — with repayment structured into equal monthly instalments (EMIs) over one to four years.
The facility is currently available in Lahore, Karachi, Islamabad, Rawalpindi, Faisalabad, Multan, Sialkot, Gujranwala and Hyderabad.
Allied Personal Finance Eligibility
Salaried Individuals
| Criterion | Requirement |
|---|---|
| Nationality | Resident Pakistani national |
| Age | 21–59 years |
| Employment Type | Permanent or direct contract |
| Employment Duration | Minimum 2 years |
| Minimum Monthly Net Salary | PKR 30,000 (ABL account) PKR 35,000 (other bank account) |
| Minimum Banking Relationship | 6 months with ABL or another bank |
Self-Employed and Business Professionals
| Criterion | Requirement |
|---|---|
| Nationality | Resident Pakistani national |
| Age | 21–64 years |
| Minimum Monthly Net Income | PKR 45,000 (ABL account) PKR 55,000 (other bank account) |
| Banking Relationship* | 12 months (ABL) 24 months (other bank) |
| Business Tenure | 2 years (ABL account) 3 years (other bank account) |
*Either with ABL or Other Bank
What Determines Your Approved Amount
Two things determine how much you can actually borrow: your Debt Burden Ratio (DBR) and your overall credit profile. DBR measures how much of your monthly income is already committed to loan repayments — SBP has capped DBR at 40%. A lower DBR and a clean credit history typically result in a higher approved amount.
ABL Personal Loan Amount
Allied Bank Personal Finance offers a loan amount ranging from PKR 30,000 to PKR 3,000,000. The final amount approved depends on:
- Credit worthiness of the applicant
- Debt Burden Ratio (DBR)
- Overall financial profile
A Finance Enhancement option is also available for existing borrowers who need to increase their outstanding facility mid-tenor.
Markup Rates: How Pricing Works
Personal loan markup rates in Pakistan are typically benchmarked against KIBOR — the Karachi Interbank Offered Rate, which serves as the baseline for variable markup rates of consumer products.
Allied Personal Finance is priced within the following range depending on the segment and category of the application (Salaried / Self-Employed / ABL Account Holder / Other Bank’s Account Holder):
| Category | Markup Rate |
|---|---|
| Minimum | 1-Year KIBOR + 14% |
| Maximum | 1-Year KIBOR + 18% |
More specifically, Allied Bank offers personal finance at the following markup rates:
Important: Markup rates are variable and linked to 1-Year KIBOR, which changes periodically as per the State Bank of Pakistan (SBP) policy. The rate applicable to your loan will be confirmed at the time of applying for the loan depending upon the segment and category of your application.
A processing fee is charged only if the loan is approved and deducted from the approved loan amount at the time of disbursement.
Documents Required for Allied Personal Finance
Salaried Applicants
- Application Form (each page of the application form should be duly filled and signed)
- Valid Computerised National Identity Card (CNIC/SNIC/NICOP) copy
- Latest two months’ salary slips or Salary certificate (original)
- Bank statements for the last six months duly signed and stamped (in case of other bank account)
- Declaration of Schedule of Charges (duly signed)
- Any additional documents requested by the branch
Self-Employed and Business Professionals
- Application Form (each page of the application form should be duly filled and signed)
- Valid Computerised National Identity Card (CNIC/SNIC/NICOP) copy
- Bank statements for the last six months duly signed and stamped (in case of other bank account)
- Latest Tax Returns or National Tax Number (NTN) Certificate
- Proof of business existence (registration documents, partnership deed, etc.)
- Any additional documents requested by the branch
Documents should be clean copies. Branches may request originals for verification at the time of application.
EMI Calculator: How to Estimate Your Monthly Instalment
The EMI (Equated Monthly Instalment) formula is standard across all banks:
Example (for illustration only — not a rate guarantee)
Assume a PKR 1,000,000 loan at an annual rate of 20% for 36 months:
The actual rate and EMI will depend on 1-Year KIBOR at the time of approval, your profile and the applicable markup spread. Use the Allied Personal Finance Calculator for an EMI figure based on your actual loan amount and tenure.
Available Repayment Tenures
| Tenure | Monthly Instalments |
|---|---|
| 1 year | 12 EMIs |
| 2 years | 24 EMIs |
| 3 years | 36 EMIs |
| 4 years | 48 EMIs |
Prepayment and Early Settlement
Partial Prepayments (Balloon Payments)
After completing six months of financing, you can make partial prepayments:
- Minimum amount: total of three or more monthly instalments
- Maximum: two balloon payments allowed during the loan term
Full Early Settlement
Full settlement is permitted at any time before maturity. A prepayment penalty applies as per the prevailing Schedule of Charges. If you are likely to pay off the loan early, factor this cost into your decision before borrowing.
How to Apply for ABL Personal Finance
Visit your nearest Allied Bank branch with the required documents and fill out the application form. To locate the branch closest to you, use ABL’s branch and ATM locator.
Processing takes approximately 15 working days from the date all documents are submitted. For application status, call the ABL Helpline at 042-111-225-225.
Personal Loan vs Other ABL Financing Options
If you need financing for a specific purpose, Allied Bank also offers purpose-specific products that may carry more favourable terms:
- Vehicle purchase: Allied Car Finance for new and used cars
- Home purchase or construction: Allied Home Finance
- Solar system installation: Allied Solar System Finance
Purpose-specific financing is often cheaper than a general personal loan because the financed asset serves as security. If your need fits one of these categories, compare the two before applying for Allied Personal Finance.
Frequently Asked Questions
Q. What is the minimum salary for a personal loan in Pakistan with Allied Bank?
Salaried applicants need a minimum monthly net salary of PKR 30,000 if their salary account is with ABL, or PKR 35,000 if their salary account is with another bank. Self-employed individuals need a minimum monthly net income of PKR 45,000 with an ABL account or PKR 55,000 with other bank accounts.
Q. What is the maximum personal loan amount available at Allied Bank?
Allied Personal Finance provides a maximum loan amount of PKR 3,000,000. The actual amount sanctioned depends on the applicant's credit profile, Debt Burden Ratio and overall assessment by the bank.
Q. How long does it take to process a personal loan application at ABL?
Processing takes approximately 15 working days, provided all required documents are submitted at the time of application.
Q. Can I pay off my Allied Personal Finance loan early?
Yes. Full early settlement is allowed at any point before maturity. A prepayment penalty applies as per ABL's Schedule of Charges. Partial prepayments are also permitted after six months, subject to the conditions outlined above.
Q. Is Allied Personal Finance available across all cities in Pakistan?
Allied Personal Finance is currently available in nine cities: Lahore, Karachi, Islamabad, Rawalpindi, Faisalabad, Multan, Sialkot, Gujranwala and Hyderabad.