- House/Apartment Purchase
- Buy Land and Construct House
- Construction of House (Land already owned)
- Home Renovation
- Purchase of Housing Unit in Under-Construction Multistorey Housing Projects
- Loan Transfer Facility
- Financing up to PKR 75 million
- Flexible repayment tenure from 3 to 25 years
- Loan Transfer Facility at competitive mark-up rates
- Free Life Insurance (terms and conditions apply)
- Available in Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, Gujranwala, Sialkot, Multan, and Hyderabad
To apply for Allied Home Finance, you must:
- Be a Pakistani national
- Be between 25 to 57 years of age
For Salaried Individuals:
- Minimum 6 months’ account relationship with ABL or another bank
- At least 3 years of employment
- Minimum net monthly salary of PKR 50,000
For Self-Employed Businesspersons / Professionals:
- At least 1-year relationship with ABL or 2 years with another bank
- Minimum business/profession tenure: 2 years (ABL) or 3 years (other banks)
- Minimum net monthly income: PKR 75,000 (ABL) or PKR 100,000 (other banks)
Pricing of Allied Home Finance
| Pricing | Minimum:
1YK+1.75% |
| Maximum:
1YK+5% |
Note: The pricing will be offered between the given range in accordance to different segments and other factors.
Life Insurance: The above rates are inclusive of Life Insurance premium to be borne by ABL, subject to conditions stated hereafter. The Bank will bear the cost of Life insurance against the outstanding exposure amount.
However, if assurer charges premium over and above the agreed rate due to any abnormality observed in medical examination obligor shall bear the cost of additional premium.
- Last 6 months’ bank statements (ABL or any other bank)
- Copy of CNIC / Smart NIC
- Proof of income
- Duly filled and signed Application Form
- Additional documents may be requested as needed
In compliance with SBP Circular IH&SMEFD Circular No. 5 of 2019 (as amended), low cost housing finance facility under refinance scheme is offered to the following individuals only:
-
Widows
-
Children of martyrs (Shaheed) of law & enforcement agencies, armed forces, and civilians martyred in terrorist attacks
-
Special persons holding CNIC with disability logo/symbol
-
Transgender individuals
-
Persons desiring to construct (including plot purchase) housing units in terrorism-affected areas like Mohmand, Bajaur, Orakzai, Kurram, Khyber, North and South Waziristan in KP
Loan Amount:
-
Minimum: PKR 0.5 Million
-
Maximum: PKR 2.7 Million
Purpose of Financing:
-
Purchase of plot and construction of house thereon
-
Construction of a new housing unit
Tenure of Financing:
-
Up to 12 ½ years (including 6 months’ grace period) or as advised by SBP
Eligibility Criteria:
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First-time homeowner
-
Must not have availed housing finance previously
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Housing unit value up to PKR 3 Million
-
Plot financing allowed up to PKR 1.0 Million
-
Minimum net monthly income (verifiable): PKR 30,000
Q: What options does Allied Home Finance offer
Allied Bank offers a wide range of products including:
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House/Apartment Purchase
-
Buy Land & Construct House
-
House Construction (Land already owned)
-
Home Renovation
-
Loan Transfer Facility
Q: Can I mortgage my property and obtain financing for any other purpose?
No, the finance amount shall be used only for the aforementioned purposes.
Q: In which cities can I apply for Allied Home Finance facility?
Available in Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, Gujranwala, Sialkot, Hyderabad, and Multan.
Q: Does the Bank finance in all locations of these cities?
Bank is not maintaining a negative list; preference is given to properties where its interest is secure.
Q: Is Allied Home Finance available for overseas Pakistanis?
Yes, through Allied Roshan Apna Ghar.
Q: What is the age criterion to apply?
-
Minimum: 25 years
-
Maximum: 57 years
-
Salaried: Not above 60 years at maturity
-
Self-employed: Not above 65 years at maturity
Q: Where can I check acceptable properties?
Bank seeks legal opinion on property title documents and reviews marketability and access. Final approval depends on due diligence.
Q: Do I need verification on Property Title Documents?
Yes, the Bank seeks legal opinion from its solicitor before and after disbursement.
Q: How is the price of the property determined
Through evaluation by an ABL-approved firm.
Q: Who is eligible for the facility?
Any individual meeting the minimum eligibility criteria mentioned above.
Q: What is the financing range?
-
Purchase/Construction: PKR 1.5 Million to 75 Million
-
Renovation: PKR 0.5 Million to 15 Million
Q: What is the financing tenure?
-
General: 3 to 25 years
-
Renovation: Up to 10 years
Q: Does Allied Home Finance allow Co-Borrowers?
Yes, spouse, parent or son can be co-borrower.
Q: What is the required down payment/equity?
-
Purchase/Construction: 25%
-
Land + Construction: 30%
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Renovation: 70% (including existing structure value)
Q: Is there a specific period for construction completion?
Yes, within 12 months from the first disbursement.
Q: What markup is offered?
Variable: 1-Year KIBOR + up to 4% bank spread per annum.
Q: Will the markup remain constant?
No, repricing is done annually. Bank spread remains fixed.
Q: Is financing available for commercial property?
No, only for residential properties.
Q: What is the cost of application processing?
As per prevailing Schedule of Charges (SOC).
Q: Can I opt for early loan settlement?
Yes, with charges as per SOC.
Q: Can I make partial payments?
Yes, after 2 years, up to 4 balloon payments allowed (each ≥ 6 EMIs).
Q: What are the insurance requirements?
-
Life/Loan Protection Insurance: Mandatory, arranged by ABL
-
Property Insurance: Mandatory, cost borne by customer
Q: Can I transfer my home loan from another bank?
Yes, after 18 months of satisfactory repayments with the current bank.
Q: What other charges apply?
-
One-time processing fee
-
Legal, valuation, insurance, duties, and stamp charges (as per SOC)
Q: How do I make repayments?
EMIs will be auto-debited from your ABL account.
Q: What if I miss repayments?
Late payment charges will apply as per SOC.
Q: How can I get my loan statement?
A bi-annual statement is issued, showing principal, markup, penalties (if any), and outstanding balance.
Q: How can I apply or track my application?
Visit any ABL branch or call 042-111-225-225.
For approved and unapproved housing societies and schemes, refer to the links below or visit the NAPHDA website.
KPK:
Punjab:
https://ahs.punjab.gov.pk/
https://fc.punjab.gov.pk/HousingSocieties/
