Allied Personal Finance

• Easy personal loan with repayment in equal monthly installments

• Flexibility to choose repayment period from 1 to 4 years

• Loan amount: Rs. 30,000/- to Rs. 3,000,000/-

• Simple documentation process

• No hidden charges

• Low markup rate

• Finance Enhancement option

• Prepayment Facility (partial & full)

Currently offered in:
Lahore, Karachi, Islamabad/Rawalpindi, Faisalabad, Multan, Sialkot, Gujranwala, and Hyderabad.

You are eligible for Allied Personal Finance if:

Salaried Individuals

• Pakistani national

• Age: 21 to 59 years

• Minimum 6 months banking relationship with ABL or another bank

• Minimum monthly net salary:

  • Rs. 25,000 (salary account with ABL)

  • Rs. 35,000 (salary account with another bank)

• Employment type: Permanent or direct contract

• Employment duration: Minimum 2 years

Self-Employed / Business Professionals

• Pakistani national

• Age: 21 to 64 years

• Banking relationship:

  • 12 months with ABL

  • 24 months with another bank

• Minimum monthly net income:

  • Rs. 45,000 (ABL account)

  • Rs. 55,000 (other bank account)

• Business tenure:

  • 2 years (ABL)

  • 3 years (other banks)

Pricing of Allied Personal Finance:

Note: The pricing will be offered between the given range in accordance to different segments and other factors.

Q. What is the markup rate applied on Allied Personal Finance?

Allied Bank offers Allied Personal Finance at a competitive markup rate of:

• Up to 1-Year KIBOR + 17% (Salaried)

• Up to 1-Year KIBOR + 18% (Self-employed)
  Or as per prevailing Schedule of Charges (SOC).

Q. Does ABL charge Processing Fee or any other charges?

Yes. Processing Fee is deducted from the approved loan amount at the time of disbursement.
Refer to Schedule of Charges (SOC) for complete details.

Q. What are the loan repayment options

Repayment options include 12, 24, 36, or 48 equal monthly installments, i.e., 1 to 4 years.

Q. How much loan can I avail?

Loan amount ranges from Rs. 30,000/- to Rs. 3,000,000/- depending on:

• Applicant’s credit worthiness

• Debt Burden Ratio (DBR)

• Overall profile

Q. Can I make partial pre-payments?

Yes. After 6 months of financing, partial payments (balloon payments) are allowed:

• Minimum amount = total of 3 or more monthly installments

• Maximum 2 balloon payments allowed during the loan term

Q. Can I pay off the loan before maturity?

Yes, early/full settlement is allowed anytime before maturity.

Q. Is there any prepayment penalty?

Yes, as per the prevailing Schedule of Charges (SOC).

Q. How can I apply for Allied Personal Finance

Visit your nearest ABL branch and fill out the application form.

Q. What is the processing time for Allied Personal Finance?

On average, 15 working days, provided all required documents are submitted.

Q. How can I track my loan application status?

Call the ABL Helpline: 042-111-225-225 for assistance or status inquiry.