Bank Alfalah Limited

Bank Alfalah Limited operates in Pakistan. It offers various branded products across key financial sectors. These include conventional and Islamic financial services for individuals and businesses.

Conventional Banking Products

Bank Alfalah provides Home Finance products. Alfalah Home Finance offers a tenor of 3-20 years. It includes an annual balloon payment facility. Alfalah Home BTF allows balance transfer of existing home financing. Its rate reset uses KIBOR-based pricing. Personal loans are also available. Alfalah Personal Loan is unsecured up to PKR 2 million. Its maximum tenor is 5 years. Alfalah Auto Loan has a tenor up to 7 years. It offers options for fixed, variable rates, and balloon payments.

The bank offers a range of credit cards. Alfalah Visa Platinum earns Travel Points. It provides lounge access via Visa Infinite. Statement cycles are USD-equivalent. Alfalah Visa Gold earns Orbits rewards. It also includes a balance transfer facility. The cash advance limit is up to 20% of credit limit. Alfalah Visa Classic has global acceptance at 30 million outlets. Its minimum credit limit is PKR 30,000. Alfalah Ultra Cashback offers cashback on 100+ merchant categories. The first-year annual fee is waived. Alfalah Titanium provides bonus reward points on dining and fuel. A minimum income of PKR 50,000/month is required. Alfalah Visa Corporate Card includes a dedicated relationship manager. It supports employee card issuance under a master account.

Various deposit accounts are available. Alfalah PKR Current Account is non-interest bearing. It features instant cheque clearing. Alfalah Basic Banking Account requires no minimum balance. It offers 2 free transactions per month. Alfalah Asaan Current Account has an opening deposit of PKR 100. Its daily transaction limit is PKR 100,000. Alfalah FCY Current Account supports multi-currency (USD, GBP, EUR). It allows unlimited deposits and withdrawals. Alfalah Savings Account credits profit quarterly. It has no minimum balance. Alfalah Kifayat Monthly Savings offers tiered profit rates on balances over PKR 250,000. It includes online transaction facility. Alfalah Care Account is for senior citizens only. It provides monthly profit payouts. Alfalah SnaPack Account is a joint parent-child account for ages 6-17. Alfalah Royal Profit targets high-transaction customers. It features a tiered rate structure. Alfalah Asaan Savings pays profit semi-annually. It has no minimum balance. Alfalah Term Deposit tenors range from 1 month to 5 years. Payout options are quarterly or at maturity.

For businesses, the bank provides SME & Commercial Financing. Alfalah Xpress Loan offers up to 90% financing on term assets. Disbursement occurs in 48 hours. Alfalah Quick Finance finances up to 90% against government securities. Its tenor is up to 5 years. Alfalah Agri-Finance uses a crop cycle-based tenure. It offers tailored KIBOR plus margin. Alfalah Supply Chain Finance provides invoice financing. Its tenor extends up to 180 days. It includes a dynamic discounting module. Trade & Transaction Banking services are also offered. Alfalah Export Refinance is an SBP-registered facility. It covers pre- and post-shipment financing. A 10% margin requirement applies. Alfalah Import Documentary Credit uses SWIFT MT700. It handles sight and usance LCs. Alfalah Merchant Line targets POS turnover of PKR 1 million/year. It offers a subsidized merchant discount rate. Cash Management & Accounts include Alfalah Kamyab Karobar Account. It features free cash withdrawals and internet banking. Minimum balance is PKR 100,000. Alfalah Mahana Amdan Account offers monthly profit payouts. It has a fixed-term tenor. Alfalah FCY Fixed Account (Business) supports multi-currency fixed deposits. Tenors start from 1 month.

March 31, 2026

Bank Alfalah's Home Finance Portfolio Sees Significant Growth

Bank Alfalah's Alfalah Home Finance products have shown robust performance, with a notable increase in new applications and disbursed loans over the past year. The flexibility of tenors ranging from 3 to 20 years, coupled with the annual balloon payment facility, continues to attract a diverse client base seeking long-term housing solutions.

The Alfalah Home BTF, which allows balance transfers from existing home financing, has also gained traction, indicating a strong competitive offering in the market, particularly with its KIBOR-based pricing for rate resets.

Islamic Banking Operations

Bank Alfalah offers various Islamic banking products compliant with Shariah principles. Islamic current accounts are available. Alfalah Islamic Asaan Remittance has a daily withdrawal limit of PKR 500,000. Monthly inflows are up to PKR 1,000,000. Alfalah Islamic Freelancer Digital includes concurrent ESFCA-USD up to USD 5,000/month. It issues debit cards for PKR and FCY. Alfalah Islamic Asaan Digital Remittance has a per-transaction limit of PKR 500,000. Alfalah Islamic Asaan Digital requires no opening deposit. Its monthly debit cap is PKR 1,000,000. Alfalah Islamic FCY Current has no transaction limits. It supports multi-currency. Falah Islamic Current has no minimum or maximum balance. It offers a free cheque book. Alfalah Islamic Asaan Current has a monthly transaction cap of PKR 1,000,000. Alfalah Islamic Business Way & Payroll offers on-site account opening. It facilitates bulk salary disbursement.

Islamic financing products are also provided. Alfalah Islamic Murabaha is cost-plus financing. The profit rate is set upfront. Alfalah Islamic Ijarah provides leasing for 1-5 years. It includes a buy-out option. Alfalah Islamic Diminishing Musharaka offers co-ownership financing. The equity share reduces over time.

Specialized Services and Technologies

Wealth and investment services are available through subsidiaries. Alfalah Securities (Pvt.) Ltd. offers equity brokerage. This is available via an online trading platform. Margin financing is up to 75% of portfolio value. Alfalah Asset Management (AMCL) includes various mutual funds. Examples are Alfalah Stock Fund and Alfalah GHP Islamic Fund. Net Asset Value (NAV) is published daily. Exit load structure is specified per fund. Alfalah Capital Markets Advisory provides M&A advisory. It handles ECM/DCM deal structuring. Alfalah Branchless Banking is an ongoing service. It uses biometric-enabled CNIC authentication. Real-time fund transfers occur via the 1LINK network.

Bank Alfalah utilizes unique proprietary technologies. Home BTF (Balance Transfer Facility) is exclusive to Alfalah for home finance refinancing. The Orbit Reward Engine is a proprietary algorithm. It enables real-time reward point accrual. SmartCash POS Terminal is integrated with EMV. It uses GPS authentication for merchant acquiring.

March 31, 2026

Understanding KIBOR for Home Loans

KIBOR (Karachi Interbank Offered Rate) is a benchmark interest rate in Pakistan. When your home loan rate is KIBOR-based, it means your interest payments can fluctuate with market rates.