Alfalah Instant Personal Loan
Alfalah Personal Instant Loan: Alfalah, one of the best banks in Pakistan, provides a special kind of credit to any of its clients who find themselves in an emergency requiring money. Bank Alfalah offers an instant loan facility of up to PKR 1 million to existing (selected) Bank Alfalah account holders through the ALFA app.
No branch visits required
Alfa Efficient process allows customers to instantly avail loans with just a few taps on their mobile phone screen and can apply for this loan digitally.
How to apply for Alfalah instant personal loan
Simply sign up with Alfa and get hassle-free financing today.
Basic Product Features
- Minimum loan: 50,000
- Maximum loan: 750,000
- Minimum term: 1 year
- Maximum term: 4 years
- Freely choose the amount and term according to your needs
- Real-time installment calculator ( Preliminary) when choosing amount and term
- No physical effort required
- No documentation required
- Real-time loan disbursement 24/7
*(Terms and conditions apply)
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FAQ – Alfalah Instant Loan
When is the payment due in monthly installments? What about instant financing?
1st of every month if the loan is booked before 15th of the month.
What is the processing fee for instant loans?
PKR 5000/- or 2% of the loan amount whichever is higher.
Apply for Loan What is the maximum age you can do?
60 years.
Who is eligible to apply for an instant loan?
Banks use standardized evaluation methods to assess whether a customer is eligible to apply for this product. The evaluation includes . 1) DBR (Debt burden ratio) 2) average six-month balance in the account, 3) the customer has never been delinquent/defaulted on a consumer loan, and 4) the relationship with the bank for at least one year.
How is this loan different from other types of loans? Offered by Alfalah ?
No physical application or documents are required. This loan is disbursed in real time and is available 24 hours a day, 365 days a year.
How much is the TAT for loan payment? means time you can get the loan processed
TAT is 5-10 minutes. Loans are disbursed in real time and are subject to System / Alfa
APP Server / Internet Response / Speed .
Through which channels can I apply for Alfalah Instant Loan?
In the initial stage, you can apply for an instant loan via the ALFA app. At a later date, it will also be available via Internet Banking
What options do I have for paying my loan in installments?
You can choose automatic debit while processing your loan application, or you can pay the amount directly to your bank
