Allied bank loan scheme | allied personal finance loan | allied bank loan scheme 2025
#alliedbankloan#alliedpersonalfinnance personal finance/loan from Allied Bank Limited (Pakistan), here’s a detailed breakdown of what you need to know, how to apply, eligibility, and tips to improve your chances. --- ✅ Key Features of Allied Bank’s “Personal Finance” The product is called “Allied Personal Finance” and here are some highlights: Loan amounts: from PKR 30,000 up to PKR 3,000,000 (depending on your profile). Repayment tenures: 12, 24, 36 or 48 months (i.e., 1 to 4 years) for many cases. Mark-up/interest rate: It’s variable, typically based on 1-Year KIBOR plus a spread: up to “1 YKIBOR + 17%” for salaried, and up to “1 YKIBOR + 18%” for self-employed. Prepayment & balloon payment options: After 6 months you can make partial payments (balloon) and even full settlement early (with terms) are allowed. Simple documentation and no large hidden costs (but standard processing fees apply) --- 🎯 Eligibility Criteria Here’s what you’ll typically need to qualify. It differs slightly between salaried employees vs self-employed/business professionals. For Salaried Individuals Pakistani national. Age: approx 21 to 59 years. Minimum banking relationship: At least 6 months with Allied Bank or another bank. Minimum net monthly salary: If salary account is with Allied Bank: PKR 25,000. If salary account with another bank: PKR 35,000. Employment: Permanent or on direct contract, with minimum ~2 years’ employment. For Self-Employed / Business Professionals Pakistani national. Age: up to ~64 years. Banking relationship: 12 months with Allied Bank, OR 24 months with another bank. Minimum monthly net income: With Allied Bank account: PKR 45,000. With another bank: PKR 55,000. Business tenure: At least 2 years (if account is with Allied Bank) or 3 years with another bank. --- 📝 Required Documents Typical documents you’ll need to submit include: Copy of your CNIC (both sides) Recent salary slips (for salaried) – last 3 months or as required. Bank statements (last ~6 months) showing salary credits or business activity. Employment letter (for salaried) or business registration/tax returns (for self-employed) If you’re using the loan for a specific purpose (wedding, medical, etc.), you may need supporting estimates/invoices. --- 📍 How to Apply Here’s a step-by-step outline: 1. Visit an Allied Bank branch or go online via their website. 2. Use the bank’s personal loan calculator (on their website) to estimate your monthly installment and markup. 3. Fill out the application form (online or branch) with your personal, employment/business, and loan-amount details. 4. Submit required documents (see above). 5. Wait for approval. Typical processing time is about 15 working days, provided all documentation is in order. 6. Once approved, you’ll sign the loan agreement and after processing fees are deducted, the net amount is disbursed into your account. --- 💡 Tips to Improve Your Chances & Get Better Terms Maintain a good banking history: showing salary credits or business transactions regularly helps. Keep your Debt Burden Ratio (DBR) low — meaning you don’t have too many outstanding obligations. Ensure your credit history is clean: no defaults, negative entries. Choose a shorter repayment term if you can afford higher monthly payments; this reduces total markup cost. Use the online calculator to see what EMI you can tolerate — planning ahead helps. Submit clean and complete documentation to avoid delays. --- ⚠️ Things to Watch Out The markup rate is variable: since it’s tied to KIBOR, if KIBOR rises your overall cost may increase. Prepayment or balloon payments may have penalty charges (check the Schedule of Charges). Make sure you understand processing fees and any other charges. They are deducted from the loan or added — check all terms. The facility may only be available in major cities (e.g., Lahore, Karachi, Islamabad/Rawalpindi, Gujaranwala etc.).
