Business Loan Services at Alfalah Bank

 

Business Loans

At times, businesses can experience challenges with an unavailability of finances as a result of the difference in timings of cash inflows and outflows, up-gradation of existing facilities and business expansion.

Alfalah Bank’s  dedicated team of relationship managers can provide you with a range of business loans and solutions to meet your specific short-term or long-term funding and business expansion requirements.

Alfalah Merchant Line - Bank on your Alfalah POS machine

Meeting your daily business expense can be difficult. If you have been an Alfalah POS machine merchant for a year, and have managed at least Rs. 1 million in annual POS sales, then you qualify for Alfalah Merchant Line.

Features and Benefits:

·         Alfalah Merchant Line is a business loan designed to help you meet day-to-day expenses.

·         Avail a loan up to Rs. 15 million for one year, renewable at expiry

·         No collateral required of up to Rs. 5 million

·         Loan amount based on percentage of annual sales through POS

·         Monthly markup payments on utilised amount

Alfalah Karobar Finance - Alfalah Karobar Finance offers running finance, LG, LC and other import/export related facilities against mortgage of residential/commercial property.

Feature and benefits:

·         Stock insurance not required.

·         Only 25% cleanup required.

·         Affordable markup rates to be paid on a quarterly basis

·         Quick processing and loan disbursement

·         Minimal processing charges

 Eligibility:

·         Applicant must be a Pakistani National Identity Card Holder

·         He/she should be between 23 and 60 years of age at the time of the application, subject to maximum age of 60 on maturity of finance

·         He/she must be running a business for at least 3 years with a satisfactory track record

·         The security against the finance should be a mortgage of urban residential/commercial property (ies).

·         Validity of the financing shall be initially for a period of one year

·         Financing facility up to 70% of assessed market value of mortgaged property

·         3 times turnover of the limit assigned is required in the account.

Alfalah Quick Finance -

With Alfalah Quick Finance you can meet your immediate personal or business expansion needs while keeping your savings secure. A personal/business loan which includes running finance as main limit and all other import/export related facilities as sublimit against National Saving Certificates, Prize Bonds  and PKR/FCY deposit.

Features and benefits:

·         Up to 90% financing against security deposit

·         A personal/business loan against National Saving Certificates, Prize Bonds & PKR/FCY deposit

·         The amount of financing under Alfalah Quick Finance ranges from PKR. 50,000 to PKR. 300M

·         Quick and convenient processing.

·         Third party collateral acceptable

·         Alfalah Debit Card facility

Eligibility:

·         Applicant must be a Pakistani National Identity Card holder if the loan is not backed by foreign currency account.

·         He/she should be between 18 and 65 years of age at time of financing.

Lease Finance -

Bank Alfalah work very closely with its clients and strive to deliver the most comprehensive and tailored leasing products to meet all their business needs. With one of the most competitively priced solutions, with flexible terms & conditions based on your choice of assets, repayment, pricing, and tenures, the bank can help you preserve working capital in your business, while benefiting from the use of the equipment.

Features & Benefits:

·         Customized leasing solutions to meet your cash flow streams

·         Affordable markup rates

·         Repayment tenures of 3 to 5 years

·         Quick processing and loan disbursal

·         Minimal processing charges

·         The lease finance facilities are available for a variety of assets (imported/local) but not limited to the following categories:
-Vehicles (Private & Commercial)
-Plant, Machinery and equipment
-CNG Equipment
-Generators(Industrial & Commercial)

 Eligibility:

Sole Proprietors, Partnership Firms (Registered / Un-registered), Private Limited Companies, Public Limited Companies (Listed / Unlisted), Government/ Semi – Government. Organizations/ Autonomous Bodies can apply for the facility.

Alfalah Milkiat Finance

If you are looking to expand your business property then Alfalah Milkiat Finance offers you comprehensive and flexible financing packages with affordable installment plans to cater for the purchase, renovation and expansion of your business premises.

Features and benefits:

·         Financing available for purchase of rented property, construction on owned plot, purchase of constructed property and renovation of owned property.

·         Financing available from PKR 0.5M to PKR 30M.

·         Repayment tenure from 2 years to 15 years depending upon the nature of the financing on monthly installments.

·         Affordable markup rates.

·         Quick processing and loan disbursal.

·         Minimal processing charges.

·         No additional security required 

Eligibility:

·         Applicant must be a Pakistani National Identity Card Holder

·         He/she should be between 23 and 65 years of age at the time of maturity of the loan, subject to maximum age of 60 maturity of finance.

·         He/she must be running a business for at least 3 years with a satisfactory track record.

·         The security against finance should be the mortgage of urban commercial/industrial property (ies) and in the name of Bank Alfalah.

·         You shall make 30% of equity participation for financing for purchase and construction of property. No equity participation is required for construction on owned plot or for  renovation of property.

·         The financing amount is at least PKR.0.5M or above and not more than PKR. 30M. In case of renovation of property, the financing amount cannot be more than PKR. 3.5M.