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Alfa Islamic Account 1 Rnd6tyu

Overview

Islamic Roshan Apna Ghar offers Non-Resident Pakistanis (NRPs) an easy way to finance a home in Pakistan through their Roshan Digital Account (RDA). You can choose financing with or without cash collateral, depending on your preference.

With flexible terms and Shariah-compliant options, Islamic Roshan Apna Ghar makes it simple for overseas Pakistanis to buy, build, or renovate a home for their families in Pakistan.

Financing Variants

Lien-Based Financing

  • Lien is placed on your RDA deposits, Naya Pakistan Certificates (NPCs), or Islamic Naya Pakistan Certificates (INPCs).
  • Financing available up to 99% of property value for purchase or construction.
  • Financing up to 40% of property value for renovation.

Non-Lien Financing

  • Financing available up to 80% of property value for purchase or construction.
  • Financing up to 30% of property value for renovation.
  • Open to both salaried and self-employed customers.
  • Flexible repayment tenors from 3 to 25 years.

Features & Offerings

Flexible Financing Options

Choose between lien-based or non-lien financing using your RDA balance or NPCs as collateral.

Shariah-Compliant Solution

Available under both Shariah-compliant and conventional financing structures.

Wide Usage

Finance new homes, plot purchases, construction, or renovations.

Long Tenure Options

Choose a repayment period between 3 and 25 years.

Competitive Mark-Up Rates

Enjoy attractive and affordable profit rates.

Salient Features

  • Eligibility: Available exclusively for Bank Alfalah Roshan Digital Account holders.
  • Maximum Financing: High financing available against the property value.
  • Exclusive Pricing: Benefit from attractive and competitive price offerings.
  • Flexible Payments: Make partial payments anytime after the first year with zero charges.
  • Processing Fee: A fee of PKR 4,000 (exclusive of FED) applies at the time of processing.
  • Life Takaful Coverage: Optional takaful covering death (any cause) and accidental or natural disability.
  • Property Takaful: Property takaful expenses are borne by the Bank.
  • Government Subsidy Scheme: Facility available under the SBP IH&SMEFD Circular No. 03 of 2021 as per the defined tiers.

Early Termination:

  • First year: 1% early termination fee applies.
  • After first year: No charges.

Eligibility

Net Monthly Income

  • Non Lien: SAL:$3000 or equivalent
  • Non Lien: SEB/SEP: $4000 or equivalent
  • Lien based: No Minimum Income Requirement

Age (Applicant/Co-applicant)

  • SAL:25-60 years
  • Non salaried:25-65 years

Employment Tenure

  • SAL: 2 years
  • Non SAL: 3 years (02 Years for existing BAFL asset /Branch banking relationships.)

Financing Tenure

  • 3 - 25 years

Debt Burden Ratio (DBR)

  •  45% of Net Disposable Income (Non - Lien Based)
  •  For Lien based : No DBR requirement

Required Documents

The following documents are required for customers.

For Salaried (Non-Lien Based):

  • Application form & NICOP copy
  • Co-applicant’s CNIC/NICOP
  • Passport & Visa/Work Permit copy (if applicable)
  • Employer’s certificate with designation, tenure & remuneration
  • Employment contract (if applicable)
  • Last 3 months’ salary slips
  • Bank statement (last 12 months, original or attested)
  • Credit bureau report of country of residence
  • Educational qualification certificates (if applicable)
  • Tax returns (last 2 years, if applicable)
  • Rental documents & credit card bills (if applicable)
  • Professional association membership or license (if applicable)

For Non-Salaried (Non-Lien Based):

  • Application form & NICOP copy
  • Co-applicant’s CNIC/NICOP
  • Business proof & registration
  • Passport & Visa/Work Permit copy (if applicable)
  • Bank statement (last 12 months, original or attested)
  • Credit bureau report of country of residence
  • Educational qualification certificates (if applicable)
  • Tax returns (last 2 years, if applicable)
  • Rental documents & credit card bills (if applicable)

For Lien Based:

  • Completed digital finance application
  • NICOP/CNIC of applicant & co-applicant
  • Scanned recent passport-size photographs
  • Valid income proof documents

Apply Now

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RDA – Roshan Apna Ghar Calculator

*Terms & Conditions apply

Disclaimer

  • *I/We have understood that these quoted terms are tentative and subject to Prudential Regulations of State Bank of Pakistan, satisfactory report from Credit Information Bureau and Bank Alfalah’s internal policy. Further, Bank has the right to cancel any of the quoted terms without assigning any reason.
  • For Lien-Based Product KIBOR rate (One Year) on the first day of the month will be applicable and will be revised on Facility anniversary.
  • For Non-Lien Based Product One Year Kibor + 1.5 % spread shall be applicable at the time of Facility Booking and will be revised on Facility anniversary.
  • Applicable Taxes, Levies, Transfer & Registration Charges and other such charges are not included in this Tentative Sheet and shall be applicable on actual basis or prevailing Schedule of Charges, respectively.