Under Housing Finance, the purpose of finance has to be with in defined purposes i.e. home buyer, home build on own plot, plot purchase and construction, Balance transfer facility, Solar Financing Solutions.

No, the Home Finance facility is available for the purchase of a plot along with construction of a house on it. Financing solely for plot purchase is not offered.

Currently, we offer housing finance facilities in the following cities: Lahore, Karachi, Islamabad, Rawalpindi, Multan, Faisalabad, Sialkot, Sargodha, Bahawalpur, Quetta, Peshawar, Gujranwala, Depalpur, Jhang, Kotli, Jhelum, Mirpurkhas, Arifwala, Pakpattan, Abbottabad, Gujrat, Sahiwal, Okara, Sukkur, Rahim Yar Khan, Chichawatni, Wah Cantt, Sadiqabad, Hyderabad, Sheikhupura, Taxila, Bahawalnagar. Cases from other cities or areas may be processed subject to approval by the competent authority.

You may check property status from relevant city’s development authorities like LDA, FDA, KDA, MDA, LDA etc. You may choose any residential property and apply for financing. The Bank will conduct legal and internal assessments to ensure the property has clear title, mortgage-able and transferable. If the property is not acceptable, you will be informed accordingly and guided on alternative options. Please note, bank is not bound by any sale commitment that you may have made with the seller.

Yes, Bank Alfalah allows up to two co-borrowers—such as your spouse, parents, children, or siblings—to combine their income with yours to enhance financial eligibility. Co-borrowers may contribute either through joint ownership of the property, income clubbing, or both.

The required equity contribution depends on your income segment and the financing amount. However, a minimum of 20% equity is generally required (T&C’s apply).

No, Home Finance facility is only available for residential properties.

Please refer to the “Schedule of Charges” for detailed information on application charges

A late payment penalty will be applied, which must be settled at the end of your financing tenure or upon early settlement of the facility. For details on late payment charges, please refer to the Bank’s “Schedule of Charges”.

Up to two allowed in a year with a maximum aggregate of 20% of the outstanding balance. However, no balloon payment shall be allowed during 1^st year of disbursement without levy of penalty i.e. 5% of any balloon payment (s) during 1^st year. For more details refer to “Schedule of Charges”.

Yes, Bank Alfalah offers an early payment/settlement facility at a nominal charges. For detailed information, please refer to the “Schedule of Charges”.

Yes, the financed property is insured, up to the construction cost for houses and up to the full price in the case of apartments. The first year’s premium will be paid in advance, while premiums for subsequent years will be paid in monthly installments.

Our standard housing finance is offered on a floating rate basis throughout the loan tenure. However, customized products with fixed or hybrid pricing options may also be available (T&C apply).

Repayments can be made through postdated cheques, monthly cash or cheque deposits into your repayment account, or via direct debit from your designated Bank Alfalah account.

Yes, you may be eligible to claim income tax rebate on the mark-up paid against your housing finance, subject to applicable tax laws