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Overview

Alfalah Hybrid Home Finance gives you the best of both worlds—a fixed markup rate for the first few years, followed by a variable rate linked to market conditions. This means predictable installments at the start and flexibility later, making it ideal for budgeting in volatile rate environments.

What you get

  • Stable, fixed installments during the initial term.
  • Variable rates after the fixed period for long-term adaptability.
  • Financing options for locals, expatriates, Roshan Apna Ghar customers, and Home Solar Finance.
  • Competitive pricing with transparent rate structure.

Features & Offerings

Fixed Installments for Stability

Lock in your installment amount for a set initial period to protect yourself from rate fluctuations.

Variable Markup After Fixed Period

Switch to market-linked rates after your fixed term ends, balancing cost efficiency with flexibility.

Wide Customer Eligibility

Available for locals, expatriates, Roshan Apna Ghar customers, and Home Solar Finance clients (T&Cs apply).

Rate Protection in Volatile Markets

Ideal for borrowers seeking easier budgeting during uncertain interest-rate conditions.

Hybrid Pricing Availability

Bank Alfalah Hybrid Home Finance offering is subject to availability of funds and for limited period (T&Cs apply).

Competitive Hybrid Pricing

Attractive fixed rates for the initial certain years, followed by variable pricing based on KIBOR + bank’s margin.

Streamlined Documentation Process

Digital and physical submission options with clear, product-specific requirements for salaried, self-employed, and expatriate customers.

Flexible Eligibility Criteria

Tailored income, age, and experience thresholds for different customer categories and products.

Nationwide Coverage

Financing available in major cities across Pakistan, subject to property eligibility checks.

Eligibility

Salaried Individuals

  • Citizenship: Valid CNIC/SNIC/NICOP/POC holder
  • Minimum Net Monthly Income: PKR 75,000 (Local) / USD 3,000 or equivalent (NRP)
  • Age: 25 years until retirement
  • Minimum Experience:

    2 years (Permanent employees)

    3–5 years (Contractual employees)

Self-Employed / Businessmen / Others

  • Citizenship: Valid CNIC/SNIC/NICOP/POC holder
  • Minimum Net Monthly Income: PKR 150,000 (Local) / USD 4,000 or equivalent (NRP)
  • Age: 25–70 years
  • Minimum Experience: 3 years

Documents Required

  • Loan Application Form / Digital Application
  • Copy of applicant and/or co-applicant’s CNIC/SNIC/NICOP/POC
  • Color photographs of applicant and/or co-applicant
  • Proof of Employment/Business/Profession
  • Documentary evidence of all sources of incomes
  • Copies of all title property documents (if selected)
  • Home Solar - Copy of quotation from Bank Alfalah’s approved vendor
  • Salaried:

    • Latest salary slips or employment letter (stating date of joining, salary breakup and job status)
    • Last 6 months bank statement

    Self Employed / Businessperson:

    • Proof of Income:

      Last 1 Year Bank statement

      Latest tax returns

      Audited financials (if available)

      Income estimation (If required)

    • Professional certificate (in case of self-employed professional)
    • Sole proprietorship proof (in case of sole proprietorship)
    • Partnership deed and Form-C if registered (in case of partnership)
    • For limited companies, MOA, Form A, and Form 29

    Expatriate / Non-Resident Pakistanis:

    • Copy of valid passport
    • Work / residence permit / Iqama
    • Proof of income:

      Salaried: Latest salary slips or employment letter (stating date of joining, salary breakup and job status)

      Self-employed professional / Businessperson / Others: Valid business proof along with income documents (last tax returns where applicable)

    • Latest Bank Statement (6 months salaried, 12 months others)
    • Credit Bureau Report of your current country of stay
    • Proof of residence (valid identity document or utility bills or notarized / attested rent agreement etc)
    • Proof of business (commercial registration certificate or bank letter defining business entity or licenses to operate business or rent agreement of the business premises etc)

Important Documents

Note: Additional documents will be required considering customer's profile & segment.

Steps to your dream Home

  1. Home Finance Application Physical / RAPID portal
  2. Received required documents
  3. Pre-Screening of submitted documents by the Bank
  4. Legal opinion Stage 1 and Property Valuation (If property is selected)
  5. Processing, verifications, and internal checks etc.
  6. Credit Review & Decision Making
  7. Legal Opinion Stage 2 (If property is selected)
  8. Pre-Disbursement Formalities. Signing of Finance & Charge documents by the customer(s)
  9. Disbursement of Approved Amounts

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*Terms & Conditions apply.