Overview
Buying or building a home is one of life’s most important milestones — and with Bank Alfalah Premier Home Finance, it’s simpler than ever. With over 15 years of expertise in housing finance, we go beyond lending to provide advisory support, legal counseling, and flexible financing options designed to fit your lifestyle. Whether you want to buy, build, or renovate, we make the journey to homeownership smoother and worry-free.
What You Get
- Financing solutions for home purchase, construction, renovation, or transfer from another bank
- Repayment tenures ranging from 3 to 25 years
- Financing up to 70% of property value (with no maximum limit)
- Option to add spouse or blood relative as co-borrower for higher eligibility
- Annual balloon (partial) payment option to repay faster
- Life and property insurance for complete financial protection
- Legal counseling to verify property documents and authenticity
Types of Financing
-
Home Buyer
Buy your dream house with financing starting from PKR 1 Mn and up to 70% of property value.
-
Plot & Build
Finance both your plot and construction, with up to 50% allocated for the plot and the rest for building.
-
Build Your Home
Finance 100% of your construction cost, disbursed in up to 4 tranches.
-
Home Improvement
Renovate or expand your existing home with financing up to PKR 3.5 Mn or 40% of your home’s structure value.
-
Home BTF (Balance Transfer Facility)
Transfer your existing home loan from another bank to Bank Alfalah for ease and better service.
-
Alfalah Green Energy
Finance up to PKR 5 Mn for reliable solar energy solutions from trusted partners.
-
Home Secure
Leverage an existing family property as mortgage to finance another residential purchase, with up to 100% exposure allowed (capped at 60:40 ratio between properties).
Eligibility & Documents
Eligibility Criteria
- Pakistani National with valid CNIC
- Salaried individuals (local or expatriate), businesspersons, self-employed, landlords, retirees, agriculturists, and those with rental income/foreign remittances
- Age:
- Salaried: 23–60 years (Age of retirement minus 3 years)
- Business/Self-employed: 23–65 years
- Others (rental, agriculture, etc.): 23–65 years
- Minimum employment/business experience:
- Salaried: 2 years (permanent), 3 years (contractual)
- Business/Self-employed: 3 years
- Others: 3 years
Eligible Property Types
- Complete or semi-complete house
- Apartments
- Residential farmhouses
Eligible Cities
Lahore, Karachi, Islamabad, Rawalpindi, Faisalabad, Multan, Peshawar, Quetta, Sukkur, Hyderabad, Gujranwala, Sialkot, Abbotabad, Bahawalpur
Important Documents
- Proof of Pakistani nationality (CNIC)
- Proof of employment, business, or profession
- Documentary evidence of all sources of income
- Copies of bank statements (as required)
- SBP-specific borrower information form
- Insurance disclosure forms
- Property title documents for financing
- Bank may request additional documents at processing
Features & Benefits
Flexible Repayment
Choose from financing tenures of 3 to 25 years.
High Financing Limits
Up to 70% of property value with no maximum limit for eligible clients.
Joint Eligibility
Add spouse or blood relative as co-borrower for higher eligibility or co-ownership.
Faster Repayment
Annual balloon (partial) payment option to reduce overall financing.
Comprehensive Protection
Life and property insurance to safeguard your family and home.
Legal Counseling
Expert verification of property title documents for peace of mind.
Calculator
Bank Alfalah Premier Home Finance Calculator
How to Apply
- Eligibility Check – Contact Bank Alfalah to assess your eligibility.
- Application Submission – Complete and submit the form with required documents.
- Verification – Information and documents verified as per regulations.
- Property Due Diligence – Independent property valuation and legal opinion.
- Facility Offer Letter – Approval issued with financing terms.
- Formalities – Life and property insurance arranged, account opened.
- Disbursement – Financing released for your chosen purpose.