Allied Bank Home Loan Program

Allied Bank Home Loan

Allied Bank Home Loan: For each Browser, Recognizing the unique financial, Allied Bank Limited is dedicated to assisting you in discovering the ideal housing finance plan tailored to your specific needs.

Our purpose at Allied Bank Limited is to assist you in locating the ideal home financing solution for your requirements. Since each borrower is unique, we offer a range of payment choices to accommodate your specific requirements.

 

For its customers, Allied Bank Limited has developed a variety of financing options that enable them to realize their aspirations of purchasing or developing their own homes. Apart from granting loans for house building, the Bank also offers options for purchasing pre-existing houses or apartments, purchasing land and constructing homes on it, and remodeling residential properties.

Allied Bank Home Loan Program

 Financing

Avail financing up to Rs.75 million Rupees with a flexible repayment tenure spanning from 3 to 25 years. Enjoy the option of getting your loan at a low markup rate and benefit from complimentary life insurance, subject to specified terms and conditions.

Important Note

Please note that this offer is presently available in nine cities, namely Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, Gujranwala, Sialkot, Multan, and Hyderabad.

You can access further details here

Eligibility Criteria In Allied Bank Home Loan

You must fulfill the following requirements to be qualified to apply for house financing from Allied Bank:

Nationality 

All the applicants for a home loan must have the nationality of Pakistan. People out of the country are not allowed to apply. 

Age Limit

Your age should be within the range of 25 to 57 years. Over this age limit will not be allowed to apply for the Allied Bank Home Loan.

For Salaried Individuals:

Duration of the Relationship with the Bank:

Applier should have Maintained at least six (06) months’ relationship with ABL or any other bank.

Employment history

Applier should Possess a minimum employment history of 3 years.

Minimum Salary Amount

 

Demonstrate a minimum net monthly salary of Rs.50,000/- Less than this salary amount will be not Acceptable.

Documents Required in Allied Bank Home Loan

The following basic documents are required to apply in this program:

  • Bank statement for the previous six months (ABL or any other bank, if applicable)
  •  (You should have a minimum of six months’ bank statement, The Bank may be ABL or any other bank) 
  • Copy of CNIC/ Smart NIC
  • (The Applier should have an Identity Card or smart CNIC card)
  • Proof of Income
  • (The Applier should have the proof of Income as in the Documental Form)
  • Salary Slip
  • (Applier should deposit the Salary Slip) 
  • Passport Size Photos
  • (The Applier should have two fresh passport-size photos) 
  • Complete and duly signed Application Form
  • (Applier should read the Application Form carefully and then fill it)
  •  Additional document(s) may also be requested.

Application

Click this link to apply for a home loan through the ABL.

 

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