Who can avail SME financing from Bank Alfalah ?
Any business entity (Manufacturing, Trading & Service sectors) in the same line of business for at least three years. The borrower may be a Proprietorship, Partnership or Private / Public Limited Company.
What products does Bank Alfalah offer ?
Bank Alfalah offers an extensive range of products targeting the needs of the business community.
How can I obtain the application form ?
Application forms can be obtained from our designated branches as mentioned on our website.
What kind of collateral/security does the bank require from the applicant/borrower ?
Collateral/security requirement depends upon the facility required. Many of our financing facilities do not require any collateral. However, collateral/security may vary on case to case basis and may include Residential/Commercial/Industrial property, Hypothecation of Stocks, Receivables, Plant & Machinery, LCY/FCY Deposits, and Government Securities, Personal Guarantee of Sponsors / Mortgagors / Others and or any other security acceptable to bank.
What is the minimum length of experience required in same line of business ?
Borrower should be in the same line of business/industry for at least 3 years, however new entities are considered on case-to-case basis.
How long does it take to process a loan application ?
It will usually take between 25 to 30 working days, subject to availability of all available documents.
What is the markup/ pricing for the facilities & penalties ?
Market competitive pricing will be offered. However, penalties are charged on the late/delayed payments as per bank’s policy & prevailing schedule of charges.
For Submission of application for obtaining loan facility, where should I visit ?
Visit any nearest Bank Alfalah branch where our Relationship Managers will assist you in this regard.