Today Update: Bank Alfalah Ghar Finance Scheme 2025 – Complete Details, Eligibility, Markup Rate & Online Apply

Bank Alfalah Ghar Finance Scheme 2025

Owning a home is a dream for many Pakistanis. But cumulative costs of land, structure materials and inflation often make this dream hard to realize. To help, Bank Alfalah has introduced a cover finance preparation under the designation Alfalah Ghar / Alfalah Ghar Asaan. This scheme stretches you the accidental to buy, build or renew your home-based with wieldy payments and sponsored rates.

Below is a quick summary table for easy reference:

Field	Details
Program Name	Alfalah Ghar / Alfalah Ghar Asaan
Start / Launch	Introduced under “Mera Pakistan Mera Ghar” housing initiative (active currently)
End / Validity	Ongoing (subject to bank & SBP policy changes)
Amount of Assistance / Financing	From PKR 500,000 up to several millions (limits depend on category)
Financing Tenure	Minimum 5 years, maximum up to 20 years (or more depending on category)
Method of Application	Branch / Offline + Online option where available

What is Alfalah Ghar / Alfalah Ghar Asaan?

Bank Alfalah Ghar Finance Scheme housing finance product that allows individuals to:

Purchase a new or existing house
Build a house on a plot
Renovate or extend an existing property

Under the “Ghar Asaan” variant, the system is offered at backed profit (markup) rates for sure classes, especially under the government’s “Mera Pakistan Mera Ghar” (MPMG) ingenuity.

This makes monthly expenditures peacemaker and more close for the average Pakistani. The arrangement aims to inspire home ownership, particularly among first-time purchasers.

Note: Subsidy or special rates may apply only for certain categories or under specific bank / SBP circulars. Always verify with your local branch or the bank’s website.

Key Features & Variants

Financing Categories & Subsidized Rates

Alfalah divides beneficiaries into categories (Category I, II, III) based on house size, price, etc.

Category I: For smaller / modest homes
Category II & III: Higher limits, less restrictions on size / value

For Ghar Asaan, subsidized profit (markup) rates are as follows:

In some cases, first 5 years = 3% p.a., next 5 years = 5% p.a. for modest homes
For larger categories, markup rates increase (e.g. first 5 years = 5%, next 5 = 7%)
Beyond 10 years, profit rate reverts to KIBOR + spread depending on the category

Financing Limits & Tenure

Minimum financing: PKR 500,000
Maximum financing: Depends on property, borrower capacity, category. In some cases, no strict cap for high-category projects.
Tenure: 5 years minimum up to 20 years (for Ghar Asaan)

Eligibility Criteria

To apply for Bank Alfalah Ghar Finance Scheme:

Must be a Pakistani citizen holding valid CNIC / NICOP / SNIC
Age criteria: generally 25 to 60 years for salaried persons; can vary slightly for self-employed / non-resident cases
Employment / Business tenure:
• Salaried: usually minimum 2 years service or relationship with employer
• Self-employed / Business: typically minimum 3 years in business
Documented proof of income, tax records, bank statements, etc.
Valid property / plot documents (title, ownership, registration papers) if the financing is for construction or purchase.
In certain cases, co-applicant / spouse or family member involvement may be required to strengthen credit.

Purpose of Financing

You can use the Bank Alfalah Ghar Finance Scheme facility for:

Buying a new or existing house / apartment
Buying a plot and then constructing a house
Renovation, repair, extension, or upgrading existing property

This flexibility is one strong point of the scheme.

How to Apply (Step by Step)

Offline / Branch Method

Visit nearest Bank Alfalah branch offering home finance.
Request and fill out the housing finance / Alfalah Ghar application form.
Attach all required documents (listed below).
Bank will perform income verification, credit history check, and property / title check.
Upon approval, complete legal formalities (mortgage, lien, registration) and disbursement.

Online / Digital Method

Bank Alfalah Ghar Finance Scheme also offers online application or digital submission (depending on branch / region).

You may find “Apply Now” or “Home Finance / Alfalah Ghar” options on Bank Alfalah’s website.
Some application parts (document upload, form filling) can be done online; final verification may require branch visit.
For Roshan Apna Ghar (for non-resident Pakistanis), online / digital features are emphasized.

Required Documents

Below is a typical list of documents needed (may vary slightly by branch or category):

Copy of CNIC / NICOP / SNIC
Passport-size photographs
Proof of income: latest salary slips, employment certificate (for salaried)
For self-employed / business: tax return, audited accounts, bank statements
Title documents of property / plot: ownership proof, registration, survey, etc.
Construction plan / cost estimates (if applying for building)
Any other bank-specific forms or declarations

Always check with Bank Alfalah for the latest list, since requirements may change.

Benefits of Alfalah Ghar Scheme

Subsidized profit / markup rates for eligible categories under Ghar Asaan
Longer tenure options to reduce monthly burden
Ability to buy, build or renovate under one scheme
Bank Alfalah has a large branch network across Pakistan → easier access
Option of online application in many cases
Beneficial for both salaried and self-employed individuals
Encourages first-time homeowners to take advantage of government housing support

Risks, Conditions & Important Notes

Property must be legally clean — no disputes, encumbrances, or legal encroachments.
Changes in markup / profit rate (linked to KIBOR or bank spread) may affect payments after certain years.
Delays in installment payments may lead to penalty / late charges.
Early settlement / prepayment rules may vary; some fees may apply in the first year, then waived later.
Scheme availability or subsidy may be subject to policies of SBP (State Bank of Pakistan) or government housing schemes like Mera Pakistan Mera Ghar.
Always check the bank’s official schedule of charges, legal fees, registration, and documentation costs.

Final Summary & Recommendation

Bank Alfalah’s Alfalah Ghar / Alfalah Ghar Asaan scheme proposals a strong chance for Pakistanis to realize their dream of home ownership. With backed valuing, supple tenancies, then support for obtaining, structure or renewing, this program concealments greatest cover cash wants.

If you plan to apply: