Bank Alfalah Personal Loan Calculator 2026
Bank Alfalah lends from Rs 50,000 to Rs 30 lakh without collateral, with instant approval in the Alfa app for eligible customers. Use the calculator to see your installment and total markup, then check Alfalah's fees, because early settlement in the first year costs 10%.
- Checked against Bank Alfalah sources, October 2026
- Rates updated 29 October 2026
- 1 year KIBOR 12.81%
Bank Alfalah Personal Loan at a glance
| Loan amount | Rs 50,000 to Rs 30 lakh. No collateral. |
|---|---|
| Tenure | 1 to 4 years. |
| Markup | Fixed or variable, set by Alfalah for your profile. Our rate sheet uses 22.5%. Discounted rates for women. |
| Processing fee | Rs 3,500 or 1.2% of the loan, whichever is higher. |
| Early settlement | 10% of the remaining principal in year 1, 8% in year 2, 5% from year 3. |
| Partial payment | Not allowed in year 1. 8% of the amount in year 2, 5% from year 3. |
| Late payment | Rs 600 per installment. |
| Minimum income | Rs 50,000 a month for salaried applicants, age 21 to 60. |
How Bank Alfalah Personal Loan works
Alfalah's personal loan is an unsecured loan you repay in equal monthly installments over 1 to 4 years. You can take it as cash for any personal need, or as a purchase loan for things like a bike, an electric scooter, a laptop or solar equipment. Eligible customers can get an instant decision and the money within a minute through the Alfa app, while others apply at a branch.
You can choose a fixed or a variable rate. A fixed rate keeps your installment the same for the whole loan. A variable rate moves with KIBOR, which is currently 12.81%. After you have repaid for a while, Alfalah may offer a top up based on your income and repayment history.
Bank Alfalah personal loan rate and charges
Alfalah does not publish a single personal loan rate. It sets the rate for each customer, and offers discounted rates to women. The calculator starts at 22.5%, the Alfalah figure on our rate sheet (updated 29 October 2026). Type in the rate Alfalah offers you to see your real installment.
The processing fee is Rs 3,500 or 1.2% of the loan, whichever is higher, so Rs 6,000 on a Rs 5 lakh loan. The bigger cost to watch is early settlement: 10% of the remaining principal in the first year, 8% in the second and 5% after that. Partial payments are not allowed at all in the first year. If you might come into money soon, borrow less rather than plan to repay early.
Who is eligible
Salaried applicants need a monthly salary of at least Rs 50,000 and must be between 21 and 60. Self employed people need around Rs 75,000 a month and can be up to 65. Alfalah also considers landlords, housewives and retired people with a steady income, and staff of approved companies who are foreign nationals.
Under SBP rules, your total monthly loan payments, including credit cards and any car loan, should stay within 40% of your income. The calculator shows the salary you need for the installment you pick.
Documents Alfalah asks for
- Completed and signed application form
- Copy of your CNIC
- Salaried: salary slip or salary certificate
- Self employed: proof of business such as tax returns, NTN or a bank certificate
- Bank statements for 6 months, if Alfalah asks for them
Worked example
Here is what a Rs 5 lakh loan over 3 years looks like at 22.5% a year, using the same maths as the calculator above.
| Loan amount | Rs 500,000 |
|---|---|
| Monthly installment | Rs 19,225 for 36 months |
| Total markup | Rs 192,093 |
| Processing fee | Rs 6,000 |
| Salary needed (40% rule) | Rs 48,062 a month |
Over the full term you would pay Rs 692,093 in total, of which Rs 192,093 is markup.
Frequently asked questions
How much can I borrow from Bank Alfalah?
From Rs 50,000 to Rs 30 lakh, depending on your income and Alfalah's assessment.
What is the Bank Alfalah personal loan processing fee?
Rs 3,500 or 1.2% of the loan amount, whichever is higher.
Can I repay my Bank Alfalah loan early?
Yes, but Alfalah charges 10% of the remaining principal in the first year, 8% in the second year and 5% from the third year.
What is the minimum salary for a Bank Alfalah personal loan?
Rs 50,000 a month for salaried applicants, who must be between 21 and 60.
How fast is Bank Alfalah's personal loan?
Eligible customers can be approved instantly and receive the money in about a minute through the Alfa app.
Does Bank Alfalah offer lower rates for women?
Yes. Alfalah advertises discounted personal loan rates for women.
Sources
LoanHissab is not linked to Bank Alfalah. We checked these details against the sources above in October 2026. Rates, fees and rules change often and your offer depends on your own profile, so always confirm the final terms with Bank Alfalah before you sign. Found something out of date? Tell us and we will fix it.