{"id":86408,"date":"2020-04-02T06:36:19","date_gmt":"2020-04-02T06:36:19","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=86408"},"modified":"2020-04-02T06:36:21","modified_gmt":"2020-04-02T06:36:21","slug":"allied-bank-limited-introduces-home-finance-solutions","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/blog\/allied-bank-limited-introduces-home-finance-solutions.html","title":{"rendered":"Allied Bank Limited Introduces Home Finance Solutions"},"content":{"rendered":"\n<p>In Pakistan, there are limited facilities for\nthe people when it comes to home\nfinance. To help aspirants in their home financing concerns, Allied Bank\nLimited has introduced a number of home finance facilities \u2013 including house\nbuilding and house\npurchase loan packages.<\/p>\n\n\n\n<p>By providing these affordable solutions,\nAllied Bank has ensured that people will have their own homes. The financial\ninstitution also understands that every individual has varying financing needs\nfor constructing or purchasing a house. To facilitate this purpose, Allied Bank\nhas ensured that Allied Home\nFinance solutions meet the needs of a wide array of customers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Allied Home Finance Solutions<\/strong><\/h2>\n\n\n\n<p>Allied Bank Limited has formulated a number of financing solutions for its customers so they can fulfil the dream of constructing or buying their own homes. Apart from house construction loan, the Bank is also providing solutions for buying already constructed house or apartment, purchasing land and constructing house on it, and renovating residential property.<\/p>\n\n\n\n<p>Here is a brief detail on the Allied Home Finance options:\n<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Purchasing<\/strong>: Customers can acquire a house\nor apartment purchase loan\npackage to buy an already constructed house or apartment<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Construction<\/strong>: This is a basic house building loan where\ncustomer can obtain financing for commencing with construction of a house on an\navailable piece of land<\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-3-1024x640.jpg\" alt=\"An advertisement by Allied Bank Limited for home financing\" class=\"wp-image-86413\" srcset=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-3-1024x640.jpg 1024w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-3-300x188.jpg 300w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-3-768x480.jpg 768w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-3-640x400.jpg 640w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-3-368x230.jpg 368w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-3.jpg 1440w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption> <em>Allied Bank Limited offers convenient home financing solutions<\/em> <\/figcaption><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Buying Land &amp; Construction<\/strong>: With\nthis type of home loan, customer can get finance for both land purchase and\nconstruction <\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Home Renovation<\/strong>: In case you just need financial support for renovating your existing house or apartment, you can choose this option<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Loan Transfer<\/strong>: If you already have a home\nloan acquired from another bank, you can transfer it to Allied Bank with this\nfacility \u2013 at a lower mark-up rate<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Solar Energy System<\/strong>: If you are seeking\nthe installation of a solar energy system in your house, then you can obtain\nthis loan at a discounted mark-up rate under a scheme introduced by the State\nBank of Pakistan (SBP)<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Eligibility\ncriteria for Allied Home Finance<\/strong><\/h2>\n\n\n\n<p>Allied Bank Limited aims to facilitate a large\nnumber of people with its home loan options. Therefore, it has designed a flexible\neligibility criteria, which is as follows: <\/p>\n\n\n\n<p><strong>General\nRequirements<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Pakistani national<\/li><li>Age between 25 years and 57\nyears<\/li><\/ul>\n\n\n\n<p><strong>Salaried\nIndividuals<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>At least 6-month relationship\nwith Allied Bank or any other bank<\/li><li>Minimum monthly income of PKR\n50,000<\/li><li>Permanent employee with 3 years of employment<\/li><\/ul>\n\n\n\n<p><strong>Self-employed\nIndividuals\/Businesspersons<\/strong>: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Minimum 1 year relationship\nwith Allied Bank or 2 years relationship with any other bank<\/li><li>In case of relationship with\nAllied Bank, active time of business\/profession should be of minimum 2 years<\/li><li>In case of relationship with\nanother bank, active time of business\/profession should be of minimum 3 years<\/li><li>For Allied Bank customers,\nminimum net monthly income should be PKR 75,000<\/li><li>For customers of other banks,\nminimum net monthly income should be PKR 100,000<\/li><\/ul>\n\n\n\n<p>When applying for Allied Home Finance options, applicant is required to submit a few documents. Prospective clients can view these requirements on the <a href=\"https:\/\/www.abl.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\" aria-label=\"bank\u2019s website (opens in a new tab)\">bank\u2019s website<\/a>. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Benefits of Allied Home Finance <\/strong><\/h2>\n\n\n\n<p>Financing your dream of constructing or\nbuying your own home with the help of Allied Bank comes with significant\nbenefits, which include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Financing amount between PKR\n0.5 million and PKR 40 million<\/li><li>Repayment tenure between 3\nyears and 25 years<\/li><li>Easy and quick processing of\napplications<\/li><li>Availability of loan transfer\nfacility with lower mark-up rate<\/li><li>Free life insurance (terms\n&amp; conditions apply)<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Low-cost Home Finance Solutions<\/strong><\/h2>\n\n\n\n<p>Allied Bank has always strived to meet the diverse needs of its customers. Moreover, the Bank thoroughly supports the State Bank\u2019s initiative concerning <a href=\"https:\/\/www.zameen.com\/blog\/sbp-low-cost-housing-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"low-cost housing finance (opens in a new tab)\">low-cost housing finance<\/a>. Complying with SBP\u2019s \u2018Refinance Scheme,\u2019 Allied Bank is offering low-cost home financing solutions for: <\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Widows<\/li><li>Special Persons <\/li><li>Children of martyrs from armed\nforces and law enforcement agencies and of civilians martyred during terrorist\nattacks<\/li><li>Transgenders<\/li><li>Individuals residing in areas\naffected by the war against terrorism<\/li><\/ul>\n\n\n\n<p>To this effect, prospective clients seeking\nhome financing under the special segment can view the particulars of\neligibility on Allied Bank\u2019s website www.abl.com <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-02-1024x640.jpg\" alt=\"Allied Bank Limited\u2019s advertisement for house financing\" class=\"wp-image-86416\" srcset=\"https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-02-1024x640.jpg 1024w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-02-300x188.jpg 300w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-02-768x480.jpg 768w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-02-640x400.jpg 640w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-02-368x230.jpg 368w, https:\/\/cdn-blog.zameen.com\/blog\/wp-content\/uploads\/2020\/04\/1440x900-02.jpg 1440w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption> <em>With Allied Bank home financing solutions, you can fulfil the dream of constructing your own house<\/em> <\/figcaption><\/figure>\n\n\n\n<p>Currently, Allied Bank is offering a full\narray of variants right from outright purchase of house to construction, renovation,\nand loan transfer facility to the residents of major cities across Pakistan.\nThese urban centres include Lahore, Karachi, Islamabad, Rawalpindi, Gujranwala,\nFaisalabad, Multan, Sialkot, and Hyderabad. <\/p>\n\n\n\n<p>For more information on home finance solutions in Pakistan, keep following <a href=\"https:\/\/www.zameen.com\/blog\/\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">Zameen Blog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Pakistan, there are limited facilities for the people when it comes to home finance. To help aspirants in their home financing concerns, Allied Bank Limited has introduced a number of home finance facilities \u2013 including house building and house purchase loan packages. By providing these affordable solutions, Allied Bank has ensured that people will have their own homes. The financial institution also understands that every individual has varying financing needs for constructing or purchasing a house. To facilitate this purpose, Allied Bank has ensured that Allied Home Finance solutions meet the needs of a wide array of customers. Allied Home Finance Solutions Allied Bank Limited has formulated a number of financing solutions for its customers so they can fulfil the dream of constructing or buying their own homes. Apart from house construction loan, the Bank is also providing solutions for buying already constructed house or apartment, purchasing land and constructing house on it, and renovating residential property. Here is a brief detail on the Allied Home Finance options: Purchasing: Customers can acquire a house or apartment purchase loan package to buy an already constructed house or apartment Construction: This is a basic house building loan where customer can obtain&hellip;<\/p>\n","protected":false},"author":79,"featured_media":86409,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[29],"tags":[59401,59402,59400,38546,59398,59399,43961],"persona":[38544],"class_list":{"0":"post-86408","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-allied-bank-home-loan","9":"tag-allied-home-finance","10":"tag-apartment-purchase-loan","11":"tag-house-building-loan","12":"tag-house-construction-loan","13":"tag-house-purchase-loan","14":"tag-lob","15":"persona-banking-and-finance","16":"cat-29-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Allied Bank Limited Introduces Home Finance Solutions | Zameen Blog<\/title>\n<meta name=\"description\" content=\"To meet the 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