Applying for an Allied Bank Personal Loan can be a straightforward way to meet short-term needs—whether you’re planning a wedding, funding education, or covering unexpected expenses. With competitive markup rates and flexible tenures, Allied Bank’s personal finance product, known as “Allied Personal Finance,” has become a popular choice among Pakistani salaried and self-employed individuals.
In this comprehensive guide, we’ll walk through eligibility, application steps, rates, installment plans, and practical tips that go beyond generic advice. By the end, you’ll feel confident tackling your own Allied Bank personal loan request with minimal hassle.
Introduction
Imagine needing PKR 500,000 for a home renovation or PKR 200,000 to cover a sibling’s wedding. You don’t want to wait months for approval, and you want transparent markup rates and clear repayment terms. That’s where an Allied Bank Personal Loan shines.
Whether you’re an ABL account holder or maintain a salary account elsewhere, this loan product offers tailored markup based on your profile, quick approvals (roughly 15 working days), and a handy online Allied Bank personal loan calculator to estimate monthly payments. In this guide, we’ll cover every detail—from eligibility to repayment—so you gain unique, practical insights rather than generic pointers.
Useful Tip: Before applying, gather your CNIC, salary slips (last 3 months), and any supporting documents (e.g., vendor estimates). Having everything ready reduces back-and -forth and shortens processing time.
What Is an Allied Bank Personal Loan?
An Allied Bank Personal Loan (branded as “Allied Personal Finance”) is an unsecured term financing facility designed to help individuals meet various personal needs—such as weddings, education, home repairs, or medical expenses. Key highlights include:
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- Loan Amount Range: PKR 30,000 to PKR 3,000,000 (depending on eligibility and credit profile).
- Tenure Options: 12, 24, 36, or 48 monthly installments.
- Markup Rates: Up to 1-Year KIBOR + 17% for salaried; up to 1-Year KIBOR + 18% for self-employed or business professionals.
- Processing Fee: 1% of loan amount or minimum PKR 2,000 (whichever is higher).
Unlike a standard “personal loan,” Allied Bank Personal Loans are structured under the Government’s Markup Subsidy Scheme (for housing), but most borrowers simply choose their markup bracket based on profile. The dedicated online Allied Bank personal loan calculator helps forecast monthly installments, so you know exactly how much you’ll pay before submitting your application.
Eligibility Criteria
a) Salaried Individuals
- Nationality & Age: Pakistani national, aged 21–59 years.
- Banking Relationship: Minimum 6 months with ABL or any other bank.
- Minimum Net Monthly Salary:
- PKR 25,000 (if salary account with ABL).
- PKR 35,000 (if salary account with another bank).
- Employment Type: Permanent or direct contract.
- Employment Duration: At least 2 years of continuous service.
b) Self-Employed / Business Professionals
- Nationality & Age: Pakistani national, aged 21–64 years.
- Banking Relationship:
- 12 months with ABL.
- 24 months with another bank.
- Minimum Net Monthly Income:
- PKR 45,000 (ABL account).
- PKR 55,000 (other bank account).
- Business Tenure:
- Minimum 2 years (if ABL account).
- Minimum 3 years (if other bank).
Additional factors include your Debt Burden Ratio (DBR) and credit history. A strong credit profile (zero defaults, good credit score) increases approval odds and may secure you a markup rate closer to the lower end of the “1 Year KIBOR + X%” range.
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Required Documents
Regardless of category, the following documents are typically required:
- Copy of CNIC (both sides).
- Salary Slips (last 3 months) or last 2 years’ audited financial statements (for self-employed).
- Bank Statements (last 6 months) showing salary credits or business transactions.
- Proof of Employment: Employment letter or business registration.
- Photographs (passport size).
If applying for a specific purpose (e.g., wedding or medical), include relevant estimates/invoices—for example, a wedding venue cost estimate or hospital’s medical bill estimate.
Useful Tip: Organize all documents into a single PDF or folder before heading to the branch or uploading online. Label each file clearly (e.g., “AliKhan_CNIC.pdf,” “MedicalEstimate_Jun2025.pdf”).
Key Features & Benefits of ABL Personal Loan
1. Competitive Markup Rates
- Salaried Individuals: Up to 1 Year KIBOR + 17%.
- Self-Employed / Business Owners: Up to 1 Year KIBOR + 18%.
Because KIBOR fluctuates, actual markup could be slightly higher or lower, but is always calculated at disbursement time. In June 2025, 1 Year KIBOR hovers around 19.5%, implying a total markup of ~36.5% for salaried and ~37.5% for self-employed borrowers.
2. Flexible Tenure Options
You choose from 12, 24, 36, or 48 months—allowing you to balance monthly affordability against total markup paid. Shorter tenures mean less markup but higher EMI; longer tenures reduce monthly EMI at the cost of more markup over time.
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3. Prepayment & Balloon Payment Facility
- Partial Prepayment: Allowed after 6 months. Minimum prepayment is equal to 3 monthly installments; you can make up to 2 balloon payments during the loan term.
- Full Prepayment: Anytime before maturity, subject to a prepayment penalty as per the Schedule of Charges.
4. No Collateral (Unsecured)
Since Allied Bank Personal Loan is unsecured, you do not need to pledge any asset. This is especially helpful for those who need quick cash without risking property or other collateral.
How to Apply for an Allied Bank Personal Loan Online
Allied Bank offers a streamlined digital process through its website and myABL Internet & Mobile Banking portal. Follow these steps for an online application:
- Visit the Allied Personal Finance Webpage
Go to Allied Bank’s Personal Finance page - Use the Allied Bank Personal Loan Calculator
Click on “Personal Finance Calculator” to estimate your monthly EMI and markup. Enter desired amount (e.g., PKR 500,000), tenure (e.g., 24 months), and city. The calculator (markup type “Fixed”) will display: - Applicable markup rate.
- Total monthly installment.
- Fill Out the Online Application Form
- Provide personal details: name, CNIC, contact, employment details.
- Specify loan amount and tenure.
- Upload required documents (salary slips, CNIC, etc.).
- Submit & Track
- After submission, you’ll receive a reference number.
- Expect a branch visit for verification or biometric authentication (depending on your city and profile).
- Approval generally takes around 15 working days. abl.com
- Sign Agreement & Receive Funds
- Once approved, visit your nearest branch to sign the loan agreement. The net disbursed amount (after deducting processing fee) is transferred to your salary or designated account.
Useful Tip: If you are an ABL Internet Banking user, log in to myABL and navigate to “Loans → Allied Personal Finance.” The system may auto-populate certain fields (like CNIC and account details), further speeding up the process.
Allied Bank Personal Loan Interest Rates & Charges
Markup Rate Breakdown
- Salaried Borrowers: 1 Year KIBOR + 17%.
- Self-Employed / Business Borrowers: 1 Year KIBOR + 18%.
For illustrative purposes, assume 1 Year KIBOR = 19.50% (June 2025).
- Salaried Markup: 19.50% + 17% = 36.50% per annum.
- Self-Employed Markup: 19.50% + 18% = 37.50% per annum.
Example: 5 Lakh Loan for Salaried Applicant
Loan Amount: PKR 500,000
Tenure: 24 months
Markup Rate: 36.50% p.a.
Processing Fee: 1% of PKR 500,000 = PKR 5,000 (deducted at disbursement)
Net Disbursal: PKR 495,000
Using the Allied Bank personal loan calculator, your EMI would be roughly PKR 30,500 per month (inclusive of markup). This is an estimate; actual EMI may vary slightly due to rounding.
Other Charges
| Charge Type | Details |
|---|---|
| Processing Fee | 1% of loan amount or PKR 2,000 (whichever is higher) |
| Late Payment Penalty | As per Schedule of Charges (typically 2%–4% on overdue installment) |
| Prepayment Penalty | 5% of prepaid amount (up to 3 years) 4% (years 4–5) |
| Courier / Documentation Charges | PKR 500–1,000 (variable by branch) |
Useful Tip: If you foresee early repayment, plan balloon payments after 6 months to reduce total markup. However, verify prepayment penalties to ensure savings outweigh the fee.
Allied Bank Personal Loan Installment Plan
When you apply for an Allied Bank Personal Loan, you must decide on a tenure and monthly installment plan. Here’s how installments are structured:
Equal Monthly Installments (EMIs):
- Spread equally over chosen tenure (12, 24, 36, or 48 months).
- EMI formula typically used:
EMI Calculator
Partial Prepayment / Balloon Payments:
- Allowed after 6 months.
- Minimum amount equals 3 monthly installments.
- Up to 2 balloon payments during loan tenure.
Early/Full Settlement:
- Allowed anytime before maturity.
- Prepayment penalty applies (refer to Schedule of Charges).
Sample Installment Plan Table
Suppose you borrow PKR 500,000 for 24 months at 36.50% markup (salaried applicant). Below is a simplified schedule (first and last two EMIs shown):
| Month | EMI (PKR) | Principal Component (PKR) | Markup Component (PKR) | Outstanding Balance (PKR) |
|---|---|---|---|---|
| 1 | 30,500 | 15,200 | 15,300 | 484,800 |
| 2 | 30,500 | 15,300 | 15,200 | 469,500 |
| … | … | … | … | … |
| 23 | 30,500 | 29,800 | 700 | 30,200 |
| 24 | 30,500 | 30,200 | 300 | 0 |
Allied Bank Personal Loan Calculator
The Allied Bank personal loan calculator lets you:
- Select City (Faisalabad, Islamabad, Karachi, Lahore, Rawalpindi).
- Enter Desired Loan Amount.
- Choose Financing Tenure (12, 24, 36, 48 months).
- Pick Markup Rate Type (Fixed or Variable under subsidy scheme).
Once you click Compute, the tool displays:
- Applicable Markup Rate.
- Total Monthly Payment (EMI).
- Total Markup Payable.
Because it’s “indicative” (excludes insurance), actual amounts may vary. Always confirm with your branch before finalizing.
Useful Tip: If the EMI exceeds 30% of your net monthly salary, consider increasing tenure or reducing loan amount. This prevents undue strain on your monthly budget.
How to Get Your Allied Bank Personal Loan Approved Quickly
1. Maintain a Strong Credit History:
Banks pull your credit report. Ensure zero defaults on credit cards, utility bills, and other loans. A credit score above 700 significantly boosts approval odds.
2. Demonstrate Stable Income:
Salaried applicants with steady employment (2+ years in the same company) fare better. Self-employed borrowers should show consistent business profits (audited statements).
3. Keep DBR Below 50%:
Your Debt Burden Ratio (total EMI obligations ÷ gross income) should ideally be under 50%. If DBR exceeds this, try paying off small debts first.
4. Provide Clear Purpose & Supporting Documents:
Submitting genuine vendor estimates (e.g., wedding hall invoice or hospital bill) reduces suspicion and speeds up the “verification of purpose” stage.
Follow Up Politely:
After 7–10 working days, call the ABL Helpline (042-111-225-225) or visit the branch to inquire about your application status. A polite nudge often moves things along faster.
Common Mistakes to Avoid
- Incomplete Documentation: Missing salary slips or incomplete CNIC copies leads to immediate rejection.
- Vague Purpose: Merely stating “for personal needs” reduces credibility. Always specify—“for daughter’s wedding” or “for kidney transplant at XYZ Hospital.”
- Over-Borrowing: Requesting the maximum PKR 3,000,000 when your net salary is PKR 50,000/month results in a high EMI and likely rejection. Borrow within reason.
- Ignoring Prepayment / Late Fees: Not factoring in prepayment penalties and late payment charges could inflate your cost. Always review the Schedule of Charges.
Useful Tip: Before submitting, have a colleague or family member proofread your application and check document clarity. A second pair of eyes catches errors you might miss.
Allied Bank Personal Loan Vs Other Banks
While Allied Bank Personal Loan offers competitive markup rates, it’s worth comparing with alternatives:
| Bank | Loan Amount Range (PKR) | Markup Rate (Approx.) | Tenure Options | Processing Fee | Special Features |
|---|---|---|---|---|---|
| Allied Bank | 30,000 – 3,000,000 | 1 Year KIBOR + 17% (Salaried) 1 Year KIBOR + 18% (Self-Employed) | 12–48 months | 1% of loan amount (min PKR 2,000) | Prepayment after 6 months; balloon payments; no collateral. |
| HBL Personal Loan | 50,000 – 3,000,000 | Prime + 2.5% (Salaried) Prime + 2.75% (Self-Emp.) | 12–48 months | 1% of loan amount (min PKR 3,000) | Women get 50% discount on processing fee; top-up facility. |
| MCB Personal Loan | 100,000 – 2,000,000 | Prime + 3% | 12–36 months | PKR 3,000 flat | Instant online approval (subject to CIB); digital disbursement. |
| BOP Advance Salary | 25,000 – 500,000 | 1.5% – 2.0% per month (flat) | 3–12 months | PKR 1,000 flat | Quick approval; no CIB check for salaried; shorter tenure only. |
Here you can see Allied Bank shines with unsecured loans up to PKR 3M, HBL’s top-up features and MCB’s instant disbursement make them worthy alternatives. Choose based on your specific needs—larger loan amount or lower EMI versus quick turnaround time.
Frequently Asked Questions (FAQs)
How to get a personal loan from an Allied Bank?
1. Check Eligibility: Ensure you meet the criteria—age, income, banking relationship.
2. Use the Allied Bank Personal Loan Calculator: Estimate EMI and markup online.
3. Gather Documents: CNIC, last 3 months’ salary slips (or audited statements), bank statements, and relevant purpose estimates.
4. Apply Online or In-Branch: Submit the digital form at Allied Personal Finance page abl.comsayjobcity.com or visit your nearest branch.
5. Sign Loan Agreement & Disbursement: After approval (around 15 working days), sign and receive funds in your account.
How much interest for a 5 Lakh loan?
Markup Rate Example (June 2025):
1. Salaried: 1 Year KIBOR (19.50%) + 17% = 36.50% p.a.
2. Self-Employed: 1 Year KIBOR (19.50%) + 18% = 37.50% p.a. abl.comsayjobcity.com
3. Estimated EMI (24 months): ~PKR 30,500 (salaried) or PKR 31,000 (self-employed).
4. Total Markup Paid: Approximately PKR 230,000 over 2 years (salaried).
Always use the official Allied Bank personal loan calculator to get precise numbers based on current KIBOR rates.
How to get a 5 Lakh loan without interest in Pakistan?
1. Government/Charitable Schemes:
Some Islamic banks or charity organizations offer interest-free loans (Qard-e-Hasna) for specific groups (e.g., government employees, low-income families).
For example, Kamyab Jawan Interest-Free Loan Scheme under the Ehsaas program provides loans up to PKR 500,000 to youth for business without markup—subject to scheme criteria.
2. Allied Bank Does Not Offer Zero-Markup Personal Loans:
Allied Bank’s personal finance product always charges markup based on KIBOR.
To obtain a truly interest-free loan, explore government subsidy schemes (e.g., Mera Pakistan Mera Ghar for housing finance, Ehsaas-backed programs) or approach relevant charity foundations
Useful Tip: If you qualify for a government-backed housing or small-business scheme, you may effectively pay a much lower markup (3%–7%) compared to standard personal loan rates. This can feel close to “interest-free” in real terms.
Conclusion
An Allied Bank Personal Loan (Allied Personal Finance) offers a competitive, unsecured borrowing solution with flexible tenures, transparent markup rates tied to 1 Year KIBOR, and a simple online application process. By understanding eligibility requirements, gathering documents in advance, and using the official Allied Bank personal loan calculator, you can streamline approval and secure needed funds quickly.
Key takeaways:
- Eligibility: Pakistani nationals aged 21–59 (salaried) or 21–64 (self-employed) with minimum income thresholds.
- Markup Rates: Up to 1 Year KIBOR + 17% (salaried) or + 18% (self-employed).
- Loan Range & Tenure: PKR 30,000–3,000,000; 12–48 months.
- Charges & Features: 1% processing fee, partial prepayment after 6 months, no collateral required.
By avoiding common mistakes—like missing documents or overstretching your DBR—you position yourself for faster approval and more affordable monthly installments. Whether you’re funding a marriage, covering medical bills, or renovating your home, this step-by-step guide equips you to apply confidently for an Allied Bank Personal Loan and achieve your financial goals.
Good luck, and may your loan application process be as smooth as possible!
