Allied Bank Limited (ABL) Car Loan and House Loan Details

Allied Bank Limited (ABL) is one of the oldest and most trusted financial institutions in Pakistan, known for its customer-friendly banking solutions. Whether you’re dreaming of owning a car or a home, ABL offers tailored loan products to turn your dreams into reality. This article provides a complete overview of ABL’s Car Loan and House Loan schemes in 2025, including eligibility, features, documentation, and more.

Allied Bank Car Loan – Drive Your Dreams

Key Features:
Loan Amount: Up to PKR 6 million (subject to income and vehicle type)

Loan Tenure: 1 to 7 years

Vehicle Type: New and used (up to 5 years old) vehicles

Down Payment: At least 15% for new, 30% for used

Markup Rate: Competitive floating and fixed rates are offered

Insurance: Comprehensive insurance with tracker installation

Allied Bank Limited Eligibility Criteria

Age: 21 to 60 years (65 for self-employed)

Employment Status:

Salaried: Minimum monthly income of PKR 30,000

Self-Employed/Business Owners: Monthly income of PKR 50,000+

Employment Tenure:

Salaried: 6 months with current employer

Self-Employed: 1 year in business

Allied Bank Limited Required Documents

CNIC (Computerized National Identity Card)

Recent salary slips or proof of business income

Bank statements (last 6 months)

Vehicle quotation or pro forma invoice

Two passport-size photographs

Proof of residence (utility bills, etc.)

Allied Bank House Loan – Build or Buy Your Dream Home

ABL’s Home Finance facility is intended to assist customers to easily and flexibly purchase, build, or remodel their homes.

Main Features:
Loan Amount: PKR 30 million (dependent on eligibility and property value)

Loan Tenure: 3 to 25 years

Loan Purposes:

Purchase of home

Construction of home

Renovation and extension of existing home

Markup Rate: Competitive and in line with SBP policy rate (with fixed and floating rate options)

Financing Limit: Up to 85% of the property value

Early Repayment: Permitted with low charges

Allied Bank Limited house loan Eligibility Criteria

Age: 23 to 60 years (up to 65 for self-employed)

Income Requirement:
Salaried: Minimum net monthly income PKR 50,000

Business Owners: PKR 75,000 and more

Employment Tenure:
Salaried: At least 1 year

Self-Employed: At least 2 years in business

Allied Bank Limited house loan Required Documents

CNIC (applicant and co-applicant, if any)

Proof of income (salary slips, business records)

Bank statements (12 months’ history)

Property papers (sale deed, approved building plan, etc.)

2 passport-size photos

Address verification through utility bills

Why Go for Allied Bank Loans?

Quick loan processing
Clear terms and conditions
Reasonable markup rates
Personalized customer support
Facilities for online application and tracking

How to Apply for Allied Bank Limited loan

You can apply for ABL House or Car Loans through:

Visiting the closest Allied Bank branch

Applying online through the official ABL website

Calling the ABL helpline on 111-225-225