Consumer Finance at Bank Alfalah

Prepared By: MB06108 sana khan MB06138 mehwish shan

Brief History and Background of Bank Alfalah

Incorporated on June 21st, 1997 as a public limited company under the Companies Ordinance 1984 Its banking operations commenced from November 1997 Belongs to Abu Dhabi Group One of the Leading Banks in Pakistan

Consumer Finance at Bank Alfalah

Consumer Finance at Bank Alfalah comprises of the following four segments: Credit Cards Home Loans Auto/Vehicle Loans Debit Cards

Bank Alfalah Credit Cards

Bank Alfalah Credit Cards

Powered By VISA Accepted at nearly 27 Million locations in more than 150 countries worldwide Accepted in Pakistan at more than 2200 Bank Alfalah establishments SBS Plans for purchase of various home appliances

Bank Alfalah Credit Cards

(Contd.)

No Joining / Annual / Renewal fee Utility bills payment through 24 hour Call Center and Auto Debit instructions SMS for card usage, mini statement, payment receipt confirmation, etc. Cash withdrawal at all 1LINK ATMs Special offer on Warid post paid connections Monthly Card Statements 24-Hour Phone Banking Facility

Bank Alfalah Credit Cards - Types

PLATINUM GOLD & SILVER YOUNG PROFESSIONAL WOMEN EXCLUSIVE STUDENT CARD SUPPLEMENTARY CARD VISA MINI AWAMI CARD

*brief descriptions to follow in oral presentation

Bank Alfalah Credit Cards

Schedule of Charges For Platinum, Gold and Silver Cards Service Fee 3.00% per month (36% APR) on cash advance 3.00% per month (36% APR) on retail transactions 1.50% per month (18% APR) on BTF transactions 1.75% per month (21% P.A. flat rate) on SBS transactions (APR 31.23% to 36.74%) Step-By-Step (SBS) - Factors & APR details: Installment Plan Factor 0.350833 0.184167 0.128611 0.100833 0.073056 0.059167 0.050833 0.045278 APR 31.23% 35.15% 36.36% 36.74% 36.68% 36.22% 35.66% 35.07%

Schedule of Charges
(Double Click on the object on right side to Open MS Word File)

3 months 6 months 9 months 12 months 18 months 24 months 30 months 36 months

0.99% per month (11.88% P.A. flat rate) on BTF to SBS transactions (APR 17.73% to 21.44%) BTF to SBS - Factors & APR details: Installment Plan Factor 0.343233 0.176567 0.121011 0.093233 0.065456 0.051567 0.043233 0.037678 APR 17.73% 20.09% 20.90% 21.25% 21.44% 21.37% 21.21% 21.01%

Service Fees:

3 months 6 months 9 months 12 months 18 months 24 months 30 months 36 months

3.00% per month (36% APR) on cash advance 3.00% per month (36% APR) on retail transactions 1.50% per month (18% APR) on BTF transactions

24% APR on Credit on Phone to SBS Transactions Credit on Phone to SBS - Factors & APR details: Installment Plan 3 months 6 months 9 months 12 months 18 months 24 months 30 months 36 months Late Fee Cash Payment Processing fee Merchant Discount Charges VISA Mini Card Supplementary Fee Cash Withdrawal Fee: - Cash Advance Fee/Call & Pay Fee Factor 0.34675 0.17853 0.12252 0.09456 0.0667 0.05287 0.04465 0.03923 APR 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00% 24.00%

Rs. 600/- or 10% of minimum amount, whichever is higher. Rs. 100/- per transaction. Upto 5% of transaction amount. Rs. 500/-

Rs. 500/- or 3% of cash advance amount, whichever is higher 1% of cash advance amount

Bank Alfalah Home Loans

Bank Alfalah Home Loans

Home Loan Programs at Bank Alfalah Home Start Home Construct Home Buyer Home Improver Home BTF
*brief descriptions to follow in oral presentation

Bank Alfalah Home Loans

Eligibility Criteria

(Contd.)

Pakistani Nationality. Age Range 23 and 60 years at the time of application. (Subject to maximum age of 65 at the time of maturity). Continuous employment in a permanent position for the last 2 years or more OR 3 years (or more) of business or professional experience Gross annual income is Rs: 240,000/ or more [Spouses income (upto 50%) can also be combined]. If you have been a Bank Alfalah borrower for past one year with clean payment record.

Bank Alfalah Home Loans

Documents Required

(Contd.)

Basic Documents: 2 recent passport size photographs Copy of Computerized National Identity Card (Original to be shown at branch) Bank Statement for the last 6-12 months (Original or attested) Copies of complete chain of title documents of the property being offered (If identified) Processing Fee Cheque favoring Bank Alfalah Limited Life Insurance (MPP) & Property Insurance (PI) form Letter of Understanding

Bank Alfalah Home Loans

(Contd.)

Additional documents for Salaried Resident Pakistanis Salary Certificate (Original) from the employer, showing gross salary deductions and length of service. Copies of last two salary slips dully attested by the HR Department. Employment Verification form signed by the employer. Additional documents for salaried Non Resident Pakistanis (NRPs) Copy of Pakistani Passport valid for at least next 1 year. Copy of Contract / Work Permit / Iqama / Residence Permit etc. Copies of last three Years Income Tax Returns (Not applicable for Middle Eastern Countries) Personal Guarantee of a relative based in Pakistan and acceptable to Bank.

Bank Alfalah Home Loans

(Contd.)

Additional documents for Businessmen / Self-Employed individuals. Copy of current association membership / trade body membership certificate (if applicable) Deed of Partnership + (Undertaking & NOC) as per Bank format. Sole Proprietorship Letter / Certificate from customers bank. Copy of latest Form 29 duly attested by the company secretary. Letter from company secretary confirming either the status and share holding or remuneration (Where applicant is a Director / Paid Director of company) Copies of last three Year Income Tax Returns.

Bank Alfalah Home Loans

(Contd.)

Miscellaneous as per requirements Construction: Bill of Quantity prepared by an Architect Renovation / Improvement: Estimate of Renovation BTF: Certificate of balance from current lender bank including the list of title documents held. BTF: Customers declaration Proof of other Income (if any such as Rent Agreement, Agri Pass Book, etc.)

Bank Alfalah Home Loans

Processing Fee (Non Refundable)

(Contd.)

For financing upto Rs.1.00M For financing upto Rs.2.50M For financing upto Rs.5.00M For financing over Rs.5.00M

5000 10,000 12,500 15,000

Bank Alfalah Home Loans

Mark-up Rates:

(Contd.)

1 Year KIBOR + 2% for Salaried person 1 Year KIBOR + 3% for Business People / Self-employed and Overseas Pakistani (both salaried and self-employed)

Fixed Rate Options: 1 Year

Salaried 12.50% per Annum Self-employed Professionals & Businessmen and Overseas Pakistani (both salaried and self-employed) 13.50% Per Annum

* These are indicative rates reviewed monthly

Bank Alfalah Home Loans

Late Payment Charges: Rs. 500/- per late payment

(Contd.)

Prepayment Charges: Nill if repaid through own sources. Otherwise 5% penalty of the outstanding amount. No charges are applied on balloon/bullet payments for reducing your loan amount Documentation Charges: At actual, including stamp duty charges for legal documentation, on-site inspection during construction, lawyers fee and charge registration fee, as advised by the relevant persons/ agencies. *All quoted rates are subject to change in response to SBP / Market factors. However, we will notify our customers of each rate change

Bank Alfalah Home Loans

(Contd.)

10 steps of Home Financing at Bank Alfalah 1. Bank Alfalah provides all necessary information about Home Finance. Through: a) A face-to-face meeting b) The post c) And over the telephone 2. Client gives the Bank some basic information about income and the amount needed. 3. Client completes an application form and submits it together with the required documents. 4. Bank makes some inquiries about clients financial circumstances. 5. Bank carries out a valuation of the property and verification of clients income.

Bank Alfalah Home Loans

6.

(Contd.)

7. 8.

9.

10.

Once initial processing is complete, Bank sends the Client, its offer through a Facility Advice Letter. Client signs the Facility Advice Letter and return it to the Bank. Banks Documentation Control Centre gets in touch with the Client to complete Finance & Security documentation including legal opinion on the title documents of the property and also the insurances. The Client signs the Finance Agreement and Charge documents. Banks legal advisor accompanies the client to the Registrars office on the appointed date with the Clients cheque against the financing for conveyance of the property and Clients home finance begins.

Bank Alfalah Vehicle Lease

Presented By: MB06108 Umair Sajid Dar

Bank Alfalah Car Financing

Benefits and Features: Quickest processing. No hidden charges. Minimum down payment. Complete repayment at any point of time. Balance transfer facility {BTF} for existing as well as new clients from other Banks. Tenure period ranging from 1 to 5 years.

Bank Alfalah Car Financing

Financing of all brand new locally assembled vehicles and used cars. Financing limit ranging between Rs. 200,000/- to Rs. 2000,000/- for brand new cars. Corporate & Individual Car Leasing Insurance Repayments Security You Can Act As A Co-Borrower

Car Financing Mark up Rates

Financing Product Car Loan for Brand New Vehicles Car Loan for Brand New Imported Vehicles Car Loan for New Commercial Vehicles Car Loan for Used Vehicles (Local Assembled Only) Car Loan for Internal / External BTF (Local Assembled) Car Loan for Internal BTF (Imported) 1Yr 14.00% 16.00% 2Yr 14.50% 16.00% 3Yr 15.00% 16.00% 4Yr 15.50% 16.00% 5Yr 15.50% 16.00%

15.50%

15.50%

15.50%

15.50%

15.50%

17.00%

17.00%

17.00%

17.00%

17.00%

16.00%

16.00%

16.00%

16.00%

16.00%

17.00%

17.00%

17.00%

17.00%

17.00%

Corporate Discount Rate A Corporate Discount of 0.5% shall continue to apply on all above mentioned rates.

Bank Alfalah Car Financing

Eligibility Criteria:

(Contd.)

Pakistani National Identity Card holder. Over 20 years of age (Maximum 60 years in case of salaried and 62 in case of a business person at the time of maturity of the loan). Salaried , businessman or self employed.

Bank Alfalah Car Financing

Documents Required:

(Contd.)

Two passport size photographs. Copy of National ID card. Bank statement for the last six months. Salary certificate {for salaried individual}. Business proof {for a business person}. N.T.N Certificate. Co-borrowers NIC copy {if the car is to be in the name of the co-borrower}.

Bank Alfalah Debit Cards

Bank Alfalah Debit Cards

Bank Alfalah Debit Card is named as Alfalah Hilal Card.

Visa Debit Card Unlimited access to your current / savings account with a simple swipe No Interest No Minimum Income Requirement -just open an account in any branch of Bank Alfalah Limited and apply for the Hilal Card No PIN required for Retail Transactions Accepted at more than 1 Million ATMs and 27 Million retail outlets around the world

Bank Alfalah Debit Cards

Uses of Hilal Card:

(Contd.)

As a Debit Card As an ATM Card

Hilal Card Credit Card

Difference between Hilal Card and Credit Card:

Buy Now, Pay Now

Buy Now, Pay Later

No Monthly Repayment No Interest Charged

Monthly Repayment

Interest is Charged

Limit is the Balance in the Account

Limit is the approved Credit Limit