Bank Alfalah 3p6a5m
This document was ed by and they confirmed that they have the permission to share it. If you are author or own the copyright of this book, please report to us by using this report form. Report r6l17
Overview 4q3b3c
& View Bank Alfalah as PDF for free.
More details 26j3b
- Words: 7,333
- Pages: 41
The Abu Dhabi Group is represented in Pakistan by the following entities:
-1-
Vision: To be the premier organization operating locally & internationality that provides the complete range of financial services to all segments under one roof. Mission: To develop & deliver the most innovative products, manage customer experience, deliver quality services that contributes to brand strength, establishes a competitive advantage and enhances profitability, thus providing value to the stakeholders of the bank. Slogan: “THE CARING BANK”
(SHAHDIN MANZIL, LAHORE)
-2-
Bank Alfalah Limited was incorporated on June 21st, 1997 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1st ,1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962. The Bank is currently operating through 195 branches in 74 cities, with the ed office at B.A.Building, I.I.Chundrigar, Karachi.Since its inception, as the new identity of H.C.E.B after the privatization in 1997, the management of the bank has implemented strategies and policies to carve a distinct position for the bank in the market place. Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals set out by its board of management, the Bank has invested in revolutionary technology to have an extensive range of products and services. This facilitates our commitment to a culture of innovation and seeks out synergies with clients and service providers to ensure uninterrupted services to its customers. We perceive the requirements of our customers and match them with quality products and service solutions. During the past five years, we have emerged as one of the foremost financial institution in the region endeavoring to meet the needs of tomorrow today.
-3-
I.
Alfalah car
II.
Home loans
III.
Credit cards
-4-
-5-
• • • • • • • •
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. 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 -6-
BAL’s recently introduced car leasing facility for individuals and corporate sector has set new dimensions for the product. Now you are provided with the option of either to get the vehicle leased or financed. Insurance Renowned and reliable Insurance companies are offering the competitive rates of insurance. Pay year insurance in advance { at the time of down payment } and the remaining in the subsequent equal monthly installment. Repayments Easily affordable installments on monthly basis in the form of post-dated cheques will set you free of depositing your rental cheques every month. Security Hypothecation of vehicle in the name of Bank Alfalah Limited.
Product
Price including ST & Price Including FED ST, FED & WHT w.e.f 01/07/07 w.e.f 01/09/07
SUZUKI MEHRAN SUZUKI SB308R VX SUZUKI SB308R VX M
317,739 322,783
325,600 330,800
SUZUKI SB308R VX CNG SUZUKI SB308R VX M CNG
348,000 353,043
356,600 361,800
SUZUKI SB308R VXR SUZUKI SB308R VXR M
363,130 368,174
372,100 377,300
SUZUKI SB308R VXR CNG SUZUKI SB308R VXR M CNG
393,391 398,435
403,100 408,300
SUZUKI ALTO RA410 VX SUZUKI ALTO RA410 VX M
422,643 427,687
433,100 438,300
SUZUKI ALTO RA410 VX CNG SUZUKI ALTO RA410 VX M CNG
457,948 462,991
469,300 474,500
SUZUKI ALTO
-7-
Product
Price including ST & Price Including FED ST, FED & WHT w.e.f 01/07/07 w.e.f 01/09/07 468,035 479,600
SUZUKI ALTO RA410 VXR SUZUKI ALTO RA410 VXR M SUZUKI ALTO RA410 VXR CNG
473,078 503,339
484,800 515,800
SUZUKI ALTO RA410 VXR M CNG
508,383
521,000
SUZUKI CULTUS Suzuki Cultus VXR
Rs. 585,000/-
Suzuki Cultus VXR (Met. Colors) Suzuki Cultus VXR CNG
Rs. 590,000/Rs. 627,000/-
Suzuki Cultus VXR CNG (Met. Colors) Suzuki Cultus VXL
Rs. 632,000/Rs. 647,000/-
Suzuki Cultus VXL (Met. Colors)
Rs. 652,000/-
Suzuki Cultus VXL CNG (Met. Colors)Rs. 689,000/Suzuki Cultus VXL CNG
Rs. 694,000/-
SUZUKI RAVI SUZUKI PICKUP ST308R
314,713
322,500
SUZUKI PICKUP ST308R CNG
346,991
355,600
SUZUKI BOLAN SUZUKI VAN ST308 VTR
370,191
379,400
SUZUKI VAN ST308 VTR CNG SUZUKI VAN ST308 VTR GL
407,513 430,713
417,600 441,400
SUZUKI VAN ST308 VTR GL M SUZUKI VAN ST308 VTR GL CNG
435,757 465,009
446,600 476,500
SUZUKI VAN ST308 VTR GL CNG M
470,052
481,700
SUZUKI LIANA SUZUKI LIANA 1.3L RXI MT
800,904
820,800
SUZUKI LIANA 1.3L RXI MT CNG SUZUKI LIANA 1.3L LXI MT
856,383 866,470
877,600 887,900
SUZUKI LIANA 1.3L LXI SP MT SUZUKI LIANA 1.3L LXI CNG
906,817 912,870
929,300 935,500
SUZUKI LIANA 1.6L Eminent AT
937,078
960,300
APV CBU APV 1.5LGLXMT
1,007,687
1,032,700
APV 1.5LGLX CNG APV 1.5LGLXAT
1,058,122 1,088,383
1,084,300 1,115,400
JIMNY CBU
-8-
Product
Price including ST & Price Including FED ST, FED & WHT w.e.f 01/07/07 w.e.f 01/09/07 1,049,043 1,075,000
JIMNY MT JIMNY AT JIMNY JLSX MT
1,129,739 827,130
1,157,700 847,600
JIMNY JLDX MT
897,739
920,000
TOYOTA Toyota Corolla XLi
890,000
915,000
Toyota Corolla GLi Toyota Corolla 2.0D
980,000 1,050,000
1,005,000 1,080,000
Toyota Corolla 2.0DSE Toyota Corolla 2.0D Saloon
1,130,000 1,295,000
1,160,000 1,328,000
Toyota Corolla Altis MT Toyota Corolla Altis AT
1,245,000 1,335,000
1,280,000 1,370,000
DAIHATSU Daihatsu Coure CL Daihatsu Coure CL CNG
N/A N/A
390,000 431,000
Daihatsu Coure CX Daihatsu Coure CX (Met. Colors)
N/A N/A
451,000 456,000
Daihatsu Coure CX AT Daihatsu Coure CX AT (Met Colors)
N/A N/A
482,000 487,000
Daihatsu Coure CX CNG Daihatsu Coure CX CNG (Met Colors)
N/A N/A
492,000 497,000
HONDA CITY Honda City I-DSI MT 1.3L Honda City I-DSI MT UG 1.3L
852,000 899,000
Honda City I-DSI CVT 1.3L Honda City I-DSI CVT UG 1.3L
907,000 949,000
Honda City VTEC Steermatic 1.5L
1,036,000
HONDA CIVIC Honda Civic VTI MT 1.8L
1,348,000
Honda Civic VTI MT SR 1.8L Honda Civic VTI PT 1.8L
1,480,000 1,388,000
Honda Civic VTI PT SR 1.8L
1,520,000
HONDA ACCORD Honda Accord 2.4L
2,810,000
-9-
• • • • • • •
Two port 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-borrower’s NIC copy {if the car is to be in the name of the co-borrower}.
Monthly Installment Plan For Honda Civic VTI pt SR 1.8L Value of asset (Rs.) Customer’s participation Bank Alfalah’s participation (Rs.) Tenor Installment . Installment date 5-Jan-07 5-Feb-07 5-Mar-07 5-Apr-07 5-May-07 5-Jun-07 5-Jul-07 5-Aug-07 5-Sep-07 5-Oct-07 5-Nov-07
Balance 1,520,000.00 1,502,839.31 1,485,464.10 1,467,871.71 1,450,059.41 1,432,024.46 1,413,764.08 1,395,275.43 1,376,555.68 1,357,601.93 1,338,411.26
1,520,000 30,4000 1216000 60 months (5 years) 36,161
Installment 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69
- 10 -
Markup 19000 18,785.49 18,568.30 18,348.40 18,125.74 17,900.31 17,672.05 17,440.94 17,206.95 16,970.02 16,730.14
Principal 17,160.69 17,375.20 17,592.39 17,812.30 18,034.95 18,260.39 18,488.64 18,719.75 18,953.75 19,190.67 19,430.55
5-Dec-07 5-Jan-08 5-Feb-08 5-Mar-08 5-Apr-08 5-May-08 5-Jun-08 5-Jul-08 5-Aug-08 5-Sep-08 5-Oct-08 5-Nov-08 5-Dec-08 5-Jan-09 5-Feb-09 5-Mar-09 5-Apr-09 5-May-09 5-Jun-09 5-Jul-09 5-Aug-09 5-Sep-09 5-Oct-09 5-Nov-09 5-Dec-09 5-Jan-10 5-Feb-10 5-Mar-10 5-Apr-10 5-May-10 5-Jun-10 5-Jul-10 5-Aug-10 5-Sep-10 5-Oct-10 5-Nov-10 5-Dec-10 5-Jan-11 5-Feb-11 5-Mar-11 5-Apr-11 5-May-11 5-Jun-11 5-Jul-11 5-Aug-11 5-Sep-11 5-Oct-11 5-Nov-11
1,318,980.71 1,299,307.28 1,279,387.92 1,259,219.58 1,238,799.13 1,218,123.43 1,197,189.27 1,175,993.45 1,154,532.67 1,132,803.64 1,110,802.99 1,088,527.33 1,065,973.23 1,043,137.20 1,020,015.72 996,605.22 972,902.10 948,902.68 924,603.27 900,000.12 875,089.42 849,867.35 824,330.00 798,473.43 772,293.65 745,786.63 718,948.27 691,774.43 664,260.91 636,403.48 608,197.83 579,639.61 550,724.41 521,447.77 491,805.18 461,792.05 431,403.75 400,635.61 369,482.86 337,940.70 306,004.27 273,668.62 240,928.79 207,779.70 174,216.26 140,233.27 105,825.49 70,987.61
36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69
- 11 -
16,487.26 16,241.34 15,992.35 15,740.24 15,484.99 15,226.54 14,964.87 14,699.92 14,431.66 14,160.05 13,885.04 13,606.59 13,324.67 13,039.22 12,750.20 12,457.57 12,161.28 11,861.28 11,557.54 11,250.00 10,938.62 10,623.34 10,304.12 9,980.92 9,653.67 9,322.33 8,986.85 8,647.18 8,303.26 7,955.04 7,602.47 7,245.50 6,884.06 6,518.10 6,147.56 5,772.40 5,392.55 5,007.95 4,618.54 4,224.26 3,825.05 3,420.86 3,011.61 2,597.25 2,177.70 1,752.92 1,322.82 887.35
19,673.43 19,919.35 20,168.34 20,420.45 20,675.70 20,934.15 21,195.83 21,460.78 21,729.04 22,000.65 22,275.66 22,554.10 22,836.03 23,121.48 23,410.50 23,703.13 23,999.42 24,299.41 24,603.15 24,910.69 25,222.08 25,537.35 25,856.57 26,179.78 26,507.02 26,838.36 27,173.84 27,513.51 27,857.43 28,205.65 28,558.22 28,915.20 29,276.64 29,642.60 30,013.13 30,388.29 30,768.15 31,152.75 31,542.16 31,936.43 32,335.64 32,739.84 33,149.08 33,563.45 33,982.99 34,407.78 34,837.88 35,273.35
Monthly Installment Plan Toyota Corolla Altis AT IBW Value of asset (Rs.) Customer’s participation Bank Alfalah’s participation (Rs.) Tenor Installment Installment date 5-Jan-07 5-Feb-07 5-Mar-07 5-Apr-07 5-May-07 5-Jun-07 5-Jul-07 5-Aug-07 5-Sep-07 5-Oct-07 5-Nov-07 5-Dec-07 5-Jan-08 5-Feb-08 5-Mar-08 5-Apr-08 5-May-08 5-Jun-08 5-Jul-08 5-Aug-08 5-Sep-08 5-Oct-08 5-Nov-08 5-Dec-08 5-Jan-09 5-Feb-09 5-Mar-09 5-Apr-09 5-May-09 5-Jun-09 5-Jul-09 5-Aug-09 5-Sep-09 5-Oct-09 5-Nov-09 5-Dec-09 5-Jan-10
Balance 1,335,000.00 1,319,927.94 1,304,667.49 1,289,216.27 1,273,571.92 1,257,732.01 1,241,694.11 1,225,455.73 1,209,014.36 1,192,367.49 1,175,512.52 1,158,446.87 1,141,167.90 1,123,672.95 1,105,959.30 1,088,024.24 1,069,864.98 1,051,478.74 1,032,862.67 1,014,013.89 994,929.51 975,606.57 956,042.10 936,233.07 916,176.42 895,869.07 875,307.88 854,489.67 833,411.23 812,069.32 790,460.63 768,581.83 746,429.55 724,000.36 701,290.81 678,297.38 655,016.54
1,335,000 267,000 1,068,000 60 months (5 years) 31,759.56 Installment $31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56
- 12 -
Markup 16,687.50 16,499.10 16,308.34 16,115.20 15,919.65 15,721.65 15,521.18 15,318.20 15,112.68 14,904.59 14,693.91 14,480.59 14,264.60 14,045.91 13,824.49 13,600.30 13,373.31 13,143.48 12,910.78 12,675.17 12,436.62 12,195.08 11,950.53 11,702.91 11,452.21 11,198.36 10,941.35 10,681.12 10,417.64 10,150.87 9,880.76 9,607.27 9,330.37 9,050.00 8,766.14 8,478.72 8,187.71
Principal 15,072.06 15,260.46 15,451.21 15,644.35 15,839.91 16,037.91 16,238.38 16,441.36 16,646.88 16,854.96 17,065.65 17,278.97 17,494.96 17,713.64 17,935.07 18,159.25 18,386.24 18,616.07 18,848.77 19,084.38 19,322.94 19,564.47 19,809.03 20,056.64 20,307.35 20,561.19 20,818.21 21,078.44 21,341.92 21,608.69 21,878.80 22,152.28 22,429.19 22,709.55 22,993.42 23,280.84 23,571.85
5-Feb-10 5-Mar-10 5-Apr-10 5-May-10 5-Jun-10 5-Jul-10 5-Aug-10 5-Sep-10 5-Oct-10 5-Nov-10 5-Dec-10 5-Jan-11 5-Feb-11 5-Mar-11 5-Apr-11 5-May-11 5-Jun-11 5-Jul-11 5-Aug-11 5-Sep-11 5-Oct-11 5-Nov-11
631,444.69 607,578.20 583,413.37 558,946.48 534,173.75 509,091.37 483,695.45 457,982.09 431,947.31 405,587.09 378,897.38 351,874.04 324,512.90 296,809.76 268,760.32 240,360.27 211,605.22 182,490.73 153,012.31 123,165.40 92,945.41 62,347.67
31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56
Financing Product
7,893.06 7,594.73 7,292.67 6,986.83 6,677.17 6,363.64 6,046.19 5,724.78 5,399.34 5,069.84 4,736.22 4,398.43 4,056.41 3,710.12 3,359.50 3,004.50 2,645.07 2,281.13 1,912.65 1,539.57 1,161.82 779.35
1Yr
2Yr
23,866.50 24,164.83 24,466.89 24,772.73 25,082.38 25,395.91 25,713.36 26,034.78 26,360.22 26,689.72 27,023.34 27,361.13 27,703.15 28,049.43 28,400.05 28,755.05 29,114.49 29,478.42 29,846.90 30,219.99 30,597.74 30,980.21
3Yr
4Yr
5Yr
Car Loan for Brand New Vehicles
14.00% 14.50% 15.00% 15.50%
15.50%
Car Loan for Brand New Imported Vehicles
16.00% 16.00% 16.00% 16.00%
16.00%
Car Loan for New Commercial Vehicles
15.50% 15.50% 15.50% 15.50%
15.50%
Car Loan for Used Vehicles (Local Assembled Only)
17.00% 17.00% 17.00% 17.00%
17.00%
Car Loan for Internal / External BTF (Local Assembled)
16.00% 16.00% 16.00% 16.00% 16.00%
Car Loan for Internal BTF (Imported)
17.00% 17.00% 17.00% 17.00% 17.00%
- 13 -
- 14 -
With this facility, you no longer need to just dream about the home you want for yourself and your family .We will provide you upto 80% of the purchase price of the property, so that you can realise your dream and enter the reality of owning a home!. Payment period ranges from 3 to 20 years
You own a plot but need financing to construct a home, that excites everyone in your family! No problem. We will provide up-to 100% of the construction cost enabling you to say good-bye to rent forever! Even if you don't have a plot, we will provide up to 60% of the value of the plot that you have selected to purchase! Payment period ranges from 3 to 20 years.
- 15 -
You already own a home, but need extra space for a growing family or want to see some rooms get a new look. Simply apply for financing of up to Rs. 3.50 million or 40% of the surveyed value of your home and get yourself the extra space! You can stretch your payments for up to 10 years.
The crown jewel of our Home Finance scheme, the golden opportunity for someone starting a career to buy an already constructed housing unit early in life! We offer a moratorium of up to 3 years in principal payments, for a financing of up to 20 years. You service only the mark-up element initially, and principal repayment starts after the end of moratorium period. Home Start is specially designed for young professionals to own a quality asset.
Does your existing installment on a home finance leave you with nothing to spend? You need not worry any more because we have genuinely attractive rates and flexible payment options that could leave more funds with you each month. With our Home BTF, repaying your home finance will not make you break into a sweat! Transfer up to 100 % of the existing finance.
- 16 -
Processing Fee (Non Refundable): For financing upto Rs.
1.00M
5000
For financing upto Rs.
2.50M
10,000
For financing upto Rs.
5.00M
12,500
For financing upto Rs.
5.00M
15,000
Mark-up Rates: 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 o
Salaried 11.50% per Annum
o
Self-employed Professionals & Businessmen and Overseas Pakistani (both salaried and self-employed) 13.50% Per Annum These are indicative rates reviewed monthly
Late Payment Charges: •
Rs. 500/- per late payment
Prepayment Charges: - 17 -
• •
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, lawyer’s fee and charge registration fee, as advised by the relevant persons/ agencies. Monthly Installment Schedule For Home Loans: THESE CALCULATIONS ARE MADE AT , TOTAL VALUE OF ASSET= 600,000 BANK’S PARTICIPATION= 500,000 DOWN PAYMENT= 100,000 INTEREST RATE= 14% TENURE= 7 YEARS (84 MONTHS) TENURE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
BALANCE 500,000 496,463 492,885 489,266 485,604 481,899 478,151 474,360 470,524 466,643 462,718 458,746 454,728 450,663 446,551 442,391 438,182 433,924 429,616 425,259 420,850 416,390 411,878 407,313 402,695 398,023
INSTALLMENT 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370
INTEREST 5,833 5,792 5,750 5,708 5,665 5,622 5,578 5,534 5,489 5,444 5,398 5,352 5,305 5,258 5,210 5,161 5,112 5,062 5,012 4,961 4,910 4,858 4,805 4,752 4,698 4,644
- 18 -
PRINCIPAL DEDUCTION 3,537 3,578 3,620 3,662 3,705 3,748 3,792 3,836 3,881 3,926 3,972 4,018 4,065 4,112 4,160 4,209 4,258 4,308 4,358 4,409 4,460 4,512 4,565 4,618 4,672 4,726
27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76
393,297 388,515 383,678 378,784 373,833 368,824 363,757 358,631 353,445 348,199 342,891 337,521 332,089 326,594 321,034 315,409 309,719 303,962 298,139 292,247 286,286 280,256 274,156 267,985 261,741 255,425 249,035 242,570 236,030 229,414 222,720 215,949 209,098 202,167 195,156 188,063 180,887 173,627 166,283 158,853 151,336 143,732 136,039 128,256 120,382 112,416 104,358 96,206 87,958 79,614
9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370
4,588 4,533 4,476 4,419 4,361 4,303 4,244 4,184 4,124 4,062 4,000 3,938 3,874 3,810 3,745 3,680 3,613 3,546 3,478 3,410 3,340 3,270 3,198 3,126 3,054 2,980 2,905 2,830 2,754 2,676 2,598 2,519 2,439 2,359 2,277 2,194 2,110 2,026 1,940 1,853 1,766 1,677 1,587 1,496 1,404 1,312 1,218 1,122 1,026 929
- 19 -
4,782 4,837 4,894 4,951 5,009 5,067 5,126 5,186 5,246 5,308 5,370 5,432 5,496 5,560 5,625 5,690 5,757 5,824 5,892 5,960 6,030 6,100 6,172 6,244 6,316 6,390 6,465 6,540 6,616 6,694 6,772 6,851 6,931 7,011 7,093 7,176 7,260 7,344 7,430 7,517 7,604 7,693 7,783 7,874 7,966 8,058 8,152 8,248 8,344 8,441
77 78 79 80 81 82 83 84
71,173 62,633 53,994 45,254 36,412 27,467 18,417 9,262
9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370
830 731 630 528 425 320 215 108
8,540 8,639 8,740 8,842 8,945 9,050 9,155 9,262
THE FOLLOWING CALCULATIONS ARE MADE AT, TOTAL VALUE OF ASSET= 1,200,000 BANK’S PARTICIPATION= 1,000,000 DOWN PAYMENT= 200,000 (20 %) INTEREST RATE= 14% TENURE= 5 YEARS (60 MONTHS) TENURE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
BALANCE 1,000,000 988,398 976,661 964,788 952,775 940,623 928,328 915,891 903,308 890,578 877,700 864,671 851,491 838,157 824,667 811,020 797,214 783,246 769,116 754,821 740,359 725,728 710,926 695,952 680,804 665,478 649,974 634,288 618,420 602,367 586,126 569,696 553,074
INSTALLMENT 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268
INTEREST 11,667 11,531 11,394 11,256 11,116 10,974 10,830 10,685 10,539 10,390 10,240 10,088 9,934 9,778 9,621 9,462 9,301 9,138 8,973 8,806 8,638 8,467 8,294 8,119 7,943 7,764 7,583 7,400 7,215 7,028 6,838 6,646 6,453
- 20 -
PRINCIPAL DEDUCTION 11,602 11,737 11,874 12,012 12,153 12,294 12,438 12,583 12,730 12,878 13,028 13,180 13,334 13,490 13,647 13,806 13,967 14,130 14,295 14,462 14,631 14,801 14,974 15,149 15,326 15,504 15,685 15,868 16,053 16,241 16,430 16,622 16,816
34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
536,259 519,247 502,036 484,625 467,011 449,191 431,163 412,925 394,475 375,809 356,925 337,821 318,494 298,941 279,160 259,149 238,904 218,423 197,703 176,742 155,535 134,082 112,378 90,420 68,207 45,735 23,000
23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268
6,256 6,058 5,857 5,654 5,448 5,241 5,030 4,817 4,602 4,384 4,164 3,941 3,716 3,488 3,257 3,023 2,787 2,548 2,307 2,062 1,815 1,564 1,311 1,055 796 534 268
17,012 17,210 17,411 17,614 17,820 18,028 18,238 18,451 18,666 18,884 19,104 19,327 19,552 19,781 20,011 20,245 20,481 20,720 20,962 21,206 21,454 21,704 21,957 22,213 22,473 22,735 23,000
•
No penalty on early settlement of loan with no time limit for early settlement (if done through private sources) (* does not apply to financing availed for purchase of land coupled with financing for construction thereon)
•
Convenience of Balloon payments towards adjustment of principal every month without any extra charge or penalty (Min Rs. 50,000)
- 21 -
Your Bank Alfalah Credit Card is your partner everywhere and is globally accepted and welcomed at locations displaying the VISA logo. It is accepted at nearly 30 million locations in more than 150 countries around the globe and over 18,000 Bank Alfalah’s establishments in Pakistan. Alfalah VISA lets you pay for shopping, travel, entertainment, meals and much more. Card are facilitated through a number of promotions from time to time. In addition, there are a number of strategic business partnerships with leading local and international brands for purchase of home appliances at exciting Step-BY-Step (SBS) monthly installment plan with free home delivery at lowest interest rates. Salient features are: • No ing / Annual / Renewal fee • Electricity, Sui Gas, PTCL and Warid 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
Products - 22 -
Platinum Card
It is accepted at nearly 30 million locations in more than 150 countries around the globe and at over 17,000 establishments in Pakistan.
Gold & Silver
A perfect card combination for all segments of salaried & professional individuals.
Young Professional
This Card is for you, if you are: • a Graduate... • have just started your Career...
Women Exclusive
Now for the first time in Pakistan, Bank Alfalah has introduced a credit card exclusively for women. This card has its unique features...
Student Card
For the first time in Pakistan, Bank Alfalah introduces a credit card for Students. . Supplementary Card
Now you can give Free Supplementary Cards to anyone you care for...
- 23 -
Visa Mini
Visa Mini is a practical and convenient part of your everyday life - whether you go for shopping, dine out, buy grocery, want to go for holidays... Awami Card
Alfalah Awami Card is your partner everywhere and is globally accepted and welcomed at locations displaying the VISA logo. It is accepted...
Your partner wherever you go! Your partner everywhere and is globally accepted and welcomed at locations displaying the VISA logo. It is accepted at nearly 30 million locations in more than 150 countries around the globe and at over 17,000 establishments in Pakistan. You also have the option of withdrawing cash by requesting an Over-the-Counter Cash Advance at 3,60,000 financial institutions worldwide or at any Bank Alfalah Branch/ATM or participating VISA member banks in Pakistan. Balance Transfer Facility (BTF) ONLY @ 1.5% PER MONTH OR 0.99% PER MONTH* Offering an easy and convenient way to settle payments on all your existing credit cards in Pakistan @ 1.5% per month. *This rate can be reduced to an incomparable rate of 0.99% per month if the Balance transfer transaction amount is converted to Step-By-Step (SBS) Monthly Installment Plan within TEN days of the transaction.
- 24 -
Just fill in the Balance Transfer application form available at all Bank Alfalah branches or call 0800-22225 for more information. Example: On a transaction amount of Rs. 6,000/- the installment for 36 months is Rs. 271.68 per month (i.e. 6000 x 0.04528). Normal SBS
BTF conversion to SBS
Payments Plan Factor*
03 Months 06 Months 09 Months 12 Months 18 Months 24 Months 30 Months 36 Months
Monthly Installment Rs.
@1.75% 0.35083 0.18417 0.12861 0.10083 0.07306 0.05917 0.05083 0.04528
Factor*
Monthly Installment Rs.
@0.99% N/A 0.1766 0.1210 0.0932 0.0655 0.0516 0.0432 0.0377
2,104.98 1,105.02 771.66 604.98 438.36 355.02 304.98 271.68
N/A 1,059.60 726.00 559.20 393.00 309.60 259.20 226.20
Repayment Schedule for All Alflah Credit Cards: TENURE
BALANCE
INSTALLMENT
INTEREST
PRINCIPAL DEDUCTION 1
1
6000
2,005.84
8.75
,997 2
2
4,003
2,005.84
5.8375827
,000
3
2,003
2,005.84
2.9209181
,003
2
TENURE
BALANCE
INSTALLMENT
INTEREST
PRINCIPAL DEDUCTION 1,66
1
10,000
1,675.18
14.58
0.60
2
8,339
1,675.18
12.16
3.02
3
6,676
1,675.18
9.74
5.45
4
5,011
1,675.18
7.31
7.88
5
3,343
1,675.18
4.88
0.31
6
1,673
1,675.18
2.44
2.74
1,66 1,66 1,66 1,67 1,67
- 25 -
Your Fortunes For every Rs. 50 you spend on your Alfalah VISA Card, you will earn 1 Fortune point. Your accumulated Fortune points can be exchanged for a whole range of items displayed in our Fortunes Catalogue. It offers a wide range of lifestyle categories catering to your own and your family’s taste.
Schedule of Charges The following Schedule of Charges is associated with your Alfalah VISA Platinum Card. Please make a note of the following so that you are fully informed of the charges on your Card. Schedule of Charges Service Fee
3.00% per month (APR 36%). 3.00% per month (APR 36%). 1.75% per month on SBS transactions. 1.50% per month on BTF transactions.
Late Fee Rs. 600/- or 10% of minimum amount, whichever is higher. Cash Payment Processing fee
Rs. 100/- per transaction.
Merchant Discount Charges
Upto 5% of transaction amount.
- 26 -
A perfect card combination for all segments of salaried & professional individuals.
This Card is for you, if you are: •
have just started your Career...
•
not qualified for any other credit card’s income criteria...
As a Classic Blue Cardholder you have a privilege of having access to all features of Alfalah VISA Credit Cards including two free supplementary cards.
A Credit Card Exclusively for Women.. - 27 -
Now for the first time in Pakistan, Bank Alfalah has introduced a credit card exclusively for women. This card has its unique features which have been tailor-made for women in Pakistan. Liability The liability of this card depends on what basis this card has been applied for: •
If the female is applying on her own income basis, she herself will be liable to pay for the amount spent through the card(s).
•
If the female is a house wife and does not have any direct income source, she can apply for the card through the person responsible for the household (i.e. husband or father) who will sign an undertaking to be responsible for the amount spent through all the card(s) issued under this scheme.
For the first time in Pakistan, Bank Alfalah introduces a credit card for Students. This card is for you if you are enrolled in a professional university (as per Bank Alfalah’s approved list) with 15 years of schooling experience. Now you can pay your fee, buy books or just with Alfalah VISA... :-) Not only this but you will also earn reward points and can redeem them for a TV, Mobile Phone, CD player & DVDs etc. Requirements 1. The applicant must be a graduate with 14 years of schooling and must be currently enrolled in a professional college/University. o
Karachi
Institute of Business istration (IBA) Shaheed Zulfiqar Ali Butto Institute of Science and Technology (SZABIST) Indus Valley DOW Medical College - 28 -
o
Lahore
o
College of Business Management (CBM) Agha Khan University (AKU)
Fatima Jinnah Medical College Lahore University of Management and Science (LUMS) FAST University King Edward Medical College Punjab University- IBA National College of Arts (NCA) Lahore Medical College
Islamabad
Quaid-i-Azam University Bahria University Islamic International University (IIU) National University of Science & Technology (NUST) Air University
Supplementary Cards All Bank Alfalah Basic Card can apply for supplementary cards in separate categories including Son’s Card, Daughter’s card (children who are above 13 years of age) and House Staff’s card. This feature has been introduced for the first time in Pakistan, yet another beginning made by Bank Alfalah Credit Cards. In addition, supplementary cards can be issued to anyone you like thus giving you complete freedom of choice (Only 1 supplementary card will be issued to Awami Card holder) . Separate Card Design for Each Category Each supplementary card category contains its own specific design of card. These card designs which have been specifically designed keeping in view the trends and tastes of the modern day young generation who has the desire to look exclusive in itself. You can - 29 -
get supplementary cards in unique designs for your son, daughter and house staff, but any other person can also enjoy this privilege using your own card design.
Separate Spending Limit for Each Category Not only are the card designs unique, the basic Card member can also assign a separate percentage or amount of the total credit limit of the credit card to each of the supplementary cards. So, whether it is your son who needs his monthly pocket money, or your daughter needs to make school fees payments, or your chef, chauffeur or maid is usually the one who buys all the groceries it is you who will decide how much credit each of them gets for it.
Unique Supplementary cards There are three design categories of Supplementary cards, namely, the Son's card, the Daughter's card and the House Staff card. This enables you to get away from the day-today hassle of buying groceries, petrol, children's books, etc, as each member can then do his or her own purchases.
Forget your wallet and
with Alfalah VISA Mini!
Visa Mini is a practical and convenient part of your everyday life - whether you go for shopping, dine out, buy grocery, want to go for holidays or feel like buying something of interest while you are out just for a jog! You can take it with you anywhere you like with no hassle as it has a perforated hole in the bottom left corner making it attachable to your key chain, mobile phone or other dayto-day carry along device. - 30 -
•
43% smaller than the regular sized credit card with the same features and benefits.
•
Accepted at over 30 million merchants worldwide and around 17,000 establishments in Pakistan (used on electronic POS terminals only).
•
Has the same security features as the regular sized Alfalah VISA credit card.
Your Alfalah Awami Card is your partner everywhere and is globally accepted and welcomed at locations displaying the VISA logo. It is accepted at nearly 30 million locations in more than 150 countries around the globe and at over 18,000 Bank Alfalah’s establishments in Pakistan. Alfalah Awami Card lets you pay for shopping, entertainment, meals, travel and much more.
• • • • • • • • • • • • • •
No ing Fee No Annual/Renewal Fee Balance Transfer Facility Global Acceptability Cash Advance Facility Revolving Credit Free Supplementary Cards 24-Hours Phone Banking Service Zero Loss Liability All Billing in Pak Rupees Comprehensive Travel Protection Fortunes Rewards Acceptance at 1Link ATMs Instant SBS Monthly Installment Plan - 31 -
• • • •
Utility bill Payments Credit Card bill Payment through HilalCard Special Offer on Warid post paid connection Step By Step Plan
No ing Fee Alfalah VISA without paying any ing fee. Start enjoying your free card from the moment you get hold of it. No Annual / Renewal Fee Alfalah VISA is the only credit card in Pakistan with no annual or renewal fee, so benefit from your card without worrying about any renewal fee. Balance Transfer Facility Bank Alfalah offers balance transfer facility to all its Card - the easy and convenient way to settle unsettled credit card payments on all existing credit cards in Pakistan. As an Alfalah VISA Cardmember you can avail balance transfer facility at a low rate of only 1.50% per month (for initial six months), which is the lowest in Pakistan. The balance transfer facility can only be availed if the total outstanding balance does not exceed beyond the credit limit assigned by Bank Alfalah for Alfalah VISA card.
So what are you waiting for…!Get your Alfalah Visa Credit Card
- 32 -
Comparison (Home Loan) Citi Bank
Bank Alfalah 1-Conventional home loan.
1-Also giving conventional loan.
2-Currently Alfalah Bank offering loan@ 11.50% & 13.50 %( per annum) for Salaried & Business persons respectively.
2-Currently Citi Bank offering loan@ 15% for salaried & business persons.
3-Alfalah Bank Allows balloon payments without any charges. Nill if repaid through own sources. Otherwise 5% penalty of the outstanding amount.
3-Citi Bank allows balloon payments with heavy penalty@ 5% of additional payment made; they also discharge balloon payments at start of facility.
4-Procesing fee (Non-Refundable)
4-Citi Bank conventional banks charge processing charges that lies between Rs 400/ to Rs 500/ and these are received by the bank along with does for processing regardless approval of the case.
For financing up to Rs.
1.00M
5000
For financing up to Rs.
2.50M
10,000
For financing up to Rs.
5.00M
12,500
For financing up to Rs.
5.00M
15,000
5Alfalah’s physical charges not applicable.
5-Citi bank charge Rs 1000/ for the same purpose.
6-Alfalah Bank Charges 1st installment in advance at the time of disbursement with the 1
6-Citi Bank charge first installment in advance.
- 33 -
Year KIBOR rate.
7-Alfalah does not charge Life Insurance & Property Insurance. It will be added separately. 8-Alfalah bank receives security deposit along with documents.
7-Citi Bank charges insurance amount annually at the start of 1st year and 2nd year in advance in 1st year installment. 8-Citi bank charges security deposit for processing resultantly if case declined bank cutted processing fee.
1-Conventional home loan.
MUSLIM COMMERCIAL BANK
2-Currently Alfalah Bank offering loan@ 11.50% & 13.50 %( per annum) for Salaried & Business persons respectively.
2-Currently MCB Bank offering loan@ 13.50% & 14% for salaried & business persons.
BANK ALFALAH
1-Also giving conventional loan.
3-Alfalah Bank Allows balloon payments without any charges. Nill if repaid through own sources. Otherwise 5% penalty of the outstanding amount. 4-Procesing fee (Non-Refundable) For financing up to Rs.
1.00M
5000
For financing up to Rs.
2.50M
10,000
For financing up to Rs.
5.00M
12,500
For financing up to Rs.
5.00M
15,000
3-MCB Bank allows balloon payments with heavy penalty@ 5% of additional payment made; they also discharge balloon payments at start of facility. 4-MCB Bank conventional banks charge processing charges that lies between Rs 400/ to Rs 500/ and these are received by the bank along with does for processing regardless approval of the case.
5Alfalah’s physical charges not applicable.
5-MCB bank charge some payment for the same purpose.
6-Alfalah Bank Charges 1st installment in advance at the time of disbursement with the 1 Year KIBOR rate.
6-MCB Bank charge first installment in advance.
- 34 -
7-Alfalah does not charge Life Insurance & Property Insurance. It will be added separately. 8-Alfalah bank receives security deposit along with documents.
7-MCB Bank charges insurance amount annually at the start of 1st year and 2nd year in advance in 1st year installment. 8-MCB bank charges security deposit for processing resultantly if case declined bank cutted processing fee.
Alfalah Bank
UBL
1-Conventional home loan.
1-Also conventional loan.
2-Currently Alfalah Bank offering loan@ 11.50% & 13.50 %( per annum) for Salaried & Business persons respectively.
2-Currently UBL offering loan@ 14.99% for salaried & business persons.
3-Alfalah Bank Allows balloon payments without any charges. Nill if repaid through own sources. Otherwise 5% penalty of the outstanding amount.
3-UBL allows balloon payments with heavy penalty@ 5% of additional payment made, they also discharge balloon payments at start of facility.
4-Procesing fee (Non-Refundable) banks charge processing charges that lies between 5000/15,000
4-UBL conventional banks charge processing charges that lies between Rs 400/ to Rs 500/ and these are received by the bank along with does for processing regardless approval of the case.
5-Alfalah’s physical charges not applicable.
5-UBL bank charge Rs 1000/ for the same purpose.
6-Alfalah Bank Charges 1st installment in advance at the time of disbursement with the 1 Year KIBOR rate. 7-Alfalah does not charge Life Insurance & Property Insurance. It will be added separately. 8-Alfalah bank receives security deposit along with documents.
6-UBL charge first installment in advance. 7-UBL charges insurance amount annually at the start of 1st year and 2nd year in advance in 1st year installment. 8-UBL bank charges security deposit for processing resultantly if case declined bank cutted processing fee.
- 35 -
Alfalah Bank
Meezan Bank
1-Conventional home loan.
1-Islamic home loan.
2-Currently Alfalah Bank offering loan@ 11.50% & 13.50 %( per annum) for Salaried & Business persons respectively.
2-Currently Meezan Bank offering loan@ 13.50% & 14.50% for salaried & business persons.
3-Alfalah, Home loan installment remains the same throughout the period.
3-Meezan Bank home loan is based on Islamic diminishing Musharka and installment tends to decrease every month.
4-In Alfalah home loan interest amount starts diminish & principal tends to increase but combination of above makes installment same.
4-In diminishing musharka rent amount decreases with the unit price/ Principal remains the same.
5-Alfalah Bank Allows balloon payments without any charges. Nill if repaid through own sources. Otherwise 5% penalty of the outstanding amount.
5-Meezan Bank allows balloon payments at any time and does not charge profit on additional units purchase if value of property does not increases.
6-Procesing fee (Non-Refundable)
6-Meezan Bank charges processing fee Rs 2500/ which they receive along with security deposit after getting approval.
For financing up to Rs.
1.00M
5000
For financing up to Rs.
2.50M
10,000
For financing up to Rs.
5.00M
12,500
For financing up to Rs.
5.00M
15,000
7Alfalah Bank Charges 1st installment in advance at the time of disbursement with the 1 Year KIBOR rate. 8-Alfalah does not charge Life Insurance & Property Insurance. It will be added separately.
9-Alfalah bank receives security deposit along with documents.
7-Meezan Bank does not charges 1st installment at the time of disbursement while Meezan Bank charges first installment after month as it is. 8-Meezan Bank charges insurance amount monthly rather than annually which is included in monthly installment amount. 9-Meezan Bank receives security deposit after the case get approved.
- 36 -
Comparison (Car Finance)
Alfalah Bank
Citi Bank
1-Alfalah Car installments remain same linked with KIBOR.
1-Citi Bank Car finance installments flu-charts annually linked with KIBOR. 2-Installments start right from the first month regardless of delivery of vehicle.
2-In case of booking of vehicle Alfalah bank charge installment with insurance. 3-The mark up rate of Alfalah Car is 15.50%.
3-The mark up rate of Citi Bank Car finance is 16%.
Alfalah Bank
MCB Bank
1-Alfalah Car installments remain same linked with KIBOR.
1-MCB Car 4 U installments flu-charts annually linked with KIBOR.
2-In case of booking of vehicle Alfalah bank charge installment with insurance.
2-Installments start right from the first month regardless of delivery of vehicle.
3-The mark up rate of Alfalah Car is 15.50%. 3-The mark up rate of MCB Car 4 U is 14.25%.
- 37 -
Alfalah Bank
UBL Bank
1-Alfalah Car installments remain same linked with KIBOR.
1-UBL Auto finance installments flu-charts annually linked with KIBOR. 2-Installments start right from the first month regardless of delivery of vehicle.
2-In case of booking of vehicle Alfalah bank charge installment with insurance. 3-The mark up rate of Alfalah Car is 15.50%.
3-The mark up rate of UBL Auto finance is 13.50%.
Alfalah Bank
Meezan Bank
1-Alfalah Car installments remain same linked with KIBOR.
1-Car Ijarah rent amount remains the same throughout the period, regardless of variation in rates of KIBOR.
2-In case of booking of vehicle Alfalah bank charge installment with insurance.
2-In case of booking of vehicle Meezan bank does not charge installment until vehicle transferred to customer and he used it one month.
3-The mark up rate of Alfalah Car is 15.50%.
3-The mark up rate of Meezan Car Ijarah is 15.00%.
- 38 -
Arooj Azhar The Experience of making this assignment was very good .The whole process was really very interesting. All this was very informative .some time this project work become too much tough. But with co-operation. Of group member this become more easy whole group was very efficient in their work. Project work about bank Alfalah Ltd was really a fantastic job . Its services are more than all banks .its financing scheme is very good. its installment plan is very reliable . this bank provide a lot of facility 4 us . I enjoy a lot while preparing this project with all my group . Signature:-________ Abrar Akram This project is really very interesting. I was very excited to work on this project. My group was very much co-operative. This all work us a team work & whole group partially do it. Our Bank is a bank which provides services more than all the banks. Financing services, mark up plan & installments are very reliable. Especially home loans & car Financing & credit cards services are very useful in daily life. I have learned very much experience while the making this project. It develop my interest in leasing & other bank policies. Signature:-________ Umair Tufail I am the analyzer of this project. This project is about “BANK ALFALAH” and BANK ALFALAH’s three products namely 1- Home Loan, 2- Car finance, 3- Credit cards. In this project you will find the history and something about BANK ALFALAH .You will also find information about ALFALAH Bank’s three products we choose , the information include history , mark up rates , amortization tables, installment process , charges , prices & many other information. I learned a lot of things about banking system during the preparation of this project. Signature:-________ Tayyab Ali - 39 -
With the grace of My Allah, I was able to work on this project. My group also helped me a lot, I was unable to comply on this project without facilitation of my group . I am very thankful to my Co-workers to help me to make this project. I especially thank to data providers for giving me this useful data. This is my 1st project and I hope that this project may get success for me and for my entire team. Signature:-________ Mian Humayun Shahzad I am very happy on this project because I had to do a lot of work while preparing this project. I got experience from this project. our all group did it with co-operation of team work. Sir. Imran helped us very much working in this project. I hope this project will prove our hard working. Signature:-________ Faizan Ahmad: This assignment was very 1st assignment for us & of such type about an organization services & products so that it was a little bit tough for us but we did it very well with co-operation & managed team work. In my opinion this assignment which is in your hand is real fruit of great combined effort & team work. We had to visit the bank Alfalah ltd, In order to the collection of data. We also tool assistance from the web site of bank Alfalah and collected all the necessary information about bank Alfalah’s (services & products) . Our next step was to get installment schedules for the Alfalah Car, home loan, & Alfalah credit cards. We got no more material about installment plans, so Mr. Imran who is the course instructor of business math also had authorization of this assignment helped us in preparing the installment plans. Overall it was a really pleasant task for me to prepare this assignment I took la lot of experiences from it. This assignment also improved my communication skills during the discussion with employees of bank Alfalah ltd. We really enjoyed that on. Signature:-________ Azhar Farooq When I got this venture I was in fact energized. I had nightmare to work on Bank Alfalah services and products. It was a little bit sturdy situation but with the co-operation of my cluster I did it splendidly. The creation of installment schedules was a little bit tough but with the help of Sir. Imran we did it. We started it no matter what the circumstance was and we visited bank Alfalah main branch with my group . We collected markup plan, installment schedule from bank with the giddiness of our teacher Sir Imran. I got a lot of experience from this project that is how to work in field and how to bring together information according to your aspiration. It’s the ambition of my family & friend to strike peak and now I can say I did some thing remarkable and look forward to that I’ll have to work on such type further. I would like to dedicate my petite struggle to my friend Adnan Blouch and brother Shakir M. - 40 -
Signature:-________
It’s incumbent upon us to express our fervent gratitude to all mighty Allah the most comionate and merciful for giving us the courage to achieve this task in the field of management sciences. Word will never be able to express our thanks to our family and who not only prayed for our success but also morally ed us. May God almighty infuse us with the energy and weight to fulfill our noble appreciation and expectations further edify our competence.
1. Sufyan Ahmad Officer, Main Brach, Bank Alfalah Limited. 2. Rana Muhammad Kashif Relationship Officer, Credit Cards 3. Shahryar Jamil Officer, Home Loan Department, BAL Ltd. 4. Fateh Muhammad Leasing Officer, Car Financing, BAL Ltd. 5. Mian Khawar Super Car Showroom, Eid Gah Road, FSD 6. WEB ADDRESS www.bankalfalah.com
THE CARING BANK
- 41 -
-1-
Vision: To be the premier organization operating locally & internationality that provides the complete range of financial services to all segments under one roof. Mission: To develop & deliver the most innovative products, manage customer experience, deliver quality services that contributes to brand strength, establishes a competitive advantage and enhances profitability, thus providing value to the stakeholders of the bank. Slogan: “THE CARING BANK”
(SHAHDIN MANZIL, LAHORE)
-2-
Bank Alfalah Limited was incorporated on June 21st, 1997 as a public limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1st ,1997. The bank is engaged in commercial banking and related services as defined in the Banking companies ordinance, 1962. The Bank is currently operating through 195 branches in 74 cities, with the ed office at B.A.Building, I.I.Chundrigar, Karachi.Since its inception, as the new identity of H.C.E.B after the privatization in 1997, the management of the bank has implemented strategies and policies to carve a distinct position for the bank in the market place. Strengthened with the banking of the Abu Dhabi Group and driven by the strategic goals set out by its board of management, the Bank has invested in revolutionary technology to have an extensive range of products and services. This facilitates our commitment to a culture of innovation and seeks out synergies with clients and service providers to ensure uninterrupted services to its customers. We perceive the requirements of our customers and match them with quality products and service solutions. During the past five years, we have emerged as one of the foremost financial institution in the region endeavoring to meet the needs of tomorrow today.
-3-
I.
Alfalah car
II.
Home loans
III.
Credit cards
-4-
-5-
• • • • • • • •
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. 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 -6-
BAL’s recently introduced car leasing facility for individuals and corporate sector has set new dimensions for the product. Now you are provided with the option of either to get the vehicle leased or financed. Insurance Renowned and reliable Insurance companies are offering the competitive rates of insurance. Pay year insurance in advance { at the time of down payment } and the remaining in the subsequent equal monthly installment. Repayments Easily affordable installments on monthly basis in the form of post-dated cheques will set you free of depositing your rental cheques every month. Security Hypothecation of vehicle in the name of Bank Alfalah Limited.
Product
Price including ST & Price Including FED ST, FED & WHT w.e.f 01/07/07 w.e.f 01/09/07
SUZUKI MEHRAN SUZUKI SB308R VX SUZUKI SB308R VX M
317,739 322,783
325,600 330,800
SUZUKI SB308R VX CNG SUZUKI SB308R VX M CNG
348,000 353,043
356,600 361,800
SUZUKI SB308R VXR SUZUKI SB308R VXR M
363,130 368,174
372,100 377,300
SUZUKI SB308R VXR CNG SUZUKI SB308R VXR M CNG
393,391 398,435
403,100 408,300
SUZUKI ALTO RA410 VX SUZUKI ALTO RA410 VX M
422,643 427,687
433,100 438,300
SUZUKI ALTO RA410 VX CNG SUZUKI ALTO RA410 VX M CNG
457,948 462,991
469,300 474,500
SUZUKI ALTO
-7-
Product
Price including ST & Price Including FED ST, FED & WHT w.e.f 01/07/07 w.e.f 01/09/07 468,035 479,600
SUZUKI ALTO RA410 VXR SUZUKI ALTO RA410 VXR M SUZUKI ALTO RA410 VXR CNG
473,078 503,339
484,800 515,800
SUZUKI ALTO RA410 VXR M CNG
508,383
521,000
SUZUKI CULTUS Suzuki Cultus VXR
Rs. 585,000/-
Suzuki Cultus VXR (Met. Colors) Suzuki Cultus VXR CNG
Rs. 590,000/Rs. 627,000/-
Suzuki Cultus VXR CNG (Met. Colors) Suzuki Cultus VXL
Rs. 632,000/Rs. 647,000/-
Suzuki Cultus VXL (Met. Colors)
Rs. 652,000/-
Suzuki Cultus VXL CNG (Met. Colors)Rs. 689,000/Suzuki Cultus VXL CNG
Rs. 694,000/-
SUZUKI RAVI SUZUKI PICKUP ST308R
314,713
322,500
SUZUKI PICKUP ST308R CNG
346,991
355,600
SUZUKI BOLAN SUZUKI VAN ST308 VTR
370,191
379,400
SUZUKI VAN ST308 VTR CNG SUZUKI VAN ST308 VTR GL
407,513 430,713
417,600 441,400
SUZUKI VAN ST308 VTR GL M SUZUKI VAN ST308 VTR GL CNG
435,757 465,009
446,600 476,500
SUZUKI VAN ST308 VTR GL CNG M
470,052
481,700
SUZUKI LIANA SUZUKI LIANA 1.3L RXI MT
800,904
820,800
SUZUKI LIANA 1.3L RXI MT CNG SUZUKI LIANA 1.3L LXI MT
856,383 866,470
877,600 887,900
SUZUKI LIANA 1.3L LXI SP MT SUZUKI LIANA 1.3L LXI CNG
906,817 912,870
929,300 935,500
SUZUKI LIANA 1.6L Eminent AT
937,078
960,300
APV CBU APV 1.5LGLXMT
1,007,687
1,032,700
APV 1.5LGLX CNG APV 1.5LGLXAT
1,058,122 1,088,383
1,084,300 1,115,400
JIMNY CBU
-8-
Product
Price including ST & Price Including FED ST, FED & WHT w.e.f 01/07/07 w.e.f 01/09/07 1,049,043 1,075,000
JIMNY MT JIMNY AT JIMNY JLSX MT
1,129,739 827,130
1,157,700 847,600
JIMNY JLDX MT
897,739
920,000
TOYOTA Toyota Corolla XLi
890,000
915,000
Toyota Corolla GLi Toyota Corolla 2.0D
980,000 1,050,000
1,005,000 1,080,000
Toyota Corolla 2.0DSE Toyota Corolla 2.0D Saloon
1,130,000 1,295,000
1,160,000 1,328,000
Toyota Corolla Altis MT Toyota Corolla Altis AT
1,245,000 1,335,000
1,280,000 1,370,000
DAIHATSU Daihatsu Coure CL Daihatsu Coure CL CNG
N/A N/A
390,000 431,000
Daihatsu Coure CX Daihatsu Coure CX (Met. Colors)
N/A N/A
451,000 456,000
Daihatsu Coure CX AT Daihatsu Coure CX AT (Met Colors)
N/A N/A
482,000 487,000
Daihatsu Coure CX CNG Daihatsu Coure CX CNG (Met Colors)
N/A N/A
492,000 497,000
HONDA CITY Honda City I-DSI MT 1.3L Honda City I-DSI MT UG 1.3L
852,000 899,000
Honda City I-DSI CVT 1.3L Honda City I-DSI CVT UG 1.3L
907,000 949,000
Honda City VTEC Steermatic 1.5L
1,036,000
HONDA CIVIC Honda Civic VTI MT 1.8L
1,348,000
Honda Civic VTI MT SR 1.8L Honda Civic VTI PT 1.8L
1,480,000 1,388,000
Honda Civic VTI PT SR 1.8L
1,520,000
HONDA ACCORD Honda Accord 2.4L
2,810,000
-9-
• • • • • • •
Two port 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-borrower’s NIC copy {if the car is to be in the name of the co-borrower}.
Monthly Installment Plan For Honda Civic VTI pt SR 1.8L Value of asset (Rs.) Customer’s participation Bank Alfalah’s participation (Rs.) Tenor Installment . Installment date 5-Jan-07 5-Feb-07 5-Mar-07 5-Apr-07 5-May-07 5-Jun-07 5-Jul-07 5-Aug-07 5-Sep-07 5-Oct-07 5-Nov-07
Balance 1,520,000.00 1,502,839.31 1,485,464.10 1,467,871.71 1,450,059.41 1,432,024.46 1,413,764.08 1,395,275.43 1,376,555.68 1,357,601.93 1,338,411.26
1,520,000 30,4000 1216000 60 months (5 years) 36,161
Installment 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69
- 10 -
Markup 19000 18,785.49 18,568.30 18,348.40 18,125.74 17,900.31 17,672.05 17,440.94 17,206.95 16,970.02 16,730.14
Principal 17,160.69 17,375.20 17,592.39 17,812.30 18,034.95 18,260.39 18,488.64 18,719.75 18,953.75 19,190.67 19,430.55
5-Dec-07 5-Jan-08 5-Feb-08 5-Mar-08 5-Apr-08 5-May-08 5-Jun-08 5-Jul-08 5-Aug-08 5-Sep-08 5-Oct-08 5-Nov-08 5-Dec-08 5-Jan-09 5-Feb-09 5-Mar-09 5-Apr-09 5-May-09 5-Jun-09 5-Jul-09 5-Aug-09 5-Sep-09 5-Oct-09 5-Nov-09 5-Dec-09 5-Jan-10 5-Feb-10 5-Mar-10 5-Apr-10 5-May-10 5-Jun-10 5-Jul-10 5-Aug-10 5-Sep-10 5-Oct-10 5-Nov-10 5-Dec-10 5-Jan-11 5-Feb-11 5-Mar-11 5-Apr-11 5-May-11 5-Jun-11 5-Jul-11 5-Aug-11 5-Sep-11 5-Oct-11 5-Nov-11
1,318,980.71 1,299,307.28 1,279,387.92 1,259,219.58 1,238,799.13 1,218,123.43 1,197,189.27 1,175,993.45 1,154,532.67 1,132,803.64 1,110,802.99 1,088,527.33 1,065,973.23 1,043,137.20 1,020,015.72 996,605.22 972,902.10 948,902.68 924,603.27 900,000.12 875,089.42 849,867.35 824,330.00 798,473.43 772,293.65 745,786.63 718,948.27 691,774.43 664,260.91 636,403.48 608,197.83 579,639.61 550,724.41 521,447.77 491,805.18 461,792.05 431,403.75 400,635.61 369,482.86 337,940.70 306,004.27 273,668.62 240,928.79 207,779.70 174,216.26 140,233.27 105,825.49 70,987.61
36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69 36,160.69
- 11 -
16,487.26 16,241.34 15,992.35 15,740.24 15,484.99 15,226.54 14,964.87 14,699.92 14,431.66 14,160.05 13,885.04 13,606.59 13,324.67 13,039.22 12,750.20 12,457.57 12,161.28 11,861.28 11,557.54 11,250.00 10,938.62 10,623.34 10,304.12 9,980.92 9,653.67 9,322.33 8,986.85 8,647.18 8,303.26 7,955.04 7,602.47 7,245.50 6,884.06 6,518.10 6,147.56 5,772.40 5,392.55 5,007.95 4,618.54 4,224.26 3,825.05 3,420.86 3,011.61 2,597.25 2,177.70 1,752.92 1,322.82 887.35
19,673.43 19,919.35 20,168.34 20,420.45 20,675.70 20,934.15 21,195.83 21,460.78 21,729.04 22,000.65 22,275.66 22,554.10 22,836.03 23,121.48 23,410.50 23,703.13 23,999.42 24,299.41 24,603.15 24,910.69 25,222.08 25,537.35 25,856.57 26,179.78 26,507.02 26,838.36 27,173.84 27,513.51 27,857.43 28,205.65 28,558.22 28,915.20 29,276.64 29,642.60 30,013.13 30,388.29 30,768.15 31,152.75 31,542.16 31,936.43 32,335.64 32,739.84 33,149.08 33,563.45 33,982.99 34,407.78 34,837.88 35,273.35
Monthly Installment Plan Toyota Corolla Altis AT IBW Value of asset (Rs.) Customer’s participation Bank Alfalah’s participation (Rs.) Tenor Installment Installment date 5-Jan-07 5-Feb-07 5-Mar-07 5-Apr-07 5-May-07 5-Jun-07 5-Jul-07 5-Aug-07 5-Sep-07 5-Oct-07 5-Nov-07 5-Dec-07 5-Jan-08 5-Feb-08 5-Mar-08 5-Apr-08 5-May-08 5-Jun-08 5-Jul-08 5-Aug-08 5-Sep-08 5-Oct-08 5-Nov-08 5-Dec-08 5-Jan-09 5-Feb-09 5-Mar-09 5-Apr-09 5-May-09 5-Jun-09 5-Jul-09 5-Aug-09 5-Sep-09 5-Oct-09 5-Nov-09 5-Dec-09 5-Jan-10
Balance 1,335,000.00 1,319,927.94 1,304,667.49 1,289,216.27 1,273,571.92 1,257,732.01 1,241,694.11 1,225,455.73 1,209,014.36 1,192,367.49 1,175,512.52 1,158,446.87 1,141,167.90 1,123,672.95 1,105,959.30 1,088,024.24 1,069,864.98 1,051,478.74 1,032,862.67 1,014,013.89 994,929.51 975,606.57 956,042.10 936,233.07 916,176.42 895,869.07 875,307.88 854,489.67 833,411.23 812,069.32 790,460.63 768,581.83 746,429.55 724,000.36 701,290.81 678,297.38 655,016.54
1,335,000 267,000 1,068,000 60 months (5 years) 31,759.56 Installment $31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56
- 12 -
Markup 16,687.50 16,499.10 16,308.34 16,115.20 15,919.65 15,721.65 15,521.18 15,318.20 15,112.68 14,904.59 14,693.91 14,480.59 14,264.60 14,045.91 13,824.49 13,600.30 13,373.31 13,143.48 12,910.78 12,675.17 12,436.62 12,195.08 11,950.53 11,702.91 11,452.21 11,198.36 10,941.35 10,681.12 10,417.64 10,150.87 9,880.76 9,607.27 9,330.37 9,050.00 8,766.14 8,478.72 8,187.71
Principal 15,072.06 15,260.46 15,451.21 15,644.35 15,839.91 16,037.91 16,238.38 16,441.36 16,646.88 16,854.96 17,065.65 17,278.97 17,494.96 17,713.64 17,935.07 18,159.25 18,386.24 18,616.07 18,848.77 19,084.38 19,322.94 19,564.47 19,809.03 20,056.64 20,307.35 20,561.19 20,818.21 21,078.44 21,341.92 21,608.69 21,878.80 22,152.28 22,429.19 22,709.55 22,993.42 23,280.84 23,571.85
5-Feb-10 5-Mar-10 5-Apr-10 5-May-10 5-Jun-10 5-Jul-10 5-Aug-10 5-Sep-10 5-Oct-10 5-Nov-10 5-Dec-10 5-Jan-11 5-Feb-11 5-Mar-11 5-Apr-11 5-May-11 5-Jun-11 5-Jul-11 5-Aug-11 5-Sep-11 5-Oct-11 5-Nov-11
631,444.69 607,578.20 583,413.37 558,946.48 534,173.75 509,091.37 483,695.45 457,982.09 431,947.31 405,587.09 378,897.38 351,874.04 324,512.90 296,809.76 268,760.32 240,360.27 211,605.22 182,490.73 153,012.31 123,165.40 92,945.41 62,347.67
31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56 31,759.56
Financing Product
7,893.06 7,594.73 7,292.67 6,986.83 6,677.17 6,363.64 6,046.19 5,724.78 5,399.34 5,069.84 4,736.22 4,398.43 4,056.41 3,710.12 3,359.50 3,004.50 2,645.07 2,281.13 1,912.65 1,539.57 1,161.82 779.35
1Yr
2Yr
23,866.50 24,164.83 24,466.89 24,772.73 25,082.38 25,395.91 25,713.36 26,034.78 26,360.22 26,689.72 27,023.34 27,361.13 27,703.15 28,049.43 28,400.05 28,755.05 29,114.49 29,478.42 29,846.90 30,219.99 30,597.74 30,980.21
3Yr
4Yr
5Yr
Car Loan for Brand New Vehicles
14.00% 14.50% 15.00% 15.50%
15.50%
Car Loan for Brand New Imported Vehicles
16.00% 16.00% 16.00% 16.00%
16.00%
Car Loan for New Commercial Vehicles
15.50% 15.50% 15.50% 15.50%
15.50%
Car Loan for Used Vehicles (Local Assembled Only)
17.00% 17.00% 17.00% 17.00%
17.00%
Car Loan for Internal / External BTF (Local Assembled)
16.00% 16.00% 16.00% 16.00% 16.00%
Car Loan for Internal BTF (Imported)
17.00% 17.00% 17.00% 17.00% 17.00%
- 13 -
- 14 -
With this facility, you no longer need to just dream about the home you want for yourself and your family .We will provide you upto 80% of the purchase price of the property, so that you can realise your dream and enter the reality of owning a home!. Payment period ranges from 3 to 20 years
You own a plot but need financing to construct a home, that excites everyone in your family! No problem. We will provide up-to 100% of the construction cost enabling you to say good-bye to rent forever! Even if you don't have a plot, we will provide up to 60% of the value of the plot that you have selected to purchase! Payment period ranges from 3 to 20 years.
- 15 -
You already own a home, but need extra space for a growing family or want to see some rooms get a new look. Simply apply for financing of up to Rs. 3.50 million or 40% of the surveyed value of your home and get yourself the extra space! You can stretch your payments for up to 10 years.
The crown jewel of our Home Finance scheme, the golden opportunity for someone starting a career to buy an already constructed housing unit early in life! We offer a moratorium of up to 3 years in principal payments, for a financing of up to 20 years. You service only the mark-up element initially, and principal repayment starts after the end of moratorium period. Home Start is specially designed for young professionals to own a quality asset.
Does your existing installment on a home finance leave you with nothing to spend? You need not worry any more because we have genuinely attractive rates and flexible payment options that could leave more funds with you each month. With our Home BTF, repaying your home finance will not make you break into a sweat! Transfer up to 100 % of the existing finance.
- 16 -
Processing Fee (Non Refundable): For financing upto Rs.
1.00M
5000
For financing upto Rs.
2.50M
10,000
For financing upto Rs.
5.00M
12,500
For financing upto Rs.
5.00M
15,000
Mark-up Rates: 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 o
Salaried 11.50% per Annum
o
Self-employed Professionals & Businessmen and Overseas Pakistani (both salaried and self-employed) 13.50% Per Annum These are indicative rates reviewed monthly
Late Payment Charges: •
Rs. 500/- per late payment
Prepayment Charges: - 17 -
• •
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, lawyer’s fee and charge registration fee, as advised by the relevant persons/ agencies. Monthly Installment Schedule For Home Loans: THESE CALCULATIONS ARE MADE AT , TOTAL VALUE OF ASSET= 600,000 BANK’S PARTICIPATION= 500,000 DOWN PAYMENT= 100,000 INTEREST RATE= 14% TENURE= 7 YEARS (84 MONTHS) TENURE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
BALANCE 500,000 496,463 492,885 489,266 485,604 481,899 478,151 474,360 470,524 466,643 462,718 458,746 454,728 450,663 446,551 442,391 438,182 433,924 429,616 425,259 420,850 416,390 411,878 407,313 402,695 398,023
INSTALLMENT 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370
INTEREST 5,833 5,792 5,750 5,708 5,665 5,622 5,578 5,534 5,489 5,444 5,398 5,352 5,305 5,258 5,210 5,161 5,112 5,062 5,012 4,961 4,910 4,858 4,805 4,752 4,698 4,644
- 18 -
PRINCIPAL DEDUCTION 3,537 3,578 3,620 3,662 3,705 3,748 3,792 3,836 3,881 3,926 3,972 4,018 4,065 4,112 4,160 4,209 4,258 4,308 4,358 4,409 4,460 4,512 4,565 4,618 4,672 4,726
27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76
393,297 388,515 383,678 378,784 373,833 368,824 363,757 358,631 353,445 348,199 342,891 337,521 332,089 326,594 321,034 315,409 309,719 303,962 298,139 292,247 286,286 280,256 274,156 267,985 261,741 255,425 249,035 242,570 236,030 229,414 222,720 215,949 209,098 202,167 195,156 188,063 180,887 173,627 166,283 158,853 151,336 143,732 136,039 128,256 120,382 112,416 104,358 96,206 87,958 79,614
9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370
4,588 4,533 4,476 4,419 4,361 4,303 4,244 4,184 4,124 4,062 4,000 3,938 3,874 3,810 3,745 3,680 3,613 3,546 3,478 3,410 3,340 3,270 3,198 3,126 3,054 2,980 2,905 2,830 2,754 2,676 2,598 2,519 2,439 2,359 2,277 2,194 2,110 2,026 1,940 1,853 1,766 1,677 1,587 1,496 1,404 1,312 1,218 1,122 1,026 929
- 19 -
4,782 4,837 4,894 4,951 5,009 5,067 5,126 5,186 5,246 5,308 5,370 5,432 5,496 5,560 5,625 5,690 5,757 5,824 5,892 5,960 6,030 6,100 6,172 6,244 6,316 6,390 6,465 6,540 6,616 6,694 6,772 6,851 6,931 7,011 7,093 7,176 7,260 7,344 7,430 7,517 7,604 7,693 7,783 7,874 7,966 8,058 8,152 8,248 8,344 8,441
77 78 79 80 81 82 83 84
71,173 62,633 53,994 45,254 36,412 27,467 18,417 9,262
9,370 9,370 9,370 9,370 9,370 9,370 9,370 9,370
830 731 630 528 425 320 215 108
8,540 8,639 8,740 8,842 8,945 9,050 9,155 9,262
THE FOLLOWING CALCULATIONS ARE MADE AT, TOTAL VALUE OF ASSET= 1,200,000 BANK’S PARTICIPATION= 1,000,000 DOWN PAYMENT= 200,000 (20 %) INTEREST RATE= 14% TENURE= 5 YEARS (60 MONTHS) TENURE 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33
BALANCE 1,000,000 988,398 976,661 964,788 952,775 940,623 928,328 915,891 903,308 890,578 877,700 864,671 851,491 838,157 824,667 811,020 797,214 783,246 769,116 754,821 740,359 725,728 710,926 695,952 680,804 665,478 649,974 634,288 618,420 602,367 586,126 569,696 553,074
INSTALLMENT 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268
INTEREST 11,667 11,531 11,394 11,256 11,116 10,974 10,830 10,685 10,539 10,390 10,240 10,088 9,934 9,778 9,621 9,462 9,301 9,138 8,973 8,806 8,638 8,467 8,294 8,119 7,943 7,764 7,583 7,400 7,215 7,028 6,838 6,646 6,453
- 20 -
PRINCIPAL DEDUCTION 11,602 11,737 11,874 12,012 12,153 12,294 12,438 12,583 12,730 12,878 13,028 13,180 13,334 13,490 13,647 13,806 13,967 14,130 14,295 14,462 14,631 14,801 14,974 15,149 15,326 15,504 15,685 15,868 16,053 16,241 16,430 16,622 16,816
34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60
536,259 519,247 502,036 484,625 467,011 449,191 431,163 412,925 394,475 375,809 356,925 337,821 318,494 298,941 279,160 259,149 238,904 218,423 197,703 176,742 155,535 134,082 112,378 90,420 68,207 45,735 23,000
23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268 23,268
6,256 6,058 5,857 5,654 5,448 5,241 5,030 4,817 4,602 4,384 4,164 3,941 3,716 3,488 3,257 3,023 2,787 2,548 2,307 2,062 1,815 1,564 1,311 1,055 796 534 268
17,012 17,210 17,411 17,614 17,820 18,028 18,238 18,451 18,666 18,884 19,104 19,327 19,552 19,781 20,011 20,245 20,481 20,720 20,962 21,206 21,454 21,704 21,957 22,213 22,473 22,735 23,000
•
No penalty on early settlement of loan with no time limit for early settlement (if done through private sources) (* does not apply to financing availed for purchase of land coupled with financing for construction thereon)
•
Convenience of Balloon payments towards adjustment of principal every month without any extra charge or penalty (Min Rs. 50,000)
- 21 -
Your Bank Alfalah Credit Card is your partner everywhere and is globally accepted and welcomed at locations displaying the VISA logo. It is accepted at nearly 30 million locations in more than 150 countries around the globe and over 18,000 Bank Alfalah’s establishments in Pakistan. Alfalah VISA lets you pay for shopping, travel, entertainment, meals and much more. Card are facilitated through a number of promotions from time to time. In addition, there are a number of strategic business partnerships with leading local and international brands for purchase of home appliances at exciting Step-BY-Step (SBS) monthly installment plan with free home delivery at lowest interest rates. Salient features are: • No ing / Annual / Renewal fee • Electricity, Sui Gas, PTCL and Warid 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
Products - 22 -
Platinum Card
It is accepted at nearly 30 million locations in more than 150 countries around the globe and at over 17,000 establishments in Pakistan.
Gold & Silver
A perfect card combination for all segments of salaried & professional individuals.
Young Professional
This Card is for you, if you are: • a Graduate... • have just started your Career...
Women Exclusive
Now for the first time in Pakistan, Bank Alfalah has introduced a credit card exclusively for women. This card has its unique features...
Student Card
For the first time in Pakistan, Bank Alfalah introduces a credit card for Students. . Supplementary Card
Now you can give Free Supplementary Cards to anyone you care for...
- 23 -
Visa Mini
Visa Mini is a practical and convenient part of your everyday life - whether you go for shopping, dine out, buy grocery, want to go for holidays... Awami Card
Alfalah Awami Card is your partner everywhere and is globally accepted and welcomed at locations displaying the VISA logo. It is accepted...
Your partner wherever you go! Your partner everywhere and is globally accepted and welcomed at locations displaying the VISA logo. It is accepted at nearly 30 million locations in more than 150 countries around the globe and at over 17,000 establishments in Pakistan. You also have the option of withdrawing cash by requesting an Over-the-Counter Cash Advance at 3,60,000 financial institutions worldwide or at any Bank Alfalah Branch/ATM or participating VISA member banks in Pakistan. Balance Transfer Facility (BTF) ONLY @ 1.5% PER MONTH OR 0.99% PER MONTH* Offering an easy and convenient way to settle payments on all your existing credit cards in Pakistan @ 1.5% per month. *This rate can be reduced to an incomparable rate of 0.99% per month if the Balance transfer transaction amount is converted to Step-By-Step (SBS) Monthly Installment Plan within TEN days of the transaction.
- 24 -
Just fill in the Balance Transfer application form available at all Bank Alfalah branches or call 0800-22225 for more information. Example: On a transaction amount of Rs. 6,000/- the installment for 36 months is Rs. 271.68 per month (i.e. 6000 x 0.04528). Normal SBS
BTF conversion to SBS
Payments Plan Factor*
03 Months 06 Months 09 Months 12 Months 18 Months 24 Months 30 Months 36 Months
Monthly Installment Rs.
@1.75% 0.35083 0.18417 0.12861 0.10083 0.07306 0.05917 0.05083 0.04528
Factor*
Monthly Installment Rs.
@0.99% N/A 0.1766 0.1210 0.0932 0.0655 0.0516 0.0432 0.0377
2,104.98 1,105.02 771.66 604.98 438.36 355.02 304.98 271.68
N/A 1,059.60 726.00 559.20 393.00 309.60 259.20 226.20
Repayment Schedule for All Alflah Credit Cards: TENURE
BALANCE
INSTALLMENT
INTEREST
PRINCIPAL DEDUCTION 1
1
6000
2,005.84
8.75
,997 2
2
4,003
2,005.84
5.8375827
,000
3
2,003
2,005.84
2.9209181
,003
2
TENURE
BALANCE
INSTALLMENT
INTEREST
PRINCIPAL DEDUCTION 1,66
1
10,000
1,675.18
14.58
0.60
2
8,339
1,675.18
12.16
3.02
3
6,676
1,675.18
9.74
5.45
4
5,011
1,675.18
7.31
7.88
5
3,343
1,675.18
4.88
0.31
6
1,673
1,675.18
2.44
2.74
1,66 1,66 1,66 1,67 1,67
- 25 -
Your Fortunes For every Rs. 50 you spend on your Alfalah VISA Card, you will earn 1 Fortune point. Your accumulated Fortune points can be exchanged for a whole range of items displayed in our Fortunes Catalogue. It offers a wide range of lifestyle categories catering to your own and your family’s taste.
Schedule of Charges The following Schedule of Charges is associated with your Alfalah VISA Platinum Card. Please make a note of the following so that you are fully informed of the charges on your Card. Schedule of Charges Service Fee
3.00% per month (APR 36%). 3.00% per month (APR 36%). 1.75% per month on SBS transactions. 1.50% per month on BTF transactions.
Late Fee Rs. 600/- or 10% of minimum amount, whichever is higher. Cash Payment Processing fee
Rs. 100/- per transaction.
Merchant Discount Charges
Upto 5% of transaction amount.
- 26 -
A perfect card combination for all segments of salaried & professional individuals.
This Card is for you, if you are: •
have just started your Career...
•
not qualified for any other credit card’s income criteria...
As a Classic Blue Cardholder you have a privilege of having access to all features of Alfalah VISA Credit Cards including two free supplementary cards.
A Credit Card Exclusively for Women.. - 27 -
Now for the first time in Pakistan, Bank Alfalah has introduced a credit card exclusively for women. This card has its unique features which have been tailor-made for women in Pakistan. Liability The liability of this card depends on what basis this card has been applied for: •
If the female is applying on her own income basis, she herself will be liable to pay for the amount spent through the card(s).
•
If the female is a house wife and does not have any direct income source, she can apply for the card through the person responsible for the household (i.e. husband or father) who will sign an undertaking to be responsible for the amount spent through all the card(s) issued under this scheme.
For the first time in Pakistan, Bank Alfalah introduces a credit card for Students. This card is for you if you are enrolled in a professional university (as per Bank Alfalah’s approved list) with 15 years of schooling experience. Now you can pay your fee, buy books or just with Alfalah VISA... :-) Not only this but you will also earn reward points and can redeem them for a TV, Mobile Phone, CD player & DVDs etc. Requirements 1. The applicant must be a graduate with 14 years of schooling and must be currently enrolled in a professional college/University. o
Karachi
Institute of Business istration (IBA) Shaheed Zulfiqar Ali Butto Institute of Science and Technology (SZABIST) Indus Valley DOW Medical College - 28 -
o
Lahore
o
College of Business Management (CBM) Agha Khan University (AKU)
Fatima Jinnah Medical College Lahore University of Management and Science (LUMS) FAST University King Edward Medical College Punjab University- IBA National College of Arts (NCA) Lahore Medical College
Islamabad
Quaid-i-Azam University Bahria University Islamic International University (IIU) National University of Science & Technology (NUST) Air University
Supplementary Cards All Bank Alfalah Basic Card can apply for supplementary cards in separate categories including Son’s Card, Daughter’s card (children who are above 13 years of age) and House Staff’s card. This feature has been introduced for the first time in Pakistan, yet another beginning made by Bank Alfalah Credit Cards. In addition, supplementary cards can be issued to anyone you like thus giving you complete freedom of choice (Only 1 supplementary card will be issued to Awami Card holder) . Separate Card Design for Each Category Each supplementary card category contains its own specific design of card. These card designs which have been specifically designed keeping in view the trends and tastes of the modern day young generation who has the desire to look exclusive in itself. You can - 29 -
get supplementary cards in unique designs for your son, daughter and house staff, but any other person can also enjoy this privilege using your own card design.
Separate Spending Limit for Each Category Not only are the card designs unique, the basic Card member can also assign a separate percentage or amount of the total credit limit of the credit card to each of the supplementary cards. So, whether it is your son who needs his monthly pocket money, or your daughter needs to make school fees payments, or your chef, chauffeur or maid is usually the one who buys all the groceries it is you who will decide how much credit each of them gets for it.
Unique Supplementary cards There are three design categories of Supplementary cards, namely, the Son's card, the Daughter's card and the House Staff card. This enables you to get away from the day-today hassle of buying groceries, petrol, children's books, etc, as each member can then do his or her own purchases.
Forget your wallet and
with Alfalah VISA Mini!
Visa Mini is a practical and convenient part of your everyday life - whether you go for shopping, dine out, buy grocery, want to go for holidays or feel like buying something of interest while you are out just for a jog! You can take it with you anywhere you like with no hassle as it has a perforated hole in the bottom left corner making it attachable to your key chain, mobile phone or other dayto-day carry along device. - 30 -
•
43% smaller than the regular sized credit card with the same features and benefits.
•
Accepted at over 30 million merchants worldwide and around 17,000 establishments in Pakistan (used on electronic POS terminals only).
•
Has the same security features as the regular sized Alfalah VISA credit card.
Your Alfalah Awami Card is your partner everywhere and is globally accepted and welcomed at locations displaying the VISA logo. It is accepted at nearly 30 million locations in more than 150 countries around the globe and at over 18,000 Bank Alfalah’s establishments in Pakistan. Alfalah Awami Card lets you pay for shopping, entertainment, meals, travel and much more.
• • • • • • • • • • • • • •
No ing Fee No Annual/Renewal Fee Balance Transfer Facility Global Acceptability Cash Advance Facility Revolving Credit Free Supplementary Cards 24-Hours Phone Banking Service Zero Loss Liability All Billing in Pak Rupees Comprehensive Travel Protection Fortunes Rewards Acceptance at 1Link ATMs Instant SBS Monthly Installment Plan - 31 -
• • • •
Utility bill Payments Credit Card bill Payment through HilalCard Special Offer on Warid post paid connection Step By Step Plan
No ing Fee Alfalah VISA without paying any ing fee. Start enjoying your free card from the moment you get hold of it. No Annual / Renewal Fee Alfalah VISA is the only credit card in Pakistan with no annual or renewal fee, so benefit from your card without worrying about any renewal fee. Balance Transfer Facility Bank Alfalah offers balance transfer facility to all its Card - the easy and convenient way to settle unsettled credit card payments on all existing credit cards in Pakistan. As an Alfalah VISA Cardmember you can avail balance transfer facility at a low rate of only 1.50% per month (for initial six months), which is the lowest in Pakistan. The balance transfer facility can only be availed if the total outstanding balance does not exceed beyond the credit limit assigned by Bank Alfalah for Alfalah VISA card.
So what are you waiting for…!Get your Alfalah Visa Credit Card
- 32 -
Comparison (Home Loan) Citi Bank
Bank Alfalah 1-Conventional home loan.
1-Also giving conventional loan.
2-Currently Alfalah Bank offering loan@ 11.50% & 13.50 %( per annum) for Salaried & Business persons respectively.
2-Currently Citi Bank offering loan@ 15% for salaried & business persons.
3-Alfalah Bank Allows balloon payments without any charges. Nill if repaid through own sources. Otherwise 5% penalty of the outstanding amount.
3-Citi Bank allows balloon payments with heavy penalty@ 5% of additional payment made; they also discharge balloon payments at start of facility.
4-Procesing fee (Non-Refundable)
4-Citi Bank conventional banks charge processing charges that lies between Rs 400/ to Rs 500/ and these are received by the bank along with does for processing regardless approval of the case.
For financing up to Rs.
1.00M
5000
For financing up to Rs.
2.50M
10,000
For financing up to Rs.
5.00M
12,500
For financing up to Rs.
5.00M
15,000
5Alfalah’s physical charges not applicable.
5-Citi bank charge Rs 1000/ for the same purpose.
6-Alfalah Bank Charges 1st installment in advance at the time of disbursement with the 1
6-Citi Bank charge first installment in advance.
- 33 -
Year KIBOR rate.
7-Alfalah does not charge Life Insurance & Property Insurance. It will be added separately. 8-Alfalah bank receives security deposit along with documents.
7-Citi Bank charges insurance amount annually at the start of 1st year and 2nd year in advance in 1st year installment. 8-Citi bank charges security deposit for processing resultantly if case declined bank cutted processing fee.
1-Conventional home loan.
MUSLIM COMMERCIAL BANK
2-Currently Alfalah Bank offering loan@ 11.50% & 13.50 %( per annum) for Salaried & Business persons respectively.
2-Currently MCB Bank offering loan@ 13.50% & 14% for salaried & business persons.
BANK ALFALAH
1-Also giving conventional loan.
3-Alfalah Bank Allows balloon payments without any charges. Nill if repaid through own sources. Otherwise 5% penalty of the outstanding amount. 4-Procesing fee (Non-Refundable) For financing up to Rs.
1.00M
5000
For financing up to Rs.
2.50M
10,000
For financing up to Rs.
5.00M
12,500
For financing up to Rs.
5.00M
15,000
3-MCB Bank allows balloon payments with heavy penalty@ 5% of additional payment made; they also discharge balloon payments at start of facility. 4-MCB Bank conventional banks charge processing charges that lies between Rs 400/ to Rs 500/ and these are received by the bank along with does for processing regardless approval of the case.
5Alfalah’s physical charges not applicable.
5-MCB bank charge some payment for the same purpose.
6-Alfalah Bank Charges 1st installment in advance at the time of disbursement with the 1 Year KIBOR rate.
6-MCB Bank charge first installment in advance.
- 34 -
7-Alfalah does not charge Life Insurance & Property Insurance. It will be added separately. 8-Alfalah bank receives security deposit along with documents.
7-MCB Bank charges insurance amount annually at the start of 1st year and 2nd year in advance in 1st year installment. 8-MCB bank charges security deposit for processing resultantly if case declined bank cutted processing fee.
Alfalah Bank
UBL
1-Conventional home loan.
1-Also conventional loan.
2-Currently Alfalah Bank offering loan@ 11.50% & 13.50 %( per annum) for Salaried & Business persons respectively.
2-Currently UBL offering loan@ 14.99% for salaried & business persons.
3-Alfalah Bank Allows balloon payments without any charges. Nill if repaid through own sources. Otherwise 5% penalty of the outstanding amount.
3-UBL allows balloon payments with heavy penalty@ 5% of additional payment made, they also discharge balloon payments at start of facility.
4-Procesing fee (Non-Refundable) banks charge processing charges that lies between 5000/15,000
4-UBL conventional banks charge processing charges that lies between Rs 400/ to Rs 500/ and these are received by the bank along with does for processing regardless approval of the case.
5-Alfalah’s physical charges not applicable.
5-UBL bank charge Rs 1000/ for the same purpose.
6-Alfalah Bank Charges 1st installment in advance at the time of disbursement with the 1 Year KIBOR rate. 7-Alfalah does not charge Life Insurance & Property Insurance. It will be added separately. 8-Alfalah bank receives security deposit along with documents.
6-UBL charge first installment in advance. 7-UBL charges insurance amount annually at the start of 1st year and 2nd year in advance in 1st year installment. 8-UBL bank charges security deposit for processing resultantly if case declined bank cutted processing fee.
- 35 -
Alfalah Bank
Meezan Bank
1-Conventional home loan.
1-Islamic home loan.
2-Currently Alfalah Bank offering loan@ 11.50% & 13.50 %( per annum) for Salaried & Business persons respectively.
2-Currently Meezan Bank offering loan@ 13.50% & 14.50% for salaried & business persons.
3-Alfalah, Home loan installment remains the same throughout the period.
3-Meezan Bank home loan is based on Islamic diminishing Musharka and installment tends to decrease every month.
4-In Alfalah home loan interest amount starts diminish & principal tends to increase but combination of above makes installment same.
4-In diminishing musharka rent amount decreases with the unit price/ Principal remains the same.
5-Alfalah Bank Allows balloon payments without any charges. Nill if repaid through own sources. Otherwise 5% penalty of the outstanding amount.
5-Meezan Bank allows balloon payments at any time and does not charge profit on additional units purchase if value of property does not increases.
6-Procesing fee (Non-Refundable)
6-Meezan Bank charges processing fee Rs 2500/ which they receive along with security deposit after getting approval.
For financing up to Rs.
1.00M
5000
For financing up to Rs.
2.50M
10,000
For financing up to Rs.
5.00M
12,500
For financing up to Rs.
5.00M
15,000
7Alfalah Bank Charges 1st installment in advance at the time of disbursement with the 1 Year KIBOR rate. 8-Alfalah does not charge Life Insurance & Property Insurance. It will be added separately.
9-Alfalah bank receives security deposit along with documents.
7-Meezan Bank does not charges 1st installment at the time of disbursement while Meezan Bank charges first installment after month as it is. 8-Meezan Bank charges insurance amount monthly rather than annually which is included in monthly installment amount. 9-Meezan Bank receives security deposit after the case get approved.
- 36 -
Comparison (Car Finance)
Alfalah Bank
Citi Bank
1-Alfalah Car installments remain same linked with KIBOR.
1-Citi Bank Car finance installments flu-charts annually linked with KIBOR. 2-Installments start right from the first month regardless of delivery of vehicle.
2-In case of booking of vehicle Alfalah bank charge installment with insurance. 3-The mark up rate of Alfalah Car is 15.50%.
3-The mark up rate of Citi Bank Car finance is 16%.
Alfalah Bank
MCB Bank
1-Alfalah Car installments remain same linked with KIBOR.
1-MCB Car 4 U installments flu-charts annually linked with KIBOR.
2-In case of booking of vehicle Alfalah bank charge installment with insurance.
2-Installments start right from the first month regardless of delivery of vehicle.
3-The mark up rate of Alfalah Car is 15.50%. 3-The mark up rate of MCB Car 4 U is 14.25%.
- 37 -
Alfalah Bank
UBL Bank
1-Alfalah Car installments remain same linked with KIBOR.
1-UBL Auto finance installments flu-charts annually linked with KIBOR. 2-Installments start right from the first month regardless of delivery of vehicle.
2-In case of booking of vehicle Alfalah bank charge installment with insurance. 3-The mark up rate of Alfalah Car is 15.50%.
3-The mark up rate of UBL Auto finance is 13.50%.
Alfalah Bank
Meezan Bank
1-Alfalah Car installments remain same linked with KIBOR.
1-Car Ijarah rent amount remains the same throughout the period, regardless of variation in rates of KIBOR.
2-In case of booking of vehicle Alfalah bank charge installment with insurance.
2-In case of booking of vehicle Meezan bank does not charge installment until vehicle transferred to customer and he used it one month.
3-The mark up rate of Alfalah Car is 15.50%.
3-The mark up rate of Meezan Car Ijarah is 15.00%.
- 38 -
Arooj Azhar The Experience of making this assignment was very good .The whole process was really very interesting. All this was very informative .some time this project work become too much tough. But with co-operation. Of group member this become more easy whole group was very efficient in their work. Project work about bank Alfalah Ltd was really a fantastic job . Its services are more than all banks .its financing scheme is very good. its installment plan is very reliable . this bank provide a lot of facility 4 us . I enjoy a lot while preparing this project with all my group . Signature:-________ Abrar Akram This project is really very interesting. I was very excited to work on this project. My group was very much co-operative. This all work us a team work & whole group partially do it. Our Bank is a bank which provides services more than all the banks. Financing services, mark up plan & installments are very reliable. Especially home loans & car Financing & credit cards services are very useful in daily life. I have learned very much experience while the making this project. It develop my interest in leasing & other bank policies. Signature:-________ Umair Tufail I am the analyzer of this project. This project is about “BANK ALFALAH” and BANK ALFALAH’s three products namely 1- Home Loan, 2- Car finance, 3- Credit cards. In this project you will find the history and something about BANK ALFALAH .You will also find information about ALFALAH Bank’s three products we choose , the information include history , mark up rates , amortization tables, installment process , charges , prices & many other information. I learned a lot of things about banking system during the preparation of this project. Signature:-________ Tayyab Ali - 39 -
With the grace of My Allah, I was able to work on this project. My group also helped me a lot, I was unable to comply on this project without facilitation of my group . I am very thankful to my Co-workers to help me to make this project. I especially thank to data providers for giving me this useful data. This is my 1st project and I hope that this project may get success for me and for my entire team. Signature:-________ Mian Humayun Shahzad I am very happy on this project because I had to do a lot of work while preparing this project. I got experience from this project. our all group did it with co-operation of team work. Sir. Imran helped us very much working in this project. I hope this project will prove our hard working. Signature:-________ Faizan Ahmad: This assignment was very 1st assignment for us & of such type about an organization services & products so that it was a little bit tough for us but we did it very well with co-operation & managed team work. In my opinion this assignment which is in your hand is real fruit of great combined effort & team work. We had to visit the bank Alfalah ltd, In order to the collection of data. We also tool assistance from the web site of bank Alfalah and collected all the necessary information about bank Alfalah’s (services & products) . Our next step was to get installment schedules for the Alfalah Car, home loan, & Alfalah credit cards. We got no more material about installment plans, so Mr. Imran who is the course instructor of business math also had authorization of this assignment helped us in preparing the installment plans. Overall it was a really pleasant task for me to prepare this assignment I took la lot of experiences from it. This assignment also improved my communication skills during the discussion with employees of bank Alfalah ltd. We really enjoyed that on. Signature:-________ Azhar Farooq When I got this venture I was in fact energized. I had nightmare to work on Bank Alfalah services and products. It was a little bit sturdy situation but with the co-operation of my cluster I did it splendidly. The creation of installment schedules was a little bit tough but with the help of Sir. Imran we did it. We started it no matter what the circumstance was and we visited bank Alfalah main branch with my group . We collected markup plan, installment schedule from bank with the giddiness of our teacher Sir Imran. I got a lot of experience from this project that is how to work in field and how to bring together information according to your aspiration. It’s the ambition of my family & friend to strike peak and now I can say I did some thing remarkable and look forward to that I’ll have to work on such type further. I would like to dedicate my petite struggle to my friend Adnan Blouch and brother Shakir M. - 40 -
Signature:-________
It’s incumbent upon us to express our fervent gratitude to all mighty Allah the most comionate and merciful for giving us the courage to achieve this task in the field of management sciences. Word will never be able to express our thanks to our family and who not only prayed for our success but also morally ed us. May God almighty infuse us with the energy and weight to fulfill our noble appreciation and expectations further edify our competence.
1. Sufyan Ahmad Officer, Main Brach, Bank Alfalah Limited. 2. Rana Muhammad Kashif Relationship Officer, Credit Cards 3. Shahryar Jamil Officer, Home Loan Department, BAL Ltd. 4. Fateh Muhammad Leasing Officer, Car Financing, BAL Ltd. 5. Mian Khawar Super Car Showroom, Eid Gah Road, FSD 6. WEB ADDRESS www.bankalfalah.com
THE CARING BANK
- 41 -
Related Documents 171j1w
Bank Alfalah 3p6a5m
November 2019 64
Bank Alfalah Clearance Department 6a6j45
February 2022 0
Bank Alfalah Remittance Dpartment 6l4bw
November 2019 22
Bank Alfalah Branch List 5r3o7
December 2019 125
Bank Alfalah Internship Report 6c4ot
December 2019 64
Internship Report For Bank Alfalah 1j2k31
December 2019 44More Documents from "Azhar Farooq" 76q4x
Bank Alfalah 3p6a5m
November 2019 64
Sika Anchorfix 3001 (a B) E (1) 4x625p
November 2022 0
Packaged Stp Ppt 3h2c2t
December 2019 65
Pengelolaan Sampah Infeksius 6g3969
October 2021 0
Makalah Studi Islam Macam Macam Hadist 1s553
January 2021 0