agricultural finance services

Hari Bhari Agricultural Revolving Credit

Conventional Banking

This financing facility is designed to facilitate Agricultural Farmers in obtaining Agriculture Production Loans to meet working capital needs of Agriculture farming.

Salient Features:

  • Age Limit 18 to 65 years
  • Credit availability for 3 years on Revolving basis
  • One-time documentation for 3 years
  • Mark up recoverable biannually.
  • Annual Cleanup.
  • Mandatory Crop Loan Insurance for Wheat, Rice, Sugarcane, Cotton & Maize Crops
  • Secured Loan.

Islamic Banking

This financing facility is designed to facilitate Agricultural Farmers in obtaining Agriculture Production Loans to meet working capital needs of Agriculture farming.

Salient Features:

  • Age Limit 18 to 65 years
  • Financing period Min. Period 6 Months to Max. Period up to One year.
  • Mandatory Crop Loan/Financing Takaful/Insurance Scheme for 5 major crops i.e. Wheat, Rice, Cotton, Maize and Sugarcane

Allied Kashtkar (Tractor Financing)

Conventional Banking

This financing facility is designed to facilitate Agricultural farmers in obtaining Agriculture Development Loans (Term Finance) to purchase brand new Tractor.

Salient Features:

  • Age Limit 18 to 62 Years
  • Loan Tenor: 3 to 5 years
  • Debt to Equity (75:25)
  • Minimum ownership & Cultivation requirement: 5 acres and 12.5 acres respectively.
  • Repayable in Half Yearly installments

Islamic – Banking: “Allied Aitebar Tractor Financing”

This financing facility is designed to facilitate Agricultural farmers in obtaining Agriculture Development Loans (Term Finance) to purchase brand new Tractor.

Salient Features:

  • Age Limit 18 to 62 years
  • Loan Tenor: 3 to 5 years
  • The minimum equity participation by the client is 25 percent of the price of asset.
  • Comprehensive Takaful is to be obtained from Bank’s approved Takaful / Insurance Company and remained insured / Covered throughout the tenor of finance.

Allied Aabayari (Irrigation Solution)

Conventional Banking

Term financing facility for purchase and installation of brand-new electric/solar tube wells, lift pumps & High Efficiency Irrigation Systems.

Salient Features:

  • Age Limit 18 to 62 Years
  • Loan Tenor: 3 to 5 years
  • Debt to Equity (70:30)
  • Minimum ownership & Cultivation requirement:
    • 7 acres for Conventional/Solar Tube Well/pumps
    • 3 acres for High Efficient Irrigation Systems
  • Repayable in Half Yearly installments.

Allied Farm Mechanization

Conventional Banking

Term financing facility for purchase of Agricultural Equipment to be employed for farm mechanization.

Salient Features:

  • Age Limit 18 to 62 Years
  • Loan Tenor: 3 to 5 years
  • Debt to Equity (70:30)
  • Minimum ownership & Cultivation requirement:
    • 5 Acres for Punjab, Sindh & Balochistan
    • 2 Acres for KPK, AJK & GB
  • Repayable in Half Yearly installments.

Allied Tawa’ana

Financing under this Product category will be provided to the established running dairy farms to expand their businesses by developing new farms/sheds, purchase of Animals, and fulfill their daily working capital requirements.

Two types of financing will be extended to dairy farmers, under this product category:

  • Working Capital Finance – Dairy Farming
  • Development Finance – Dairy Farming

Working Capital Finance – Dairy Farming

Short term facility extended for one year, to meet working capital requirement of dairy farms.

Purpose:

  • Purchase of animal fodder and feeds
  • Vaccinations, Vitamins and other medications for animals including artificial insemination
  • Overhead expenses i.e. labor, fuel, electricity etc.
  • Concentrate like cotton seed, cotton seed cake, other additional expenditure, distribution cost, transportation charges on farm milk processing, pasteurization and standardization etc.

Salient Features/Terms and Conditions

  • Applicant must be between 18 to 64 years of age
  • Withdrawal and deposits at any time
  • Markup will be charged on amount utilized / withdrawn (outstanding debit balance)
  • Mark-up recoverable Monthly/Quarterly

Development Finance – Dairy Farming

For Purchase of Dairy machinery & Extension of existing Dairy Farms.

Purpose:

  • Purchase of mature milk yielding buffaloes/cows
  • Purchase of Young animals for rearing for dairy farming
  • Milk storage chilling tanks and milk carrying containers.
  • Purchase of feed grinders, tokas, feed mixing machines and feed/milk containers
  • Utensils for animal feeding, calf feeders, bangles, Rope/ etc Iron chains
  • Construction/procurement of permanent sheds, water tanks, water pump tube well and generators
  • Fencing and Enclosures.

Salient Features/Terms and Conditions

  • Applicant must be between 18 to 64 years of age
  • Monthly/ Quarterly easy installments
  • Tenure of the loan: 1 to 5 years
  • For further details, please call or follow the link.

Allied Murghbaan

facility is designed to cater the financial requirements of the farmers associated with Hatchery and/or Poultry Farming i.e. Broiler & Layer Farming (except Breeder Farming) sector(s). The Bank will provide two type of financing facilities to the established farms based on purpose under each segment.

  • Working Capital Finance – Poultry Farming
  • Development Finance – Poultry Farming

Working Capital Finance – Poultry Farming

Revolving facility against for one year, to meet working capital requirement for a poultry farm.

Purpose:

  • Purchase of Eggs, Birds/Day old chicks
  • Purchase of bird feed and feed raw material
  • Vaccination, vitamin and other medication for poultry birds, saw dust, wood, coal, medicines, water filter cartages
  • Overhead expenses i.e. labor, utility bills, Cost of fuel for generators & vehicles, transportation etc.
  • Any other item required to meet day to day expenses for running Poultry Farm.

Salient Features/Terms and Conditions

  • Applicant must be between 18 to 64 years of age
  • Withdrawal and deposits at any time
  • Markup will be charged on amount utilized / withdrawn (outstanding debit balance)
  • Mark-up recoverable Quarterly.

Development Finance – Poultry Farming

For Purchase of machinery & Extension of existing Poultry Farms.

Purpose:

  • Purchase of Equipment/Machinery for farm & Hatchery
  • Farm construction for broiler, layer, hatchery construction & Silos (concrete & steel)
  • Sheds/semi-controlled sheds/Control sheds, automatic drinkers /tube feeders, generators, ventilators, table eggs storage refrigeration plants
  • Low cost durables like utensils for water/feed, chick guard, spray pumps, fumigants, weighing machines, tubs, water nipples, laying nets, PVC pipes & crates etc.
  • Any other item required for the establishment of poultry industry.

Salient Features/Terms and Conditions

  • Applicant must be between 18 to 64 years of age
  • Monthly/ Quarterly easy installments
  • Credit Availability for 1 to 5 years*

*Tenure for purchase of machinery/equipment cannot exceed useful life of asset

Note: All above loans can be extended against one or more security options, details below:

  • Agriculture Land
  • Urban Property
  • Liquid Securities
  • Hypothecation

Personal & Business Banking Services

Allied Easy Current Account

It’s a current account tailored to meet banking needs of every individual, requiring no service charges on minimum Balance requirement. This account is suitable for customers looking for a simple bank account for day to day transactions.

Features & Benefits:

  • Free of cost issuance of first cheque book of 10 leaves
  • No Service charges on Minimum Balance Requirement
  • Issuance of Debit Card
  • Free Access to myABL Internet Banking

Allied Assan Account

Allied Assan Account is tailored to cater the banking needs of unbanked/common people of society with simplified account opening requirement/ procedures. Customers can open current or saving account according to their needs with free facilities like no minimum balance requirement, 1st cheque book.

Eligibility Criteria

  • Allied Asaan Account is available for:
  • Individuals with valid CNIC numbers
  • Residents of Pakistan

Features and Benefits

  • Flexibility of opening Current or Savings Account
  • Easy account opening process only on provision of ID Document
  • No minimum balance requirement
  • No account maintenance/service charges
  • Allied UPI & PayPak Debit Card
  • FREE issuance of first Cheque Book of 10 leaves

Senior Citizen Account

Current account for senior citizens of 55 years or above having following exclusive features

Exclusive Features*

  • Current account for senior citizens of 55 years or above
  • Free Debit Card for the first year
  • Free cheque book of 50 leaves per year
  • 2 free online transactions per month
  • Free myABL internet banking access
  • Free medical health card
  • Offering up to 30% discounts at labs (Unlimited)
  • Accidental death/disability insurance coverage up to Rs.500,000 (Up to age 69 yrs.)
  • Hospitalization coverage of up to Rs.6,000 per day (Up to age 65 yrs.)
  • Pay Anyone (send cash to any CNIC holder even without any account)
  • No monthly fee on maintaining average balance of Rs.50,000* ( A fee for Additional Services Rs. 140/- will be charged in case of non maintenance)

Allied Youth Account

Current account for individuals aged 18 to 35 years of age having following lucrative features;

Salient Features:

  • Branded Youth Debit Card
  • Free first cheque book of 10 leaves
  • 2 free online transactions per month
  • Corporate Internship Opportunity
  • Free myABL Internet Banking access
  • Free premium access to Vouch365 application
  • Free accidental insurance coverage up to Rs.500,000
  • For further details, please call or follow the link

Allied Business Account

With Allied Business Account, the Bank offers ease, flexibility, and a whole range of free benefits specifically tailored to match all needs of business class customers for their growing businesses. There is no minimum balance requirement for operating this particular account. With Allied Business Account enjoy unlimited freedom and convenience with numerous free best banking services.

Key Benefits

Customers can avail following free benefits:

  • FREE Online Cash Deposit
  • FREE Intercity Clearing / OBC
  • FREE Online Cash Withdrawals
  • FREE First Cheque Book of 10 Leaves
  • FREE Online Account to Account Transfer
  • FREE Cheque / Instrument deposit for clearing / collection by Remote Branch
  • FREE Issuance of Demand Drafts / Allied Banker Cheque (Payable at any branch) / Pay Order / Allied Banker Cheque (Payable at Issuing branch) Call Deposit Receipt
  • FREE Cancellation of Demand Drafts / Allied Banker Cheque (Payable at any branch) / Pay Order / Allied Banker Cheque (Payable at Issuing branch) Call Deposit Receipt
  • FREE Duplicate Issuance of Demand Drafts / Allied Banker Cheque (Payable at any branch) / Pay Order / Allied Banker Cheque (Payable at Issuing branch) Call Deposit Receipt
  • Open an Allied Business Account today and watch your business grow!

Allied Khanum Assan Account

Access to a bank account is essential for women’s economic empowerment as its provides a safe place to save money and opens up a channel to credit which can be used for investing in education, property or in a business etc. Allied Khanum Assan Account is a complete solution of the lifestyle of women needs.

Allied Khanum Assan Account is a PLS account & packed with bundles of free of cost services including the locker rental fee concession.

Eligibility Criteria

  • Khanum Asaan Account is available for:
  • Women with valid CNIC numbers
  • Residents of Pakistan

Features and Benefits

  • Monthly profit on PLS Saving Rate
  • FREE 1st cheque book of 10 Leaves
  • Allied PayPak Debit Card
  • 50% Discount on Locker rent for 1st year (Subject to availability)
  • FREE access to myABL Internet Banking
  • No account maintenance/service charges

Allied Rising Star Account

It’s specially tailored for youngsters below 18 years of age. It can help you save your pocket money and earn daily profit. When you’ve collected enough, there’s so much you can do with your savings; like buy your favourite books with your savings. So, if you’re below 18 years of age, you can open your very own Allied Rising Star – Youth’s 1st Bank Account and have all the fun that goes with it.

Features

  • When you open your account, it’s in your name. You still have to take mummy’s, daddy’s or your guardian’s help to use it – like with:
  • Signatures
  • Taking cash out from the ATM or the Bank
  • General banking activities
  • You can use your account any time – which means you can take money out with your parent’s or guardian’s help, or deposit money yourself, whenever you need to
  • You get 2 accounts when you become an Allied Rising Star. One is your Main Account, which has all the money that ‘you’ deposit in it. The second is called your Wallet Account, in which all your profit is collected
  • Single debit transaction is restricted to Rs, 100,000/- in ARS accounts
  • You get to make ‘daily’ profit. Your profit goes in your Wallet Account everyday, which means your total savings increase everyday. But that’s not all! The Bank gives you Bonus Cash on your profit too.

Features

  • A cash box for you to save money everyday
  • Your first bank account certificate to be the pride of your bedroom wall
  • Your personalized ID card that you can show off to all your friends
  • An exciting gift for you to enjoy at home
  • A Debit Card to use anywhere in the world. This Card will give your parent/guardian access to both your accounts.
  • 2 cheque books – one to go with your Main Account and the second to go with your Wallet Account
  • First FREE cheque book of 10 leaves for both Main and Wallet Accounts
  • Internet Banking facility to access your account from anywhere, any time
  • SMS Alerts for extra convenience
  • Free Insurance Cover of up to Rs. 500,000 in case of any mishap or misfortune

Allied Express Account

You can now receive foreign remittances, with complete peace of mind. Just intimate your account number to your overseas relatives and friends, enabling them to remit directly into your current account.

Allied Express Account is an easy and hassle-free account for the Home Remittance beneficiaries. This account provides you relief in receiving your money without having to go to the bank’s branch.

Salient Features:

  • No requirement of initial balance or to maintain minimum balance
  • This account is fed through remittance received from abroad. No other credit is allowed in this account
  • No Zakat deduction
  • No withholding tax deductions on cash withdrawals through country-wide ATMs or by cheque, at any branch counter
  • Free ATM/Debit Card issuance
  • Free Cheque Book (10-Leaves)
  • 24/7 Phone Banking, and Internet Banking
  • Automatic instant credit of Foreign Inbound Remittances directly to this account
  • Facility to earn higher profit on the remittance amount by the keeping it I Allied Express plus 1 TDR

PLS Saving Account

With Profit & Loss Sharing (PLS) – Saving Account, customers can get all the checking account features with a steady profit rate to grow their savings. PLS saving account offers multitude free banking services by maintaining certain minimum monthly average balances.

More than 1.5 Million Customers have their PLS Saving – Accounts In Allied Bank

  • Free of cost issuance of first cheque book of 10 leaves
  • Allied Bank PLS Savings Account offers a host of free services in the following month on maintaining average balance of Rs. 2.5 Million in a month,
    • Free Issuance of DD/TT/PO/Allied Banker’s Cheque
    • Free online cash deposit /withdrawal & Transfer
  • Exemption of Service Charges on Salary Accounts of institutions under special arrangement with Allied Bank
  • Issuance of Al Debit Card
  • Free Access to myABL Internet Banking

Current Account

Allied Current Account offers exclusive features to various customer segments, who require banking with ease & comfort. ABL Current account offers host of free banking services by maintaining certain minimum monthly average balances.

Allied Express Account is an easy and hassle-free account for the Home Remittance beneficiaries. This account provides you relief in receiving your money without having to go to the bank’s branch.

Features:

  • Allied Bank Current Account offers a host of free services on maintaining a monthly average balance of Rs.250,000/- & above.
  • Free of cost issuance of first cheque book of 10 leaves
  • Free Online Cash Deposit and Withdrawal
  • Free Online Clearing collection by Remote Branch
  • Free Online Balance Enquiry
  • Free Online Printing of Statement of account
  • Free Manual Remittances for Account to Account transfer only & Issuance of DD/TT/PO/ABC/OBC/ Express Collection/Call Deposit Receipt by debit to the Account only from parent branch only
  • Issuance of Debit card as per SOC
  • Free Access to myABL Internet Banking
  • Fees: Monthly Service Charges: Rs. 50/-only if monthly average balance falls below Rs. 25,000/-

Digital Banking Services

myABL Digital Banking

myABL Digital Banking is the new face of Allied Direct Internet Banking. It is the latest internet and mobile banking platform which offers a more secure, reliable and efficient digital banking service that caters to both Retail and Business customers alike. myABL offers:

  • myABL Personal Internet Banking.
  • myABL Business Internet Banking.

myABL Wallet

myABL Wallet is designed to conveniently fulfill wide range of your banking needs without any other conventional bank account. Simply download myABL wallet Application; self-register from anywhere at any time; free of cost and start your ‘Branchless’ banking journey instantly.

For registration, just grab your smartphone along with your valid CNIC

Your mobile number will act as your account number and your smartphone will act as your digital wallet.

Salient Features:

  • Face ID/Biometric Login
  • Easily transfer funds
  • Pay bills
  • Purchase tickets
  • Buy mobile top ups
  • Online shopping
  • Cash Deposit/Withdrawal Services
  • Receive home remittance
  • Upgrade Account
  • Update Personal Information
  • Link/Delink Bank Account
  • Discounts & Offers
  • Generate Account Statement