Alliance i-Wish Home Financing-i

    Alliance i-Wish Home Financing-i is a Shariah-compliant financing solution based on the concept of Bai Bithaman Ajil. The facility is provided for financing a completed residential property or a residential property that’s under construction. You can also use this scheme to refinance an existing mortgage facility.

    Margin of Financing
    • Up to 90% + 5% Mortgage Reducing Term Takaful (MRTT) and/or financed entry cost.
    • Max 70% MOF for Cashline Facility-i.
    Type of Financing Term loan
    Loan Tenure 35 years or 70 years of age, whichever is earlier.
    Profit Rate Variable rate pegged to Base Rate.

    Features and Benefits

    • Get a waiver on stamp duty when you refinance from a conventional loan to Islamic financing.
    • Get rate protection from the increase in BR with capped ceiling rates.
    • No setup and maintenance fees are charged.

    Fees and Charges

    Set up Fees NA
    Stamp Duty Waived
    Early Settlement Fees Up to 3% of the approved financing amount.
    Late Payment Charges
    • Before maturity: 1% on the arrears.
    • After maturity: Islamic Interbank Money Market (IIMM) on outstanding balance.


    Age Requirement 21 years and above.

    How to Apply

    Online Application
    • Go to the bank’s official website.
    • Under the ‘Financing’ tab, click on ‘Mortgage-i’.
    • Select i-Wish Home Financing-i.
    • Click on ‘Apply Now’.
    • Fill up the form provided with your personal information.
    • A bank representative will get back to you as soon as possible.
    Branch Application
    • Go to the nearest Alliance Bank branch.
    • Express your interest to apply for i-Wish Home Financing-i.
    • A bank representative will assist you with the application process.
    Telephonic Application
    • Get in touch with Alliance Bank by calling 03-5516 9988 or 1-300-80-3388.
    • A bank representative will assist you with the application process.

    Alliance i-Wish Home Financing-i is ideal for those who are looking to buy a new home. This facility comes with high finance margin and also gives you the option to refinance from a conventional loan to Islamic financing. Before applying for this scheme, go through the product disclosure sheet.


    Q. What is the range for effective profit rates?

    A. The effective profit rate ranges from Base Rate + 0.54% p.a. to Base Rate + 1.6% p.a.

    Q. What does the valuation fee include?

    A. The valuation fees will include the charges for preparing a valuation report for completed properties.

    Q. What are the modes that I can use to pay off my monthly instalment?

    A. You can pay your monthly instalment in the following ways:

    • By using Interbank GIRO (IBG)/Instant Interbank Funds Transfer (IBFT) via ATM or internet banking.
    • By using your Alliance Current Account/Savings Account via Alliance Online Banking or Standing Instruction (SI).
    • At any Alliance Bank branch.

    Q. Do I need to take takaful coverage with this scheme?

    A. Fire takaful coverage is compulsory with this loan. Though MRTT is optional, it is advisable to take an MRTT policy.

    Q. What is ceiling profit rate?

    A. The ceiling profit rate is the maximum all-in rate chargeable for the financing scheme. The effective profit rate will always be lower than the ceiling profit rate.

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