INSTALLMENT PLAN FOR BANK ALFALAH CREDIT CARD HOLDERS ONLY
Empowering customers with instant installment flexibility.
With Alfa Buy Now - Pay Later (BNPL), eligible customers can scan a QR code at participating merchants and split their purchases into easy monthly installments.
How It Works
Scan
Scan the merchant's QR code using the Alfa app.
Select Your Plan
Select your preferred installment plan from the available tenures.
Confirm
Confirm the transaction and complete your purchase.
Pay Later
Pay your purchase in convenient monthly installments according to the selected plan.
Installment Plan Options
| Tenure | Processing Fee | Markup |
|---|---|---|
| 3 Months | 6% | 0% |
| 6 Months | 10% | 0% |
| 9 Months | 13% | 0% |
| 12 Months | 18% | 0% |
| 18 Months | 18% | 7% |
Highlights
Zero markup for plans up to 12 months
Instant approval at point of sale
No documentation required
Convenient tracking through the Alfa app dashboard
Scan & Pay with Alfa QR
Terms and Conditions
- Pay in installments option by scanning QR will only be available for eligible credit card customers.
- Installments are available for transactions above PKR 3,000.
- The credit card limit equal to the transaction amount will be locked for the selected tenure.
- Customer will receive confirmation SMS.
- No markup will be charged.
- Processing fees may apply according to the selected installment plan.
Frequently Asked Questions
The processing fee depends on the selected installment tenure:
- 3 Months – 5.5% of the total transaction amount
- 6 Months – 8% of the total transaction amount
- 9 Months – 10% of the total transaction amount
- 12 Months – 12% of the total transaction amount
The fee is calculated on the full transaction value at the time of installment conversion.

