Akhuwat Loan Scheme - Akhuwat Loan Online Application - Akhuwat Foundation Contact Number - Akhuwat Home Loan - Akhuwat Interest-Free Loan

Akhuwat Foundation's free loan program is for people with Pakistani citizenship and can apply all over Pakistan. Different loan products have different money range although it varies from 50000 to 150000 Rupees. The price of the application is 200 except agriculture which doesn't have any application form rupees The first step for the loan, a man gets the interest free loan Akhuwat Foundation loan application form from Qard-e-Hasan and after the Download writes down the required stuff and sends it to the AIM branch near your home. The unit manager verifies your loan application and reviewed any additional information that may be required and verifies that all documents were necessary for loan approval.

 

LOAN PRODUCTS OFFERED

There are various products through which AIM provides interest-free loans which are tailored to meet the specific needs of the borrower. These products are outlined below:

Products

Family Enterprise Loan

Farm Loan

Liberation Loan

Housing Loan

Education Loan

health loan

Marriage Loan

Emergency Loan

Family Enterprise Loan

Range: From Rs. 10,000 to Rs.50,000

Duration: 10 – 36 months

Profit Rate: 0%

Interest Rate: None

Initial Application fee: Up to Rs. 200

Post Approval Application fee: None

Mutual Support Fund Contribution: Optional 1% of the loan amount

Farm Loan

Range: From Rs. 10,000 to Rs 50,000

Duration: 4-8 months

Profit Rate: 0%

Interest Rate: None

Initial Application Fee: None

Post Approval Application fee: None

Mutual Support Fund Contribution: Optional 1% of loan amount

Liberation Loan

Range: From Rs. 10,000 to Rs.100,000

Duration: 10-36 months

Profit Rate: 0%

Interest Rate: None

Initial Application fee: Up to Rs. 200

Post Approval Application fee: None

Mutual Support Fund Contribution: Optional 1% of loan amount

Housing Loan

Range: From Rs. 30,000 to Rs.100,000

Duration: Up to 36 months

Profit Rate: 0%

Interest Rate: None

Initial Application Fee: Up to Rs. 200

Post Approval Application fee: None

Mutual Support Fund: Optional 1% of the loan amount

Education Loan

Education Level: Post Matriculation up to Masters

Range: From Rs. 10,000 to Rs. 50,000

Duration: 10 – 24 months

Profit Rate: 0%

Interest Rate: None

Initial Application Fee: Up to Rs. 200

Post Approval Application fee: None

Mutual Support Fund Contribution: Optional 1% of the loan amount

health loan

Range: From Rs. 10,000 to Rs. 50,000

Duration: 10 – 24 months

Profit Rate: 0%

Interest Rate: None

Initial Application Fee: Up to Rs. 200

Post Approval Application fee: None

Mutual Support Fund Contribution: Optional 1% of loan amount

Marriage Loan

Range: From Rs. 10,000 to Rs.50,000

Duration: 10 – 24 months

Profit Rate: 0%

Interest Rate: None

Initial Application fee: Up to Rs. 200

Post Approval Application fee: None

Mutual Support Fund Contribution: Optional 1% of loan amount

Emergency Loan

Range: From Rs. 10,000 to Rs. 50,000

Duration: 10 – 24 months

Profit Rate: 0%

Interest Rate: None

Initial Application Fee: Up to Rs, 200

Post Approval Application fee: None

Mutual Support Fund Contribution: Optional 1% of the loan amount

 

 Akhuwat Loan Scheme - Akhuwat Loan Online Application - Akhuwat Foundation Contact Number - Akhuwat Home Loan - Akhuwat Interest-Free Loan - Akhuwat Foundation Loan Scheme

LOAN PROCESS

Eligibility Criteria for Loans

Following general points are compulsory for eligibility of loan:

Applicant should have valid CNIC.

Having the ability to run/initiate business activity having age between 18-62 years.

Applicant should have the capacity to provide two guarantors other than family members.

The applicant should be a resident of the operational area of ​​the branch office which might be around a 2-2.5 KM radius.

Application Submission

The loan process will start with the submission of the application. The application fee may vary from scheme to scheme. The unit manager will then evaluate the application through eligibility criteria. Thus, these loans will be given out on social collateral. The following steps will be followed in application submission.

The applicant will visit the nearest AIM branch along with his/her relevant documents (mentioned below) for submission of the loan application.

The Unit Manager will discuss with the applicant to check whether the applicant falls under the eligibility criteria of the scheme.

The potential candidate will submit a loan application on the prescribed form. Loan applications will be provided and filled by AIM staff in the branch office.

The unit manager will check documents and the application will be processed after completion of the required documents.

1. Personal responsibility

2. Two guarantors

3. postdated checks

4. Any additional collateral in the special cases.

 

 Akhuwat Loan Scheme - Akhuwat Loan Online Application - Akhuwat Foundation Contact Number - Akhuwat Home Loan - Akhuwat Interest-Free Loan - Akhuwat Foundation Loan Scheme

PRIME MINISTER’S LOW-COST HOUSING SCHEME

Salient Features of the Scheme are as follows:

Financing size up to Rs. 500,000/-

The repayment period is from 13 to 60 months. Early repayment will be welcomed.

The average monthly rental amount is up to Rs. 10,000/-

Financing will be given for the following purposes:

Entire New Construction or Lanter for a new house.

Addition of rooms, kitchen & bathroom etc.

Renovation & upgrade.

The application processing fee will be zero.

Eligibility Criteria for Low-Cost Housing Scheme

To be eligible under the said scheme, the applicant must meet the following criteria of having;

Valid CNIC

Age up to 60 years

Applicant must be the owner of the land/house

Valid ownership title or evidence of land/house (may include Registry, Inteqal, Fard, Allotment letter, or any other valid evidence deemed appropriate)

Land size of 5 Marla or less or covered area which is not more than 1,360 sqft.

Good social and moral character in the community

Monthly household income up to Rs. 60,000.

Residence in the operational area of ​​AIM's branch.

Should have a clear credit history (if any).

 

Akhuwat All Branches List

Click  here

 

Akhuwat Loan Contact Number

042-111-448-464

 

 

Online Apply: Click Here

Click here

 

Akhuwat Loan Scheme - Akhuwat Loan Online Application - Akhuwat Foundation Contact Number - Akhuwat Home Loan - Akhuwat Interest-Free Loan - Akhuwat Foundation Loan Scheme