Alkhidmat Foundation HBL Personal Loan Scheme

HBL is the first bank in Pakistan to tie up with Ahwat, which has a significant customer base and network to reach people across the country. The project will improve the lives of millions of people in Pakistan and is in line with the vision of the Government of Pakistan (GOP) to provide affordable housing to the underprivileged sections of the society through the Pakistan Naya Housing and Development Authority (NADA).

NADA is a unique institution created by the Government of the Republic and is the largest public assisted housing program ever. Commenting on this strategic partnership, HBL President and CEO Muhammad Aurangzeb said: “This agreement furthers the bank's financial inclusion agenda by financing cost-effective, sustainable housing units for the previously disadvantaged sections of the country. It will help to move forward.

To provide interest-free microfinance services to poor families so that they can become self-reliant.

Promoting interest-free loans (Qarad Hasna) as a viable model and a broad-based solution for poverty alleviation.

To transform beneficiaries of the Alkhidmat Mawakhat Program into future Donors.

To institutionalize the spirit of brotherhood.

To contribute towards the establishment of a socially responsible community through awareness, enrollment, and training.

Ahuwat unique microfinance program (Akhuwat Bank Personal Loan Scheme) has received many accolades in Pakistan and abroad. Its innovative approach to fighting poverty has been researched and studied at universities around the world. Ahuwat Islamic Microfinance is supported by the federal government and the provincial governments of

• Punjab
• Sindh
• Balochistan
• Khyber Pakhtunkhwa
• Gilgit-Baltistan
• Azad Kashmir

Akhuwat HBL Bank Personal Loan Scheme Categories

Loan for a family business

Agricultural loan

Liberation Loan

Home loan

Education loan

Health loan

Marriage loan

Emergency loan

Akhuwat HBL Bank Personal Loan Scheme Agricultural loan

Loans for agricultural purposes

Small farmers are eligible for these loans.

A person who owns private land and leases the land can borrow without interest.

Loans are available to cover expenses and purchase various items

Loan amount from 10 thousand to 50 thousand.

Maturity: 4 to 8 months

Objectives

Providing interest-free microfinance services to poor families to enable them to become self-reliant.

Promotion of interest-free loans (Qarz-e-Hasana) as a viable model and broad-based solution to poverty alleviation.

Providing social mentoring, capacity building, and business training.

Converting beneficiaries of Al-Khidmat Muawiya program into future donors.

All City Check

Tharparkar

Khairpur

Ghotki

Kashmore

Hyderabad

Badin

Nawabshah

Mirpurkhas

Sukkur

Larkana

Sanghar

Tando Muhammad Khan

Naushero Feroze

Thatta

Haripur

Charsada

Malakand

Battagram

Peshawar

Bunir

Dir Lower

Gilgit

Karachi

Lahore

Wazirabad

Faisalabad

Multan

Bhawalpur

Gujrat

Islamabad

Rawalpindi

Mirpur AJK

hbl personal loan scheme home loan scheme | Akhot HBL Personal Loan Scheme

Home loans serve the purpose of providing financing to potential home buyers.

Repair of houses, buildings, rooms, roofs and walls

Only poor working families are eligible for this loan.

The maximum loan amount for this project is five marla.

The loan amount is from 30 thousand to 1 lakh.

Maturity: Up to 36 months

hbl Personal Loan Scheme For Education

Educational loans provide interest-free student loans, allowing them to cover their educational expenses.

Poor or working-class students whose parents cannot afford tuition costs are eligible for this loan.

Students from Matric to Masters’s are eligible for these credits.

Loan amount is from 10k to 50k.

The loan repayment period is from 10 to 24 months.

How to Apply for Akhot HBL Bank Personal Loan Scheme

Akhot HBL Bank Personal Loan Scheme loan process will start with application. Application fees may vary from scheme to scheme. The Akhut Foundation Branch Manager will check the complete details of the application after reviewing it against the eligibility criteria. Thus these loans will be issued under Social Security. Following steps will be followed while applying.

The applicant will visit the nearest AIM branch and their relevant documents (mentioned below) to apply for the loan.

The Unit Manager will discuss with the applicant whether the applicant meets the eligibility criteria of the scheme.

Prospective candidates will apply for the loan in the prescribed form. Akhot Foundation official will submit personal loan application of Akhot HBL Bank only.

The Unit Manager will check the documents, and the application will be processed after completing the required documents.

Personal liability

Two guarantors

Postdated cheques

Additional security in exceptional cases.