New Akhuwat Free Home Loan Scheme Open

Akhuwat Foundation's interest free loan program is for Pakistani citizens and can apply all over Pakistan. The amount limit of different loan products varies though it varies from Rs 50000 to Rs 150000. Application fee is 200 except agriculture which has no application form Rs.First step for loan, a man gets interest free loan from Qard Hasan Akhot Foundation loan application form and after downloading write the required equipment and Send it to your nearest AIM branch. The Unit Manager verifies your loan application and reviews any additional information that may be required and verifies that all documents were required for loan approval.

Credit Items Advertised

There are different items through which Point gives interest free credits which are customized to address explicit issues of the borrower. These items are framed underneath:

Products

Family Enterprise Loan

Agriculture Loan

Liberation Loan

Housing Loan

Education Loan

Health Loan

Marriage Loan

Emergency Loan 

Family Venture Credit

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

Span: 10 - three years

Benefit Rate: 0%

Loan cost: None

Beginning Application expense: Up to Rs. 200

Post Endorsement Application charge: None

Shared Help Asset Commitment: Discretionary 1% of credit sum

Agribusiness Credit

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

Length: 4-8 months

Profit Rate: 0%

Loan Fees: None.

Application Initiation Cost: None.

Application Charge After Verification: None.

Joint Support Asset Commitment: Discretionary 1% of credit amount

Freedom Advance

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

Span: 10 three years

Benefit Rate: 0%

Loan cost: None

Beginning Application expense: Up to Rs. 200

Post Endorsement Application charge: None

Shared Help Asset Commitment: Discretionary 1% of credit sum.

Join us on Whatsapp

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 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 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

Loan process

Eligibility criteria for loans

Applicant must have a valid CNIC.

Eligibility to run/start a business activity between the ages of 18-62 years.

Applicant should be economically active.

The applicant must not have been convicted of any criminal offense for which proceedings are pending.

The applicant must have a good social and moral character in his community.

The applicant should be able to provide two guarantors apart from the family.

The applicant should be a resident of the operational area of the branch office which may be around 2-2.5 km radius.

Note:- Project specific eligibility criteria may vary.

Application Accommodation

The advance interaction will begin with the accommodation of utilization. The application charge might shift from one plan to another. The unit director will then, at that point, assess the application through qualification rules. In this way, these advances will be given out on friendly guarantee. The accompanying advances will be continued in application accommodation.

Candidate will visit closest Point branch alongside his/her important reports (referenced beneath) for accommodation of credit application.

Unit supervisor will examine with the candidate to check whether candidate falls under qualification models of the plan.

Potential up-and-comer will submit credit application on endorsed structure. Credit application will be given and filled by Point staff in branch office.

Unit administrator will check archives and application will be handled after finishing of required records.

Personal responsibility

2. Two guarantors