Last Updated on: 30th May 2024, 05:23 pm
Ehsaas Akhuwat Interest Free Loan Scheme 2024
The Akhuwat Foundation offers Akhuwat Ehsaas Program Interest Free Loan Scheme 2024 all across Pakistan. All Pakistani men and women who want to start their own businesses can apply for a loan from the Akhuwat Foundation any Pakistani man or woman over 18 years old can apply for an Akhuwat Interest Free Loan Scheme 2024.
Akhuwat Loan, established in 2001, is a non-profit organization rooted in the Islamic principle of Muwakhat, which signifies solidarity. The organization’s primary mission is to extend interest-free loans to individuals in need, including those who aspire to initiate small businesses.
Akhuwat Loan represents an Islamic financing option that does not involve interest charges, making it a viable choice for those seeking financial assistance without incurring interest-based debts. In this article, we will provide comprehensive information on how to access and utilize this unique lending opportunity.
The Akhuwat Foundation (www.akhuwat.org.pk) has more than 800 branches in Pakistan. Visit an Akhuwat office, and fill out and submit the form.
Akhuwat Loan Scheme 2024 Details
- Akhuwat Family Enterprise Loan
- Akhuwat Kisan loan
- Akhuwat Liberation loan
- Akhuwat home loan
- Akhuwat student loan
- Health Loan
- Marriage Loan
- Akhuwat Emergency Loan
Akhuwat Family Enterprise Loan 2024
Those who want to start a new business can also get loans, and those who want to get loans to stabilize or expand the business can also get the Akhuwat Interest Free Loan Scheme 2024.
- Loan amounts from 10,000 to 50,000
- Loan repayment: 10 to 36 months
Akhuwat Kisan Loan 2024
These loans are given to small farmers. Those who have private land can also borrow, and those who have leased land can also borrow without interest. Loans can be taken out to cover expenses and purchase various items.
- Loan amounts from 10,000 to 50,000
- Loan repayment: 4 to 8 months
Also Read: Prime Minister Kamyab Pakistan Loan Scheme 2024 (Interest Free)
Akhuwat Liberation Loan 2024
This loan is granted to people who have taken out a loan from a bank or financial institution with interest. The objective of the loan is to take the candidate out of the interest system and make it easier
- Loan amounts from 10,000 to 1 lakh
- Loan repayment: 10 to 36 months
Akhuwat Home Loan 2024
The aim of the mortgage loan is to finance the candidates. Renovation of houses, installations of buildings, rooms, ceilings, and walls. This loan is given only to poor working-class families. This loan is granted only for the construction of a house of 5 marlas.
- Loan amounts from 30,000 up to one lakh
- Loan repayment: up to 36 months
Akhuwat Student Loan 2024
The purpose of student loans is to provide students with an interest-free loan to cover their education costs. This loan is only given to students whose parents are poor and working-class and who cannot afford the cost of their studies. This loan is only given to students who are enrolled in a master’s program.
- Loan amounts from 10,000 to 50,000
- Loan repayment: 10 months to 24 months
Akhuwat Foundation Health Loan 2024
It is given to the poor who are seriously ill and cannot receive treatment.
- Loan amounts from 10,000 to 50,000
- Loan repayment: 10 months to 24 months
Akhuwat Foundation Interest Free Loan For Marriage in Pakistan
This loan is given to poor people who want to marry their sister or daughter. Loans for jewelry and wedding furniture.
- Loan amounts from 10,000 to 50,000
- Loan repayment: 10 months to 24 months
Akhuwat Foundation Emergency Loan 2024
This loan is given to those in need of emergency money. The candidate is granted an interest-free loan on immediate and favorable terms.
- Loan amounts from 10,000 to 50,000
- Loan repayment: 10 months to 24 months
Akhuwat Loan Helpline Number
The Akhuwat Foundation can be contacted at this helpline number: 042-111-448-464
Akhuwat Loan Scheme 2024 Online Apply
The Akhuwat Loan Scheme for 2024 online registration has recently been unveiled. If you’re interested in applying, we’ll provide you with a step-by-step guide on how to do so. Particularly, if you’re looking to construct a house on a five-marla plot, you might be wondering how much you can secure as a loan. This article aims to provide you with all the essential information regarding this.
To begin the online registration process, please visit the official website. Download the application form and proceed to fill it out thoroughly. In your application, elucidate why you require this loan and provide a detailed description of your intended use. Clarity is key to making your application comprehensible. Once your application is complete, submit it to the nearest AIM office in your vicinity.
Following the submission, your application will undergo a review process. You will receive further instructions and details regarding the necessary documents for loan approval.
To be eligible for an Akhuwat loan, you must meet certain criteria. If you intend to construct a house on a five-marla plot, the plot’s area should be at least three hundred and sixty square yards. During the application process, the organization may also conduct inquiries, and investigations, and reach out to your neighbors for reference.
In addition to property requirements, your citizenship status, moral character, and lack of involvement in any unethical or illegal activities will be taken into account. Furthermore, your ability to repay the loan will be evaluated based on your monthly income.
The AIM lending policy primarily revolves around the disbursement of interest-free loans through group lending. The naming convention for your project depends on its specific requirements and purpose.
In order to apply online for Akhuwat Loan Scheme 2024, you can visit the mentioned below link:
Akhuwat Loan Online Application
Eligibility Requirements for a Free Loan
To qualify for a free loan, applicants need to meet the following eligibility criteria:
1. Possession of a Valid Identification Card:
– The applicant must possess a valid government-issued identification card.
2. Non-Business Activity:
– The applicant should not be engaged in any active business ventures and must fall within the age range of 18 to 62 years.
3. Economic Activity:
– The applicant must demonstrate economic activity, indicating their capability to engage in loan repayment.
4. Clean Criminal Record:
– Applicants must not have any involvement in criminal activities, ensuring a clean legal record.
5. Good Social Standing and Character:
– Prospective borrowers are expected to have a good social reputation and exhibit sound character.
6. Provision of References:
– The applicant is required to provide a minimum of two references, which may include family members and senior government officials who can vouch for the applicant’s credibility.
Important Documents for Loan Application:
When applying for a free loan, you will need to submit the following essential documents:
1. Copy of CNIC (Computerized National Identity Card) – Front and Back.
2. CNIC copies of two guarantors are mandatory.
3. If you have external guarantors, you must provide their CNIC copies.
4. In the absence of external guarantors, you can submit the CNIC of a family member.
These requirements are essential to ensure a smooth and transparent loan application process.
Also Read: (Bila Sood Qarza) Prime Minister Interest-Free Loan Scheme 2024 Online Apply in Pakistan
I need help plzzz
i need loan
I need business loan
I need help