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How to apply for Akhuwat loan scheme online – Loan Schemes

How to apply
for Akhuwat loan scheme online

How to apply for Akhuwat loan scheme online

 

Akhuwat foundation
is an organization and was founded by Dr. Amjad Saqib in 2001. Akhuwat provides
interest free loan program for the Pakistani people and everyone who is eligible
to this program can apply all over in Pakistan. Different loan products have
different money range although it varies from 50000 to 150000 Rupees.

Akhuwat Loan scheme 2022

Submit the
application form which is available in 200 rupees except agriculture which
don’t have any application form.

Akhuwat Loan
Online form download

The first
step for the loan, download the interest free Akhuwat Foundation loan
application form from and fill up the required information about you and send
it to the AIM branch near your home. After submission, the unit manager
verifies your loan application and all the documents which is compulsory for
loan approval.

Read New Business Ideas in Pakistan with Low Investment

Loan Products
offered by Akhuwat

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

 

Family
Enterprise Loan

  • Range: From
    Rs. 10,000 to Rs.50,000
  • Duration: 10
    – 36 months
  • Profit Rate:
    0%
  • Interest
    Rate: None
  • Mutual
    Support Fund Contribution: Optional 1% of loan amount

 

Agriculture
Loan

  • Range: From
    Rs. 10,000 to Rs 50,000
  • Duration:
    4-8 months
  • Profit Rate:
    0%
  • Interest
    Rate: 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • Mutual
    Support Fund Contribution: Optional 1% of loan amount

Note:

  1. Initial
    application fee of Rs, 200 is received for all these loan except agricultural
    loan.
  2. Post approval
    application fee is 0 for all these loans

 

Eligibility
Criteria for Loans

Eligibility
requirements of loan is:

  1. Applicant should
    have valid CNIC.
  2. Applicant
    should have the ability to run/initiate business activity.
  3. Applicant’s
    age should between 18-62 years.
  4. Applicant
    should have capacity to provide two guarantors. (Other than family members)
  5. Applicant
    should be resident of operational area of branch office which might be around 2
    or 2.5 KM radius.

 

Required documents to be submitted with Loan application

 

Akhuwat Loan Scheme 2022
Akhuwat Loan Scheme 2022



Submission of
application

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

The applicant
should follow these steps in application submission.

  • Applicant should
    visit his/her nearest AIM branch along with his/her relevant documents
    (mentioned below) for submission of loan application.
  • Unit manager
    will discuss with the applicant to check whether applicant falls under
    eligibility criteria of the loan scheme.
  • Potential
    candidate will submit loan application on prescribed form. Loan application
    will be provided and filled by AIM staff in branch office.
  • Unit manager
    will check all the documents are submitted by the applicant and application will
    be processed after completion of required documents.

 

Akhuwat Loan
Contact Number

042-111-448-464

 

Akhuwat Loan
Apply Online

Read also How to Apply for Ehsaas Interest Free Loan Program?

 

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