Akhuwat Loan- Interest Free Loan – Online Apply 2023
Contents
Akhuwat Loan- Interest Free Loan – Online Apply 2023
Introduction
Akhuwat is a non-profit microfinance organization that provides interest-free loans to the poor in Pakistan. The organization was founded in 1996 by Dr. Muhammad Amjad Saqib, who is also the current CEO. Akhuwat has disbursed over $1 billion in loans to over 2 million borrowers.
Eligibility Criteria
To be eligible for an Akhuwat loans, you must:
- Be a Pakistani citizen
- Be between the ages of 18 and 60
- Have a regular source of income
- Own a home or land
- Be able to provide collateral
Loan Amounts and Terms
Akhuwat loans range from Rs. 5,000 to Rs. 500,000. The terms of the loan are up to 10 years.
Interest Rates
Akhuwat loans are interest-free.
Application Process
To apply for an Akhuwat loan, you can visit your nearest Akhuwat branch or apply online. You will need to provide the following documents:
- Your CNIC
- Proof of income
- Proof of address
- Collateral
Documentation
Once you have been approved for a loan, you will need to provide the following documents:
- A copy of your CNIC
- A copy of your bank statement
- A copy of your utility bill
- A copy of your loan agreement
Repayment Process
You will repay your loan in monthly installments. The amount of your monthly payment will be based on the amount of your loan and the terms of your loan.
Benefits of Akhuwat Loans
Akhuwat loans offer a number of benefits, including:
- Interest-free loans
- Flexible terms
- No collateral required
- Easy application process
- Transparent repayment process
Conclusion
Akhuwat loans are a great option for low-income individuals and families who need financial assistance. The loans are interest-free, have flexible terms, and no collateral is required. The application process is easy and the repayment process is transparent. If you are looking for a loan, Akhuwat is a great option to consider.
Apply online here for Akhuwat Loans
Akhuwat Loan- Interest Free Loan – Online Apply 2023
| Name | Description | Amount | Interest Rate | Eligibility | How to Apply |
|---|---|---|---|---|---|
| Akhuwat Loan | Akhuwat is a non-profit microfinance organization that provides interest-free loans to the poor in Pakistan. The loans are used to start or expand businesses, build homes, or pay for education. | Up to PKR 500,000 | 0% | To be eligible for an Akhuwat loan, you must be a Pakistani citizen and have a household income of less than PKR 25,000 per month. You must also be a member of a community-based organization (CBO) that is affiliated with Akhuwat. | To apply for an Akhuwat loan, you must first contact your local CBO. The CBO will then assess your eligibility and help you complete the application process. |