Akhuwat Loan Scheme 2022 Online Apply | Akhuwat Loan Form Download

Akhuwat Foundation’s interest-free loan program is for people with Pakistani citizenship who can apply all over Pakistan. Different loan products have different money ranges although it varies from 50000 to 150000 Rupees. The price of the application is 200 except for agriculture which doesn’t have any application form rupees The first step for the loan, a man gets the interest free loan Akhuwat Foundation loan application form from Qard-e-Hasan and after the Download writes down the required stuff and sends it to the AIM branch near your home. The unit manager verifies your loan application and reviewed any additional information that may be required and verifies that all documents were necessary for loan approval.

How To Apply For Akhuwat Loan Scheme 2022 Complete Guide

Akhuwat Loan Scheme 2022 Online Apply, how much loan can you get From Akhuwat Foundation, how many monthly payments do you have to pay, how many years can you take out a loan, and what are the conditions for getting a loan? Read this article till the end. Here is a complete guide available on Akhuwat Loan Scheme 2022. Also, share with your friends and family anyone interested in building their own house in 2022. They can benefit from this program.

Download the application form and write a complete application and describe full details about this akhuwat loan apply online share the purpose of the loan; want to build a home or start a business required items and send to the AIM office near your home. The unit manager will review your loan application, discuss any additional information that may be necessary, and review all documents required for loan approval.

Lending methodology

1. AIM’s lending policy includes issuing interest-free or Qard-e-Hassan loans through group lending.
2. Individual lending
3. However, the decision on the lending methodology depends on the loan product and the specific requirements of the project.

Group lending

Group lending involves issuing Qard-e-Hassan loans to groups of men and women who want to increase their family income but cannot do so due to a lack of resources. In the methodology of group lending, groups of 3 to 6 members will be formed, and all members of the group will guarantee each other’s loans and powers.

Group lending allows group members to solve their social and economic problems through mutual understanding and decision-making. Before applying for a loan, the applicant must form a group of 3-6 people living near each other, and the members must not be close relatives. of each other.

Application Submission – Akhuwat loan apply online

The akhuwat loan application online process will begin with an application. Application fees may vary from scheme to scheme. The division manager will then evaluate the application against eligibility criteria. Thus, these loans will be issued under social security. The following steps will be followed when applying.

1. The applicant will visit the nearest AIM branch and their relevant documents (mentioned below) to apply for a loan.
2. The unit manager will discuss whether the applicant meets the scheme’s eligibility criteria with the applicant.
3. A potential candidate applies for a loan in the prescribed form. The loan application will be submitted and completed by the AIM staff at the branch.
4. The unit manager will check the documents, and the application will be processed once the required documents have been completed.
5. Below are details of the collaterals that can be applied to loans

1. Personal liability
2. Two sureties
3. Overdue checks
4. Any additional security in a special case.

Akhuwat Loan Eligibility Criteria- akhuwat loan application form online 2022

The following items are mandatory for a loan to an eligible male:

1. The applicant must have the original CNIC
2. The applicant must run a business and be between the ages of 18 and 62.
3. Applicant must be economically active.
4. The applicant cannot be convicted of any criminal activity
5. Candidates are of good social status and character
6. The applicant has provided at least 02 guarantors, even if he belongs to a family person
7. The applicant’s place of residence must remain within a radius of 2 or 2.5 km from the branch office.
8. Akhuwat eligibility criteria for a loan are subject to change at any time.

Family Enterprise Loan

• Range: From Rs. 10,000 to Rs.50,000
• Duration: 10 – 36 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 the loan amount

Agriculture Loan

• Range: From Rs. 10,000 to Rs 50,000
• Duration: 4-8 months
• Profit Rate: 0%
• Interest Rate: None
• Initial Application fee: None
• Post Approval Application fee: None
• Mutual Support Fund Contribution: Optional 1% of the loan amount

Liberation Loan

• Range: From Rs. 10,000 to Rs.100,000
• Duration: 10-36 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 the loan amount

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 the loan amount

Education Loan

• Education Level: Post Matriculation up to master
• 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 the 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 the 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 the 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
• Mutual Support Fund Contribution: Optional 1% of the loan amount

Ramzan Office

If you are unemployed. you are worried about Iftar and Sehri rations in Ramadan, we will tell you. If you are eligible, you can get rations for Ramadan from an akhuwat foundation that will provide you with Ramadan rations for free. I will give you full details of what you need to do to join this ration program.