Akhuwat Foundation: Empowering Communities through Interest-Free Loans
Akhuwat Foundation offers a unique opportunity to individuals and communities in Pakistan through its interest-free loan programs. These loans help people achieve their goals and improve their lives without the burden of interest.
How to Apply for an Akhuwat Loan:
1. Visit the Akhuwat Foundation website and navigate to the “Interest-Free Loans” section.
2. Choose the right loan program for you (e.g., family enterprise, education, health).
Check if you meet the eligibility criteria:
- Pakistani citizen
- Valid CNIC
- Proof of income
- Ability to repay the loan
Prepare required documents:
- CNIC copy
- Proof of residence
- Proof of income
- Business plan (if applying for a business loan)
1) Fill out the application form online or visit the nearest Akhuwat branch.
2) Submit the application and required documents.
3) Akhuwat staff may contact you for an interview or verification.
4) If approved, attend a meeting to sign the loan agreement and receive the loan amount.
5) Repay the loan in installments as agreed upon.
Loan Type
| Loan Type | Rupee Range in PKR | Duration | Application Fee in PKR |
|---|---|---|---|
| Family Enterprise | 10,000 to 50,000 | 10 to 36 Months | 200 |
| Agriculture | 10,000 to 50,000 | 04 to 08 Months | Not |
| Liberation Loan | 10,000 to 100,000 | 10 to 36 Months | 200 |
| Akhuwat Housing Loan | 30,000 to 100,000 | Up to 36 Months | 200 |
| Education | 10,000 to 50,000 | 10 to 24 Months | 200 |
| Health | 10,000 to 50,000 | 10 to 24 Months | 200 |
| Marriage | 10,000 to 50,000 | 10 to 24 Months | 200 |
| Emergency | 10,000 to 50,000 | 10 to 24 Months | 200 |
| Equipment and build School | 25,000 to 150,000 | Up to 36 Months | 200 |
Akhuwat Loan Offices in Pakistan:
Akhuwat Foundation has offices across Pakistan. Find your nearest office in:
- Punjab
- Sindh
- Khyber Pakhtunkhwa
- Balochistan
Visit the Akhuwat Foundation website for more information and to apply online.
Family Enterprise Loan
– Loan Amount: Rs. 10,000 to Rs. 50,000
– Loan Duration: 10 to 36 months
– Profit Rate: 0% (no profit or interest charged)
– Interest Rate: None (interest-free loan)
– Fees:
– Initial Application Fee: Up to Rs. 200
– Post Approval Application Fee: None
– Mutual Support Fund Contribution: Optional, 1% of loan amount
Agriculture Loan
– Loan Amount: Rs. 10,000 to Rs. 50,000
– Loan Duration: 4 to 8 months
– Profit Rate: 0% (no profit or interest charged)
– Interest Rate: None (interest-free loan)
– Fees:
– Initial Application Fee: None
– Post Approval Application Fee: None
– Mutual Support Fund Contribution: Optional, 1% of loan amount
Liberation Loan
– Loan Amount: Rs. 10,000 to Rs. 100,000
– Loan Duration: 10 to 36 months
– Profit Rate: 0% (no profit or interest charged)
– Interest Rate: None (interest-free loan)
– Fees:
– Initial Application Fee: Up to Rs. 200
– Post Approval Application Fee: None
– Mutual Support Fund Contribution: Optional, 1% of loan amount
Education Loan
– Eligibility: Students who have completed post-matriculation education up to Master’s level
– Loan Amount: Rs. 10,000 to Rs. 50,000
– Loan Duration: 10 to 24 months
– Profit Rate: 0% (no profit or interest charged)
– Interest Rate: None (interest-free loan)
– Fees:
– Initial Application Fee: Up to Rs. 200
– Post Approval Application Fee: None
– Mutual Support Fund Contribution: Optional, 1% of loan amount
FAQs:
Akhuwat Loans: Types and Application Process
What types of loans does Akhuwat offer?
– Family Enterprise Loans
– Liberation Loans
– Agriculture Loans
– Health Loans
– Education Loans
Who can apply for an Akhuwat loan?
– Pakistani citizens
– Valid CNIC holders
– Those with proof of income
– Those who can repay the loan
How to apply for an Akhuwat loan?
– Fill out the online application form on the official website
– Visit a nearby Akhuwat branch and submit a physical application
Required documents:
– CNIC copy
– Proof of residence
– Proof of income
– Business plan (if applying for a business loan)
– Any other specified documents
Loan approval process:
– Verification takes a few days to weeks
– Depends on the completeness of the application
Interest on Akhuwat loans:
– None, Akhuwat loans are interest-free
Repayment schedule:
– Typically monthly
– Agreed upon during loan approval
– Terms and duration depend on loan type and amount
Can I apply for another loan?
– Yes, after repaying previous loans
– Approval based on repayment history and current financial situation”