Akhuwat Loan – Interest-Free Loan – Online Apply Update 2023-24

Akhuwat Loan is a nonprofit organization established in 2001, guided by the Islamic principle of Muwakhat, which promotes solidarity. Its primary goal is to provide interest-free loans to individuals in need, particularly those from the lower-income segments of society.

The Government of Pakistan has partnered with the Akhuwat Foundation to extend the reach of this initiative, making it accessible to all Pakistanis belonging to the impoverished class. The Akhuwat Foundation emphasizes that the commitments made by borrowers are binding and central to its mission.

The core objective of the Akhuwat Foundation is to combat poverty in Pakistan by offering interest-free loans to people nationwide. These loans are specifically designed to empower individuals, particularly those interested in initiating small businesses. Being rooted in Islamic principles, these loans do not accrue interest, making them accessible to a broad spectrum of the population.

If you’re considering starting a small business and are in need of financial support, Akhuwat Loan provides a solution that aligns with Islamic principles and offers the opportunity for individuals to obtain interest-free loans, contributing to the mission of poverty eradication in Pakistan.

Eligibility Criteria for Obtaining a Free Loan from Akhuwat Loan:

  1. National Identity Card: The applicant must possess a valid national identity card.
  2. Non-Business Ownership: The applicant should not currently be engaged in running a business.
  3. Age Range: Applicants must fall within the age range of 18 to 62 years.
  4. Economic Activity: The applicant should be economically active, meaning they are seeking to use the loan for a productive economic purpose.
  5. No Criminal Activity: The applicant must not be involved in any criminal activity.
  6. Good Social Standing & Character: Applicants are expected to demonstrate good social standing and character.
  7. References: The applicant must provide at least two references, which may include family members or senior government officials who can vouch for the applicant’s character and reliability.

اخوت قرض سے مفت قرض حاصل کرنے کے لیے اہلیت کا معیار

قومی شناختی کارڈ درخواست گزار کے پاس ایک درست قومی شناختی کارڈ ہونا ضروری ہے۔

غیر کاروباری ملکیت درخواست دہندہ کو فی الحال کاروبار چلانے میں مصروف نہیں ہونا چاہیے۔

عمر کی حد کے درخواست دہندگان کی عمر 18 سے 62 سال کے درمیان ہونی چاہیے۔

اقتصادی سرگرمی درخواست دہندہ کو معاشی طور پر فعال ہونا چاہیے، یعنی وہ قرض کو پیداواری اقتصادی مقصد کے لیے استعمال کرنا چاہتے ہیں۔

کوئی مجرمانہ سرگرمی نہیں درخواست گزار کو کسی مجرمانہ سرگرمی میں ملوث نہیں ہونا چاہیے۔

اچھا سماجی موقف اور کردار
درخواست دہندگان سے توقع کی جاتی ہے کہ وہ اچھے سماجی مقام اور کردار کا مظاہرہ کریں۔

حوالہ جات درخواست دہندہ کو کم از کم دو حوالہ جات فراہم کرنے چاہئیں، جن میں خاندان کے افراد یا اعلیٰ سرکاری اہلکار شامل ہو سکتے ہیں جو درخواست دہندہ کے کردار اور قابل اعتماد ہونے کی ضمانت دے سکتے ہیں۔

Meeting these eligibility criteria is essential for individuals seeking to access the interest-free loans offered by Akhuwat Loan. These criteria help ensure that the loans are provided to those who genuinely need them and can use them for productive and responsible purposes.

To apply for the Akhuwat Loan Scheme, here are the important steps:

  1. Document Preparation: Gather all the necessary documents required for the loan application.
  2. Visit Nearest Aim Branch: Visit the nearest Akhuwat branch to submit your loan application. These branches are usually local offices or centers where loan applications are processed.
  3. Document Review: The Program Manager will review the documents you’ve provided. If your application meets the eligibility criteria for the 2023 Direct Loan Program, it will be approved.
  4. Application Form Completion: If your application is approved, you will need to complete and submit the approved application form. Akhuwat staff will provide you with the necessary form and assist you in fulfilling any additional requirements.
  5. Final Review: The Program Manager will conduct a final review of all the submitted documents and your application.
  6. Loan Approval: If everything is in order and meets the requirements, your loan will be approved. This process typically takes three to four weeks.
  7. Loan Disbursement Ceremony: Loans are usually granted in a formal ceremony, often held in a mosque or a community gathering place.

دستاویز کی تیاری قرض کی درخواست کے لیے درکار تمام ضروری دستاویزات جمع کریں۔

قریبی مقصد برانچ کا دورہ کریں اپنے قرض کی درخواست جمع کرانے کے لیے قریب ترین اخوت برانچ پر جائیں۔ یہ شاخیں عام طور پر مقامی دفاتر یا مراکز ہیں جہاں قرض کی درخواستوں پر کارروائی کی جاتی ہے۔

دستاویز کا جائزہ پروگرام مینیجر آپ کی فراہم کردہ دستاویزات کا جائزہ لے گا۔ اگر آپ کی درخواست 2023 ڈائریکٹ لون پروگرام کے لیے اہلیت کے معیار پر پورا اترتی ہے تو اسے منظور کر لیا جائے گا۔

درخواست فارم کی تکمیل اگر آپ کی درخواست منظور ہو جاتی ہے، تو آپ کو منظور شدہ درخواست فارم کو مکمل کرنے اور جمع کرانے کی ضرورت ہوگی۔ اخوت کا عملہ آپ کو ضروری فارم فراہم کرے گا اور کسی بھی اضافی ضروریات کو پورا کرنے میں آپ کی مدد کرے گا۔

حتمی جائزہ پروگرام مینیجر جمع کرائے گئے تمام دستاویزات اور آپ کی درخواست کا حتمی جائزہ لے گا۔

قرض کی منظوری اگر سب کچھ ترتیب میں ہے اور ضروریات کو پورا کرتا ہے، تو آپ کا قرض منظور ہو جائے گا۔ اس عمل میں عام طور پر تین سے چار ہفتے لگتے ہیں۔

قرض کی تقسیم کی تقریب قرض عام طور پر ایک رسمی تقریب میں دیے جاتے ہیں، جو اکثر مسجد یا کمیونٹی کے اجتماع کی جگہ پر منعقد ہوتے ہیں۔

These steps outline the process of applying for and obtaining a loan through the Akhuwat Loan Scheme. It’s important to follow these steps diligently to ensure your application is processed smoothly and successfully.

Akhuwat Loan – Interest-Free Loan – Online Apply Update 2023-24

Also Read: https://ehsaasprogrambisp.pk/bisp-beneficiaries-data-portal-latest-2023/

When applying for an Akhuwat Loan, you will need to provide important documents to support your application. These documents are necessary for identification and verification purposes.

Here are the required documents:

For the Applicant:

  1. Copy of your CNIC (Computerized National Identity Card)

For Guarantors (Two Guarantors are Mandatory): 2. Copies of the CNIC of two guarantors

Note on Guarantors:

  • If you have external guarantors, their CNIC copies will be used.
  • If you don’t have external guarantors, the CNIC of any family member may be required.

These documents are essential for the Akhuwat Loan application process. They help in identifying the applicant, verifying information through the management information system, and facilitating the loan recovery process for the bank.

Akhuwat Loan Apply Online:

If you wish to apply online for an Akhuwat Loan, you can follow these steps:

  1. Visit the official Akhuwat website.
  2. Download the application form.
  3. Complete the application form, providing detailed information about why you need the loan.
  4. Submit the application to the nearest Akhuwat office in your area.

اخوت کی آفیشل ویب سائٹ وزٹ کریں۔
درخواست فارم ڈاؤن لوڈ کریں۔
آپ کو قرض کی ضرورت کے بارے میں تفصیلی معلومات فراہم کرتے ہوئے درخواست فارم کو مکمل کریں۔
درخواست اپنے علاقے کے قریبی اخوت آفس میں جمع کروائیں۔

After you submit the application, Akhuwat staff will review it and guide you on the further steps. They will also review all the necessary documents required for loan approval. Following this process, you can proceed with your loan application online with the guidance of Akhuwat.

If you wish to apply for a loan from Akhuwat, there are certain criteria and considerations to keep in mind:

Property Requirement:

  • You should possess a five marla plot on which you intend to construct a house.
  • The plot must be at least three hundred and sixty square yards in size to be eligible for their housing loan program.

Evaluation and Investigation:

  • Akhuwat may conduct an evaluation and investigation of your application.
  • They may inquire about your character and background, ensuring that you are not involved in illegal or unethical activities.
  • They will assess your ability to repay the loan, which includes examining your monthly income.

Loan Amount:

  • The maximum loan amount that can be provided by Akhuwat is up to PKR 500,000 under their Shariah-compliant product.

Eligibility Criteria:

  • To be eligible for an Akhuwat loan, you must have a valid CNIC (Computerized National Identity Card).
  • You should be between 18 and 62 years old.
  • You must be economically active, indicating your capacity to initiate or operate a business.

Loan Eligibility:

  • The maximum loan amount you can obtain from any lender, including Akhuwat, is typically determined by factors such as your income, credit score, job stability, and existing debts.

Akhuwat’s loan programs aim to support the economically disadvantaged and deserving families by providing interest-free loans. The specific terms and conditions may vary depending on the product and project’s needs, and the repayment period typically ranges from 13 to 60 months. If you meet the specified criteria and are interested in an Akhuwat loan, you can contact them to initiate the application process.