Akhuwat HBL New Personal Loan Scheme
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Welcome to HBL Personal Loan Review, a loan facility that provides financial assistance whenever you need it. Whether you want to finance your dreams or need help in tough times, this loan can be the perfect solution for you.
HBL Personal Loan
offers a financing range between PKR 25,000 to PKR 3,000,000 and a reimbursement residency of 12 to 60 months. You additionally approach top-up office and consideration of life inclusion like clockwork.
To make it even easier for you
HBL offers quick and hassle-free personal loans through its mobile application. You can get a loan just by signing up on the HBL mobile app. The advantages of this loan are that it is simple, paperless, and convenient.
To be eligible for this loan, you must be a salaried individual whose salary is being deposited in the HBL account. You should be 21 years or above at the time of loan application and 60 years or below at the time of loan maturity.
This loan features a highly subsidized markup rate of 9%, maximum financing up to PKR 10 million, no collateral required, quick and easy loan processing, minimal documentation, and a complete financing solution.
To apply for a loan, you need to provide an attested copy of your CNIC, an attested copy of your salary slip, and a letter from your employer (if applicable).
If you have any general queries about HBL Personal Loan, you can check the eligibility criteria. You are eligible to apply for HBL Personal Loan if you fall under any of the following categories: Existing HBL Personal Loan customers with excellent repayment history, and Salary Transfer customers earning more than PKR 15,000 per month and their salary has been transferred. An HBL account. Terms and conditions apply.
The Government of Pakistan in collaboration with Pakistan Poverty Alleviation Fund (PPAF) and Partner Organizations (POs) has launched an interest-free loan scheme under which low-income families with a poverty score card of up to 40 will get Rs. Interest-free loans up to 50,000. There is a steering committee that oversees the entire project. Under the Prime Minister's Interest Free Loan (PM-IFL) scheme, a total amount of Rs. 3.5 billion has been provided to PPAF and PPAF has distributed this fund to partner organizations. In this regard, Brotherhood of Islamic Microfinance (AIM) has been selected as a partner organization by PPAF.
Eligibility Criteria:
- Applicant having the proper business plan.
- Applicant having Poverty Score Card up to 40.
- Having age between 18- 60 years.
- Applicant should have valid CNIC.
- Applicant should be economically active.
- Applicant should not be convicted of any criminal offence in lieu of which proceeding are in progress.
- Applicant should have good social and moral character in his community.
- Applicant should have capacity to provide two guarantors other than family members.
Salient Features of Project:
Interest free loan facility is only for certain UCs which are reserved as per NFC rules.
The maximum loan size will be PKR. 50,000
A person with a poverty score card of 0-40 will be provided with a loan.
Loans are disbursed to mosques/churches to ensure transparency and participation.
There is no markup or interest on these loans.
Loans are disbursed on first come first serve basis after screening and evaluation as per eligibility criteria.
LOAN PRODUCTS OFFERED
There are various products through which AIM provides interest free loans that are tailored to meet the specific needs of the borrower. These products are described below:
Products :
- Agriculture Loan
- Liberation Loan
- Housing Loan
- Education Loan
- Health Loan
- Marriage Loan
- Emergency Loan
Akhuwat Family Enterprise Loan 2023
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 loan amount
Akhuwat Agriculture Loan 2023
Range: Rs.10,000 to Rs.50,000
Duration: 4-8 months
Profit Rate: 0%
Interest Rate: None.
Initial Application Fee: None.
Application Fee After Approval: None.
Mutual Support Fund Contribution: Optional 1% of loan amount
Akhuwat Liberation Loan 2023
Limit: Rs.10,000 to Rs.100,000
Duration: 10-36 months
Profit Rate: 0%
Interest Rate: None.
Initial Application Fee: Up to Rs. 200
Application Fee After Approval: None.
Mutual Support Fund Contribution: Optional 1% of loan amount
Akhuwat Health Loan 2023
Limit: Rs.10,000 to Rs.50,000
Duration: 10-24 months
Profit Rate: 0%
Interest Rate: None.
Initial Application Fee: Up to Rs. 200
Application Fee After Approval: None.
Mutual Support Fund Contribution: Optional 1% of loan amount
Loan process
- Applicant should have valid CNIC.
- Having the ability to run / initiate business activity having age between 18-62 years.
- Applicant should be economically active.
- Applicant should not be convicted of any criminal offence in lieu of which proceeding are in progress.
- Applicant should have good social and moral character in his community.
- Applicant should have capacity to provide two guarantors other than family members.
- Applicant should be resident of operational area of branch office which might be around 2-2.5 KM radius.
- Note: – Project specific eligibility criteria may be varied.
