Akhuwat HBL New Personal Loan Scheme

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 avail loan by just signing up on 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 a certified copy of your CNIC, a certified 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 whose salary has been transferred. An HBL account. Terms and conditions apply.

The Government of Pakistan in collaboration with the Pakistan Poverty Alleviation Fund (PPAF) and Partner Organizations (POs) has launched an interest-free loan scheme under which low-income families with a poverty scorecard of up to 40 will get Rs. 50,000 interest-free loan. 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 rupees have been provided to PPAF and PPAF has distributed this fund to partner organizations. In this regard, the Brotherhood of Islamic Microfinance (AIM) has been selected as a partner organization by PPAF.

Eligibility Criteria:

The applicant has a suitable business plan.
The applicant has a poverty scorecard of up to 40.
Whose age is between 18 to 60 years.
Applicant must have valid CNIC.
Applicants should be economically active.
The applicant must not have been convicted of any criminal offense for which proceedings are pending.
The applicant must have good social and moral character in his community.
The applicant should have the ability 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 a 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
How to Apply for Student Loan Scheme 2023
You need to follow the steps given below.

Go to the link given below.
Click on the application form.
Download the application form.
Fill out the application form.
Complete the next process.
Submit the Application form or required documents to your nearest NBP bank branch.

Students Loan Scheme – Details of Eligibility Criteria
Under the Scheme, monetary help is given via Interest-Free Loans to worthy understudies who have monetary limitations for seeking after their investigations in Scientific, Technical, and Professional schooling inside Pakistan.

Application form

The Scheme is being regulated by a powerful panel involving the Deputy Governor, State Bank of Pakistan, Presidents of the business banks, and delegate of the Ministry of Finance, Government of Pakistan.
Akhuwat Family Enterprise Loan 2023
Range: Rs.10,000 to Rs.50,000
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 Agriculture Loan 2023
Limit: 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 must have valid CNIC.
Ability to run/start a business activity between the ages of 18-62 years.
Applicant should be economically active.
The applicant must not have been convicted of any criminal offense for which proceedings are pending.
The applicant must have good social and moral character in his community.
The applicant should have the ability to provide two guarantors other than family members.
The applicant should be a resident of the operational area of the branch office which may be around 2-2.5 km radius.
Note:- Project-specific eligibility criteria may vary.

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