Akhuwat HBL Interest Free Loan Scheme
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Akhuwat HBL Interest Free Loan Scheme
The main vision of Akhut Kran is to fight poverty in Pakistan. His continued efforts led to the establishment of a low-income credit program called Ikhwat (Islamic Microfinance) in 2023. This program is dedicated to helping our poor communities throughout the Islamic world.
For Pakistanis to develop their stores and businesses, Akhot Foundation created the Akhot Loan Program for 2023. For the past 15 years, he has been regularly providing interest-free emergency loans to people.
How to Apply for Akhot Home Loan Scheme 2023
In Akhot Loan Scheme 2023 online application, how much can you get if you want to build a 5 marla house. What are the monthly payments, how long can you borrow, and what are the terms and conditions for getting a loan?
Akhot Loan Scheme 2023 is explained in this comprehensive guide. Additionally, share it with friends and family who want to build their homes by 2023
So, send your required items to your nearest AIM office. If additional information is required, the Unit Manager will discuss this with you. All documents required for approval will be reviewed by the Unit Manager.
Lending Method for Brotherhood Loans
Group lending is one of AIM's lending policies, which include interest-free or credit loans.
What is the process of submitting a sibling loan application?
To apply for a loan, you need to fill out an application. Fees may vary depending on the scheme. A loan is granted to a person who meets the eligibility criteria. In this case, the loan will be covered by social security
When applying, follow these steps:
To avail the loan, an applicant will need to bring his/her relevant documents (listed below) to the AIM branch:
A unit manager will discuss the applicant’s eligibility with them.
A candidate applies for a loan in the prescribed format. AIM staff at the branch will submit and complete the loan application.
An application will be processed once all documents have been verified by the unit manager.
Here is a list of collateral that can be used to secure loans:
Personal responsibility
No less than two sureties
Overdue Checks
Additional security in a specific case.
Akhot Foundation Social Assessment Contact No
During social vetting, an applicant's residence is visited to verify his identity and credibility. An application is followed by a social assessment by the unit manager.
Existing borrowers’ information
Based on the applicant’s lifestyle
A neighbor’s opinion about the applicant
Interviews with family members or individuals
Branches will have their own Loan Approval Committees (LAC). The committee is headed by a regional manager and the members include heads of departments and a branch manager. It is responsible for reviewing all credit cases. The loan is given after the committee approves the claim. Generally, this process takes about three to four weeks to complete.
Details of Akhot Loan Scheme and its Head Office
Loan Approval Committee (LAC) approves loans. Funds requested by regional managers. Additionally, disbursements require the transfer of funds to the headquarters bank account.
Area Accountants are notified after funds are transferred to their accounts. Checks of approved applicants drawn by the District Accountant.
Loan Repayment Of Akhuwat Scheme 2023
Payment will take place once a month at a church or mosque event. A guarantor must accompany the applicant when applying for an individual loan. A group loan disbursed when all members are present.
Payment will take place with each person present. During the borrower’s absence, the loan may not issued.
In case of repayment, every borrower brings their original CNIC.
The borrower will receive a check for the amount of the loan.
A check confirmation required from each borrower.
Funds will be disbursed by the Regional Manager.
Social Leadership Brotherhood Scheme Loan 2023
Distribution activities are organized along with learning about social leadership. Having more capacity will enable lenders to perform their tasks more efficiently and effectively. In particular, they will be able to follow ethical principles.
The social agenda includes the following items:
The importance of educating girls
Providing services to the community at large
Environmental protection and improvement
Plantations have an important role to play
Observance of traffic laws and local ordinances
Maintaining the highest standards of ethical behavior in business
Akhuwat Loan Eligibility Criteria- Akhuwat Loan Application Form Online 2023
An original CNIC must be provided by the applicant
You must be between 18 and 62 years old and run a business.
Economic activity required of all applicants.
No criminal convictions can found against the applicant
The candidates have a good background and character
A minimum of two guarantors required, even if they are family members
Applicants must live within 2 to 2.5 kilometers of the branch office.
A loan application’s eligibility criteria may changed at any time by Akhuwat.
How To Get A Loan? What Are The Conditions?
How much money borrowed, who will take it, what conditions will apply, etc.? Here is a website that you can view. So, this is a link for you to check out Akhuwat Loan Process. Download the Akhuwat Loan Scheme 2023 application form and apply online if you want to build a house.
