Amazing information about HBL Akhuwat Loan 2023
HBL Akhuwat Loan 2023. HBL Akhuwat Loan Scheme 2023 Application Form Download. Akhuwat HBL Bank Personal Loan Scheme is a financial initiative designed to help financially disadvantaged people who lack the resources to obtain loans from traditional financial institutions.
This scheme is a joint venture between Akhuwat Foundation and HBL Bank, which aims to provide a financial safety net for people living below the poverty line.
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Detail of HBL Akhuwat Loan 2023:-
Akhuwat HBL Bank’s Personal Loan Program provides unsecured loans to individuals who meet the eligibility criteria. Eligibility criteria include a minimum age of 18, Pakistani citizenship, and a monthly income of less than PKR 25,000. Applicants must provide two guarantors who meet the eligibility criteria and are willing to vouch for their financial responsibility.
The loan amount ranges from PKR 10,000 to PKR 100,000, and the repayment period is 12-18 months. The loan is interest-free and the borrower only has to pay a one-time service fee of PKR 500. This service fee is used to cover the administrative costs associated with the loan.
Under Akhuwat HBL Bank’s Personal Loan Scheme, eligible individuals can apply for interest-free loans of up to PKR 100,000. The loan can be used for a variety of purposes, such as education, healthcare, home improvement, or starting a small business. The loan is interest-free, which means borrowers only have to pay the principal amount.
Eligibility of Scheme:-
- Have a monthly income of less than PKR 25,000
- Be a resident of Pakistan
- Have a national identity card (DNI)
- Have a guarantor who can provide collateral for the loan
- The loan is repayable in a period of 12 to 18 months, with equal monthly installments. The scheme charges a nominal service fee of PKR 500, which is deducted from the loan amount.
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