PM Youth Loan Scheme 2025 Online Apply – A Complete Step-by-Step Guide
In 2025, the Government of Pakistan has occasionally captured a praiseworthy step to authorize allure citizens, specifically the idle minority, by initiating the Prime Minister Youth Business and Agriculture Loan Scheme (PMYBALS). This drive offers funding for a project of until PKR 7.5 heap to aspiring contractors and narrow trade holder the one wish to start or extend their trades.
Let’s dive into the details and learn how you can benefit from this scheme, who is eligible, and how to apply, step by step.
What is the PM Youth Loan Scheme?
The Prime Minister Youth Loan Scheme is a administration-supported drive proposed at lowering unemployment and advancing enterprise across Pakistan. This blueprint is available two together people of community from all provinces, containing AJK and Gilgit-Baltistan.
The loan is repayable in smooth weekly installments over 8 age, and the first 6 months are completely interest-free, giving new trades period to base themselves before repayments start.
Loan Categories: Tier-Based System
The scheme is divided into three tiers based on the loan amount:
| Tier | Loan Range | Interest Rate |
|---|---|---|
| Tier 1 | Up to PKR 500,000 | 0% (Interest-Free) |
| Tier 2 | PKR 500,001 – PKR 1,500,000 | 5% Annual |
| Tier 3 | PKR 1,500,001 – PKR 7,500,000 | 7% Annual |
The focus of this article is on Tier 2, where individuals can apply for loans between PKR 500,001 and PKR 1.5 million.
Key Features of the Scheme
- Loan Amount: Up to PKR 7.5 million (depending on the tier)
- Repayment Tenure: 8 years (96 months)
- Grace Period: First 6 months – no repayment required
- Collateral: Depending on the loan size and bank requirements
- Application Mode: Entirely online – no physical documents required
Who Can Apply?
Eligible Individuals:
- Pakistani nationals with a valid CNIC
- Residents of any province or territory in Pakistan
- Individuals aged 21–45 (18+ for IT/e-commerce sectors)
- Those looking to start a new business or expand an existing one
Not Eligible:
- Government employees
- Overseas Pakistanis (non-residents)
Participating Banks
Loans under this scheme are disbursed through the following major banks:
- Bank of Punjab (BOP)
- National Bank of Pakistan (NBP)
- Askari Bank
- Habib Bank Limited (HBL)
- Bank of Khyber
Among these, BOP, NBP, and Askari Bank are often recommended due to better user experience and faster processing.
How to Apply for the PM Youth Loan Scheme
Step 1: Visit the Official Website
Head over to the official portal: https://pmyp.gov.pk
Step 2: Use the Loan Calculator (Recommended)
Before applying, use the built-in loan calculator to estimate your:
- Monthly installment
- Total interest
- Full repayment amount
Example: If you borrow PKR 1,000,000 for 8 years (under Tier 2 at 5% interest), your:
- Monthly installment ≈ PKR 12,660
- Total repayment ≈ PKR 1,215,352 (including markup)
- First 6 months: No payment required
Step 3: Start the Application
Click on “Apply for Loan” and begin the 9-step application process.
You will need to provide:
- CNIC number and issuance date
- Select loan tier (e.g., Tier 2 for PKR 500,001 – 1,500,000)
- Personal, business, and financial details
- Select a bank for loan processing
- Upload relevant documents (e.g., business plan, CNIC image)
Important Tips Before You Apply
- Ensure your CNIC is valid and up to date
- Prepare a basic business plan or idea
- Choose a reliable bank with good customer service
- Be honest and accurate in all your application details
- Double-check all entries before submission
Tracking Your Application
After submission, you can track your application’s status by clicking on “Track Application” on the PMYBALS homepage using your CNIC and mobile number.
