If you’re thinking about getting a loan from the Akhuwat Foundation, you’re in the right place. You can easily apply online for loans ranging from Rs. 500,000 to Rs. 50 million, all from the comfort of your home. Akhuwat Foundation offers five types of loans: Personal, Student, Wedding, Business, and Car Loans.
In 2024, Akhuwat Foundation Loan brought back its interest-free home loan program. You can borrow between Rs. 100,000 and Rs. 6.5 million. Loans up to Rs. 100,000 are completely interest-free, while loans above that have a very low 0.001% interest rate, which may increase slightly to 0.002% under the home loan scheme. To be eligible, you must be a Pakistani citizen between the ages of 24-70, living below the poverty line (with a poverty score under 30), and have a workable business plan. The program will launch in 30 days, and the Akhuwat Foundation ensures that no fees or payments are required before signing the loan agreement.
Akhuwat Personal Loan
Akhuwat Foundation offers personal loans up to Rs. 2.5 million, with the loan amount depending on your income, debt-to-income ratio, credit score, and employment status. Applicants must be between 24 and 60 years old. You can check the status of your loan by logging into the Akhuwat Foundation website or sending “Hi” to 03466923708 on WhatsApp.
According to the latest updates, any Pakistani citizen with a valid CNIC can apply. You can visit your nearest Akhuwat branch, call the helpline at 03466923708, or apply online. To start your application, dial 03466923708 from your prepaid number.
How to Apply for an Akhuwat Loan Online
Follow these simple steps to apply for an Akhuwat loan online:
- Visit the Official Website
Go to the Akhuwat Foundation’s website: https://akhuwat.loan/ - Register
Sign up using your phone number. The registration process takes just 2 minutes. - Submit Your Application
After completing your registration, click the “Submit” button to apply for the loan. Once approved, the funds will be transferred directly to your bank account.
Akhuwat Foundation offers fast funding, allowing you to receive your loan on the same day. You can also choose your preferred funding date, giving you full control of the process.
Required Documents for Akhuwat Loan Application
- Selfie: A recent, clear photo of yourself.
- Proof of Identity: CNIC or driver’s license.
- Proof of Address: Passport, rental agreement, or a recent utility bill.
- Proof of Income: Bank statements or salary slips from the last 6 months.
Akhuwat Foundation Loan Options for 2024
The Akhuwat Foundation offers a range of loan programs designed to meet various financial needs:
- Personal Loans: Manage unexpected expenses such as medical bills or home repairs with flexible repayment terms and low interest rates.
- Home Loans: Borrow up to Rs. 50 million to buy, refinance, or build a home.
- Car Loans: Get financing for new or used vehicles with competitive rates.
- Education Loans: Financial support for students pursuing their education in Pakistan or abroad.
- Loans Against Property: Use your property as collateral for larger financial needs.
- Special Loan Programs: Tailored options for senior citizens, retirees, and government employees.
With Akhuwat’s instant business loan approval process, you can access funds in as little as 5 seconds, making borrowing quick and hassle-free.
Akhuwat Home Loan
Akhuwat Loan in Pakistan offers home loans for buying, constructing, or renovating residential properties. If you’re seeking quick financial assistance, the Akhuwat Home Loan provides a seamless application process, ensuring you get the funds you need promptly. This service is perfect for those in urgent need of a loan in Pakistan.
The Akhuwat Foundation in Pakistan offers home loans for buying, building, or renovating residential properties. The application process is straightforward, ensuring a fast disbursal of funds, whether for purchasing a new home or undertaking renovations.
Akhuwat Business Loan
Akhuwat Foundation offers a range of business loans tailored to support small and medium-sized enterprises (SMEs). These loans include the Digital MSME Working Capital Loan, designed to assist businesses with their daily operations. Loan amounts range from Rs. 5 lakhs to Rs. 7 crores, with an annual review conducted every 12 months. often without the need for collateral for eligible accounts. Applicants need to provide ID, bank statements, and business details. These business loans have competitive interest rates, starting at 0.001% to 0.002% per annum, with minimal documentation requirements.
Akhuwat Foundation Marriage Loan
Akhuwat Foundation offers wedding loans designed to cover all your wedding-related expenses, ensuring your special day unfolds just as you imagined. You can borrow between PKR 5 lakh and PKR 60 lakh with flexible repayment terms ranging from 10 to 36 months. These loans are unsecured, meaning no collateral is required, and you can enjoy quick disbursal—often within 24 hours if you’re an existing customer.
Akhuwat Car Loan
Akhuwat Foundation offers car loans with interest rates starting as low as 1% per annum. With up to 100% on-road funding, they make it easier for you to purchase your dream car. The Foundation provides flexible loan tenures, allowing you to select a repayment period that best suits your financial situation. The application process is simple, requiring minimal documentation, and ensures quick loan disbursement. Akhuwat also offers pre-approved car loans for both new and used vehicles, making it easy to drive away in your dream car without hassle.
Akhuwat Personal Loans
Akhuwat Foundation offers personal loans of up to Rs. 25 lakhs. The maximum loan amount you can receive depends on factors like your income, debt-to-income ratio, credit score, and employment status. The eligible age range for these loans is 24 to 60 years.
Akhuwat Loan Scheme 2024
Akhuwat Foundation is renowned for its interest-free loan model, ensuring that borrowers only repay the principal amount without any additional fees or interest charges. This model is designed to ease the financial burden on low-income communities in Pakistan. Here are some key points about their loan offerings:
- Interest-Free Loans: Akhuwat Foundation provides various types of interest-free loans to support low-income communities, promoting financial inclusion and empowerment.
Why Choose an Akhuwat Loan?
Akhuwat Foundation is a unique loan provider in Pakistan, offering ethical, Akhuwat interest-free loans (Qarz-e-Hasna) aimed at supporting those in need. Unlike traditional banks, Akhuwat focuses on social welfare, not profit. They offer loans for various purposes, such as business, education, and healthcare, with no hidden charges or processing fees. Applications are managed both online and in-person at local branches, creating a community-focused approach. Akhuwat’s mission is to alleviate poverty by providing accessible, transparent, and cost-free financial support.
Get an Akhuwat Loan Without Interest
One of the standout features of Akhuwat loans is that they are entirely interest-free. Based on the Islamic principle of Qarz-e-Hasna, Akhuwat promotes social solidarity by providing loans that help borrowers avoid the burden of interest payments.
Akhuwat Penalty Policy
- No Late Payment Penalties
We understand that unexpected events can impact your ability to make timely payments. Therefore, we do not impose any penalties for late payments. We are committed to working with you to find solutions for your financial situation. - No Prepayment Penalties
If you can repay your loan earlier than planned, we encourage you to do so. Our loans do not have prepayment penalties, allowing you to save on interest and pay off your debt sooner without incurring additional charges. - Flexible Repayment Options
We offer flexible repayment options to meet your financial needs. Whether you need to adjust your payment schedule or extend your loan term, we are here to assist you without any penalties. - No Fees and No Hidden Charges
We prioritize transparency and honesty in all our dealings. Our loan agreements come with no hidden charges, fees, or surprise costs. From the start, you will know exactly what to expect. - Low Interest Rate
Our loans are offered at a competitive interest rate of just 1%. This low rate helps you manage your repayments comfortably without undue financial strain.
Disclaimer:
The information about Akhuwat Foundation’s loan services is for general informational purposes only. While we strive to keep the details accurate and up-to-date, loan terms, eligibility requirements, and application processes may change. Please verify the latest information and conditions directly with the Akhuwat Foundation before applying for any loan. We are not responsible for any inaccuracies or changes in the loan offerings.
FAQs for Akhuwat Foundation Loans
- How will I know if my Akhuwat loan is approved?
You can check the status of your Akhuwat loan application by visiting the official website. Once your loan is approved, the funds will be disbursed to your bank account within a few hours. - Is the Akhuwat Foundation legitimate?
Yes, Akhuwat Foundation is a genuine loan provider. It offers personal loans ranging from Rs. 1 lakh to Rs. 5 crore with loan terms from 1 to 10 years. Akhuwat Foundation is affiliated with HBL Bank and has a strong reputation, with a 5-star rating from Ehsas Program Guides. The organization has been in operation for 15 years and holds an “A” rating from the Better Business Bureau. - What is the loan limit at Akhuwat Foundation?
Akhuwat Foundation offers interest-free loans starting from Rs. 50,000 up to Rs. 1 crore, available for application online. - How quickly will I receive my Akhuwat loan after approval?
Once your loan is approved, the funds are typically transferred to your bank account within a few hours. - What types of loans does the Akhuwat Foundation offer?
Akhuwat Foundation provides various loan options, including personal, home, car, education, and business loans, catering to a wide range of financial needs.