Hello friends, today we will discuss Ehsaas Akhuwat Marriage Loan. Loans without interest are available from many organizations in Pakistan. However, this post will discuss some of the most popular organizations working to help the poor in Pakistan.
Akhuwat is the name of this company. It is the largest Islamic microfinance organization in Pakistan that offers a variety of interest-free loans to poor people to help them start small businesses.
Under section 42 of the Securities & Exchange Commission of Pakistan, Akhuwat is a non-profit organization established in 2001.
Akhuwat Foundation Interest-Free Organization
The organization’s CEO is Dr. Amjad Saqib. In this article, we will discuss Marriage Loan in Pakistan. For those who find it difficult to arrange the necessary funds for their children’s wedding ceremony, the Akhuwat Foundation offers an interest-free Marriage Loan. People Take a loan from Akhuwat.
People with Pakistani citizenship are eligible for the Akhuwat interest-free program, which is available across the country. While the amount ranges from 50000 to 150000 rupees for different loan products, there are differences in the amount of money available.
Akhuwat Foundation Marriage Loan In Pakistan?
To obtain the loan, a person must obtain an application form for an Akhuwat loan from Qard-e-Hasan, write down all the requested information and submit it to the AIM branch nearest the borrower’s residence.
If any additional information is required for the loan to be approved, the unit manager will review it and verify that all documents are required.
The microfinance bank could not provide the funding for the child’s marriage. However, you can repay your loan from Akhuwat Foundation in affordable monthly installments after taking out loans. You can read more about the product features of a wedding loan.
The following features are included in the wedding loan product:
- Range: From Rs10000 to 50000 Rupees.
- Duration of Installment: 10 to 24 Months.
- Profit Rate: 0% (None)
- Interest Rate: None
- Initial Application fee: Only 200 Rupees.
- Post Approval Application fee: None.
- Mutual Support Fund Contribution: Optional 1% of the loan amount.
Akhuwat Micro Finance Bank provides loans between 10,000 and 50,000 with a repayment period of 10 to 24 months. In this way, you will be able to repay this loan in installments easily.
A profit rate of 0 is applicable on this loan, as well as an interest rate of 0 (None). This loan application must be completed. This form requires a fee of 200 rupees at the time of submission. After the loan has been approved, there will be no fees. This loan is subject to an optional 1% Mutual Support Fund Contribution.
How We Get Loan Akhuwat Foundation Marriage Loan?
Akhuwat Foundation has 802 branches in Pakistan. To apply for a Marriage loan from the Akhuwat Foundation, go to your nearest branch and submit your original documents, such as your CNIC, a witness or a member of your family, an electricity bill, and your passport-sized photograph.
Once you have reached the branch, please inform the branch staff that you would like to obtain a Personal Loan for a Marriage in Pakistan. You will receive support from the branch staff.