Akhuwat Loan Scheme Online Apply 2023-24

Are you a resident of Pakistan looking for financial assistance to improve your life or expand your business? Akhuwat Loan Scheme, a unique financial program, has been serving the people of Pakistan by providing interest-free loans to those in need. This article will guide you through the application process for Akhuwat Foundation Loan 2023, offering a chance to uplift your life.

Akhuwat Loan Scheme: Empowering Lives

The Akhuwat Loan Scheme is a lifeline for many individuals in Pakistan. It offers interest-free loans to deserving and underprivileged people, enabling them to fulfill various needs, from education and healthcare to starting a business or housing. This visionary initiative embodies the principles of unity and equality, fostering positive social and economic change in the country.

The Birth of Akhuwat Loan Foundation

Akhuwat Loan is an initiative backed by a microfinance bank established in Pakistan in 2001. Its mission is to eradicate poverty in the nation and enhance the lives of marginalized communities. This noble endeavor has played a pivotal role in supporting socio-economic development and fostering inclusivity.

Who Can Benefit from Akhuwat Loan?

The Akhuwat Loan primarily targets the low-income sections of society that have limited access to formal financial services. This includes people who wish to meet their educational expenses or fulfill other financial needs. To be eligible for an Akhuwat loan, you must meet specific criteria:

  1. Identity Card: You must possess a valid identity card.
  2. Proximity: You should reside within a 2.5-kilometer radius of an Akhuwat Microfinance Bank branch.
  3. Age: Applicants should be between 18 and 62 years old.
  4. Guarantors: You must provide two guarantors who are not family members.
  5. Character and Morality: Tenants should have a good social and moral character in society.
  6. Criminal Record: Applicants must not be involved in any criminal activities or have pending cases.
  7. Character Certificate: A police clearance character certificate is required.

Required Documents for Akhuwat Loan Application

When applying for an Akhuwat Loan, you’ll need to submit the following documents:

  1. Copies of CNIC: Both the applicant’s and guarantors’ Computerized National Identity Cards.
  2. Household Bills: Documents proving residence, such as gas or electricity bills.
  3. Marriage Certificate: If applicable.
  4. Guarantors’ Information: Character certificates for the guarantors.

Types of Akhuwat Loans

Akhuwat Loan offers two types of loans:

  1. Group Landing: In this approach, a group of three to six individuals forms a borrowing unit. These members live near each other but are not necessarily relatives. Group members collectively guarantee each other’s loans and credentials.
  2. Individual Landing: Individual Landing is designed for those who meet the eligibility criteria and wish to borrow on a personal basis. To avail of this option, the applicant must provide two guarantors who vouch for timely loan repayment.

The Application Process

To apply for an Akhuwat Loan, follow these steps:

  1. Research: Gather information about the loan schemes and programs that interest you.
  2. Documentation: Prepare the necessary documents required for your chosen loan type.
  3. Find a Branch: Locate your nearest Akhuwat Loan Microfinance Bank branch and set an appointment.
  4. Application Form: Obtain and complete the Application for Loan form provided by the Loan officer.
  5. Submission: Submit your Akhuwat loan application along with all the required supporting documents.
  6. Review: The loan officer will review your application and assess your eligibility based on the submitted documents and information.
  7. Approval: If you meet the eligibility criteria, you will receive the loan amount within a few days or according to the program’s timeline.

Loan Tenure

The Akhuwat Loan Scheme offers a range of Shariah-compliant products with repayment periods ranging from 13 to 60 months. This flexible approach is designed to economically and socially uplift deserving families with financial assistance of up to PKR 500,000.


The Akhuwat Foundation Loan 2023 is a beacon of hope for many in Pakistan, empowering individuals to pursue their dreams and improve their lives. By offering interest-free loans, Akhuwat contributes to reducing poverty and fostering socio-economic development.


  1. Is Akhuwat Loan available only for businesses, or can I use it for personal expenses? Akhuwat Loan is versatile and can be used for various purposes, including education, healthcare, housing, and starting a business.
  2. What sets Akhuwat Loan apart from traditional financial institutions? The key differentiator is that Akhuwat Loan offers interest-free loans, making it accessible to those who don’t have access to formal financial services.
  3. What is the maximum loan amount I can apply for? Akhuwat Loan offers loans with a maximum amount of PKR 500,000, depending on your eligibility and chosen loan type.
  4. How long does the loan approval process typically take? The loan approval process is swift, and if you meet the eligibility criteria, you can expect the funds in your account within a few days.
  5. Can I apply for an Akhuwat Loan if I have a low credit score? Akhuwat Loan focuses more on the applicant’s character and moral standing rather than traditional credit scores, making it accessible to a broader range of individuals.

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