Akhuwat HBL Get New Personal Loan

Akhuwat HBL Get New Personal Loan

Welcome to the HBL Personal Loan Review, a reliable financial tool designed to provide assistance when you need it the most. Whether you’re looking to fulfill your aspirations or seeking support during challenging times, our loan facility offers a seamless solution.

Akhuwat HBL New Personal Loan Scheme

HBL Personal Loan extends financing ranging from PKR 25,000 to PKR 3,000,000 with repayment terms spanning from 12 to 60 months. Additionally, you gain access to top-up facilities and life insurance coverage every two years.

To further simplify the process, HBL offers quick and hassle-free personal loans through its mobile application. By simply signing up on the HBL mobile app, you can avail yourself of the loan facility. The key benefits of this loan include its simplicity, paperless nature, and convenience.

To be eligible for this loan, you must be a salaried individual receiving your salary in an HBL account, aged 21 years or above at the time of application and 60 years or below at the time of loan maturity.

This loan features a highly subsidized markup rate of 9%, offering maximum financing up to PKR 10 million without requiring collateral. The application process is quick and easy, involving minimal documentation, and provides a comprehensive financing solution.

To apply for the loan, you need to provide a certified copy of your CNIC, a certified copy of your salary slip, and a letter from your employer if applicable.

If you have any queries regarding HBL Personal Loan, you can check the eligibility criteria. You are eligible to apply if you fall under any of the following categories: existing HBL Personal Loan customers with excellent repayment history, and salary transfer customers earning more than PKR 15,000 per month with their salary transferred to an HBL account. Terms and conditions apply.

In collaboration with the Pakistan Poverty Alleviation Fund (PPAF) and Partner Organizations (POs), the Government of Pakistan has launched an interest-free loan scheme targeting low-income families with a poverty scorecard of up to 40. Under this scheme, eligible individuals can receive interest-free loans of Rs. 50,000. A steering committee oversees the project, with the Brotherhood of Islamic Microfinance (AIM) selected as a partner organization by PPAF.

Eligibility Criteria:

  • Suitable business plan
  • Poverty scorecard of up to 40
  • Age between 18 to 60 years
  • Valid CNIC
  • Economically active
  • No pending criminal convictions
  • Good social and moral character
  • Ability to provide two guarantors other than family members

The Akhuwat Foundation interest-free loan program is available to Pakistani citizens nationwide, offering various loan products with different monetary ranges. Application fees vary by product. The application process involves obtaining the interest-free loan application form from Qard-e-Hasan, filling it out, and submitting it to the AIM branch near your home for verification and approval.

Note: Project-specific eligibility criteria may vary.

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