Al Khidmat Foundation Personal Loan Scheme
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Courtesy of Al Khidmat Foundation:
The Services Corporation Loan Program was launched with the aim of providing interest-free loans to the poor and needy. This way, they can get help to start a small business, earn income and improve their standard of living. The Mawakhat Service Program is a great step taken by the government to improve the lives of the people whose needs are met.
It is hoped that this customized program will be beneficial to financially unstable people, who are looking for an opportunity to earn a decent income. The program is mostly based on Islamic terms and conditions and the Qard Hasan principle that provides interest-free loans to hardworking people. Every individual deserves to earn a living and have the skills necessary to earn and support their family. They are offering loan amount from PKR 20,000 to PKR 50,000. Let's discuss the eligibility criteria, application process, objectives, and list of cities eligible for the Services Corporation loan.
Own Business - Premium Murabaha Financing
We offer financing facility based on Murabaha Islamic style of finance to small and medium entrepreneurs to help them meet their business and financial needs. By availing this financing facility, retailers, medium-sized firms, and school owners can expand their existing business by purchasing raw materials and essential business equipment.
Salient Features:
- Financing amount ranging from PKR 350,001 to 1,000,000/-
- Financial Period 06 - 24 months
- Financing to be paid in monthly installments
- Hassle-free financing processing
- Supplementary Credit Family Takaful Facility
- Financing facility for women on priority basis
- Financing against guarantee of gold bullion, gold ornaments, gold biscuits, ornaments etc. as per bank policy.
Minimum Required Documents
- Valid CNIC
- A passport size photograph
- Copy of the applicant's utility bill
Apna Karobaar UBank Loan Pakistan
Ubank Loan offers individual loan facilities against personal guarantees for micro-entrepreneurs to finance their working capital requirements or purchase assets in the expansion of their business and income.
Main features:
- Loan facility up to Rs.350,000*
- Loan tenure from 6 to 24 months
- Free loan insurance in case of death/permanent disability
- Loan facility on individual guarantee
- Repayment of the loan in equal monthly installments
Objectives | Loan Scheme
- Providing interest-free microfinance services to poor families to enable them to become self-reliant.
- Promotion of interest-free loans (Qarz-e-Hasana) as a viable model and broad-based solution to poverty alleviation.
- Providing social mentoring, capacity building, and business training.
- Converting beneficiaries of Al-Khidmat Muawiya program into future donors.
- Institutionalizing the spirit of brotherhood.
- Socially responsible community through awareness, enrollment, and training
- To play a role in the establishment of
Qualification Models for the Al Khidmat Establishment Credit Program:
The accompanying reports are required for qualification for Al Khidmat Establishment Advance Program:
- Candidate should fill a structure.
- Candidate must have sufficient CNIC.
- Copy of father's CNIC.
- A fairly domestic duplicate.
- Ability and knowledge to handle private project.
- Age should be between 18 to 62 years.
- Four valid visa size photographs of the candidate.
How to Apply for Advance Loan Scheme
You ought to visit their office to apply for a credit and finish up a required application structure. The advance will be paid to you subsequent to looking into your application in something like multi week of the accommodation of the structure.
- You can call their head office phone number to get the nearest office address in your city: +92-304-111-4222
- Or visit the contact us page on their official website so you can reach them and discuss more regarding the Al Khidmat Foundation loan. Here’s the link to their contact page:
- Select your province and click on it to get the nearest office details in your city.
List of Eligible Cities:
- Karachi
- Lahore
- Wazirabad
- Faisalabad
- Multan
- Bhawalpur
- Gujrat
- Islamabad
- Rawalpind
- Kashmore
- Hyderabad
- Badin
- Nawabshah
- Mirpurkhas
- Sukkur
- Larkana
- Sanghar
- Tando Muhammad Khan
- Mirpur AJK
- harparkar
- Khairpur
- Ghotki
- Naushero Feroze
- Thatta
- Haripur
- Charsada
- Malakand
- Battagram
- Peshawar
- Bunir
- Dir Lower
- Gilgit.
Al Khidmat Foundation Head Office Information:
Address: Alkhidmat Complex, 3km Khayaban-e-Jinnah, Lahore, Punjab, Pakistan
Phone: +92-304-111-4222
Help Line: 0800 44 44 8
Email: info@alkhidmat.org
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