Interest Free Loan Scheme

 Interest Free Loan Scheme

 

Interest Free Loan Scheme 2022 – Great news for the Khyber Pakhtunkhwa Govt Employees, The Govt of KPK has recently announced interest-free loans for its employees. The best thing about this scheme is that employees can get loans without paying interest. The Loan scheme is valid for purchasing motorcycles, motorcars, and Bicycles and building a house.

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Also Check: PM Youth Loan Program

The Government has announced the scheme for 2022-23; all employees looking for Interest-Free Loan opportunities are encouraged to go through this post and apply for the project. The loan scheme was introduced to facilitate the servants of KPK with interest-free loans.

Also Check:Pakistan Poverty Alleviation Fund

After applying for the loans, there will be a draw in which participants will be selected. To know more about the Interest-Free Loan scheme 2022 by the Govt of Kpk, check the details below and apply.

 

Country:         Pakistan

Scheme:                 Interest-Free Loan

Application Deadline: 30th November 

 

Terms & Conditions

The Govt of Khyber Pakhtunkhwa is offering interest-free loans in four different categories. The conditions of each type vary, To check the terms and conditions, check the list given below:

 

Loan Type	Limit of Loan	Per month Deduction	Conditions
Motor Car (BPS 17 or above)	Rs 200,000/-	Rs 3,334/- (60 monthly installments)	Min. 05-year service & max. 55-year-old (age)
House Building (BPS 01-17)	RS 250,000/-	Rs 2080/- (60 monthly installments)	Min. 10-year service & max. 50- year old (age)
Motor Cycle (BPS 01-17)	Rs 80,000/-	Rs 1340/- (60 monthly installments)	Min. 05-year service & max. 55-year old (age)
Cycle (BPS 01-17)	Rs 8,000/-	Rs 100/- (40 monthly installments)	Nil

 

Eligiblity Criteria

To apply for the interest-free loan you must fulfill the following criteria:

Applicant must be working as a govt or an employee of KPK

Interested applicants can select only one category

Applicant must not have secured any other loan 

Applicants have to attach a DDO certificate with the application

The Deputy commissioner of all districts will receive all the applications

 

Application Deadline

The last date for the submission of the application is 30th November 2022

 

How to Apply?

To apply, follow the following steps:

To apply for the loan, candidates need to download an application form from the official link.

Complete the application form and submit it to the concerned department

 

CLICK HERE FOR APPLICATION FORM