Akhuwat Qarza – Pakistan’s Leading Interest-Free Loan Program
Akhuwat is a renowned microfinance organization in Pakistan that provides Qarz-e-Hasana—interest-free loans—to support underprivileged individuals. These loans can be used for various needs, including starting a small business, education, healthcare, marriage, or emergency financial assistance.
In this guide, we’ll cover all the details about Akhuwat Qarza, including loan types, eligibility criteria, required documents, application process, and repayment method.
1. What is Akhuwat Qarza?
✔ Qarz-e-Hasana refers to a loan provided without interest.
✔ It is specifically designed to assist financially struggling individuals.
✔ The repayment plan is simple and manageable to ensure ease of repayment.
✔ Akhuwat has branches across Pakistan where these loans can be obtained.
💡 Key Point: This is a completely interest-free loan aimed at helping those in need.
2. Types of Loans Offered by Akhuwat
Akhuwat provides different types of loans based on specific needs:
- Business Loan – For starting or expanding small businesses.
- Agriculture Loan – To support farmers with farming expenses.
- Education Loan – To assist with educational costs.
- Health Loan – To cover medical and healthcare expenses.
- Marriage Loan – To support wedding-related expenses.
- Emergency Loan – For unexpected financial crises.
💡 Key Point: Akhuwat offers loans tailored to different financial needs.
3. Eligibility Criteria for Akhuwat Qarza
To apply for a loan from Akhuwat, you must meet the following requirements:
✔ Be a Pakistani citizen.
✔ Age must be between 18 and 60 years.
✔ Must be financially in need (middle-class individuals can also apply).
✔ Have a valid purpose for the loan (business, education, health, marriage, etc.).
✔ Must have the ability to repay the loan.
✔ A guarantor is required for loan security.
💡 Key Point: Akhuwat’s loans are strictly for individuals who require financial assistance.
4. How to Apply for Akhuwat Qarza
To apply for an Akhuwat interest-free loan, follow these steps:
Step 1: Visit the Akhuwat Website
Go to www.AkhuwatServices.pk for more details.
Step 2: Find the Nearest Akhuwat Loan Center
Locate the closest Akhuwat branch through their website.
Step 3: Obtain a Loan Application Form
Download the form online or collect it from the nearest branch.
Step 4: Prepare Required Documents
✔ Copy of CNIC (National ID Card)
✔ Two passport-size photographs
✔ Utility bill copy (electricity/gas bill)
✔ Proof of loan purpose (education, medical, marriage, etc.)
✔ Guarantor’s CNIC copy and photographs
Step 5: Submit the Application Form
✔ Visit the nearest Akhuwat branch to submit your filled-out form.
Step 6: Verification & Loan Approval Process
✔ Your application will go through a verification process.
✔ Loan may be approved or rejected based on eligibility.
✔ Upon approval, you will receive a loan receipt and cheque.
💡 Key Point: Loan approval depends on various factors, but if everything is in order, the process takes 7 to 15 days.
5. Loan Repayment Process
✔ Loans are repaid in monthly installments.
✔ The installment amount and due date are provided at the time of approval.
✔ If a borrower fails to make timely payments, their guarantor is contacted.
💡 Key Point: Loan repayment is simple, but paying on time is essential.
6. Benefits of Akhuwat Qarza
✔ Completely interest-free (no riba/sood).
✔ Simple eligibility criteria and a flexible repayment plan.
✔ Designed to support low-income and financially struggling individuals.
✔ Available for education, healthcare, weddings, and emergency needs.
Akhuwat’s Qarz-e-Hasana program is a lifeline for those in need, ensuring financial assistance without the burden of interest, and promoting self-sufficiency in communities.
For more details, visit www.AkhuwatServices.pk.