Akhuwat Housing Loan Scheme 2023 And Contact Number

The Akhwat Foundation has Announced. The whole of Pakistan, especially the areas where the floods have come, can get immediate loans to build a house. By the way, Punjab Sindh Balochistan can borrow from the Akhwat Foundation.

Through the Ministry of Housing and Works, the Government of Pakistan has released a fund of 7 billion. Under the scheme, poor and deserving families will be provided with financial support according to the Shariah by five million. The scheme tries to help the poor economically.

Financing size up to Rs. 500,000/-
The repayment period is from 13 to 60 months.
The average Monthly rental amount is up to Rs. 10,000/-
The application processing fee will be zero.

Financing will be given for the following purposes:

Lanter
rooms
kitchen
bathroom

Eligibility Criteria for Low-Cost Housing Scheme

To be eligible under the said scheme, the applicant must meet the following criteria of having:

Valid CNIC
Age up to 60 years
Applicant must be the owner of the land/house
Valid ownership title or evidence of land/house (may include Registry, Inteqal, Fard, Allotment letter, or any other valid evidence deemed appropriate)
Land size of 5 Marla or less or covered area which is not more than 1,360 sqft.
Good social and moral character in a community
Monthly household income up to Rs. 60,000.
Residence in the operational area of AIM’s branch.
Should have a clear credit history (if any).

monthly income below Rs. 40,000.