Thu. Jul 25th, 2024

Akhuwat Loan Scheme is a financial program in Pakistan that aims to provide interest-free loans to deserving and poor people so that they can grow in their businesses or lives. In this article, we’ll take you through the process of applying for an Akhuwat Foundation Loan in 2023, the eligibility criteria, the types of loans available, and the application process.

Akhuwat Loan Scheme

The Akhuwat Loan Scheme provides loans to fulfill various needs of individuals, from education and business to healthcare, housing, and establishing welfare foundations. It is founded on the principles of unity and equality and has become a catalyst for social and economic change in Pakistan, playing a vital role in society.

Akhuwat Loan Foundation

The Akhuwat Loan Foundation is an organization affiliated with a microfinance bank in Pakistan. Established in 2001, its mission is to eradicate poverty in Pakistan and improve the lives of marginalized communities.

Eligibility Criteria

Before applying for an Akhuwat Loan, it’s crucial to ensure you meet the eligibility criteria. These criteria may include:

1. Source of Income

You should have a source of income to demonstrate your ability to repay the loan.

2. Character Certificate

A character certificate may be required to assess your moral character.

3. Guarantors

You will need guarantors who can vouch for you, typically two individuals who are not your family members.

4. Location

You should reside within a 2.5-kilometer radius of an Akhuwat Microfinance Bank branch.

5. Age

Applicants should be between 18 and 62 years old.

6. Moral Character

Applicants should have a good social and moral character in society and should not be involved in any criminal activities or cases.

7. Police Clearance Certificate

A police clearance character certificate may also be required.

Supporting Documents

When applying for an Akhuwat Loan, you need to submit various documents, including:

  • Copies of CNIC for the applicant, guarantor, and family members.
  • Household bills, such as gas or electricity.
  • Marriage certificate if applicable.

Types of Akhuwat Loan

Akhuwat Loan offers two types of loans:

1. Group Landing

In this approach, a group of three to six individuals forms a group, guaranteeing each other’s loans and credentials. These group members often live close to each other but are not relatives.

2. Individual Landing

Individual Landing is for individuals who meet the eligibility criteria and need a loan for personal use. To get a personal loan, the applicant must provide two guarantors who ensure timely loan repayment.

Application Process

Here’s a step-by-step guide on how to apply for an Akhuwat Loan:

1. Research and Inquiries

Begin by researching the loan services and various programs offered by Akhuwat Loan. Select the one that suits your needs.

2. Gather Required Documents

Collect the necessary documents related to your chosen loan program.

3. Locate the Nearest Akhuwat Loan Branch

Find the nearest Akhuwat Microfinance Bank branch and schedule an appointment.

4. Application Form

Obtain and complete the Application for Loan form provided by the Loan officer.

5. Document Submission

Submit your Akhuwat loan application along with all the required supporting documents.

6. Application Review

The loan officer will review your application and assess your eligibility based on the submitted documents and information.

7. Loan Approval

If you meet the eligibility criteria, you will receive the loan amount in your account within a few days, or as per the program’s disbursement schedule.

Loan Tenure

The Akhuwat Foundation offers interest-free loans with repayment tenures ranging from 13 to 60 months, providing financial assistance to poor and deserving families with Shariah-compliant products.


Akhuwat Foundation’s Loan Scheme is a significant initiative aimed at improving the lives of underprivileged individuals in Pakistan. By providing interest-free loans for various purposes, it not only supports personal growth but also contributes to the economic development of the country.


1. Is the Akhuwat Loan open to all Pakistanis?

Yes, the Akhuwat Loan Scheme is available to all Pakistanis who meet the eligibility criteria.

2. Can I apply for multiple types of loans simultaneously?

You can apply for multiple types of loans, but each application will be assessed separately based on the specific program’s criteria.

3. How long does it take to process an Akhuwat Loan application?

The processing time may vary, but eligible applicants can expect to receive the loan amount within a few days or as per the program’s disbursement schedule.

4. Can I use the loan for any purpose?

Yes, you can use the Akhuwat Loan for various purposes, including education, business, healthcare, housing, and establishing welfare foundations.

5. Is the Akhuwat Loan interest-free for the entire tenure?

Yes, the Akhuwat Loan is entirely interest-free, making it a highly accessible financial support option for deserving individuals.

BISP Basic Information Required

Contact  Number0800-26477, 051-9246326
Address Benazir Income Support Program, Block F, Pak Secretariat, Islamabad, Pakistan
Registration Document RequiredCNIC, B-Forms, Mobile No, Gas/Electricity Bill, Home Rent Agreement if Available.