Online-loan-in-Pakistan

Online Loan In Pakistan Without Interest {10K-5Lakh} (Personal+Business)

In recent years, the concept of online lending has gained immense popularity in Pakistan, it offers a hassle-free way to obtain personal or business loans without having to visit a traditional bank.

The good news is that there are many a govt. sponsored institutions that provide online loan in Pakistan that are totally interest-free loans ranging from 10,000 to 500,000 PKR.

This is a great opportunity for individuals and small business owners who need quick access to funds but do not want to pay hefty interest charges.

In this article, we will explore the top 3 provide online loan in Pakistan, that offer interest-free loans, and discuss the eligibility criteria and application process for these loans.

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Online Loan In Pakistan Without Interest | Interest-Free Loan In Pakistan 2023

Online-loan-in-Pakistan
Online-loan-in-Pakistan

Table of Contents

Pakistan Poverty Alleviation Fund (PPAF)

Online Loan In Pakistan: Pakistan Poverty Alleviation Fund (PPAF) is a non-profit organization that was established in 2000 to help alleviate poverty and promote sustainable development in Pakistan.

The PPAF operates through a network of community organizations, microfinance institutions, and other partners to identify and support the needs of the poorest and most vulnerable populations.

Its programs aim to build the capacity of communities to become self-sufficient and to promote economic growth and social development.

Pakistan-Poverty-Alleviation-Fund-(PPAF)-loan-application-process
Pakistan-Poverty-Alleviation-Fund-(PPAF)-loan-application-process

Here is a step-by-step guide on how to apply for an Online Loan In Pakistan through PPAF:

  • Find your nearest PPAF center: You can visit the PPAF website or contact their helpline to locate the nearest center in your area.
  • Meet with a loan officer: Once you have identified the center, you can visit and meet with a loan officer who will guide you through the application process.
  • Complete the loan application form: The loan officer will provide you with a loan application form that you need to fill out. The form will require you to provide personal information, such as your name, address, occupation, and income.
  • Submit supporting documents: You will need to provide supporting documents to verify your identity, income, and residence. These may include your national identity card, utility bills, and bank statements.
  • Attend an orientation session: PPAF requires all loan applicants to attend an orientation session to learn about the organization’s policies, procedures, and expectations.
  • Get your loan application reviewed: Once you have completed the application and submitted all the required documents, your loan application will be reviewed by PPAF staff to determine if you are eligible for a loan.
  • Receive loan disbursement: If your loan application is approved, the loan amount will be disbursed to your bank account or in cash at the PPAF center.
  • Repay the loan: You will need to repay the loan amount in monthly installments over a fixed period of time. The loan officer will guide you on the repayment schedule and methods.

Overall, the online loan in Pakistan application process through PPAF is designed to be accessible and easy for individuals and communities who are marginalized and may not have access to formal financial institutions.

Pakistan-Poverty-Alleviation-Fund-(PPAF)
Pakistan-Poverty-Alleviation-Fund-(PPAF)

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Pakistan Poverty Alleviation Fund (PPAF) Contact Number

Here are the contact details for getting Online Loan In Pakistan through Pakistan Poverty Alleviation Fund (PPAF):

  • Website: www.ppaf.org.pk
  • Helpline: +92-51-844-444-1
  • Email: info@ppaf.org.pk
  • Address: Pakistan Poverty Alleviation Fund (PPAF), F-7 Markaz, Islamabad, Pakistan.

PPAF also has regional offices and centers located across Pakistan, which you can find on their website or by contacting their helpline.

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Kashf Foundation Personal And Business Loan

Kashf-Foundation-interest-free-loans
Kashf-Foundation-interest-free-loans

Online Loan In Pakistan: Kashf Foundation is a non-profit microfinance organization that was established in 1996 in Lahore, Pakistan.

Its primary aim is to provide financial services to low-income households, especially women, to help them become financially independent and empower them to make a positive impact on their communities.

Kashf Foundation offers microfinance services, such as microcredit, micro-savings, and microinsurance, to its clients, along with entrepreneurship and financial education training.

The organization has won numerous awards for its innovative approach and success in promoting financial inclusion in Pakistan.

Kashf Foundation Kashf Easy Loan

Kashf-Foundation-Kashf-Easy-Loan
Kashf-Foundation-Kashf-Easy-Loan

Kashf Foundation offers the Kashf Easy Loan which is an Online Loan In Pakistan, which is a microcredit product designed to provide financial assistance to low-income individuals in Pakistan.

This loan product comes with a range of features and specifications that make it an ideal choice for those who need quick access to funds without the hassle of complex application procedures.

Here are the key features and specifications of Online Loan In Pakistan under the umbrella of Kashf Easy Loan:

  • Loan Term: The Kashf Easy Loan has a term of one year, which means that borrowers are required to repay the loan amount within 12 months of disbursement.
  • Monthly Installments: The loan is repaid in 12 monthly installments, making it easier for borrowers to manage their cash flows and ensure a timely repayment.
  • Loan Amount: The loan amount for Kashf Easy Loan is PKR 15,000, which is a relatively small amount that can help borrowers meet their immediate financial needs.
  • Quick Disbursement: The loan application process for Kashf Easy Loan is simple and streamlined, ensuring quick disbursement of funds to approved borrowers.
  • Minimal Documentation: The loan application requires minimal documentation, which means that borrowers can easily apply for the loan without having to go through lengthy paperwork processes.

Overall, Online Loan In Pakistan as Kashf Easy Loan is an accessible and convenient microcredit product that can help low-income individuals in Pakistan meet their urgent financial needs.

Kashf Foundation Kashf Business Loan

Kashf-Foundation-Kashf-Business-Loan
Kashf-Foundation-Kashf-Business-Loan

Kashf Foundation provides the Kashf Business Loan, a microfinance product designed to support low-income entrepreneurs in Pakistan.

This loan product offers a range of features and specifications that make it a popular choice among small business owners who need financial assistance.

Here are the key features and specifications of the Kashf Business Loan:

  • Loan Term: The Kashf Business Loan has a loan term of one year, which means that borrowers are required to repay the loan amount within 12 months of disbursement.
  • Monthly Installments: The loan is repaid in 12 equal monthly installments, making it easier for borrowers to manage their cash flows and ensure a timely repayment.
  • Loan Amount: The loan amount for Kashf Business Loan ranges from PKR 40,000 in the first loan cycle to a maximum of PKR 100,000, depending on the borrower’s creditworthiness and business needs.
  • Documentation Fee: A documentation fee of PKR 250 is charged, which is paid in monthly installments along with the loan repayment.
  • Quick Disbursement: The loan application process for Kashf Business Loan is straightforward, ensuring quick disbursement of funds to approved borrowers.
  • Collateral-Free: The loan is collateral-free, which means that borrowers do not need to provide any security or guarantee to secure the loan.

Overall, Kashf Business Loan is an excellent microfinance product that can help small business owners in Pakistan grow and expand their businesses.

Kashaf Foundation Contact Number

Here is the contact information for Kashaf Foundation:

  • Website: https://www.kashaffoundation.org/
  • Email: info@kashaf.org
  • Address: Kashaf Foundation, House No. 22, Street No. 62, F-7/4, Islamabad, Pakistan
  • Helpline Number: +92-51-111-111-875

Please note that the helpline is available from Monday to Friday, from 9:00 AM to 5:00 PM. Additionally, you can also visit one of their branches located in various cities throughout Pakistan to get more information about their services and loan products.

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Prime Minister Youth Loan Scheme

Online Loan In Pakistan: The “Prime Minister Youth Loan Scheme” is a government initiative launched to provide financial assistance to the youth of Pakistan for starting their own businesses or expanding existing ones.

This loan scheme aims to encourage entrepreneurship among young people and create job opportunities for the country’s growing population.

Maximum limit:

Under the Prime Minister Youth Loan Scheme, eligible individuals can avail of online loan in Pakistan ranging from Rs. 100,000 to Rs. 5,000,000, depending on the nature of their business proposal and their financial requirements.

Prime Minister Youth Loan Scheme Application Process

Prime-Minister-Youth-Loan-Scheme-Application-Process
Prime-Minister-Youth-Loan-Scheme-Application-Process

The application process for getting online loan in Pakistan through PM Youth Loan Scheme:

  • Eligibility Criteria: The first step in applying for the Prime Minister Youth Loan Scheme is to ensure that you meet the eligibility criteria. The scheme is open to all Pakistanis between the ages of 21 and 45 years who have a viable business plan and meet other requirements.
  • Business Plan: To apply for the scheme, you must prepare a comprehensive business plan that outlines your proposed business idea, its feasibility, and its potential to generate income. The business plan should also include financial projections, marketing strategies, and other important details.
  • Submission of Application: Once you have prepared your business plan, you can submit your loan application online through the official Prime Minister Youth Loan Scheme website or by visiting designated National Bank of Pakistan (NBP) branches across the country.
  • Verification and Approval: After submission of the application, it will undergo a verification process to determine the eligibility and feasibility of the proposed business idea. The verification process includes a credit check, an assessment of the business plan, and an evaluation of the collateral (if any).
  • Disbursement of Loan: If your loan application is approved, the loan amount will be disbursed to your designated account. You will also be required to attend training sessions organized by the National Vocational and Technical Training Commission (NAVTTC) to enhance your business management skills.
  • Repayment: Repayment of the loan is done in easy installments over a period of 8 years, including a grace period of one year. The loan is offered at a low-interest rate of 6% per annum to make it affordable for young entrepreneurs.

In conclusion, the Prime Minister Youth Loan Scheme is an excellent opportunity for young people in Pakistan to fulfill their entrepreneurial dreams and contribute to the country’s economic growth.

Prime Minister Youth Loan Scheme Contact Number

Here is the contact information for the Prime Minister Youth Loan Scheme in Pakistan:

  • Website: https://www.kamyabjawan.gov.pk
  • Email: info@kamyabjawan.gov.pk
  • Address: National Information Technology Board (NITB), 3rd Floor, Evacuee Trust Complex, F-5, Islamabad, Pakistan
  • Helpline Number: 0800-77000

Please note that the helpline is available from Monday to Friday, from 9:00 AM to 5:00 PM. Additionally, you can also visit designated National Bank of Pakistan (NBP) branches across the country for more information and assistance with the loan application process.

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Online Loan In Pakistan FAQs

What is the Prime Minister Youth Loan Scheme?

The Prime Minister Youth Loan Scheme is a government initiative launched to provide financial assistance to the youth of Pakistan for starting their own businesses or expanding existing ones.

How can I apply for a loan under the Prime Minister Youth Loan Scheme?

You can apply for a loan under this scheme by submitting a business plan online through the official Prime Minister Youth Loan Scheme website or by visiting designated National Bank of Pakistan (NBP) branches across the country.

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