Interest Free Loan Scheme 2022 – PM Loan Scheme

 Interest Free Loan Scheme 2022 – PM Loan Scheme

2022 Interest Free Loan Program - The Khyber Pakhtunkhwa government has provided interest-free loans for its employees, which is fantastic news for them. The fact that employees can obtain loans without paying interest is the best aspect of this programme. The loan programme is acceptable for buying motorbikes, vehicles, bicycles, and for constructing homes.

Interest Free Loan Scheme 2022 – PM Loan Scheme

All employees looking for Interest-Free Loan Opportunities are invited to browse through this post and apply for the project as the Government has announced the programme for 2022–2023. The lending programme was established to provide interest-free loans to KPK's employees.

Participants will be chosen via a draw after submitting loan applications. Check out the details below and submit an application to learn more about the Interest-Free Loan Scheme 2022 by the Government of Kpk.

Terms and 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

 

Free Loan Scheme Eligibility Criteria:

The applicant must be employed by the government or by KPK.

Interested candidates may only choose one category.

The applicant must not be in default on any loans.

DDO certificates must be included with applications from applicants.

All applications will be given to the Deputy Commissioner of each district.

Application Closing Date

The application must be submitted by 30 November 2022 in order to be considered.

How to Apply?

Apply by performing the actions listed below:

Candidates must download an application form from the official link in order to apply for the loan.

Fill out the application, then send it to the appropriate department.

Click here to download Application Form


Interest Free Loan Scheme 2022 – PM Loan Scheme
Interest Free Loan Scheme 2022 – PM Loan Scheme

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