Almost all banks provide personal loans up to Rs 5 lakh. Personal loans of Rs 5 lakh typically have interest rates starting at 10% for terms of up to 5 years. However, we will discuss a 5 lakh loan without interest in Pakistan. Some banks might give special loans at lower interest rates and for longer periods. During a financial emergency, an interest-free loan might be quite beneficial.
While there are many lenders available at that time, getting a loan in Pakistan without a lengthy application procedure or minimum paperwork is uncommon, but not impossible!
Best Schemes & Programs for 5 Lakh Loan
- Akhuwat Foundation
The Akhuwat Foundation provides interest free loans in Pakistan. All Pakistani men and women over the age of 18 who wish to start a personal business can apply for an Akhuwat Foundation loan. The Akhuwat Foundation has around 800 branches in Pakistan.
- Ehsaas Interest Free Loan Programme (Bilasood Qarza)
Ehsaas loans are available to the following individuals: Skilled youth, women, the disabled, and transgender individuals, Zakat beneficiaries, and Ehsaas monthly money takers are given interest-free loans to help them break out of poverty and become financially self-sufficient.
The maximum amount of small business loans available under the Ehsaas interest-free loan programme is 75 thousand rupees. This page contains information on getting loans۔
- Khyber Pakhtunkhwa (KPK) Interest Free Loan
Excellent news for Khyber Pakhtunkhwa (KPK) government employees: the KPK government has recently approved interest free loans for its employees. The nicest part about this arrangement is that employees may obtain loans with no interest. The loan programme is available for the purchase of motorbikes, automobiles, and bicycles, as well as the construction of a house.
The programme for 2022-23 has been released by the government; all workers searching for Interest-Free Loan chances are urged to read this article and apply for the project. The lending plan was implemented to provide interest-free loans to KPK employees.
- Pakistan Poverty Alleviation Fund
Pakistan Poverty Alleviation Fund (PPAF) is the country’s institution for community-driven development. The Government of Pakistan established this non-profit organisation. By PPAF thier is a program for peoples to get interest free loan for growing thier business.
Click here to get information about how to get loan from PPAF
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