We all grew up hearing “home sweet home” from our elders. However, there are many citizens across the country who have not been able to live the meaning of this statement. Thousands of people in the country do not own a house. When the PTI government took over the command in the last general elections, one of the key promises of the Prime Minister was to houses to people in need. To implement this plan, several steps have been taken over the past couple of years. The government of Pakistan announced Akhuwat Home Loan Scheme initiated in 2021. With the help of this scheme, people can get a loan to build their own house. The scheme will also be valid through the coming year 2022. Here, we have got you covered with all the details you need to apply for Akhuwat Home Loan Scheme.
Who Can Benefit from Akhuwat Home Loan Scheme?
The scheme focuses on facilitating those who are poor and can not afford to buy or build a house of their own. The process is quite simple and easy to understand. It is important to mention that this scheme is beneficial for those who already have a plot or a piece of land. For the successful completion of application process, it is important to read and understand the instructions thoroughly.
How to Apply for Akhuwat Home Loan Scheme
Follow the listed steps below to apply for your home loan.
- Open https://donate.akhuwat.org.pk/register
- If you already have a registered account, you need to simply log in but if you are a new user, you need to fill complete personal details to create an account and then log in.
- Once logged in, follow the steps on the online portal to apply for loan scheme.
Required Documents & Eligibility
- Valid CNIC
- Age should not be more than 60 years
- The applicant must own a land or house
- Valid ownership documents/evidence
- Land area of 5 Marla or covered area not more than 1360 sq. ft.
- Applicant’s monthly household income should be up to PKR 60,000
- Applicant must have a clear credit history
FAQ:
What is the eligibility criteria for Akhuwat Home Loan Scheme?
- Valid CNIC
- Age should not be more than 60 years
- The applicant must own a land or house
- Valid ownership documents/evidence
- Land area of 5 Marla or covered area not more than 1360 sq. ft.
- Applicant’s monthly household income should be up to PKR 60,000
- Applicant must have a clear credit history
What is the minimum income requirement to apply for home loan scheme?
The applicant should be earning up to PKR 60,000 per month. However, preference may be given to widows and households with monthly income of at least PKR 40,000.
