Government of Khyber Pakhtunkhawa has issued the ad for Interest-Free Loan Scheme 2022-23 KPK Govt. Servants. The Government employees of the province of KP can avail of this loan without interest facility. This loan scheme is for the purchase of motorcars, motorcycles, bicycles and to build houses.
Interest-Free Loan Scheme 2022-23 KPK Govt Servants
The Government of Khayber Pakhtunkhawa is now providing loans to the Government Of KPK Servants for the Year 2022-23 through an Interest-Free Loans scheme. These loans are being provided to Servants in terms of purchasing the items like a motor car, house, motorcycle & bicycles. The Government of KPK is facilitating the servants of KPK with Interest-Free loans from PKR 8000 to PKR 250,000, on very easy terms & conditions. The Government is receiving the applications and later on provides the loans to the servants selected by a draw. These loans can support the Servants of the KPK Government in terms of purchasing transport as well as building a house for them.
Terms & conditions of the Interest-Free Loan
The government of Khyber Pakhtunkhawa is giving Interest-Free loans to the government servants of KPK in four different terms with a minimum number of conditions. The conditions for every term of the loan are different. These conditions are very easily acceptable for the applicant also. The terms and conditions of the Interest-Free loans are as given:
Terms & conditions
| Type of loan | Limit of loan | Amount of
Instalment |
Number of instalments | Scale of Applicant | Age Limit | Service Period |
| To purchase a Motor-car |
Maximum PKR 200,000 |
PKR 3,334 Per month |
Total 60 monthly instalments |
17 and Above |
The maximum age limit is 55 years |
At least
5 years |
| To Build a House | Maximum
PKR 250,000 |
PKR 2,080
Per month |
Total 120
Monthly instalments |
1-17 |
The maximum age limit is 55 years old |
At least 10 years |
| To Purchase a motorcycle | Maximum PKR
80,000 |
PKR 1340
Per month |
Total 60 monthly
Instalments |
1-17 | The maximum age limit is 55 years | At least 5 years |
| To Purchase a Cycle | Maximum
PKR 8,000 |
PKR 100
Per month |
Total
40 instalments |
*No condition | No condition | *No condition |
How can a person apply for this Interest-Free Loan provided by the Government of KPK?
One can easily submit his application to get the loan to the Deputy Commissioner of his district.
Requirements
A certificate from DDO is necessary to attach with the application.
*The loan will not be provided to the person who has already taken any loan from the government scheme.
*The applications shall be selected through a draw to provide loans
Last Date for submitting applications:
The last date to apply for the Interest-Free Loan scheme, Government of KPK year 2022-23 is November 30, 2022.
Download the Form here:
Download Application Form
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Hi sir, sir do you have any information about interest free loan scheme in punjab? Please provide me information on my email please . [email protected]
I think no such is available in Punjab.
What sort of a house can be built in Rs. 250000? It’s not even enough to construct a single room with a small lavatory.