Applications for Interest-Free Loan HBA, MCA, and Cycle Advance KPK Employees 2024 have been invited from the provincial Government employees. Khyber Pakhtunkhwa employees can get loans for House Building Advance, Motorcar Advance, Motorcycle Advance, and Bicycle Advance. They will have to pay no interest on this advance amount. The details are as follows:                   

Interest-Free Loan HBA, MCA, and Cycle Advance KPK Employees 2024

 

All interested provincial government employees of Khyber Pakhtunkhwa who fulfill the following conditions must apply for interest free loans for parallel car house building, motorcycle, and Cycle through their departments.

 

Salient Features of Loan

 

1. Interest-free loans will be issued through balloting among willing provincial government employees.
2. Interest-free loan limit, refund of loan, and monthly rate of amount are as below:

 

Provincial government employees of Khyber Pakhtunkhwa for the years 2024-25 Loan

 

Loan term	Loan limit	Throat Monthly rate	Required conditions
Car BS-17 & Above	Rs 200,000	Rs. 3,334/- 60 monthly installment	At least 5 years of service and the maximum age limit is 55 years
House Building BS-1 to BS-17	Rs 250,000	Rs. 2,084/- 120 monthly installment	At least 5 years of service and the maximum age limit is 50 years
Motorcycle BS-1 to 17	Rs 80,000	Rs. 1,334/- 60 monthly installment	At least 5 years of service and the maximum age limit is 55 years
Cycle BS-1 to BS-17	Rs 8,000	Rs. 200/- 40 monthly installment	None

 

Applications for Interest Free Loan KPK Employees 2024

 

As far now the Provincial Benevolent Fund KPK has not updated the form for loans for the year 2024-25. The department will soon upload the new form. It would help if you kept in touch with the page to get updates in this regard.

 

Download the Application form for the KPK Employees Loan Scheme 2024-25

 

 

Terms and Conditions for Loan

 

• Provincial Govt employees can apply only for one above category not for all two or three.
• The concerned Drawing and Disbursing Officer (DDO) will ensure that the applicant does not have an outstanding amount of the previous loan.
• Government employees will attach the DDO Non-Payment Certificate.
• The provincial Benevolent Fund Board will not accept applications by hand from any employees.
• The closing date to apply for the loan is 10^th December 2024.