The Khyber Pakhtunkhwa government has provided an interest-free Loan Scheme 2022 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 program. The loan program is acceptable for buying motorbikes, vehicles, and bicycles, and for constructing homes.
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 program for 2022–2023. The lending program 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.
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Details About Interest-Free Loan Scheme 2022
|Organization:||Govt of KPK|
|Eligibility:||KP Govt Employees|
|Application Deadline:||30th November 2022|
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Terms & 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|
To apply for the interest-free loan you must fulfill the following criteria:
- Applicant must be working as a govt or an employee of KPK
- Interested applicants can select only one category
- Applicant must not have secured any other loan
- Applicants have to attach a DDO certificate with the application
- The Deputy commissioner of all districts will receive all the applications
The last date for the submission of the application is 30th November 2022
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How to Apply?
To apply, follow the following steps:
- To apply for the loan, candidates need to download an application form from the official link.
- Complete the application form and submit it to the concerned department
To download the application visit the link given below: