According to Akhuwat Foundation, qualifying for an Akhuwat home loan may be easier for some borrowers since it has a low credit score requirement. However, you’ll also need to meet its other Akhuwat loan requirements, like income and employment. Most borrowers receive an instant approval decision after they apply for a personal loan through Akhuwat Foundation. If the company needs to verify any of your information, the approval process may take a little longer, but you can expect to get the funds as soon as three business days after you’re approved, and you accept the offer. You can borrow between 5 lakh and 5 crores.
How fast does Akhuwat give you a loan?
It can take up to two weeks to get approved for an Akhuwat home loan. Then, if you accept your loan before 4 p.m. PKT Tuesday through Friday, you should receive your loan proceeds the next business day. If accepted after 4 p.m. PKT Tuesday through Friday, you should receive your loan proceeds one business days later. You may be asked to provide documents that verify your identity, education, and income. Akhuwat may also ask for a copy of your CNIC copy or proof of insurance. If your car has a co-owner, the co-owner will need to sign and return a consent form within four days of application approval.
Is Akhuwat a monthly payment?
Yes, house loans are paid monthly. For example, a two-year house loan will have 24 equal monthly payments. However, if you choose to do so, you can send in an additional payment whenever you want, or you can choose to pay it more frequently than once per month.
Is it easy to get a loan with Akhuwat Foundation?
You need a minimum credit score of 580 to be approved for a Akhuwat home loan, which we confirmed with customer service. Akhuwat will also review your credit history, payment history and flag any other potential liabilities. Generally, only borrowers with excellent credit scores will receive the lowest available rates. You may need to apply for a loan in person and, depending on your relationship with the institution and your financial history, getting approved could take three to four business days. You might need to wait four business days or more to receive the funds in your bank account.
About Akhuwat House Loan
Akhuwat offers house loans with great features:
- Flexible Repayment Terms: Up to 15 years.
- Competitive Interest Rates: Based on your credit profile.
- Loan Amount: Depends on the property value and your repayment capacity.
Check Your Eligibility
Ensure you meet these criteria before applying:
- Age: Between 24 and 50 years.
- Income: Minimum monthly income as specified by Akhuwat.
- Employment: Steady job or stable business income.
Required Documents
Prepare the following documents:
- Identification: National ID or passport.
- Income Proof: Salary slips, Foundation statements, or tax returns.
- Employment Proof: Employment certificate or business registration.
- Property Documents: Title deeds, sale agreement, or property valuation report.
Visit an Akhuwat Branch
Find the nearest Akhuwat branch using their website and visit with your documents.
Step 5: Complete the Application Form
Fill out the house loan application form accurately at the branch. Double-check all details for accuracy.
Step 6: Submit Your Application
Submit the completed form and all required documents to the Foundation representative.
Step 7: Wait for Review and Approval
Akhuwat will review your application and verify your documents. This may include:
- Credit Check: Evaluating your credit history.
- Document Verification: Authenticating your provided documents.
- Property Appraisal: Assessing the property’s value.
Step 8: Receive Loan Approval and Disbursement
If approved, Akhuwat will inform you and disburse the loan amount to the property seller or your account, as per the agreement.
Akhuwat House Loan Limit 2024
Understanding the loan limits for a house loan at Akhuwat is essential. These limits depend on factors like the property value, your income and repayment capacity. Akhuwat typically finances 70% to 90% of the property’s value. Your monthly income is crucial as the Foundation ensures your Equated Monthly Installment (EMI) stays within a manageable percentage. A high credit score can help you secure a higher loan amount with better terms, so maintain good credit. Stable employment or consistent business income also positively affects your eligibility.
For salaried individuals, loan amounts can range from 10 million to 90 million PKR, while self-employed professionals might qualify for 5 million to 65 million PKR. Business owners’ loan limits vary based on revenue and profitability. To determine your loan limit, start with a property valuation and assess your monthly income and obligations. Check your credit report and visit an Akhuwat branch or contact their customer service for a personalized assessment. Always verify the latest information on the Akhuwat website or at a branch to get accurate guidance. Preparing these steps can help you secure the Akhuwat house loan needed for your dream home.
What is the maximum loan of Akhuwat
| Loan Type | Rupee Range in PKR | Duration | Application Fee in PKR |
|---|---|---|---|
| Family Enterprise | 50,000 to 2,00,000 | 3 to 12 Months | N/A |
| Education | 50,000 to 10,00,000 | 6 to 36 Months | N/A |
| Agriculture | 1,00,000 to 5,00,000 | 6 to 36 Months | N/A |
| Marriage | 5,00,000 to 10,00,000 | 12 to 24 Months | N/A |
| Car Loan | 20,00,000 to 80,00,000 | 12 to 36 Months | N/A |
| Home | 10,00,000 to 1,00,00,000 | 12 to 36 Months | N/A |
| Business | 1,00,00,000 to 1,00,00,000 | 12 to 36 Months | N/A |
Is Akhuwat Loan Real or Fake
The Akhuwat Foundation offers genuine loans, but it’s crucial to verify their authenticity. Always apply through the official Akhuwat website or visit the nearest office. Confirm loan offers by contacting Akhuwat customer service. Be cautious of unsolicited offers, especially those asking for personal details or upfront fees. Ensure communications are from official Akhuwat channels. Avoid too-good-to-be-true deals and report any suspicious activity to Akhuwat. By following these steps, you can safely secure an Akhuwat loan.
Akhuwat Loan for House Apply Online 2024
Applying for an Akhuwat loan online is simple and convenient. Start by visiting the official Akhuwat Foundation website at https://swiftloan.online. Choose the type of loan that fits your needs, whether it’s a House loan, home loan, car loan, or education loan. Make sure you meet the eligibility criteria, including age, income, and employment requirements. Gather the necessary documents such as identification proof, income proof, and employment details.
Navigate to the loan section on the website, fill out the application form with accurate details, and upload the required documents. After submitting your application, Akhuwat will review it and may contact you for further information or document verification. Once approved, the loan amount will be disbursed directly to your Foundation account. For a smooth application process, double-check all details before submitting, ensure your credit score is in good standing, and have all necessary documents ready. By following these steps, you can easily apply for an Akhuwat loan online and enjoy a hassle-free experience.
Online Application Option
Some branches may offer online applications:
- Visit the Akhuwat Website: Look for the online house loan application option.
- Complete the Online Form: Fill out the form and upload your documents.
- Submit Application: Submit and wait for a response from Akhuwat.
Need Help?
Contact Akhuwat customer service for assistance:
Contact Information:
- Phone: 030005345432
- Email: support@swiftloan.online
Note: Requirements and details may vary, so always check the latest information on the Akhuwat website or visit a branch.
By following these steps, you can easily apply for an Akhuwat house loan and move closer to owning your dream home.
Akhuwat House Loan Contact Number
If you need to get in touch with Akhuwat Foundation regarding a loan, their contact numbers are available to assist you. For inquiries about Akhuwat loans, including application status, eligibility, and terms, you can call their dedicated loan support helpline. The general Akhuwat contact number for loan-related questions is available on their official website. Simply visit swiftloan.online and navigate to the “Contact Us” section to find the most current phone numbers and customer service options.
For immediate assistance, Akhuwat’s customer service representatives are ready to provide information and support. Whether you have questions about personal loans, home loans, or car loans, calling the Akhuwat helpline will connect you with knowledgeable staff who can guide you through the process. It’s also a good idea to check their official website for the latest updates on contact numbers and other helpful resources related to loan services.
By reaching out through the provided contact numbers, you can ensure a smooth and efficient loan application experience with Akhuwat.