Interest Free Loan Scheme for Provincial Government Employees KPK 2018-19

It is a good news that Interest Free Loan Scheme for Provincial Government Employees KPK 2018-19 has been announced. Last date to submit the applications is 31-01-2019. Further details are as under:

Detail of Interest Free Loan

Provincial Government employees of the Khyber Pakhtunkhwa province can apply for these loans. Following loans are admissible to the employees:

For the employees of BPS-01 to BPS-17

House Building Advance

Motorcycle Advance

Cycle Advance

Only for the employees of BPS-17

Motorcar Advance

Detail of Age Limit, Monthly Installment and Amount of Interest Free Loan

Detail of Loan Advance is as under:

Detail of Loan Limit of Loan Monthly Installment Terms & Conditions
Motorcar Rs. 200,000/- Rs. 3334/- Minimum 5 years service, age 55 years
House Building Advance Rs. 250,000/- Rs. 2080/- Minimum 10 years service, age 50 years
Motorcycle Advance Rs. 80,000/- Rs. 1340/- Minimum 5 years service, age 55 years
Cycle Advance Rs. 8,000/- Rs. 200/- No Condition

Interest Free loan can be applied only for one category. Applied for more than one category will not be considered.

Special thanks to Mr. Zahid Khan for sending the copy of the advertisement of Interest Free Loan Scheme for Provincial Government Employees KPK 2018-19.