Interest-Free HBA, MCA, Motorcycle Advance, and Cycle Advance 2023–24 KP:
The Interest-Free Loans for Government Employees 2023–24 are now accepting applications. KPK. Khyber Pakhtunkhwa’s government is currently taking applications for the new loan program. The KPK province administration is giving employees in public departments the finest opportunity through the screen plan. All employees are eligible to take advantage of this opportunity to purchase a new car, house, motorcycle, or bicycle. A maximum of 40 to 120 installments per month are possible for various things. Any applicant is not required to pay cash or in one big sum at the time of purchase. For each item listed in the table, this plan introduces 40 to 120 monthly installments. For the final, there will be a fortunate draw.
Interest-Free Loans for Government Employees 2023–24 KPK
| Sr. No | Items for Debt | Basic Pay Scale | Maximum Amount of Debt | Monthly Deduction | Number of Monthly Instalments |
| 1. | Motor Car Advance | BPS-17 and above | Rs.200,000/- | Rs.3,334/- | 60 |
| 2. | House Building Advance | BPS-01 to BPS-17 | Rs.250,000 | Rs.2,080/- | 120 |
| 3. | Motorcycle Advance | BPS-01 to BPS-17 | Rs.80,000 | Rs.1340/- | 60 |
| 4. | Cycle Advance | BPS-01 to BPS-17 | Rs.8,000 | Rs.100/- | 40 |
Conditions may apply:-
- The interest fee is available for only provincial government employees through the lucky draw scheme.
- Interested individuals can avail of only one item for this opportunity.
- Individuals cannot apply for more than one item.
- It is mandatory for the applicant to provide a DDO certificate.
- The applications from provincial government employees working in the civil secretariat or sub-departments will be verified in the civil secretariat.
The deputy commissioner of the relevant district is responsible for accepting the application.
