Interest free loans to be provide by KP govt to employees

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interest free loans

PESHAWAR: The Khyber Pakhtunkhwa (KP) government has decided to provide interest-free loans to government employees.

As per details, the loan can be acquired by a government employee for purchasing of a house, car, motorcycle or bicycles.

The government employees from Grade 1 to 17, having a minimum service period of five years and a maximum of 10 years, will be eligible to apply for the loan.

According to a circulation issued by the KP government, the employees serving in grade 18 and above can acquire a loan for the purchase of car only.

Loans ranging from Rs8000 to Rs250,000 would be given to government employees, reads the letter.

Read More: Anti terrorism court cancels exemption to ex-mayor in May 12 case hearing

Special Assistant to Chief Minister Khyber Pakhtunkhwa Abdul Karim Wednesday said the provincial government would give interest-free loans to women entrepreneurs to promote their businesses.

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