| Q. No. 1 |
Who is eligible to apply Bila Sood Qarz from OPF? |
| Answer |
A registered member of Overseas Pakistanis Foundation who becomes disabled is eligible to apply for bila sood qarz from OPF. The applicant will have to prove his disability by providing a disability certificate from Surgeon/Specialists. The applicant should not have a substantive income and should be regarded as a destitute.
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| Q. No. 2 |
Is there any restriction for filing the applications for grant of Bila Sood Qarz? |
| Answer |
A disabled overseas Pakistani can apply for loan within three years of occurrence of disability. In case the disability occurs abroad, three years period will start from the date of occurrence and if the disability occurs in Pakistan, three years period will start from the date of return to Pakistan.
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| Q. No. 3 |
For what purpose the loan is awarded? |
| Answer |
The main purpose for awarding loan is economic rehabilitation of a disabled Overseas Pakistani. Loan is awarded for establishing a small-scale feasible business, which the applicant desires.
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| Q. No. 4 |
What is the maximum limit of loan? |
| Answer |
The maximum limit of loan is Rs. 1,50,000/-
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| Q. No. 5 |
What is the procedure of payment of loan? |
| Answer |
After approval of loan by the competent authority the payment of loan is made in two equal installments. 1st installment (50% of the approved loan) is released only after receiving one personal guarantee of an officer of any Government, semi Government, Autonomous and Semi Autonomous bodies working in NPS-17 and above or local public representative. 2nd and final installment is released after satisfactory report of visiting officer.
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| Q. No. 6 |
What is the procedure for recovery of Bila Sood Qarz? |
| Answer |
The amount of loan is recovered in 60 equal monthly installments.
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| Q. No. 7 |
Is there any prescribed application form for Bila Sood Qarz? |
| Answer |
Yes, there is a prescribed application form which can be obtained free of cost from OPF Head Office, Islamabad and its Regional Offices at Lahore, Karachi, Peshawar, Quetta and Mirpur (AK) and from OPF website.
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BILA SOOD QARZ
OPF MEMBERSHIP