Connect With Us!
You can call us on Helpline
0800-99000(4)
You can also email your queries on
support.phf@punjab.gov.pk
Frequenly Asked Questions
General
How can we get application forms and other requirements?
You can download application forms here.
What about project cost/quotation?
Quotation must contain NTN/GST numbers, make/models of the equipment with their specifications including 1/3rd share of the applicant.
Is Government employee eligible for this loan?
Applicants working in government/ semi-government department/ local body/ statutory organization on regular or contract basis in any paid capacity are not eligible for this loan.
What is security required against loan?
There are three options of collateral required worth 20% in excess to the loan amount:
Each of the scheme has its own security requirements: Scheme I, Scheme II, Scheme III
Is there any penalty on late payment?
Yes, penalty on late payment of due installment is 4% per month.
Loan
What is penalty on mis-utilization?
Penalty on mis-utilization is double the mark up charged by the schedule bank at that time.
How can we repay? What is the mode of repayment?
You need to give us a postdated cheque as a guarantee that you will return the loan as per scheme limitations
How to get Personal Guarantee?
Parents, spouse and blood relatives can give personal guarantee on a stamp paper stating that they can take the responsibility in case you are not able to return the loan.
What is a promissory note? And how to get it?
Promissory note is a blank paper on which you have to get tickets issues from the court; it should be written on the paper that you shall pay the loan amount in designated time. (A specimen of promissory note is attached on the website)
How can we repay? What is the mode of repayment?
You need to give us a postdated cheque as a guarantee that you will return the loan as per scheme limitations