{"id":10573,"date":"2025-07-11T12:11:10","date_gmt":"2025-07-11T12:11:10","guid":{"rendered":"https:\/\/icap.org.pk\/?page_id=10573"},"modified":"2025-07-14T09:11:56","modified_gmt":"2025-07-14T09:11:56","slug":"interest-free-loan-facility","status":"publish","type":"page","link":"https:\/\/staging.icap.org.pk\/icap\/students\/scholarships\/interest-free-loan-facility\/","title":{"rendered":"Interest-Free Loan Facility"},"content":{"rendered":"<p>In  line with the mission to promote equitable access to CA profession, The  Institute of Chartered Accountants of Pakistan (ICAP) has partnered with Ihsan  Trust (IT) to introduce an Interest-Free Loan Facility for CA students. An MoU has  been signed on July 2, 2025, marking the formal launch of this initiative.<\/p>\n<p>This  facility is aimed at academically talented yet financially deserving students,  empowering them to pursue their Chartered Accountancy qualification without  financial hindrance. The initiative reflects ICAP&rsquo;s commitment to removing  economic barriers and ensuring that merit and dedication are the defining  factors in achieving success in the profession.<\/p>\n<p><strong>Eligibility  Criteria<\/strong><\/p>\n<p>Students  may apply for the Interest-Free Loan if they meet the following conditions: <\/p>\n<p>1. Are  enrolled with ICAP and studying at any of the following levels, meeting the  corresponding academic criteria:<\/p>\n<p><strong>PRC Level<\/strong><\/p>\n<ul>\n<li><span dir=\"ltr\"> <\/span>Minimum 75% marks in HSSC  or equivalent qualification; or<\/li>\n<li><span dir=\"ltr\"> <\/span>Minimum 65% marks in  graduation; or<\/li>\n<li><span dir=\"ltr\"> <\/span>Minimum two B&rsquo;s in A  Level<\/li>\n<\/ul>\n<p><strong>CAF Level<\/strong><\/p>\n<ul>\n<li><span dir=\"ltr\"> <\/span>For 1st attempt of CAF  level: Overall a maximum of one failure in PRC level shall be acceptable.<\/li>\n<li><span dir=\"ltr\"> <\/span>After 1st attempt of CAF  level: All papers passed in 1st attempt or overall, a maximum of one failure in  CAF level shall be acceptable.<\/li>\n<\/ul>\n<p><strong>CFAP\/MSA Level (During  Training Only)<\/strong><\/p>\n<ul>\n<li><span dir=\"ltr\"> <\/span>For 1st attempt of CFAP  level: Overall a maximum of two failures in CAF level shall be acceptable<\/li>\n<li><span dir=\"ltr\"> <\/span>After 1st attempt of CFAP  level: All papers passed in 1st attempt or overall, a maximum of one failure in  CFAP\/MSA level shall be acceptable<\/li>\n<\/ul>\n<p>2. Are  financially deserving, as assessed and approved by Ihsan Trust.<\/p>\n<p>3. Are  not availing any other scholarship or financial assistance from ICAP.<\/p>\n<p><strong>Extent  of Support<\/strong><\/p>\n<p>Eligible  students may receive loan up to 70% of ICAP dues, subject to assessment and  approval by Ihsan Trust.<\/p>\n<p><strong>How  to Apply<\/strong><\/p>\n<p>Eligible  students may apply by submitting the duly filled application form along with  all required supporting documents.<\/p>\n<p>Download  Form: <a href=\"https:\/\/icap.org.pk\/view\/?add=temp\/pdf\/&#038;file=ICAP-ApplicationFormisb2025.pdf\">ICAP Application Form<\/a><\/p>\n<p><strong>Note:<\/strong> Incomplete  Forms or Forms without supporting documents shall not be considered and may be  rejected without notification.<\/p>\n<p><strong>Application  Processing<\/strong><\/p>\n<p>Applications  received by the <strong>15th of every month<\/strong> will be forwarded to Ihsan Trust for  processing, evaluation, and disbursement.<\/p>\n<p>Successful  applicants will initially receive funding for one year, with continued support  subject to satisfactory academic performance.\u00a0<\/p>\n<p><strong>Repayment  Terms<\/strong><\/p>\n<p>Loan  repayment will begin from the month following disbursement, based on easy  monthly installments mutually agreed upon between the student and Ihsan Trust.<\/p>\n<p><strong>Important  Notes<\/strong><\/p>\n<ul>\n<li><span dir=\"ltr\"> <\/span>The approved amount will  be automatically adjusted at the time of submitting the relevant form(s) by the  student. <\/li>\n<li><span dir=\"ltr\"> <\/span>Support is available once  for each subject; repeat attempts will not be facilitated.<\/li>\n<li><span dir=\"ltr\"> <\/span>Students are encouraged  to plan their coursework on a six-monthly basis to manage funding and academic  progress effectively.<\/li>\n<\/ul>\n<p><strong>For  Queries<\/strong><\/p>\n<p>For  further information or assistance, please contact:<br \/>\n  Email: <a href=\"mailto:IFL@icap.org.pk\">IFL@icap.org.pk<\/a> <br \/>\n  Phone:  042-111-000-422 (Ext: 156)<\/p>\n<p><strong>Address for Submission of Application:<\/strong><\/p>\n<p>Nazia Akmal <br \/>\nSenior Manager, Education &#038; Training Department<br \/>\nICAP House: 155-156 West Wood Colony<br \/>\nThokar Niaz Baig, Raiwind Road, Lahore <br \/>\n(042) 111-000-422<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In line with the mission to promote equitable access to CA profession, The Institute of Chartered Accountants of Pakistan (ICAP) has partnered with Ihsan Trust (IT) to introduce an Interest-Free&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":216,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"class_list":["post-10573","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/pages\/10573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/comments?post=10573"}],"version-history":[{"count":18,"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/pages\/10573\/revisions"}],"predecessor-version":[{"id":10602,"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/pages\/10573\/revisions\/10602"}],"up":[{"embeddable":true,"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/pages\/216"}],"wp:attachment":[{"href":"https:\/\/staging.icap.org.pk\/icap\/wp-json\/wp\/v2\/media?parent=10573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}