Our Model

After reviewing the lists of applicants from our education partners, Ihsan Trust conducts stringent interviews to comprehend the need of each student.

If the need is genuine and merit is up to the mark, Ihsan Trust approves the case and disburses the amount to university account.

Ihsan Trust disburses the approved loan directly to the university account.

The students start repaying a mutually agreed token amount from the very next month while studying.

Repayment Method

During the study period, the student has to repay a mutually agreed nominal amount.

The repayment amount will depend upon the student’s financial position and his/her parents’ monthly income.

Monthly token repayment from the student starts from the very next month, after the managing trustee approves student for the Interest-free loan facility.

After the completion of his/her education, the repayment amount will be adjusted according to the income of the student.

To Repay

Repay by visiting any branch of Meezan Bank Ltd. with the help of your Dealer Code (CNIC Number).

Students have to print and deposit the slip mentioned below in Meezan Bank Ltd. Through repaying via CMS, the details of your repayment are automatically updated into Ihsan Trust’s system.

CMS Deposit Slip

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Repay

Frequently Asked Questions

Interest-Free Loan FAQs:

Repayment FAQs:

1What is Ihsan Trust?
Ihsan Trust (IT) is a non-profit organization registered in 2010 as Waqf (Trust). The major focus of IT is in the domain of providing "Interest-Free Loan" for Higher Education to the needy and deserving students of Universities and Professional bodies across Pakistan. Through this scheme, the Ihsan Trust bears the educational expenses of the students purely on "Need cum Merit" basis in order to enable them to complete their Degree or Professional Qualification. 

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2Who can avail Ihsan Trust’s Interest-Free Loan facility?
Only Citizens of Pakistan (male & female) could avail the Ihsan Trust’s Interest-Free Loan facility.
3Does Ihsan Trust provide Interest-Free Loan for studies abroad?
No, Not currently.
4Is Ihsan Trust providing Interest-Free Loan for Health, Marriages for girls, business loan, loan for home or car facility?
No, Not currently.
5What is the procedure for availing Ihsan Trust’s Interest-Free Loan facility?
The student must apply through his/her university. The student should coordinate with the financial aid department/student financial aid office of his/her respective university, where he/she would be directed by the focal person from the university on how to initiate the process to avail of this facility.
6What is processing fee or other charges to apply Ihsan Trust’s Interest-Free loan?
No, there is no any processing fee, hidden or any other charges for applying Ihsan Trust’s Interest-Free Loan facility.
7Which universities are affiliated with Ihsan Trust?
Education partners.
 
8What is the process of making repayments?
The repayment of Interest-Free Loan is mandatory (compulsory) and is on monthly basis. The student has to pay his/her repayments as per the mutual agreement from the next month of loan disbursement.
9Is it necessary to make regular monthly payments?
Yes, it is mandatory.
10If any student is unable to make regular payments, how can it affect their funding from Ihsan Trust?
In case the loan recipient is unable to pay regular monthly repayments, further funding (Loan) for that student will be stopped.
11What are different channels to repay one’s loan?
There are four ways to make monthly repayments: 1. Cash Management System via Meezan Bank Branches. 2. Online repayment system via Ihsan Trust website, 3. Inter Bank Funds Transfers (IBFT) through other banks transfer 4. Direct/Internal funds transfer through Meezan Bank account/Meezan Bank app.
12What is repayment account details?
Bank Name: Meezan Bank A/C Name: IHSAN TRUST Branch Code: 0101 A/C No.: 0100634002 IBAN: PK61MEZN0001010100634002
13What is my Dealer Code/Consumer Code which is required at the time of repaying through CMS?
Dealer Code/Consumer Code is student CNIC Number. The dealer code is updated by Ihsan Trust’s team in the system immediately once the student’s case is approved.
14What is the time period to pay back Ihsan Trust’s Interest-Free Loan?
The monthly repayments start in the education period from the next month of loan disbursement. After completing the degree Program (for which loan facility provided by IT), the student has to clear the outstanding Loan balance within 03 to 05 years time period max.
15How will I know the amount of repayment due?
The students are encouraged to keep track of their loan repayment; however, one can call us or WhatsApp us at +92-331-0044726 or email at [email protected] to confirm about his/her due amount of repayment.

Donation FAQs:

16What is donation account details?
Bank Name: Meezan Bank A/C Name: IHSAN TRUST Branch Code: 0101 A/C No. 0101385405 IBAN: PK21MEZN0001010101385405
17Can the donor claim Tax-Benefit in Pakistan by donating to Ihsan Trust?
Yes, all donations to Ihsan Trust are exempted U/S 2(36) of the Income Tax Ordinance, 2001 read rule 212 and 220 of the Income Tax Rules 2002 from FBR.
18Can an International donor claim Tax-benefit by donating to Ihsan Trust?
Yes, USA based donors can donate via I-Care Fund America. Ihsan Trust is a partner of I- care America in US. The i-Care Fund America, Inc is a 501 (c) (3) organization in the United States. It complies with all federal laws (IRS, Homeland Security, State Department) as well as all US state laws. Donations directed through The i-Care Fund America, Inc., to support organizations in Pakistan, are eligible for U.S. tax benefits. The i-Care Fund America, Inc. is a registered license holder in 23 states within the U.S.

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