Assalamu Alaikum friends, thousands of people have received loans under the Punjab Easy Business Card Scheme. The loan is completely interest-free, but still the Punjab government and Bank of Punjab will charge taxes and fees on it. How much tax and fees will we have to pay? We will tell you the complete details step by step in this article.
Friends, under the Punjab Government’s Easy Business Scheme, as much as your loan has been approved, friends, you will also have to pay taxes to the government and service charges to Bank of Punjab. How much server charges will you have to pay? Now I will tell you in detail. Secondly, what will be the annual fee of this card?
Table of Contents
1.Annual Maintenance Fees of Asaan Karobar Cards
Once you are approved for the Asaan Karobar Card and your loan is issued, you will receive a physical business card through which you can access the funds. This card comes with an annual maintenance fee, which is:
- PKR 25,000 per year
- The total duration of the loan is 3 years, so:
- PKR 25,000 × 3 = PKR 75,000 (Total card fee over 3 years)
This fee is mandatory and must be paid for maintaining the card and using the services provided.
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2. Government Taxes (FAT Charges)
In addition to the card fee, the Government of Punjab imposes a Federal Advance Tax (FAT) on the loan. This tax is approximately 16% of the applicable services, which amounts to around:
- PKR 933 per year
- Over 3 years: PKR 933 × 3 = PKR 2,799 (rounded to approx. PKR 2,800)
Combined with other minor tax deductions, the total tax portion is roughly around:
- PKR 28,000 (approximate total)
These taxes are required under government policy and will be deducted accordingly.
3. Additional Service Charges
Aside from the card and tax charges, the Bank of Punjab may apply extra service charges related to handling, SMS alerts, or card-related services. These are usually:
- Minimum PKR 1,000 per year
- Over 3 years: PKR 1,000 × 3 = PKR 3,000
These charges are minor but still must be considered when calculating your total expenses.
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4. Total Estimated Cost of the Asaan Karobar Card (2025)
| Description | Amount (PKR) |
| Annual Card Fee (3 years) | 75,000 |
| Government Taxes (FAT, etc.) | 28,000 (approx.) |
| Additional Service Charges | 3,000 |
| Total Charges | 106,000 |
So, even though the loan is interest-free, you are required to pay around PKR 106,000 over three years in various fees and taxes.
Asan Karobar Card Loan Repayment Duration
Remember, the loan repayment period is 36 months (3 years). During this time, you need to:
- Pay monthly installments of your approved loan (up to PKR 10 lakh).
- Ensure timely payments to avoid late payment penalties, which may be applied if installments are delayed.
Key Notes to Remember:
- The card fee is not refundable.
- All charges mentioned are approximate and can vary slightly based on policy updates.
- You must also avoid missing any installments, as late fee penalties are not included in the total cost mentioned above.
- These charges do not include the monthly repayment of your actual loan, only service-related expenses.
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Final Thoughts
The Asaan Karobar Card Scheme is still highly beneficial despite these charges, as there is no interest or markup on the loan amount itself. It helps small business owners and self-employed individuals access capital without the heavy burden of commercial bank interest rates. However, it’s important to be aware of the hidden costs such as card fees, taxes, and service charges, which can add up to over one lakh rupees during the 3-year period.
If you’re planning to apply for this scheme in 2025, make sure to budget not just for your business needs but also for these necessary service costs.
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