Student loan scheme has been launched by NBP(National Bank Of Pakistan) in collaboration with other major banks in Pakistan. All of these loans will be interest free which makes this scheme more attractive. Actually there is a great need of Education Loans in Pakistan because the literacy rate is still quite low in Pakistan. Almost all banks are offering Personal loans but there are only few banks which offer Education Loans.
Eligibility:
Types of Loans:Eligibility:
| Schedule Fee | Paid directly to the University/College |
| Boarding expenses excluding meal charges | |
| Procurement of textbooks--- Disbursed directly to the student | |
Repayment of Loans:
The maximum period of repayment of loan is 10-Years from the date of disbursement of first installment. The borrower shall repay the loan in monthly installment after six months from the date of first employment or one year from the date of completion of studies, which ever is earlier.
i) | Engineering | ii) | Electronics |
iii) | Oil Gas & Petro-Chemical Technology | iv) | Agriculture |
v) | Medicine | vi) | Physics |
vii) | Chemistry | viii) | Biology, Molecular Biology & Genetics |
ix) | Mathematics | x) | Other Natural Sciences |
xi) | DAWA and Islamic Jurisprudence (LL.B/LL.M Sharia) | xii) | Computer Science/Information System and Technology including hardware. |
xiii) | Economics, Statistics and Econometrics | xiv) | Business Management Sciences |
xv) | Commerce |
Note:
Application forms can be downloaded from here.
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