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NBP Student Load Scheme 2021 || National Bank of Pakistan Student Loan Scheme in Pakistan || https://www.nbp.com.pk/studentloan/ ||
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| NBP Student Load Scheme 2021 || National Bank of Pakistan Student Loan Scheme in Pakistan || https://www.nbp.com.pk/studentloan/ || |
Students Loan Scheme - Details of Eligibility Criteria of the Scheme
AIM:-
The scheme is being administered by a high
powered committee comprising Deputy Governor, State Bank of Pakistan,
Presidents of the Commercials Banks, and representative OF Ministry of Finance,
Government of Pakistan.
National Bank of Pakistan pursuant to the
announcement made by the Federal Finance Minster in his 2001-2002 budget speech
a Students Loan Scheme (SLS) for education was launched by the Government of
Pakistan in collaboration with major commercial banks of Pakistan (NBP, ABL, MCB,
HBL and UBL). Under the scheme, financial assistant is provided by way of
interest Free Loan Scheme to meritorious students who have financial constraints
for pursuing their studies in Scientific, Technical and Professional education within
Pakistan.
ELIGIBILITY:-
Under
the scheme the students are eligible to apply for loans provided:
a. He/She has obtained admission on
merit through normal course/procedure in the approved Universities/Colleges of
the public sector (List Attached) mentioned hereunder.
b. He/She falls at the time of
admission within the age bracket of:-
Ø
For Graduation - Not exceeding 21 Years
Ø
For Post-Graduation - Not
exceeding 31 Years
Ø
For Ph.D - Not exceeding 36 Years
Paid directly to the University/College.
c. He/She has secured 70% marks in
the last public examination.
d. He/She has undertaken the study
of the subjects given below.
e. He/She is unable to pursue
studies due to financial constraints.
TYPES OF LOAN:-
The
loan facility will be available for entire duration of the study for:-
a. Schedule Fee Paid directly to
the.
b. Boarding expenses excluding meal
charges University/College.
c. Procurement of textbooks ---
Disbursed directly to the student
REPAYMENT:-
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.
APPROVED SUBJECTS:-
a. Engineering
b. Electronics
c. Oil Gas & Petro-Chemical
Technology
d. Agriculture
e. Medicine
f. Physics
g. Chemistry
h. Biology, Molecular Biology &
Genetics
i. Mathematics
j. Other Natural Sciences
k. DAWA and Islamic Jurisprudence
(LL.B/LL.M Sharia)
l. Computer Science/Information
System and Technology including hardware.
m. Economics, Statistics and
Econometrics
n. Business Management Sciences
o. Commerce
OTHER INFORMATION:-
a. Application Forms are available
from the designated branches mentioned above or may be downloaded from National
Bank of Pakistan website www.nbp.com.pk/studentloan/.
b. Students are advised to submit
(2) two sets of Student Loan Applications Form.
c. The students desirous of
availing loan under the Scheme may apply on prescribed form for financial
assistance subject to he or she has got admission on merit through normal
procedure in the Universities/ Colleges afore-mentioned.
d. Applicants are required to
submit/send their applications on the prescribed form, duly completed in all
respect, to the designated branches indicated against each University/College
by the given date. Incomplete application shall not be entertained.
ONLY SUCH APPLICATION RECEIVED BY THE DESIGNATED BRANCHES ON OR BEFORE 31 ST MARCH 2020 SHALL BE ENTERTAINED. LOAN FACILITY IS SUBJECT TO AVAILABILITY OF FUNDS.
~
Students who have already availed this facility in the last / previous year(s)
need not to apply.
~
For further clarification and guidance, applicant(s) may contact:-
Mr.
Muhammad Tahir Hafeez, VP / Wing Head, Students Loan Wing, National Bank of
Pakistan, Head Office, Karachi. Telephone No. 021-99220026, and 021-9922100-
Ext.2637 Fax No. 021-99220421.
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