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Student Loan Scheme 2022 in Pakistan

NBP Student Loan 2022

Student Loan Scheme 2022, Brief About Student Loan Scheme  

Pursuant to the announcement made by the Federal Finance Minister 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, HBL, UBL, MCB and ABL).

Under the Scheme, financial assistance is provided by way of Interest-Free Loans to meritorious students who have financial constraints for pursuing their studies in Scientific, Technical and Professional education within Pakistan.

The Scheme is being administered by a high-powered committee comprising the Deputy Governor, State Bank of Pakistan, Presidents of the commercial banks and representatives of the Ministry of Finance, Government of Pakistan.

The loan scheme is administered by the National Bank of Pakistan.

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Recently  an advertisement has been published for the deserving  Students who cannot bear there educational expenses  to apply for the interest free  Student loan to pursue there studies withing Pakistan  with the last date for application submission as 29 July 2022.

Students Loan Scheme Details of Eligibility

Criteria of the Scheme ELIGIBILITY

Under the scheme the students are eligible to apply for loans provided:
i) He/She has obtained admission on merit through normal course/procedure in
the approved Universities/Colleges of the public sector mentioned hereunder.
ii) He/She falls at the time of admission within the age bracket of:
For Graduation Not exceeding 21 Years
For PostGraduation Not exceeding 31 Years
For Ph.D Not exceeding 36 Years
iii) He/She has secured 70% marks in the last public examination.
iv) He/She has undertaken the study of the subjects given below.
v) He/She is unable to pursue studies due to financial constraints.


TYPES OF LOAN


The loan facility will be available for the entire duration of the study for:
Schedule Fee
Paid directly to the
Boarding expenses excluding meal charges University/College
Procurement of textbooks disbursed directly to the student


REPAYMENT


The maximum period of repayment of the loan is 10Years from the date of disbursement of the first
instalment. The borrower shall repay the loan in monthly installments after six months from
the date of first employment or one year from the date of completion of studies, whichever is
earlier.


APPROVED SUBJECTS

i) Engineering ii) Electronics
iii) Oil Gas & PetroChemical 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

OTHER INFORMATION


Application Forms are available from the designated branches
mentioned above or may be downloaded from National Bank of Pakistan
website along with details guidance http://www.nbp.com.pk/studentloan
Students are advised to submit (2) two sets of Student Loan Applications
Form.
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
aforementioned.
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.
Students who have availed this facility in the last / previous year(s) need not
to apply.

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