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:



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.

Under the Scheme, loans is available in the following subjects.
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.