Student Loan Scheme NBP Pakistan

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 the 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 Deputy Governor, State Bank of Pakistan, Presidents of the commercial banks and representative of Ministry of Finance, Government of Pakistan.

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 Post-Graduation 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.

 

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
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 Econometric

xiv) Business Management Sciences

xv) Commerce


Administrator of the Scheme:  National Bank of Pakistan.




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