NBP Students 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 Deputy Secretary,
Ministry of Finance, Government of Pakistan.
ELIGIBILITY
Under the scheme the
students are eligible to apply for loans provided:
-
He/she
has obtained admission on merit in the approved universities/ colleges of
the public sector mentioned hereunder.
-
he/she
falls at the time of admission within the age bracket of:-
|
For
Graduation |
Not
exceeding 20 Years |
|
For
Post-Graduation |
Not
exceeding 30 Years |
|
For
Ph.D |
Not
exceeding 35 Years |
-
he/she
has secured 70% marks in the last public examination
-
he/she
has undertaken the study of the subject given below
-
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:-
|
Schedule Fee |
|
| Boarding expenses
excluding meal charges |
|
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.
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
|
|
|
a |
Top |
OTHER
INFORMATION
-
Application Forms are available at the
designated branches mentioned above or may be downloaded from
National Bank of Pakistan website
www.nbp.com.pk/StudentLoan
-
Applicants are required to submit/send their applications, duly completed,
to the designated branches indicated against
Universities/ Colleges latest by 28th February 2006.
-
Those
who are already enjoying this facility need not to be applied.
-
For
further clarification and guidance, applicant(s) may contact
Mr. Muhammad Riaz Khokhar,
Executive Vice President or Mr. Shamim Iqbal, Vice President,
Students Loan Wing,
National Bank of Pakistan,
Head Office, Karachi
Telephone No.021-9212714 and 9212100- Ext.2637.
