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Banks Students Loan Scheme in Pakistan

According to 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 association with major commercial banks of Pakistan (NBP, HBL, UBL, MCB and ABL). Under the Scheme, financial assistance is provided by way of awareness Free Loans to the meritorious students who have financial restraint for following their studies in Scientific, Technical and Professional education within Pakistan.

Studies within Pakistan for the Session 2013 to 2014, Applications are invited for the grant of mark-up free Students Loan for pursuing Graduation, Post-Graduation, M. Phil and Ph.D studies within Pakistan in approved subjects at public sector institutions for the session 2013   to 2014. The candidates who have secured at least 70% marks in their last public examinations and meet eligibility criteria of the scheme but are financially weak to pursue their studies may submit their applications on the prescribed form supported by required documents (in duplicates) latest by 30th  March 2013.

Applications shall be considered according to availability of funds vis-a-vis merit. Applications which are not made on the prescribed form or are incomplete or reach late will not be entertained. Candidates who do not meet the eligibility criteria of the scheme are requested not to apply. Such application, if received, shall not be entertained at all. Any attempt at influencing the Students Loan Wing or loan sanctioning committee shall be considered a definite disqualification, even if the candidate is otherwise qualified.

Complete details including eligibility criteria, approved subjects, approved institutions, designated branches and application form are available at the National Bank of Pakistan website http://www.nbp.com.pk/studentloan and may also be obtained from designated branches as mentioned on NBP website. Last date for submission of applications will be provided soon here.

Eligibility
  • Under the scheme the students are eligible to apply for loans provided:
  • He/She has obtained admission on merit through normal course/procedure 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 21 Years
For Post-Graduation            Not exceeding 31 Years
For Ph.D                                 Not exceeding 36 Years

  • He/She has secured 70% marks in the last public examination.
  • He/She has undertaken the study of the subjects 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
Paid directly to the
University/College
Boarding expenses excluding meal charges
Procurement of textbooks— Disbursed directly to the student

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    

APPROVED UNIVERSITIES/COLLEGES OF PUBLIC SECTOR

For further clarification and guidance, applicant(s) may contact Students Loan Wing,

National Bank of Pakistan,
Head Office, Karachi.
Telephone No. 021 -99213026 and 99212100- 50, Ext. 2637,
Fax No. 021 – 99213021.

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