Staff Report (Lahore): National Bank of Pakistan (NBP) has announced The Students Loan Scheme Facility of Interest Free Loans to the Students.
A Qarz-e-Hasna Scheme has been re-launched under the name of “Student Loan Scheme” by the Government of Pakistan in collaboration with the major commercial banks of Pakistan with a view to extend financial help by was of mark-up free loans to the meritorious students without sufficient resources for pursuing scientific, technical and professional education within Pakistan.
Last date of application to the designated branches is 31st August, 2018.
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.
Administrator of the Scheme: National Bank of Pakistan.
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.
For more details visit: https://www.nbp.com.pk/studentloan/