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.
Administrator of the Scheme:
National Bank 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.
TYPES OF LOAN
The loan facility will be available for entire duration of the study for:- Schedule Fee Paid directly to the Boarding expenses excluding meal charges University/College Procurement of textbooks --- Disbursed directly to the student
REPAYMENT OF LOAN
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 Econometrics
xiv) Business Management Sciences
xv) Commerce
OTHER INFORMATION
Application Forms are available from the designated branches mentioned above or may be downloaded from National Bank of Pakistan website
www.nbp.com.pk/studentloan .
The students desirous of availing loan under the Scheme may apply on prescribed form for financial assistance subject to he or she has got admission on merit through normal procedure in the Universities/ Colleges afore-mentioned.
Applicants are required to submit/send their applications on the prescribed form, duly completed in all respect, to the designated branches indicated against each University/College by the given date. Incomplete application shall not be entertained.
Students who have availed this facility in the last / previous year(s) need not to apply.
For further clarification and guidance, applicant(s) may contact Mr. Shamim Iqbal, Vice President, Students Loan Scheme Wing, National Bank of Pakistan, Head Office, Karachi. Telephone No. 021-99213026, and 021-99212100- Ext.2637, 2617 Fax No. 021-99213021.
