National Bank of Pakistan Student Loan Scheme 2015-16: Criteria, Procedure & Form

Written by Abdul Hadi
(Last Updated On: 04/12/2015)

Government of Pakistan with the collaboration of major commercial banks of Pakistan (NBP, HBL, UBL, MCB and ABL) has launched Interest-Free Loans for those meritorious students who have financial constraints for continue their studies in technical, scientific and professional education within Pakistan.

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

Administrator of the Scheme is National Bank of Pakistan.

Eligibility Criteria 

  • Student is unable to continue studies due to financial constraints.
  • Student has got admission on merit base through normal procedure in the approved Universities/Colleges of the public sector mentioned here under.
  • Student must not be admitted on self-support/finance basis.
  • Student has obtained minimum 70% marks in the last public examination.
  • Student has undertaken the study of the subjects given below.

Age Limitation

Only those students can apply for this loan at the time of admission who fall under the following age:

  • For Graduation                           Maximum age 21 Years

The eligibility criteria for students to apply for this loan is given below:

  • Student is unable to continue studies due t
  • For Post-Graduation                 Maximum age 31 Years
  • For Ph.D.                                     Maximum age 36 Years

Category of Loan

Two types loan facility will be available for entire duration of the study.

  1. Loan will be paid directly to the University/College for:
  • Schedule Fee
  • Boarding expenses excluding meal charges
  1. Loan will be paid directly to the student for :
  • Procurement of textbooks

Repayment of Loan

  • The maximum time duration to return loan is 10-Years from the date of disbursement of first installment.
  • The borrower will return the loan in monthly installment either;
  • after six months from the date of first employment or
  • one year from the date of completion of studies, whichever is earlier.

Approved Subjects

Student must be admitted in the following subjects:

i) Computer Science/Information System and Technology including hardware

ii) DAWA and Islamic Jurisprudence (LL.B/LL.M Sharia)

iii)  Economics, Statistics and Econometrics

iv) Oil Gas & Petro-Chemical Technology

v) Biology, Molecular Biology & Genetics

vi) Business Management Sciences

vii) Other Natural Sciences

viii) Mathematics

ix) Engineering

x) Agriculture

xi) Commerce

xii) Electronics

xiii) Chemistry

xiv) Medicine

xv) Physics.

Approved Universities and Colleges for NBP Student Loan Scheme

Admission Form for NBP Student Loan Scheme

Detail About Terms and Conditions

For further detail: Click here

About the author

Abdul Hadi

Author is a C.A and professional blogger who has been writing since ten years. He specializes on various topics including Business, Technology, News, and local reviews. Abdul graduated from Skans School of accountancy in 2014. He like to produce useful guides for local readers. He also writes for different newspapers and blogs. You can reach him on Facebook

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