National Bank NBP Student Loan Scheme 2016: Online Registration, Eligibility Criteria & Loan Amount

Student Loan Scheme under the National Bank of Pakistan (NBP) is the initiative of Federal Ministry of Finance that was launched by the Federal Government of Pakistan during 2001-02 for taking the education to next level. In addition to NBP, various other banks such as HBL, UBL, MCB, and ABL are also the part of this initiative.

Under the NBP Student Loan Scheme, financial assistance is not in the shape of need based or merit based scholarship. In fact, financial assistance provided by the NBP is in form of interest free loans. These interest free loans are available for students pursuing their educational career in scientific, technical and professional education within Pakistan.

The NBP has announced the date for the interest free loan scheme for the year 2016. Check below the rest of the details.

Last Date to Apply:

Applicants are required to submit their applications along with supported documents latest by Monday, May 30, 2016.

NBP Student Loan Scheme Eligibility:

• Student must be admitted in public/government universities.
• Student must be admitted on merit basis. Self-support student are not allowed.
• The age of student at the time of admission must be as per following table:

1. For Graduation: Not more than 21 years
2. For Post-Graduation: Not more than 31 years
3. For Ph.D.: Not more than 36 years

• Student has secured minimum 70% marks in the last examination held.
• Student is unable to carry studies due to financial problems
• Student must be studying in the following subjects:

1. Engineering
2. Electronics
3. Oil Gas & Petro Chemical Technology
4. Medicine
5. Chemistry
6. Mathematics
7. DAWA and Islamic Jurisprudence (LL.B/LL.M Sharia)
8. Agriculture
9. Physics
10. Biology, Molecular Biology & Genetics
11. Other Natural Sciences
12. Computer Science & Information
13. Economics, Statistics, and Econometrics
14. Commerce
15. Business Management Sciences

Method for awarding of loan:

Loan will be available for entire duration of the study as per follow:

Fee of student will be paid directly to the university or college.

Hostel charges (excluding meal charges) and procurements of textbooks will be directly handover to the student.

Payment of Loan:

The period for repayment of loan is 10 years from the date of disbursement of first installment of loan. The repayment will be made as per:

• Six month from the date of first installment in case of student get the job; or
• One year from the date of completion of studies, whichever is later.

Here are useful link for NBP Student Loan Scheme:

Approved Universities and Colleges for NBP Student Loan Scheme

Admission For NBP Student Loan Scheme

Detail About Terms and Conditions

For further detail: Click here