Student loan in pakistan

Student loan in pakistan

In pakistan several banks are providing education loans for the students at very low interest rtaes in helping them to pursue their higher education, The students in pakistan can get education loans for studying in pakistan and abroad.

The tution fee, hostel fee, travel fee and all other expenses are covered under education loans, All the pakistani students who were pursuing higher education in pakistan or abroad at any recognised school, college and university  are eligible to apply education loans from the banks in pakistan.

Following is the small list of banks which lending education loans in pakistan:

1. National Bank of Pakistan
2. State Bank of Pakistan
3. Allied Bank Limited
4. Atlas Bank Limited
5. Bank Al Habib Limited
6. Bank of Punjab
7. Faysal Bank
8. Habib Bank Limited
9. Khushhali Bank
10. Meezan Bank
11. NIB Bank
12. Soneri Bank Ltd

All the above banks are issuing education loans quickly in a simple process with very less documentation, The banks in pakistan are also offering the chance for students to repay the  Education loan amount in tenure of 10 years.

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Student Loan Scheme of SBP

Student Loan Scheme of SBP

Pursuant to the announcement made by the Federal Finance Minister in his 2001-2002 budget speech, a STUDENTS LOAN SCHEME (SLS) for Education has been launched by the Government of Pakistan in collaboration with major commercial banks of Pakistan (NBP, HBL, UBL, MCB & ABL). Under the Scheme, financial assistance will be provided by way of Interest Free Loans to the meritorious students who do not have adequate financial means to pursue studies in Scientific, Technical and Professional education within Pakistan. 

The Scheme will be administered by a high power committee comprising Deputy Governor, State Bank of Pakistan, Presidents of the commercial banks and Deputy Secretary, Ministry of Finance, Government of Pakistan. 

The objective of the Students Loan Scheme is to provide financial assistance to the meritorious students of insufficient means who have obtained 70% marks in the last public examination and are unable to pursue their studies within Pakistan due to financial difficulties. 
Loans under the scheme shall be granted to students who are nationals of Pakistan including Northern Areas, Federally Administered Tribal Areas and Azad Jammu and Kashmir and of age not exceeding 20 years for 
graduation, 30 years for post-graduation and 35 years for Ph.D. 
Students Loan Scheme will be allowed only to those students who have been admitted to an approved Universities/affiliated Colleges. 

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