Student Loan Scheme By HEC Pakistan

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BRIEF ABOUT STUDENT LOAN SCHEME:

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:

He/She has obtained admission on merit through normal course/procedure in the approved Universities/Colleges of the public sector mentioned hereunder.

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

He/She has secured 70% marks in the last public examination.

He/She has undertaken the study of the subjects given below.

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

University/College

Boarding expenses excluding meal charges

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 UNIVERSITIES/COLLEGES OF PUBLIC SECTOR

Under the Scheme, loans is available in the following subjects.

 Engineering

 Electronics

 Oil Gas & Petro-Chemical  Technology

Agriculture

Medicine

Physics

Chemistry

Biology, Molecular Biology & Genetics

Mathematics

Other Natural Sciences

DAWA and Islamic Jurisprudence

(LL.B/LL.M Sharia)

Computer Science/Information

System and Technology including hardware.

Economics, Statistics and Econometrics

Business Management Sciences

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.

 Note:-

ONLY SUCH APPLICATION RECEIVED BY THE DESIGNATED BRANCHES ON OR BEFORE 28TH MARCH 2011 SHALL BE ENTERTEINED. LOAN FACILITY IS SUBJECT TO AVAILABILIBITY OF FUNDS

Mr. Shamim Iqbal, Vice President,

Students Loan Wing,

Credit Management Group

National Bank of Pakistan,

Head Office, Karachi

Telephone No. 021-99213026 and 99212100- Ext.2637.

Fax. 021-99213021

Email nbpstudentloan@nbp.com.pk
Information Source:-

http://www.hec.gov.pk/MediaPublication/News/Pages/StudentLoanScheme.aspx