STUDENTS LOAN SCHEME

STUDENTS 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 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.
The amount of loans under the Scheme shall cover the cost of tuition fee, books and boarding for the entire duration. The amount of loan shall be disbursed directly to the concerned Universities/Colleges.

The student has to provide evidence of financial standing of the parents/guardian who is supporting him or her.
Candidates 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 Colleges/Universities afore-mentioned.

Applications are to be sent/submitted to Mr. Muhammad Riaz Khokhar, Executive Vice President, Students Loan Scheme Wing, Credit Group, National Bank of Pakistan Head Office, I.I. Chundrigar Road, Karachi.