ISLAMABAD – The National Bank of Pakistan (NBP) has launched the StudentsLoan Scheme for deserving students. The last date to apply for the programis August 31, 2018.
National bank will be providing interest-free loans to the students fromall parts of the country. The program is being implemented with the help ofmajor banks including HBL, UBL, MCB and ABL.
Those who do not have the resources to acquire professional, technical andscientific education can now apply for the scheme with easy to repay plansafter graduation or getting employed.
Students meeting the following criteria are eligible to apply for the loan:
– Must have obtained admission on merit in the approved public universities/colleges – Must meet the age criteria: – Graduation (=link.
If the student meets the eligibility criteria, he/she can duly fill in theapplication form and submit it to the designated branches assigned to eachapproved college and university before the deadline.
It must be noted that the students who have already availed the loan cannotapply for the scheme.
The loan covers the entire duration of the study and will be disbursed tothe students in the form of fee and boarding expense (paid directly to theuniversity) and other charges including textbooks etc. ( paid to thestudent directly).
The loan is to be returned within 10 years from the disbursement of thefirst installment. The repayment period begins one year after graduation orafter six months of employment.