National Bank of Pakistani NBP Student Loan Scheme 2022 for academic year 2022-23 has been announced. The deserving students in Pakistan can now get interest free loan by National Bank of Pakistan to precede their further education plans. This is the pleasant news for the students that are truly intelligent but cannot get higher education due to insufficient of funds. National Bank of Pakistan is now offering student loan up to one million (1 million) as financial assistant to resident of Pakistan. Study in UK on Scholarships, click here to apply
NBP Student Loan Scheme 2022:-
The Student Loan Scheme owned by Government of Pakistan was announced during the budget speech of financial year 2001-2003. The purpose behind announcement of loan scheme was provision of financial assistant of education for the impoverished and needy people of the country and so far so is good is that this scheme is going perfectly. Thousands of students already have completed their educational goals on the basis of loan sanctioned by the National Bank of Pakistan. A special meeting was convened under the chairmanship of the then Prime Minister of Pakistan regarding implementation the plan of Student Loan Scheme and it was unanimously decided that the scheme would be launched with the collaboration of massive commercial banks of Pakistan such as National Bank of Pakistan, Habib Bank Limited, United Bank Limited and Muslim Commercial Bank Limited. A high powered committee was constituted comprising of Deputy Governor (State Bank of Pakistan), President of Commercial Banks and representative of Minister of Finance in order to make the process transparent. US Scholarships 2022 for Pakistani Students.
Detail of NBP Student Loan Scheme 2022:-
Will be paid directly to Institution.
Will be paid directly to Institution.
Purchase of Text Books
Will be paid to directly to student
NBP Student Loan Scheme 2022 is for:-
21 years (age Limit)
31 years (age Limit)
For PhD & M Phil
36 Years (age Limit)
How to Return Loan:-
The loan offered under the Student Loan Schemeby National Bank of Pakistan will be awarded to the student for a period of 10 years. It is apt to mention here that the loan is interest fee loan. The student that gets loan will return the concerned bank in 10 years in share of installment. If student gets job instantly right after completion of education, he/she shall bound to repay after six months of employment otherwise student will bound to pay 1st installment after one year of completion of education.
Every citizen of Pakistan can apply for NBP Student Loan Scheme 2022 including students belong to Azad Jammu & Kashmir, Gilgit Baltistan and tribunal areas. However, students willing to get education at the level of graduation, post-graduation & are eligible to apply forscholarships. The students willing to get student loan must be studying in the following approved subject:-
Oil & Gas Petro-Chemical Technology
Biology, Molecular Biology & Genetics
DAWA & Islamic Jurisprudence
Economics, Statistics & Econometrics
Business Management Science
Students who are having interest to get education on this scheme are recommended to attach following documents before going to apply for loan:-
The eligibility criteria for grant to student loan scheme 2022 are mentioned below. One should remember that you must read following terms & conditions before going to apply for the loan scheme so that your precious time may not be wasted:-
The age of the students must be accurate as mentioned above. Students having upper age will not be considered.
Student has undertaken the field of study as mentioned above. Students other than approved subject will not be considered.
Student has obtained at 70% marks in the last examination.
Only need and impoverished students will be entertained.
How to Apply for Student Loan Scheme 2022:-
How to apply for the loan is key question in this post. The students are directed to follow the instructions issued by the National Bank of Pakistan in order to apply. The procedure is mentioned as under:-
Download application form from the official website of National Bank of Pakistan. Application form can also be obtained from the designated branches of NBP.
Student that has taken admission in the approved universities/colleges apply for this scheme otherwise no need to apply.
Students are requisitioned to furnish the application alongwith prescribed form and documents as mentioned above to concerned branch of National Bank of Pakistan.
Application must be completed in all respect otherwise will be rejected forthwith.
Application received after due date will not be entertained.
Student who already have availed the opportunity of student loan scheme last year is not eligible.
We have tried over level best to provide all information required for Student Loan Scheme 2022. However, if still need any clarification / justification please contact the below mentioned detail or leave a comment below.
Vice President, Student Loan Wing, National Bank of Pakistan, Head Office, Karachi. Telephone: 021-99220026, 9922100 (Extension) 2637.
Well! This is Ruqia living in Lahore, Pakistan. I am very glad to inform my valuable users visiting my website that I am a blogger. My ambition to work online is to facilitate the people of my community. As far as my hobbies are concerned, I love to play Badminton, Swimming and obviously watching cricket. My passion is to connect with good people around the world.