The National Bank of Pakistan (NBP) is providing a student loan scheme in 2023 to assist students who are unable to afford their educational expenses. The aim of this initiative is to make education more accessible for students who have the potential but lack the financial resources. Please read this article in its entirety as we have all the necessary information about the NBP Student Loan Scheme 2023.
NBP Student Loan Scheme 2023
The student loan scheme offered by the public bank of Pakistan in 2023 has specific eligibility criteria that must be met in order to obtain the loan. All the necessary information about these criteria is provided on this page, so please read it carefully to find out everything you need to know. By checking the public bank of Pakistan’s student loan scheme for 2023, you can determine whether or not you are eligible to apply for the loan. Please continue reading this article to get all the information you need.
PM Educational Student Loan Scheme 2023
The Federal Government of Pakistan, in collaboration with the Apex Committee, has announced an interest-free student loan scheme for 2023. The National Bank of Pakistan’s apex committee has approved loan schedules for poor and needy students in Pakistan, with a total loan amount of Rs. 82.6 million. To learn more about the NBP Student Loan Scheme 2023, you can visit the website for online registration. If you wish to complete your education but lack the necessary funds, you can apply for the student fee loan program through this scheme.
National Bank NBP Student Loan Scheme 2023
The aim of the Student Loan Scheme is to provide financial assistance to deserving students who lack the necessary means to fund their education. The loans are granted for a maximum period of ten years from the date of disbursement of the first installment and are repayable within five years following six months from the date of first employment or one year from the date of completion of studies, whichever is earlier.
NBP Student Loan Eligibility Criteria
The eligibility criteria for the student loan scheme are as follows:
- The candidate must have obtained admission on merit through proper channels in selected universities/colleges of the public sector as mentioned on the official website.
- The age of the candidate is based on their level of education. For graduation, the age must not exceed 21 years; for post-graduation, the age must not exceed 31 years; for Ph.D., the age must not exceed 36 years.
- The candidate must have scored at least 70% marks in their public examination.
- The candidate must be studying in one of the selected subjects given on the official website.
- The candidate must be unable to obtain admission to their desired college/university due to financial problems.
Type of Loan Scheme
Schedule Fee Boarding expenses excluding meal charges. Procurement of textbooks. Disbursed directly to the student
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How to Apply for Student Loan Scheme 2023
To apply for the student loan scheme, please follow the steps given below:
- Go to the link provided.
- Click on the application form and download it.
- Fill out the application form with the required information.
- Complete the next process as per the instructions provided.
- Submit the completed application form along with the required documents to the nearest NBP bank branch.
National Bank of Pakistan Student Loan Scheme 2023
| Application Form |
Mentioned Subjects for NBP Student Loan
| 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 |
National Bank of Pakistan, being the executive of the Student Loan Scheme 2023, plays out every one of the capacities like getting and examining the advance applications, payment of credits, and their recuperation.
www.nbp.com.pk Student Loan Scheme
In his 2001-2002 budget speech, the Federal Finance Minister announced the launch of a Students Loan Scheme (SLS) for Education in collaboration with major commercial banks of Pakistan, including NBP, HBL, UBL, MCB, and ABL.
Students Loan Scheme – Details of Eligibility Criteria
The Student Loan Scheme provides monetary assistance to deserving students with financial constraints to pursue their studies in scientific, technical, and professional education within Pakistan through interest-free loans.
Application form
The administration of the Scheme is carried out by a robust committee comprising of the Deputy Governor of the State Bank of Pakistan, Presidents of commercial banks, and a representative of the Ministry of Finance, Government of Pakistan.
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| Student Loan Scheme – Details | View Here |
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NBP Student Loan Scheme Application Form 2023
The maximum duration for the NBP Student Loan Scheme 2023 is 10 years, and students are required to repay their loans within this period. The first installment of the loan must be repaid by students after six months of getting their first job or one year after completing their studies, whichever comes earlier.
If you require additional information about the scheme, you may request it from us. Once you are satisfied with the details provided in this article, you may proceed to apply for the NBP Loan 2023.
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Contact Number and Address
| Contact Number | +92 -21- 99220100 (30 lines), +92 -21- 99062000 (60 lines), +92-21 111-627-627 |
| [email protected] | |
| Address | National Bank of Pakistan, Head Office, NBP Building, I.I. Chundrigar Road Karachi, Pakistan. |
| Official website. | www.nbp.com.pk |