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).
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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:
i) He/She has obtained admission on merit through normal course/procedure
in the approved Universities/Colleges of the public sector mentioned
hereunder.
ii) 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
iii) He/She has secured at least 70% marks in the last public
examination.
iv) He/She has undertaken the study of the subjects given below.
v) 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 one year from the
date of first employment or one year from the date of completion
of studies, which ever is earlier.
APPROVED UNIVERSITIES/INSTITUTIONS OF PUBLIC SECTOR AND DESIGNATED
NBP BRANCHES
Under the Scheme, loans is available in the following subjects.
i) Engineering
ii) Electronics
iii) Oil Gas & Petro-Chemical Technology
iv) Agriculture
v) Medicine
vi) Physics
vii) Chemistry
viii) Biology, Molecular Biology & Genetics
ix) Mathematics
x) Other Natural Sciences
xi) DAWA and Islamic Jurisprudence (LL.B/LL.M Sharia)
xii) Computer Science/Information
System and Technology including hardware.
xiii) Economics, Statistics and Econometrics
xiv) Business Management Sciences
xv) Commerce
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IMPORTANT INSTRUCTIONS:
Application Form will not be entertained if the same is not properly
& duly filled in and found missing therewith the following
documents.
i) Three Photographs of Student attested by not below the rank
of BPS-17.
ii) Attested photocopies of Fee Challan raised/demanded by the
Educational Institution and Boarding expenses (excluding meal
charges).
a) Income certificate from the employer i.e. Government/semi
Government/ Private service
b) Income Certificate from the area counselor of the Union Counsel
i.e. for self
employed
iii) Attested photocopies of: -
a) Domicile
b) Computerized N.I. Card.
iv) Attested photocopies of all educational certificates
a) Secondary School Certificate
b) Higher Secondary Certificate
c) Degree(s)
d) Marks Sheet/Transcript (Last Examination)
v) A certificate (in original) from the Vice Chancellor/ Principal/Registrar
of the
concerned University Letter Head confirming date of admission
and completion date of study. vi) Four un-stamped self-addressed
envelope (5 X 11).
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 their applications on the prescribed
form, duly completed in all respect, to the designated branches
indicated against each University/College by the given date.
Application shall be considered on merit according to the availability
of funds.
Any application which is not made on the prescribed form or is
un-signed or does not contain the required particulars and documents
or reaches late will not be entertained.
Students who have availed this facility in the last / previous
year(s) need not to apply.
| ONLY
SUCH APPLICATION RECEIVED BY THE DESIGNATED BRANCHES ON
OR BEFORE 27TH FEBRUARY 2010 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