NBP announces Student’s Loan Scheme 2015-2016

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National Bank of Pakistan (NBP) has started an interest-free Students Loan Scheme (SLS) for deserving students while 30th March 2016 is the last date to apply for these loans.

The official sources told that those students of government institutes are eligible and can apply for these loans who are studying in academic year 2015-16 for the programs of graduation, post-graduation, MPhil and PhD.

The residents of all areas of Pakistan including AJK, FATA and Gilgit-Baltistan can apply for these educational loans. The maximum age required for the applicants is 36 for PhD students, 31 for post graduate students and 21 for graduate students.

Those brilliant students can get financial aid through this loan who are studying in the fields of professional, scientific and technical education in Pakistan and could not pursue their education due to financial difficulties. Therefore, the students with minimum 70% marks in the last exams and have financial problems for further studies in Pakistan will receive financial aid through this educational loan scheme.

NBP Student's Loan

NBP Student's Loan

Within next 10 years, the successful candidates will have to pay back their loans while six months afte getting a job or one year after completion of their studies is the time for them to pay their first installment.

The educational fields in which these loans are available include natural sciences, molecular biology & genetics, oil gas & petrochemical, mathematics, biology, chemistry, physics, medicine, agriculture, electronics and engineering.

NBP is providing the approved application forms through its designated bank branches. On the availability of funds, the loans will be provided to the deserving students. The bank will not accept late or incomplete application forms.

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