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Student loans by National Bank of Pakistan

 

Student loans are always a good way to fully or partly finance your education.

National Bank of Pakistan is offering interest free student loans to all students of Pakistan (Qarz e Hasna) The loan covers the actual tuition fee, living expenses and cost of books. It is available both at the bachelors level and at the MS level as well.

The repayment of loan starts once you graduate and get a job or one year after graduation. You just pay back the principle amount and no interest. You have to pay back the loan in 10 years which makes it really easy to pay it back.

Lets take an example. Let us say you want to study BBA. It is a four year program with average and typical tuition fee of Rs 60,000 per semester. So in four years you ll take a loan of 60,000 X 8 = Rs 4,80,000/- for payment of tuition fee and around Rs 8000 per month as living expenses which comes to around Rs 400,000. So the total loan would be around Rs 900,000. You have to pay this back in 10 years so your monthly installment would be Rs 8000 per month which you can easily afford after getting a job.

The NBP student loan is available in the following areas of studies.

Engineering, Electronics, Oil Gas & Petro-Chemical  Technology, Agriculture, Medicine, Physics, Chemistry, Biology, Molecular Biology & Genetics, Mathematics, Other Natural Science, Dawa and Islamic Jurisprudence , (LL.B/LL.M Sharia) , Computer Science/Information, System and Technology including hardware ,Economics, Statistics and Econometric, Business Management Science, Commerce

You need to have secured 70% marks in your last examination to be eligible for this loan.

You can apply and get more information including application forms  at

http://www.nbp.com.pk/studentloan/

 

If you have any questions you can ask it in the discuss forum below and I ll try to answer it shortly

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  • Nayab Kanwal

    I am studying in Dow University Karachi. I am in second year (3rd Semester) of Medicine, i got 3.79 gpa & 3.59 gpa in my 1st and 2nd Semester respectively. I have to ask you two question, first i am eligible for loan or not? second how can i apply for the loan and what is the duration of this process?
    Sicerely, Nayab Kanwal

    • jehanzeb_ahmad

      Dear Nayab,

      As per your CGPA you are definitely eligible for a student loan. The other condition is that you should be a student of a public sector university. I have checked and DOW university of health sciences is listed as a public sector university on the HEC website. Therefore you can directly apply for a student loan.

      Just go to this link

      http://www.nbp.com.pk/studentloan/

      and download the PDF application form. Fill it and submit it directly to the bank branch nearest to your location. You would need signature from your university admin on these forms.

      You can contact directly or by phone on the following information below if you have any problems

      Mr. Shamim Iqbal, Vice President,
      Students Loan Wing,
      Credit Management Group
      National Bank of Pakistan,
      Head Office, Karachi
      Telephone No. 021-99213026 and 99220100- Ext.2637.
      Fax. 021-99213021

      Email nbpstudentloan@nbp.com.pk

      Good Luck,

      Jehanzeb

      • Nayab Kanwal

        Thanku soo much for rplying, i’ll apply asap. One more thing to ask is there any sort of lucky draw or they just grant us loan?

        • jehanzeb_ahmad

          Dear Nayab,
          There is no lucky draw. Decision is need and merit based. Most students do get approved for these loans based on my experience. The actual loan amount might be less than what you ask for.
          Don’t worry about the session year 2012. I think they haven’t updated the forms. The same form should be ok for 2013 / 2014.
          regards

          Jehanzeb

          • SHAHZAD HUSSAIN

            SIR I STUDY B.TECH(ELECTRONIC) AT SARHAD UNIVERSTY AND BEFORE THIS I PASS MY DAE BUT MY PER IS 67% NOW I CAN TAKE THIS LOAN OR NOT

          • jehanzeb_ahmad

            Dear Shahzad
            I am not 100% sure but I think diploma course students are not eligible for student loans. You ll just have to check with NBP directly on this matter.
            Jehanzeb

        • Guest

          nice question

      • Nayab Kanwal

        I have downloaded the form but here it is written Application Form for Students loan session 2011-2012. So is it ok?

  • Mujtaba Ahmed Qadri

    As this loan is for Pakistani students do you have any idea to get loan if one wants to study abroad?

    • jehanzeb_ahmad

      Dear Mujtaba,
      Currently there are no student loans for studies abroad. You will be much better off with a scholarships. There are many many scholarships for Pakistani students who want to study abroad. Just check the scholarships section on my site.

      regards

      Jehanzeb

  • sohail ahmad

    sir when it will star in the year 2013?

    • jehanzeb_ahmad

      Dear Sohail
      There is no start or end date for these loans. You can apply any time. Just visit your nearest National bank branch for getting forms and other information or go to the link I posted above in my post.
      Jehanzeb

  • sohail ahmad

    sir where i can submitt this form ?

    • jehanzeb_ahmad

      Any branch of NBP in your area

  • abdul

    last date of student loan in 2013???

  • Princess Fouzia

    plz send me the list of nbp student loan scholarship 2013.that is recently updated????

    • jehanzeb_ahmad

      The NBP student loan list for 2013 is not available with NBP yet. You should check their site again after some time.
      regards,
      Jehanzeb

  • Rehmatullah wazir

    Respected Sir,

    i need more information about NBPL Student loan. when it starts, from i will get its form and what is procedure of apply?

    my e-mail is khan75wazir@gmai.com

    thanks

    • jehanzeb_ahmad

      I have given the link of NBP loan on my post above. Just click on that link and it will take you to the right page of NBP.
      regards
      Jehanzeb

    • Rehmatullah

      Respected Sir,

      I need information about PM ICT&RDF Scholarship 2013.

      i did visited their website but i am still not clear, how to apply and i do not want to take the coaching class then when and how should i apply?

      • jehanzeb_ahmad

        Dear Rehmatullah,
        Are you doing FSc right now?, if yes then check if your college is in the approved list of ICT fund. Its available on their website in PDF format.
        If you school or college is in the approved list then you ll have to apply and there will be a test. If you clear that test, then you ll get full scholarship for four years for undertaking your studies in an ICT related discipline.
        regards

        Jehanzeb

  • http://www.facebook.com/rehanullah.khan.507 Rehanullah Khan

    sir ,i am engneering from uet peshawar.i will give a separate test for student loan?

    • jehanzeb_ahmad

      There is not test for the student loan. Just apply
      Jehanzeb

  • Hasan Urfi

    Is it possible can an overseas international student can apply for this loan? i need almost 6 lacs for a semester.. i need it only for one time not for every semester

    • jehanzeb_ahmad

      Dear Hasan
      Unfortunately these loans are for studies within Pakistan in specific disciplines and not for overseas students.
      If you are doing a PhD abroad then you can get a one time grant of US$ 15000 from HEC to complete your PhD. since its a grant you dont have to return it either!!, but as such no loans. You will be better off trying to get a loan from a bank in the country where you are currently residing.
      Jehanzeb

      • http://www.facebook.com/meintasarulhaq Intasar Ul Haq

        sir kindly share a link for online registration form for student loan,
        waiting

        • jehanzeb_ahmad

          Replied in your earlier question on the same topic
          Jehanzeb

  • Muzaffar

    I am studying in a Private Sector Univeristy. Am i eligible for any kind of study loan like Qarz e Hasna?

    • jehanzeb_ahmad

      Dear Muzaffar
      Student loans are for public sector university students only, however you might be eligible for some scholarships. See the scholarships section on this site. It might be helpful.
      regards
      Jehanzeb

  • http://www.facebook.com/meintasarulhaq Intasar Ul Haq

    sir kindly share a link for online registration form for student loan,
    waiting
    regards,

    • jehanzeb_ahmad

      Dear Intasar

      The link for national bank student loans is

      http://www.nbp.com.pk/studentloan/

      Just go to this page and click on download form on the right side menu

      Jehanzeb

  • jannat koko

    when will be student loans given to those students who has applied for this scheme in 2012

    • jehanzeb_ahmad

      Dear Jannat
      I am not sure as you have to check with the bank directly. In my experience it usually takes around 6 months of processing time.
      regards
      Jehanzeb