In this article, you will find about having the student loan in Pakistan under the student loan schemes that are being provided by the different banks and trusts within the country in order to facilitate the students to continue their studies.
Student loans are very popular among students in different countries such as UK, US, Canada, Japan, Germany, etc. But in Pakistan, only a few banks and organizations have started offering students loans to students who desire to have higher education.
The student loan schemes are also offered by different banks in Pakistan in order to secure their bright future. Now don’t worry about your financial problem because Student Loan will help you to continue your studies and have bright career opportunities.
If you are a student and want to continue your studies but don’t have enough expense to carry on you can apply for the student loan schemes because these loan schemes are helping the poor and needy students in Pakistan to fulfill their dreams of getting a degree which they otherwise don’t get due to financial crises.
Once the students have completed their education and can return the loan to banks and organizations.
NBP Student Loan Scheme
The Government of Pakistan has joined hands with the NBP, HBL, MCB, and UBL to provide students financial assistance through a student loan scheme (SLS). Currently, the National Bank of Pakistan is providing the student loan scheme (SLS) in order to facilitate the students for continuing the education.
The loan will either be paid to the students or directly to the university. Students can repay the loan under 10-years after employment and it should be paid in installments after every six months.
Students must have at least 70% marks in their recent exams.
For the loan, the student must take admission to Public Sector College or universities and should have an age limit for graduation up to 21, for post-graduation 31 and for Ph.D. 36 years old. Students can take admission to any science or arts subject.
You can view more details and can download the application form for NBP Student Loan Scheme.
Al Khidmat Foundation
Al Khidmat Foundation is providing interest-free loans to students under the Mawakhat program. Al Khidmat Foundation is providing up to Rs.35,000 under the loan scheme to students and they have to repay it under the prescribed time limit.
For complete details about the Al Khidmat Foundation student loan click here.
Ihsan Trust is an NGO that is providing the student loan to the deserving candidates who want to continue their educations but not have enough financial support.
Ihsan Trust is supporting the students in rural and remote areas of Pakistan and help them in getting the skill development, education and orphan care facilities. Ihsan Trust is providing the student loan scheme under the title ‘Qarz-e-Hasana’.
Qarz-e-Hasana student loan scheme by Ihsan Trust is an interest free loan scheme in Pakistan and different from student to student according to their needs.
Students have to pay the repayment token expanse while they study, the repayment token is resolute by the salary of their parents. They will have to repay the full amount of loan after the education which will be based on their monthly income.
For more details about the Qarz-e-Hasana student loan scheme by Ihsan Trust click here.
Akhuwat Foundation is the well renowned organization in Pakistan. They are offering the loan schemes under which the people from 18 to 62 years can apply.
Akhuwat Foundation is also providing the student loan scheme under which students can have the interest free loan ranging from Rs. 10,000 to 50,000.
The students after having the matriculation are eligible to have the loan to continue their education till Master’s level. After the loan you have to repay it in installments that can be either paid by the parents or students himself.
For complete details about the Akhuwat Foundation student loan click here.
Professional Education Foundation (PEF) is also offering loans to deserving candidates who want to continue their education in the field of Business, IT, Management, Engineering, Agriculture and Medicine.
This foundation is offering student loan on merit and directly pay to the universities that are part of the PED board.
Below is the list of universities that are the part of the Professional Education Foundation
The University of Engineering and Technology
Fatima Jinnah Medical College
Quaid-e-Azam Medical College
The University of Peshawar
National University of Sciences and Technology
Those students who have got the loan will have to repay in installments from Rs. 300-500 and start repaying the loan 6 months into employment.
I hope this article will be helpful to you let us know by commenting below.
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