Interest Free Student Loan Scheme 2020

It is to share here for the concerned that Interest Free Student Loan Scheme 2020 has been initiated by National Bank of Pakistan. The willing students can deposit their applications along with the prescribed loan form up to Thursday 5th march 2020. Students of public sector universities can apply for these loans in the approved subjects for the education of graduation, post-graduation, M.Phil, and Ph.D. during the educational sessions 2017-2018, 2018-2019, and 2019-2020.

 

Features of Interest Free Student Loan Scheme 2020

 

The borrower can refund the loan amount in 10 years. The following students can apply for this loan scheme that is without interest :

 

  • Candidates who secured minimum 70% marks in the last exam
  • Who are eligible for the loan scheme
  • Financially weak and want to continue their studies

 

Students Loan Scheme (SLS) for Education 2021

 

The announcement of the Students Loan Scheme (SLS) for Education was made by the Federal Finance Minister during the annual budget 2021-22. The following banks will grant interest-free loan to the students on a merit basis:

 

  • National bank of Pakistan (NBP)
  • Habib Bank of Limited (HBL)
  • United Bank Limited (UBL)
  • Muslim Commercial Bank (MCB)
  • Allied Bank Limited (ABL

 

Interest Free Student Loan Scheme 2020

 

 

The bank will not accept the applications without the required loan form, incomplete. The bank will also not accept the applications if you deposit after the due date. The students are requested not to submit the application if they don’t fulfill the criteria. You can get the following details at the National Bank of Pakistan Student Loan program that was launched in 2001-2002 by the Federal Finance Minister of that time:

 

  • Eligibility
  • Types of Loans
  • Payment
  • Approved Subjects
  • List of Approved Colleges and Universities for Student Loan
  • Application Form

 

Details of Eligibility for Loan

 

 

You may also like: NBP Advance Salary Loan Calculator

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