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 alongwith 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 educational session 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
The bank will not accept the applications without required loan form, incomplete. The bank will also not accept the applications if you deposit after 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 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
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