NBP Student Loan Scheme | Interest-Free Loans For Students {Updated}

The NBP Student Loan Scheme is a program initiated by the National Bank of Pakistan (NBP) to provide financial assistance to students pursuing basic and higher education in Pakistan.

The scheme aims to support students who face financial constraints and cannot afford to pay for their education expenses. Interest-free loans are provided to cover tuition fees, boarding and lodging expenses, and other academic-related expenses.

The NBP Student Loan Scheme has made it possible for deserving students to continue their education and pursue their career goals without worrying about financial constraints.

This loan scheme has helped thousands of students in Pakistan to fulfill their dreams of higher education and secure a better future for themselves and their families. Let’s discuss its details!

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NBP Student Loan Scheme | Student Loan Scheme In Pakistan

Table of Contents

• NBP Student Loan Scheme | Student Loan Scheme In Pakistan
  • NBP Student Loan Eligibility Criteria
• NBP Student Loan Loan Types And Repayment Period
  • NBP Student Loan Types
  • NBP Student Loan Approved Universities
• NBP Student Loan Online Application Process
  • NBP Student Loan Registration Form
  • NBP Student Loan Documents Required
  • NBP Student Loan Scheme Approved Subjects
  • NBP Student Loan Pros And Cons
    • Pros Of The NBP Student Loan Scheme:
    • Cons Of The NBP Student Loan Scheme:
  • FAQs | NBP Student Loan

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NBP Student Loan Eligibility Criteria

The NBP Student Loan Scheme provides financial assistance to students pursuing higher education in Pakistan. However, to be eligible for the loan, students must meet certain criteria.

The eligibility criteria for the NBP Student Loan Scheme are as follows:

Criteria	Details
Admission Requirement	Admission on merit through the normal procedure in approved public sector universities/colleges.
Age Limit	For Graduation: Not exceeding 21 years For Post-Graduation: Not exceeding 31 years For Ph.D.: Not exceeding 36 years
Academic Performance	Minimum 70% marks in the last public examination
Financial Constraint	Must be unable to pursue studies due to financial constraints
Citizenship	Must be a Pakistani citizen
Age Range	18 to 35 years
Academic Qualifications	Admission to a HEC-recognized public or private sector university, college, or institute
Minimum GPA	Minimum GPA of 2.5 or above in the last academic degree
Loan Amount	Varies by study category (e.g., engineering, medical) and degree type (e.g., undergraduate, graduate). Maximum: PKR 2.5 million for local studies, PKR 7.5 million for studies abroad
Guarantor Requirement	Must provide a guarantor who is a government employee of at least grade 17 or above
Study Subjects	Must undertake study of specific subjects as defined by the loan scheme

NBP Student Loan Loan Types And Repayment Period

NBP Student Loan Types

Category	Details
Types of Loans	Local Studies Loan: Up to PKR 2.5 million for studies in Pakistan. Studies Abroad Loan: Up to PKR 7.5 million for studies abroad.
Covered Expenses	Tuition Fees: Paid directly to the university/college. Boarding Expenses: Excludes meal charges; paid directly to the university/college. Textbooks: Disbursed directly to the student. Other Academic Expenses: Includes laboratory fees, examination fees, etc.
Repayment Period	Maximum of 10 years from the date of disbursement of the first installment.
Repayment Start	Six months after first employment or one year after completion of studies, whichever is earlier.
Repayment Schedule	Monthly or quarterly installments, with no penalty for early repayment.

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NBP Student Loan Approved Universities

The scheme supports students who are enrolled in universities, colleges, and institutes recognized by the Higher Education Commission (HEC) of Pakistan.

Here are some of the approved universities and institutions for the NBP Student Loan Scheme:

Sr. #	Universities/Colleges	Designated Branches
Islamabad
1	Air University, Islamabad	Foreign Office Branch Islamabad
2	Bahria University, Islamabad	Foreign Office Branch Islamabad
3	COMSATS Institute of Information Technology, Islamabad	Foreign Office Branch Islamabad
4	Federal Urdu University of Arts, Sci. & Tech., Islamabad	Foreign Office Branch Islamabad
5	International Islamic University, Islamabad	Foreign Office Branch Islamabad
6	National University of Medical Sciences, Islamabad	Foreign Office Branch Islamabad
7	National University of Modern Languages, Islamabad	Foreign Office Branch Islamabad
8	National University of Science & Technology, Islamabad	Foreign Office Branch Islamabad
9	National Defence University, Islamabad	Foreign Office Branch Islamabad
10	Pakistan Institute of Engineering & Applied Sciences, Islamabad	Foreign Office Branch Islamabad
11	Pakistan Institute of Development Economics (PIDE) Islamabad	Foreign Office Branch Islamabad
12	Quaid-e-Azam University, Islamabad	Foreign Office Branch Islamabad
13	Institute of Space Technology, Islamabad	Foreign Office Branch Islamabad
14	Shaheed Zulfiqar Ali Bhutto Medical University, Islamabad	Foreign Office Branch Islamabad
Lahore
1	Allama Iqbal Medical College, Lahore	Main Branch Lahore
2	Fatima Jinnah Medical College for Women, Lahore	Main Branch Lahore
3	Government College University, Lahore	Main Branch Lahore
4	King Edward Medical College, Lahore	Main Branch Lahore
5	Kinnaird College for Women, Lahore	Main Branch Lahore
6	Lahore College for Women University, Lahore	Main Branch Lahore
7	National College of Arts, Lahore	Main Branch Lahore
8	University of Education, Lahore	Main Branch Lahore
9	University of Health Sciences, Lahore	Main Branch Lahore
10	University of Veterinary and Animal Sciences, Lahore	Main Branch Lahore
11	Virtual University of Pakistan, Lahore	Main Branch Lahore
12	Pakistan Institute of Fashion & Design, Lahore	Main Branch Lahore
13	University of Engineering & Technology, Lahore	Baghbanpura Branch Lahore
14	University of Punjab, Lahore	New Garden Town Branch Lahore
15	Information Technology, University of Punjab, Lahore	New Garden Town Branch Lahore
16	Bahauddin Zakariya University, Multan	Bosan Road Branch Multan
17	Nishtar Medical College, Multan	Bosan Road Branch Multan
18	Muhammad Nawaz Sharif University of Agriculture, Multan	Bosan Road Branch Multan
19	Muhammad Nawaz Sharif University of Engineering & Technology, Multan	Bosan Road Branch Multan
20	The Women’s University, Multan	Bosan Road Branch Multan
21	NFC-Institute of Engineering & Technology, Multan	Bosan Road Branch Multan
22	Ghazi University, Dera Ghazi Khan	Bosan Road Branch Multan
23	The Women’s University, Multan	Bosan Road Branch, Multan
24	NFC-Institute of Engineering & Technology, Multan	Bosan Road Branch, Multan
25	University of Sargodha, Sargodha	City Branch, Sargodha
26	Sargodha Medical College, Sargodha	City Branch, Sargodha
27	University College of Agriculture, Sargodha	City Branch, Sargodha
28	College of Engineering & Technology, Sargodha	City Branch, Sargodha
29	Law College, Sargodha	City Branch, Sargodha
30	College of Pharmacy, Sargodha	City Branch, Sargodha
31	Institute of Food Science & Technology, Sargodha	City Branch, Sargodha
32	Institute of Art & Design, Sargodha	City Branch, Sargodha
33	Noon Business School, Sargodha	City Branch, Sargodha
34	Islamia University, Bahawalpur	Distt. Court Branch Bahawalpur
35	Govt. Sadiq College for Women University, Bahawalpur	Distt. Court Branch Bahawalpur
36	Quaid-e-Azam Medical College, Bahawalpur	Fareed Gate Branch Bahawalpur
37	Khawaja Fareed University of Engineering & Info. Tech., Rahim Yar Khan	Model Town Branch, Rahimyar Khan
38	Sheikh Zayed Medical College, Rahmyar Khan	Model Town Branch, Rahimyar Khan
39	University of Engineering & Technology, Taxila	Heavy Mechanical Complex Branch Taxila
40	University of Gujrat, Gujrat	Main Branch, Gujrat
41	National University of Sciences & Technology, Rawalpindi	Medical College Branch, Rawalpindi
42	Rawalpindi Medical College, Rawalpindi	Medical College Branch, Rawalpindi
43	Pir Mehr Ali Shah Arid Agriculture University, Rawalpindi	Medical College Branch, Rawalpindi
44	University of Arid Agriculture, Murree Road Rawalpindi	Medical College Branch, Rawalpindi
45	Fatima Jinnah Women’s University, Rawalpindi	Medical College Branch, Rawalpindi
46	Govt. College Women University, Sialkot	City Branch, Sialkot
47	University of Sialkot, Sialkot	City Branch, Sialkot
48	Khawaja Muhammad Safdar Medical College, Sialkot	City Branch, Sialkot
49	University of Narowal, Narowal	City Branch, Sialkot
50	Government College University, Faisalabad	University of Agricultural Branch Faisalabad
51	Faisalabad Medical College, Faisalabad	University of Agricultural Branch Faisalabad
52	University of Agriculture, Faisalabad	University of Agricultural Branch Faisalabad
53	National Textile University, Faisalabad	University of Agricultural Branch Faisalabad
54	Govt. College for Women University, Faisalabad	University of Agricultural Branch Faisalabad
55	Sahiwal Medical College, Sahiwal	Farid Town Branch, Sahiwal
56	University of Okara	Farid Town Branch, Sahiwal
Sindh
1	Dow University of Health Sciences, Karachi	Binnori Town Branch Karachi
2	Benazir Bhutto Shaheed University, Lyari Karachi	Binnori Town Branch Karachi
3	Jinnah Post Medical Centre (Physiotherapy), Karachi	Binnori Town Branch Karachi
4	Karachi Medical & Dental College, Karachi	Binnori Town Branch Karachi
5	Pakistan Naval Academy Karachi	Binnori Town Branch Karachi
6	Sindh Medical College, Karachi	Binnori Town Branch Karachi
7	Shaheed Zulfiqar Ali Bhutto University of Law, Karachi	Binnori Town Branch Karachi
8	Dawood University of Engg: & Tech. Karachi	Binnori Town Branch Karachi
9	Sindh Madresatul Islam University, Karachi	Binnori Town Branch Karachi
10	Shaheed Mohtarma Benazir Bhutto Medical College, Lyari	Binnori Town Branch Karachi
11	Shah Abdul Latif University, Khairpur	Main Branch Khairpur
12	Gambat Institute of Medical Sciences, Khairpur	Main Branch Khairpur
13	Shaheed Mohtarma Benazir Bhutto Medical University, Larkana	Main Branch Larkana
14	Peoples University of Medical & Health Sci. for Women, Benazirabad, Nawabshah	Main Branch Nawabshah
15	Quaid-e-Awam University

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NBP Student Loan Online Application Process

The National Bank of Pakistan (NBP) provides an online application process for the NBP Student Loan Scheme. Here are the steps for the NBP Student Loan Online Apply:

• Visit the NBP website: The first step is to visit the official website or the App National Bank of Pakistan.
• Click on the “Student Loan Scheme” option: On the homepage, you will find an option for the “Student Loan Scheme.”
• Read the instructions: Before you start the online application, it is important to read the instructions provided on the webpage carefully.
• Click on “Apply Now”: Once you have read the instructions, click on the “Apply Now” button to start the application process.
• Fill in the application form: The next step is to fill in the online application form with your personal, educational, and loan-related information.
• Upload required documents: You will also need to upload the required documents, such as your CNIC, educational documents, admission letter from the university or college, and proof of income from the guarantor.
• Submit the application: After completing the application form and uploading the required documents, review your application thoroughly and submit it.
• Receive confirmation: Once your application is submitted, you will receive a confirmation message on your registered email address or phone number.
• Wait for the loan approval: The NBP will review your application and the documents provided.

Students who are applying for loans for foreign studies will have to apply through the manual application process at an NBP branch.

NBP Student Loan Registration Form

The NBP Student Loan Scheme registration form is given below or can be obtained from any NBP branch.

Here is the information that you will be required to provide in the registration form:

• Personal Information: This section requires the student’s personal information, such as name, date of birth, and gender.
• Contact Information: This section requires the student’s contact information, such as an address, telephone number, and email address.
• Educational Information: This section requires the student’s educational information, such as the name of the university or college, the course of study, and the duration of the course.
• Loan Information: This section requires the student to provide information about the loan, such as the loan amount, the purpose of the loan, and the repayment plan.
• Guarantor Information: This section requires the student to provide information about the guarantor, such as name, occupation, and contact information.
• Declaration: This section requires the student to sign a declaration stating that the information provided in the registration form is accurate and complete.

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NBP Student Loan Documents Required

Here are the documents required for the NBP Student Loan Scheme:

• Student’s CNIC: A copy of the student’s Computerized National Identity Card (CNIC) is required to verify the student’s identity.
• Educational Documents: Copies of educational documents, such as matriculation certificate, intermediate certificate, and bachelor’s degree (if applicable), are required to verify the student’s educational background.
• Admission Letter: An admission letter from the university or college where the student is enrolled is required to verify the student’s admission.
• Fee Structure: A fee structure provided by the university or college is required to calculate the loan amount.
• Guarantor’s CNIC: A copy of the guarantor’s CNIC is required to verify the guarantor’s identity.
• Income Proof: Proof of income of the guarantor, such as salary slips or income tax returns, is required to determine the guarantor’s ability to repay the loan.
• Property Documents (Optional): Property documents, such as title deeds or ownership documents, can be provided as collateral security for the loan.

NBP Student Loan Scheme Approved Subjects

Sr. #	Approved Subjects
1	Engineering
2	Electronics
3	Oil Gas & Petro-Chemical Technology
4	Agriculture
5	Medicine
6	Physics
7	Chemistry
8	Biology, Molecular Biology & Genetics
9	Other Natural Sciences
10	Mathematics
11	DAWA and Islamic Jurisprudence (LL.B/LL.M Sharia)
12	Computer Science/Information Systems and Technology including hardware
13	Economics, Statistics, and Econometrics
14	Commerce
15	Business Management Sciences

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NBP Student Loan Pros And Cons

Pros Of The NBP Student Loan Scheme:

• Easy Accessibility: The NBP Student Loan Scheme is easily accessible to students pursuing higher education in Pakistan.
• Interest-free loans: The NBP Student Loans are completely interest-free.
• Flexible Repayment Options: The repayment options of the NBP Student Loan Scheme are flexible and can be customized according to the student’s needs.
• No Collateral Required: The NBP Student Loan Scheme does not require any collateral or security, making it easier for students to apply for the loan.
• Multiple Loan Types: The NBP Student Loan Scheme offers multiple types of loans, such as tuition fees, boarding expenses, and textbooks.

Cons Of The NBP Student Loan Scheme:

• Limited Universities: The NBP Student Loan Scheme is only available for students who are enrolled in approved universities and colleges.
• Limited Loans: The NBP Student Loan Scheme has a limited number of loans available, and not all applicants may be approved for the loan.
• Guarantor Requirement: The NBP Student Loan Scheme requires a guarantor, which can be difficult for students to arrange.
• Time-Consuming Process: The loan application process for the NBP Student Loan Scheme can be time-consuming and may require several visits to the bank.

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FAQs | NBP Student Loan

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