Student-Loan-In-Pakistan

Student Loan In Pakistan {PKR 3-30 Lakh} [Mobilink Bank]

Introducing Mobilink Microfinance Bank Limited’s Student Loan In Pakistan! Accessible through their wide network, this loan provides favorable terms, offering amounts from Rs. 350,001 to Rs. 3,000,000.

Specifically designed to support educational institutions, the loan addresses financial challenges in areas such as staff development, quality enhancement, building construction, labs, asset purchase, and operational needs.

With a repayment period of 12 to 120 months, payable in equal monthly installments, the loan comes with a Markup Rate of 34.00%, determining the interest on the borrowed amount. Unlock opportunities for education with Mobilink Microfinance Bank Limited!

Student-Loan-In-Pakistan
Student-Loan-In-Pakistan

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Student Loan In Pakistan | Study Loan In Pakistan {PKR 3-30 Lakh}

Student-Loan-In-Pakistan
Student-Loan-In-Pakistan

Table of Contents

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What is a Study Loan In Pakistan?

Mobilink Microfinance Bank Limited has launched a student loan program in Pakistan, aimed at supporting non-state schools, including local private schools and technical institutions.

Student loan in Pakistan, accessible through MMBL’s nationwide branches, offers financial assistance of up to PKR 3 million to schools in rural, semi-urban, and urban areas. The funds provided by the student loan cater to various financial needs of schools, including staff development, building projects, lab facilities, and the acquisition of necessary equipment.

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Student Loan Details

Loan-Detail
Loan-Detail

Student Loan Amount | School Loan Amount

Mobilink Microfinance Bank Limited (MMBL) has a student loan program in Pakistan, offering financial assistance in the range of Rs. 350,001 to Rs. 3,000,000.

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Student Loan Eligibility Criteria

Student-Loan-Eligibility-Criteria
Student-Loan-Eligibility-Criteria

Criteria for Qualification for the MMBL Student Loan in Pakistan:

  • School Type: Eligible for Private Schools and Technical educational institutions registered with any government-approved authority.
  • Franchise Proof: Schools affiliated with renowned educational organizations must provide evidence of the franchise agreement and contract.
  • Business Premises: Business premises can be owned or rented. For rented buildings, the client must have operated the business at the same location for the last 2 years.
  • Identification: Must hold a valid CNIC/SNIC.
  • Financial Record: Should not be a defaulter of any financial institutions and public utilities.
  • Residency/Work Requirement: Must have resided for at least 1 year.
  • Staff and Student Strength: Staff strength should be up to 25. Student strength should be a minimum of 100 students.

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Documents Required For Student Loan In Pakistan

Documents-Required-For-Student-Loan-In-Pakistan
Documents-Required-For-Student-Loan-In-Pakistan

Required Documents for Student Loans in Pakistan Include:

  • ID Proof: Valid Computerized National Identity Card.
  • Financial Records: Valid and clean eCIB and NADRA Verisys.
  • Customer Photo: One recent passport-size photograph of the customer.
  • Utility Bill: Copy of the last paid utility bill for the school.
  • Registration Certificate: Copy of the school registration certificate.
  • Rental Agreement: Valid rental agreement, if applicable (covering the entire financing period).
  • Franchise Proof: Franchise agreement, if applicable.
  • Collateral Documents: Copy of property documents offered as collateral.
  • Legal Opinion: Legal opinion on property documents.
  • Property Valuation: Offered property valuation report from a PBA-approved valuator.

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School Loan In Pakistan Calculator

Loan-Details
Loan-Details

Phone: 051 2817070

Helpline Number: 051 – 111 962 962

Email: info@mobilinkbank.com

Address: 3-A/2 F-8 Markaz Islamabad

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FAQs | Student Loan In Pakistan

What is the loan amount range offered by Mobilink Microfinance Bank Limited (MMBL) for student loans in Pakistan?

Student-Loan-In-Pakistan

MMBL offers student loans with amounts ranging from Rs. 350,001 to Rs. 3,000,000.

What is the Markup Rate associated with MMBL’s School Loan or student loan?

The Markup Rate for MMBL’s School Loan or student loan is 34.00%.

What are the eligibility criteria for MMBL’s student loan in Pakistan?

Student-Loan-Eligibility-Criteria

Eligibility criteria include being the owner of a registered Private School or Technical educational institution, having a valid CNIC/SNIC, and meeting residency/work requirements.

What documents are required to apply for the MMBL student loan in Pakistan?

Documents-Required-For-Student-Loan-In-Pakistan

Required documents include a valid CNIC/SNIC, financial records (eCIB and NADRA Verisys), customer photo, utility bill, school registration certificate, rental agreement (if applicable), franchise proof, collateral documents, legal opinion, property valuation report, bank statement, and details of expected capital expenses.

How can I contact Mobilink Microfinance Bank Limited for further information or assistance?

You can contact MMBL through the following:Phone: 051 2817070
Helpline Number: 051 – 111 962 962
Email: info@mobilinkbank.com
Address: 3-A/2 F-8 Markaz Islamabad

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If you have any questions, contact us (email) at Contact@personalloan.pk | Personalloan.pk@gmail.com or leave us a comment. We would love to answer all of your queries. Thanks for reading!

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