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Interest Free Loan for Students in Pakistan

National Bank of Pakistan in collaboration with four other major commercial banks in Pakistan is offering interest free loans for students. These interest free loans are aimed at helping students who need financial assistance to continue their education.

Loans are provided to students enrolled in the disciplines of scientific, technical or professional education within Pakistan at graduation, post-graduation or PhD level.

The loan amount will cover educational fee, boarding charges and textbook expenses, but will not cover meals.

Student will be required to repay the loan amount in a maximum of ten years starting for the date of loan disbursement. First loan installment will start one year after completion of education for which the loan was obtained or one year after getting first job, whichever comes earlier.

Student should already have secured admission in any of 71 approved colleges or universities (PDF, 93KB) in Sindh, Punjab, NWFP, Balochistan, Islamabad, Azad Kashmir and Northern Areas.

It is is required the student should have received 70% or more marks in last public examination. There is also age restriction for applying for this interest free educational loan program.

List of approved subjects for study is:

Engineering

Electronics

Oil Gas & Petro-Chemical Technology

Agriculture

Medicine

Physics

Chemistry

Biology, Molecular Biology & Genetics

Mathematics

Other Natural Sciences

DAWA and Islamic Jurisprudence (LL.B/LL.M Sharia)

Computer Science/Information, System and Technology including hardware.

Economics, Statistics and Econometrics

Business Management Sciences

Commerce

Application forms for this interest free student loan could be obtained from designated branches(PDF, 93KB) of National Bank of Pakistan (NBP), Habib Bank Ltd. (HBL), United Bank Ltd. (UBL), MCB Bank Ltd. (MCB) and Allied Bank Ltd. (ABL). Further details about this scheme could be found on the National Bank of Pakistan’s webpage for student loan.

Last date to submit application is February 27, 2010. Please share this news with any student who might be in need of financial help.

Ref: propakistan.pk

Kaisa Ho Ga 2010?

President of Pakistan: Abhi Pakistani aur khappay ga!

Yousaf Raza Gilani: What did president say???___ Jee bus wohi jee___ nahi jee___ bilkul wohi jee.

Governor Punjab: I hope there would be no graduation ceremony in 2010.

Shehbaz Sharif: There will be no building in Lahore that deserved to be demolished except Governor House.

Altaf Hussain: We will sit on stairs between government and opposition.

Nawaz Sharif: hahahahaha… what? 2010?… hahaha …what?

Imran Khan: Tehrik-i-Insaf will begin losing its baby teeth. InshaAllah!

Rehman Malik: There will be no Taliban element left in Pakistan except in Punjab , Sindh , N.W.F.P , Balochistan and Kashmir.

Ameer-e-Taliban: We will make some good decisions and will kill religious leaders instead of innocent people.

Farzana Raja: In the whole year of 2010, at least one day poor women will get 2 waqt ki roti.

Fauzia Wahab: 2010??? …A nightmare for Media!

Chairman WAPDA: Hum se kuch achey ki umeed kion rakhtey ho bhai???

propakistani.pk

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