Last Updated on: 26th November 2023, 04:40 pm
National Bank Student Loan Scheme 2024 in Pakistan Apply Online
This article will focus on the NBP Student Loan Scheme 2024 in Pakistan Apply Online Form. After approval by the Board of Governors, the federal government announced the interest-free student loan scheme in 2024.
The Supreme Committee approved the loan scheme for poor and deserving students studying in Pakistan. The committee approved Rs 82.6 crore as an interest-free loan for NBP Student Loan Scheme 2024 Online Registration.
Students who want to complete their studies must apply for a PM Student Loan Scheme 2024. It is a unique opportunity for those who drop out of school due to economic problems. Now the government is boasting of gifted and deserving students to achieve its goal.
National Bank of Pakistan Loan Scheme 2024 Online Apply
The committee is composed of representatives from the State Bank of Pakistan (SBP), the Finance Division (Government of Pakistan), and five major banks (Pakistan National Bank, Habib Bank, United Bank, Allied Bank, and MCB Bank).
The amount approved by the top committee would be paid to 518 deserving students from public sector universities across the country enrolled in various disciplines for undergraduate, graduate, and doctoral degrees.
If you want to apply online for the PM interest-free loan check out our article, (Bila Sood Qarza) Prime Minister Interest-Free Loan Scheme.
NBP Student Loan Scheme 2024 Last Date
The purpose of the PM Student Loan Scheme 2024 in Pakistan Apply Online is to provide financial support to deserving students who do not have sufficient funds. The loans are granted for a maximum term of 10 years from the date of payment of the first installment and are repayable in monthly installments six months from the date of first employment or one year from the date of graduation, whichever comes first.
NBP, as the program manager, performs all functions such as receiving and reviewing loan applications, loan disbursement, and student loan collection.
PM Student Loan Scheme 2024 Application Form Download
PM Student Loan Scheme 2024 Online Application Form, Eligibility Criteria
NBP Student Loan Eligibility
- The student has obtained admission through a normal course/procedure at the below accredited public sector universities/colleges (list attached).
- The student is in the age group at the time of admission of:
- For graduation (not older than 21 years)
- For postgraduate studies (not older than 31 years)
- For a doctorate (not older than 36 years)
- The student got 70% of the grades in the last public exam.
- The student has completed the study of the subjects listed below.
- The student cannot continue his studies for financial reasons.
Approved Fields For NBP Student Loan Scheme 2024
- Mechanical Engg
- Electronic Engg
- Oil, Gas, And Petrochemical Technology
- Agriculture
- Medicine
- Physics
- Chemistry
- Biology, Molecular Biology, And Genetics
- Mathematics
- Natural Sciences
- DAWA and Islamic Jurisprudence (LL.B/LL.M Sharia)
- Computer Science & Information Technology
- System and technology, including hardware
- Economics, statistics, and econometrics
- Business Administration
- Commerce
You can also read our article, Agahe Pakistan Interest Free Loan Online Apply (Step By Step Guide).
How to Apply Online for the NBP Student Loan Scheme?
- There are two ways for the PM Student Loan Scheme 2024 in Pakistan Apply Online Form.
- The first way is for applicants to download the online loan application forms here. Fill it out carefully and send it to the head office by the last date.
- Applicants of the second way visit the above banks and get the application forms, fill them out carefully, attach the necessary documents to the forms, and send them to the bank.
- All the above National Bank Student Loan Scheme information. If you want to know more about it, please use the comments section. We will send you the reply as soon as possible.