How Youth Can Get Loan for Laptop Scheme, and Travel Abroad

Last Updated on: 7th February 2025, 08:25 pm

Good news: The government of Pakistan has widened its popular Prime Minister’s Youth Business & Agriculture Loan Scheme. A new “Tier-4” category now offers interest-free loans to students, freelancers, and those planning to work overseas.

Students Can Get Loans to Buy Laptops

The update, announced through a circular from the State Bank of Pakistan, helps young people cover costs like buying laptops and funding overseas job opportunities.

Here’s how you can apply for PM Youth Loan Laptop Scheme if you qualify:

Eligibility Criteria for the PM Laptop Loan Scheme

To be eligible for a Prime Minister loan laptop scheme 2025, applicants must meet these requirements:

• Be a Pakistani citizen between 18 and 30 years old.
• Either be studying at a Higher Education Commission–recognized institution or working as a freelancer or young entrepreneur with a solid business plan.

Also Read: Maryam Nawaz Expands Honhaar Scholarships, Announces Laptops for Students

Loan Details for Laptop Loans

The government of Pakistan will lend up to Rs 450,000, with the exact PM laptop loan amount depending on individual needs. Repayment is set over four years with no interest charges.

How the Process Works

Universities will refer eligible students to partner banks through the PMYP portal. The banks will add the loan installments to tuition fees, and payments will be deducted automatically. Universities will act as guarantors and may hold back the degree until the loan is fully repaid. In addition, a family member must provide personal guarantees.

Loan Requirements for Overseas Workers

For those with an overseas job offer, the requirements include:

• Being a Pakistani citizen aged between 21 and 45 years.
• Possessing a valid job offer that is verified by Pakistan Missions abroad, Overseas Employment Promoters (OEPs), or Protector Offices.

Loan Details for Overseas Workers’ Loans

Applicants can receive a loan of up to Rs 1,000,000, which can cover costs related to training, travel, visas, and settling abroad. The repayment period is five years, with no interest added. Personal guarantees are required here as well, and the government backs 25 percent of this loan portfolio to reduce risks for banks.

Also Read: Punjab School Teacher Internship Program

How to Apply for the Prime Minister Laptop Loan Scheme 2025

Students should visit their university’s finance office to start the process via the PMYP portal. Freelancers and those with overseas job offers need to submit their business plans or job offer documents to one of the banks listed on the PMYP website. All loan information will be shared with the Credit Information Bureau to keep everything clear and open.

If you think you qualify, visit the PMYP portal at www.pmyp.gov.pk or drop by your nearest participating bank branch to begin your loan application.