According to the declaration made by the Federal Finance Minister in his budget discourse, a STUDENTS LOAN SCHEME (SLS) for Education was started by t
he Government of Pakistan as a team with real business banks of Pakistan (NBP, HBL, UBL, MCB and ABL). Under the Scheme, monetary aid is given by method for Interest Free Loans to the exemplary students who have budgetary demands for seeking after their studies in Scientific, Technical and Professional education inside Pakistan.
The Scheme is continuously directed by a high fueled panel containing Deputy Governor, State Bank of Pakistan, Presidents of the business banks and illustrative of Ministry of Finance, Government of Pakistan.
ELIGIBILITY
· Under the scheme the students are eligible to apply for loans provided:
i) He/She has obtained admission on merit through normal course/procedure in the
approved Universities/Colleges of the public sector mentioned hereunder.
ii) He/She falls at the time of admission within the age bracket of:-
For Graduation Not exceeding 21 Years
For Post-Graduation Not exceeding 31 Years
For Ph.D Not exceeding 36 Years
iii) He/She has secured 70% marks in the last public examination.
iv) He/She has undertaken the study of the subjects given below.
v) He/She is unable to pursue studies due to financial constraints.
TYPES OF LOAN
The loan facility will be available for entire duration of the study for:-
Schedule Fee
Paid directly to the
Boarding expenses excluding meal charges University/College
Procurement of textbooks --- Disbursed directly to the student.
REPAYMENT OF LOAN
The maximum period of repayment of loan is 10-Years from the date of disbursement of first
installment. The borrower shall repay the loan in monthly installment after six months from the
date of first employment or one year from the date of completion of studies, which ever is earlier.
Under the Scheme, loans is available in the following subjects.
APPROVED SUBJECTS
i) Engineering ii) Electronics
iii) Oil Gas & Petro-Chemical Technology iv) Agriculture
v) Medicine vi) Physics
vii) Chemistry viii) Biology, Molecular Biology & Genetics
ix) Mathematics x) Other Natural Sciences
xi) DAWA and Islamic Jurisprudence
(LL.B/LL.M Sharia)
xii) Computer Science/Information
System and Technology including hardware.
xiii) Economics, Statistics and Econometrics xiv) Business Management Sciences
xv) Commerce
Contact:
Telephone No. 021-99213026, and 021-99212100- Ext.2637 Fax No. 021-99213021
