Student Loans in Pakistan

In this year more than 1400 students pursuing graduate degree in pakistan and they will receive US$2.5 million in interest-free loans. Students can receive this loan from State Bank of Pakistan.The Committee for Student Loan Schemes approved the loan. The loans will be given to students through the National Bank of Pakistan (NBP), MCB Bank, Habeeb Bank Ltd., United Bank Ltd. and Allied Bank Ltd.The students which have limited financial mean and who want to obtain higher education can take advantage form SBP is financing interest-free loans and the needy students are eligible for loans ranging between $1600 and $5000.Depty governor of the SBP manage the SLS to ensure transparency. The students already accepted at approved universities and colleges in Pakistan the loans will be available only for that students and who have receive scores of no less than 70 percent in previous examinations.If those students want to get loan then they can get but remember the maximum period of repayment of the loan is ten years from the date of disbursement of the first installment.Students who are studying in engineering, electronics, agriculture, medicine, physics, social and computer sciences and other disciplines can apply for loan.Students who want to apply for loan for 2010 can obtain them from the branches of banks or the Students who want to apply for loans for the 2010 academic year can obtain them from the branches of banks which mentioned above or download from their websites.