Types of Loan

Types of Loan

Types of Loan The loan facility will be available for entire duration of the study for:-Schedule Fee Paid directly to the
University / College
Boarding expenses excluding meal charges
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 one year 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.

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
xiii) Economics, Statistics and Econometrics xiv) Business Management Sciences
xv) Commerce
Important Instructions
Application Form will not be entertained if the same is not properly & duly filled in and found missing therewith the following documents.
i) Three Photographs of Student attested by not below the rank of BPS-17.
ii) Attested photocopies of Fee Challan raised/demanded by the Educational Institution and Boarding expenses (excluding meal charges).
a) Income certificate from the employer i.e. Government/semi Government/ Private service
b) Income Certificate from the area counselor of the Union Counsel i.e. for self employed
iii) Attested photocopies of: –
a) Domicile b) Computerized N.I. Card.
iv) Attested photocopies of all educational certificates
a) Secondary School Certificate b) Higher Secondary Certificate
c) Degree(s) d) Marks Sheet/Transcript (Last Examination)
v) A certificate (in original) from the Vice Chancellor/ Principal/Registrar of the concerned University Letter Head confirming date of admission and completion date of study.
vi) Four un-stamped self-addressed envelope (5 X 11).

Other Information
Application Forms are available from the designated branches mentioned above or may be downloaded from National Bank of Pakistan website
The students desirous of availing loan under the Scheme may apply on prescribed form for financial assistance subject to he or she has got admission on merit through normal procedure in the Universities/ Colleges afore-mentioned.
Applicants are required to submit their applications on the prescribed form, duly completed in all respect, to the designated branches indicated against each University/College by the given date.