Here we will provide you complete detail regarding the Students Loan Scheme (SLS) for education. The government of Pakistan has been offering this loan since 2001 with the collaboration of major commercial banks. However, among those, the National bank of Pakistan is the administrator of the loan scheme. The participating banks in this loan scheme are HBL, UBL, MCB, and ABL. Thus, through this scheme, students get interest-free loans for their education on a merit basis. They can get a loan for technical, scientific, or professional education within Pakistan.
However, below is the complete detail about eligibility criteria, payment, types of loans, and involved universities, so read the article thoroughly.
Eligibility Criteria of SLS
- Candidates get admission to approved public sector universities/colleges on a merit basis.
- At the time of admission, the age of the students must be according to the following:
- Maximum 21 years for graduation
- 31 years for post-graduation
- 36 years for Ph.D.
- Applicants must have at least 70% marks in the last public examination
- Applicants aren’t able to pursue their studies without financial aid.
Types of SLS Loan
The government will provide the loan to the students for the entire study duration covering the following things.
- Scheduled fees and boarding expenses excluding meal charges (Directly paid to the university/college)
- Procurements of books (Disbursed Directly to the students)
Approved Subjects for SLS
- Engineering
- Electronics
- Oil Gas & Petro-Chemical Technology
- Agriculture
- Medicine
- Physics
- Chemistry
- Biology, Molecular Biology & Genetics
- Mathematics
- Other Natural Sciences
- DAWA and Islamic Jurisprudence (LL.B/LL.M Sharia)
- Computer Science/Information System and Technology including hardware
- Economics, Statistics, and Econometrics
- Business Management Sciences
- Commerce
Approved Universities for SLS
For the Students Loan Scheme, various public universities and colleges of all provinces are involved. Thus, students of these institutes can apply for the loan according to eligibility criteria. To check the university list, visit the link. (https://www.nbp.com.pk/SLFiles/ApprovedCollegesUniversities.pdf)
Required Documents for the SLS
- Attested two photos of Students
- Attested copies of Fee Challan
- Domicile and CNIC of students and parent attested copies
- Attested copies of all education certificates
- Certificate from VC/Principal confirming date of admission, session, and completion of degree
- Four unstamped self-addressed envelopes
How to apply for SLS
- To apply for the SLS education loan, candidates can get the application form through the given link. (https://www.nbp.com.pk/SLFiles/ApplicationForm.pdf)
- Applicants have to complete the form entirely and submit it within the due date.
Note
The application for the year 2021 isn’t open yet. However, you can visit our website; we will update you with new information regarding the Student Loan Scheme (SLS). (https://www.nbp.com.pk/studentloan/)
