Student Loan In Pakistan (60K-3Lakh) | Student Loan Scheme

Student Loan In Pakistan: This article sheds light on two prominent entities, the Kashf Foundation and the National Bank of Pakistan, which stand out for their contributions in providing financial support to students.

Kashf Foundation offers interest-free student loans with flexible repayment plans, catering to amounts ranging from PKR 60,000 to PKR 300,000.

On the other hand, the National Bank of Pakistan collaborates with commercial banks to extend its student loan scheme, covering full-fee payments, residence, and daily meal expenses.

The NBP Student Loan amounts from Rs. 500,000 to Rs. 2,000,000, the NBP Student Loan Scheme accommodates various education levels.

We delve into the eligibility criteria, document requirements, and a guide to securing a student loan from these esteemed institutions in Pakistan. Let’s embark on the journey!

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Interest-free Student Loan In Pakistan | Student Loan Scheme 2023 Pakistan


Table of Contents

Kashf Foundation Student Loan

Kashf Foundation Student Loan stands as a key player in Pakistan, dedicated to facilitating the educational journeys of students by providing crucial financial assistance.

The organization offers student loans with varying amounts, ranging from 60,000 to 300,000 rupees of financial support tailored to individual needs.

Students availing of Kashf Foundation’s student loans are allowed to settle their dues through easy monthly installments throughout 12 to 18 months.

From covering tuition costs to addressing needs for books and living expenses, the loan is designed to address the multifaceted financial requirements.

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Features Of Kashf Foundation Student Loan Program


Kashf Foundation Student Loan provides essential features and specifications to ease financial support for Pakistani students. Here’s an overview of its key attributes:

  • Loan Term:
    • The loan term spans from 12 to 18 months.
  • Monthly Installments:
    • Borrowers enjoy the convenience of repaying periods ranging from 12 to 18 months.
  • Loan Amount:
    • The minimum loan amount for the first loan cycle at PKR 60,000 for a 12-month tenure and PKR 75,000 for an 18-month tenure.
    • The maximum loan amount for the first loan cycle is capped at PKR 200,000.
    • The second loan cycle extends the maximum limit to PKR 300,000.
  • Documentation Charges:
    • A nominal documentation fee of PKR 500 is applicable.
  • Insurance Charges:
    • Insurance charges are calculated at 2% on PKR 20,000 and 1% on the remaining loan amount.
  • Training Fees:
    • A training fee of Rupees 1,000 is required, paid along with the first installment.
  • Insurance:
    • Notably, insurance does not apply to the Kashf Foundation Student Loan program.
  • School Profit:
    • The loan program incorporates a School Profit feature, ranging from Rupees 8,000 to 70,000.
  • Age Limit:
    • For an 18-month loan tenure, both the client and the nominee must fall within the age range of 18 to 63 years and 5 months.
    • For a 12-month loan tenure, the age limit for both the client and the nominee is between 18 and 63 years and 11 months.

Eligibility Criteria

To qualify for financial assistance through the Kashf Foundation Student Loan, applicants must adhere to specific eligibility criteria.

Academic Merit:

Evaluation of applicants hinges on academic performance and achievements, with eligibility often contingent on meeting specific academic criteria.

Financial Need:

Financial need is a pivotal criterion for eligibility, requiring applicants to showcase a genuine requirement for financial aid in pursuing their education.

Age Limit:

Applicants must be between 18 and 65 years old to be eligible for the loan.

Marital Status:

Certain programs may necessitate applicants to meet marital status prerequisites, requiring them to be married to be eligible for the loan, subject to the guidelines of the respective program.


Eligibility is typically limited to Pakistani nationals. Non-Pakistani applicants should verify if they meet any extra requirements.

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Documents Required


To seek a Kashf Foundation Student Loan, you usually need to submit the following documents.


Recent passport-sized photographs meeting specified size and format requirements are essential for your loan application.


A copy of your CNIC serves as mandatory proof of identity and nationality.

Education Documents:

Copies of academic documents, including transcripts and certificates, are required to showcase your qualifications and enrollment status.

Income Proof:

Provide income proof, such as salary slips, bank statements, or income tax returns, to establish your financial need and repayment capacity.

Proof of Residence:

Submit a document verifying your current residence, like a utility bill or rental agreement, to confirm your address.

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Application Process For Student Loan

The process for a Kashf Foundation Student Loan usually includes the following steps.

Visit the Kashf Foundation Website:

Begin by exploring the official Kashf Foundation website ( to gather information about their student loan programs, eligibility criteria, and terms.

Visit a Nearby Kashf Center:

Inquire about the specific student loan program at a nearby Kashf Foundation center and request an application form.

Receive the Application Form:

Collect the loan application form from the Kashf Foundation Center.

Fill Out the Application Form:

Carefully complete the application form with accurate and comprehensive information.

Attach Required Documents:

Gather necessary documents, such as photographs, CNIC, educational certificates, income proof, and proof of residence, as per eligibility criteria. Attach these to your completed application form.

Submit Your Application:

Return to the Kashf Foundation center where you obtained the form and submit your completed application along with the required documents.

Wait for Approval:

Your application will undergo a review process, with the Kashf Foundation assessing your eligibility based on the provided information and documents.

Receive Loan Approval:

Upon approval, the Kashf Foundation will notify you of your successful application.

Receive the Loan:

After accepting the loan offer, you will receive the approved amount, empowering you to cover your educational expenses.

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National Bank of Pakistan NBP Student loan


NBP Student loan

The NBP Student Loan was initiated following the Federal Finance Minister’s announcement in the 2001-2002 budget speech,

This Scheme was a collaborative effort involving major commercial banks in Pakistan, such as NBP, HBL, UBL, MCB, and ABL.

The primary objective of the NBP Student Loan is to offer essential financial support to deserving students who encounter economic challenges while striving for excellence in their educational pursuits.

Under this scheme, eligible students benefit from interest-free loans, providing them with the opportunity to access quality education without interest charges.

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Loan Details


Eligibility Criteria

The NBP Student Loan eligibility criteria aim to support deserving and capable students in their pursuit of higher education.

Admission on Merit:

Eligible students must secure admission to approved public sector universities or colleges through the standard admission process, emphasizing the importance of merit-based admission.

To qualify for this loan program, applicants must satisfy the following criteria:

  • Age Limit:
    • For Graduation: Applicants should not exceed 21 years of age at the time of admission.
    • For Post-Graduation: The age limit is 31 years for applicants at the time of admission.
    • For Ph.D.: The applicant’s age should not exceed 36 years at the time of admission.

Academic Performance:

Applicants are required to demonstrate a robust academic track record, achieving a minimum of 70% marks in their last public examination.

Approved Study Subjects:

The chosen field of study by the applicant must align with subjects covered under the NBP Student Loan scheme.

Types Of Loan

The NBP Student Loan program provides diverse loans to aid students in their educational journey, covering specific study-related expenses:

The available loan types include:

  • Schedule Fee Loan:
    • This loan specifically covers the scheduled fees mandated by the university or college.
  • Boarding Expenses Loan (Excluding Meal Charges):
    • This loan provides assistance for boarding expenses, encompassing accommodation costs while excluding meal charges.
  • Procurement of Textbooks Loan:
    • This loan is dedicated to facilitating students in obtaining essential textbooks by providing direct financial support for their textbook purchases.

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Repayment Period

The repayment terms for the NBP Student Loan program are designed to offer flexibility and support to borrowers during their post-education transition. Here are the crucial repayment details:

  • Maximum Repayment Period:
    • Borrowers are granted a maximum of 10 years from the disbursement of the first installment to fully repay the loan.
  • Monthly Installments:
    • Repayment is structured through regular monthly installments, ensuring a consistent and predictable schedule for borrowers.
  • Commencement of Repayment:
    • Repayment starts either six months after the borrower’s initial employment or one year after completing their studies, whichever comes earlier. This provision provides borrowers with a grace period to secure employment before initiating the loan repayment process.

Application Process

  • Visit the NBP Website: Initiate the application process by visiting the official website of the National Bank of Pakistan at
  • Select “Student Loan Scheme”: On the website’s homepage, locate and access the dedicated section or option for the “Student Loan Scheme.” Click on this option to proceed with the application.
  • Read Instructions: Before commencing the online application, carefully review and understand the instructions provided on the webpage. This step is crucial to ensure accurate completion of the application.
  • Click on “Apply Now”: Once familiar with the instructions, click on the “Apply Now” button to initiate the application process.
  • Complete the Application Form: Fill out the online application form, providing the necessary information including personal details, educational history, and specifics related to the desired loan.
  • Upload Required Documents: As part of the application, upload essential documents such as your Computerized National Identity Card (CNIC), educational certificates, university or college admission letter, and proof of income or financial need.
  • Review and Submit: Thoroughly review all information entered in the application form before submitting.
  • Confirmation: Following submission, anticipate an acknowledgment or confirmation email for your application.
  • Wait for Loan Approval: The final step involves patiently waiting for the loan approval process to conclude.

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Application Form


Benefits Of Student Loan In Pakistan

  • Interest-Free Loans with 0% Markup: Student loans in Pakistan are typically interest-free, with no markup charges, alleviating financial stress for students and their families.
  • Access to Education: Student loans open doors for aspiring students, ensuring that financial constraints do not impede their pursuit of higher education.
  • Ease of Application: Obtaining a student loan is often a streamlined and straightforward process, promoting accessibility for a diverse range of students.
  • Manageable Repayment: Student loans come with flexible and manageable repayment options, allowing graduates to repay the borrowed amount without excessive financial strain.

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Student Loan In Pakistan | FAQs

What institutions in Pakistan provide student loans, and what are their key features?

Kashf Foundation and the National Bank of Pakistan (NBP) are prominent institutions offering student loans. Kashf Foundation provides interest-free loans ranging from PKR 60,000 to PKR 300,000 with flexible repayment plans, while NBP collaborates with commercial banks, extending loans from PKR 500,000 to PKR 2,000,000, covering full-fee payments, residence, and daily meal expenses.

What are the eligibility criteria for Kashf Foundation Student Loans?

Eligibility for Kashf Foundation Student Loans includes merit-based admission to approved institutions, age limits ranging from 18 to 63 years, strong academic performance (minimum 70% marks), and a chosen field of study covered under the scheme.

What documents are required for applying to Kashf Foundation Student Loans?

Necessary documents include recent passport-sized photographs, a copy of the CNIC, educational transcripts and certificates, income proof (salary slips, bank statements, or income tax returns), and proof of residence.

What types of loans does the NBP Student Loan program offer, and what do they cover?

NBP Student Loan program provides Schedule Fee Loans for university fees, Boarding Expenses Loans excluding meal charges, and Procurement of Textbooks Loans to support students in various aspects of their education.

What is the maximum repayment period for the NBP Student Loan program?

Borrowers have a maximum of 10 years from the disbursement of the first installment to fully repay the loan under the NBP Student Loan program.

What is the commencement of repayment for NBP Student Loans?

Repayment begins either after six months from the date of the borrower’s first employment or one year from the date of completion of their studies, whichever occurs earlier, allowing borrowers time to secure employment before initiating loan repayment.

What is the application process for NBP Student Loans?

The application process involves visiting the NBP website, selecting the “Student Loan Scheme,” reading and understanding instructions, clicking on “Apply Now,” completing the online application form with personal and educational details, uploading essential documents, reviewing and submitting the application, and waiting for loan approval.

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