2022 Interest-Free Student Loan Program

2022 Interest-Free Student Loan Program
For students at different institutions and colleges, the government has introduced the Interest Free Student Loan Scheme 2022. For the academic years 2022–2021 and 2021–2022, students may apply for loans with no interest in recognized topics for graduation, post-graduation, M.Phil., and Ph.D.
eligibility for the 2022 Interest-Free Student Loan Program
Students who met the qualifying requirements and received at least 70% in the most recent general exams. The students should wish to continue their study but should be in financial need

2022 Interest-Free Student Loan Program

Student loan

Free Student Loan Program

For the period of the research, the banks will provide a lending facility for: Schedule Fee (Banks will pay directly to College University)
boarding costs sans food costs (Banks will pay directly to College University)
Purchasing textbooks and paying the student directly

Subjects Accepted for the Student Loan Program

Engineering \sElectronics
Technology in Oil, Gas, and Petrochemicals
Agriculture \medicine
Physics \chemistry
Genetics, molecular biology, and biology
Mathematics
Additional Natural Sciences
Islamic Law (LL.B./LL.M. Sharia) and DAWA
Hardware is included in computer science, information systems, and technology.
Econometrics, Economics, and Statistics
Commerce Business Management Sciences

The deadline to apply

Students who are interested can apply till the following date with copies of the necessary documentation:

July 29, 2022 (Friday)

Depending on the applicant’s eligibility and the availability of cash, the banks will process the application and provide a loan. In lieu of using the required forms, banks will reject applications filed on other forms. Banks will also reject application forms that are submitted after the deadline. Candidates should not apply if they do not meet the requirements. If banks receive such applications, they will refuse them. Even if the applicant is qualified for the loan, the Student Loan Wing or Loan Standing Committee reserves the right to refuse the application.
List of Financial Institutions Offering No-Interest Student Loans

Students can get loans from the following financial institutions with no interest:

Muslim Commercial Bank (MCB), United Bank Limited (UBL), Habib Bank Limited (HBL), National Bank of Pakistan (NBP), and State Bank of Pakistan are among the financial institutions in Pakistan.

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