Student Loan in Pakistan for Abroad Studies

Student Loan in Pakistan for Abroad Studies


In Pakistan, the academic expenses are increasing with each passing day making it tough for many poor students to continue their higher education. Under such circumstances, there is a dire need for a system that will provide financial aid to the students who are unable to bear their academic expenses.

As we already know that Pakistan has a very low literacy rate. It has even dropped to 58% and the reasons are quite evident. Due to the sudden rise in academic expenses, many students have quitted their education as their families are financially too weak to afford their expenses.

Interest-free study loans provided by a lot of organizations serve as a helping hand to many of the poor students in our country. It helps them in full filling their dreams of getting a higher education. It is indeed a relief for many students across the country who have been worrying about their higher education.

Qarz e Hasna for Students in Pakistan

Meanwhile, different scholarships are also provided to the students. It is pertinent to note that most of the scholarships are merit-based. Students who score good grades and are academically efficient are granted these scholarships so that their abilities and talents would not get wasted. These interest-free loans and scholarships are offering educational assistance to the poor students of the country. So, all worries are gone now. Students who aspire to get professional degrees can easily avail of these scholarships and loans to remove all the obstacles that come underway.

When it comes to the Qarz-e-Hasna or interest-free loan, students can easily get benefitted from it and once their education is completed it can be returned in easy installments. The monthly installments of the loan are decided as per the income of the students. However, there are many organizations that demand students to return study loans within their study tenure on a small amount of the installments.

Student Loan in Pakistan for Abroad Studies  

In the modern era, the interest-free Student Loan in Pakistan for Abroad Studies has become so popular among students. They have complete access to the agencies, organizations, and banks that offer interest-free loans. Students who aspire to study abroad (America, England, Australia, and Germany) can also avail of such scholarships and loans.

Apart from the public and private banks, there are many other institutions who are concerning this issue with seriousness. They are offering interest-free study loans to the students that can be re-paid within easy installments. Students who are searching for different organizations that can provide the best study loan plans have landed straight on the right page.

We are here to guide you in your pursuit of seeking higher education through interest-free loans. The team Talibilm has compiled a list of all the organizations that are helping students while offering Qarz-e-Hasna to them. Let’s dig out these organizations!

  • National Bank of Pakistan
  • Ihsan Trust
  • Alkhidmat Foundation
  • Akhuwat Foundation

National Bank of Pakistan

A student loan scheme (SLS) has been introduced by the government of Pakistan that provides interest-free loans to the students. This loan scheme has collaborated with other public and private banks including NBP, HBL, MCB, and ABL.

Those students who are interested in seeking a bank loan should meet all the necessary requirements and then the authorities will decide whether they are eligible for the loan or not. In order to avail interest-free study loans, a student must have 70% marks in the last or final exam he has given. Students belonging to the following academic disciplines can apply for the loan,

  • Engineering
  • Electronics
  • Chemical technology
  • Agriculture
  • Medicine
  • Physics
  • Chemistry
  • Mathematics
  • Natural Sciences
  • Computer Sciences
  • Business Studies
  • Islamic Jurisprudence

It must be noted here that the study loan is either provided study loans to their respective universities or it has been given to the students in the form of textbooks.

Once a student is given the loan, he is obliged to repay this loan within a time period of almost 10 years. The loan installments are set according to the financial status of the students.

The age limit for Undergraduate students

Students not older than 21 years can apply for study loans for their Undergraduate study programs.

The age limit for Postgraduate students

Students not older than 31 years can apply for study loans for their Postgraduate study programs.

The age limit for Ph.D. students

Students not older than 36 years can apply for study loans for Ph.D.

Ihsan Trust

Ihsan Trust has been providing financial aid to the students for many years. It is a nonprofit organization whose chief objective is to make students financially stable enough to meet their academic expenses.

The mission statement of the Ihsan Trust includes helping out the needy and poor students of the country to pursue higher education. Their purpose is to encourage students to seek education. It indeed provides relief to low-income families who were once unable to meet their children’s educational expenses.

What are the Objectives of Ihsan Trust?

The Objectives of the Ihsan trust include,

  • Qarz-e-Hasna
  • Health & Hygiene
  • Skill Development
  • Educational Development
  • Rural Development
  • Assist indebted poor people

Alkhidmat Foundation

Alkhidmat Foundation is offering some of the best study scholarships to students across the country. These scholarships are provided under their “talent Scholarship Program” that aims at making students enable enough to pursue their higher education. It is running with the collaboration of the Alfalah Scholarship Scheme. It is indeed a benefit for many poor students with talents and capabilities to do wonders in life. Students can easily avail these scholarship opportunities to continue their studies.

Akhuwat Foundation

Akhuwat Foundation is hailed as the leading organization that is offering interest-free loans to students. It is completely non-government and offers up to PKR 10,000 to PKR 50,000 to the financially poor students of the country.

It is worth noticing that students from belonging to the Matriculation to the Masters or Ph.D. can apply for this loan provided that they are needy (financially weak).

Note: These loans are not provided to the students but also to those who want to start a new business.

Concluding Notes

So, those students who are worrying about their higher education should consult these organizations to seek financial aid. These interest-free loans are indeed a relief to many of the poor students in the country.

Student Loan in Pakistan for Abroad Studies
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Student Loan in Pakistan for Abroad Studies
In the modern era, the interest-free Student Loan in Pakistan for Abroad Studies has become so popular among students.
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